Wally World reported third-quarter earnings on Thursday, beating analysts' expectations on per-share earnings but falling short on total sales. The strong U.S. dollar and food price deflation weighed on results. Fed Chair Janet Yellen told lawmakers that an interest rate hike could come "relatively soon," reinforcing the chances of a December move. And, shareholders of Tesla and SolarCity (SCTY) approved their merger.
Beyond the headlines, there's plenty of other stories that might not have caught your eye. Take a look at some of the goings-on you may have missed in Wall Street news, deal making and investing.
Trump Likely to Reverse Course on AT&T/Tim Warner Deal
Choice of antitrust gurus picked to vet new regulators suggests tough comments on mergers were just talk. Full story
Tesoro Continues M&A Streak With $6.4 Billion Deal for Western Refining
The San Antonio, Texas-based independent refiner will scoop up its across-the-state competitor by exchanging $4.1 billion worth of its shares and picking up $1.7 billion worth of debt. Full story
Victoria's Secret Restructuring Weighs on L Brands Holiday Outlook
L Brands is expected to feel the pressure from Victoria's Secret's restructuring through the second half of next year. Full story
Valeant and Philidor Execs Face Fraud Charges
The U.S. Department of Justice is set to announce charges against Valeant Pharmaceuticals International, Inc. VRX executives for engaging in "a multi-million dollar fraud and kickback scheme." Full story