Here are five things you must know for Friday, Dec. 8:
The deal, struck in the early hours of Friday after a night of intense brokering between officials from Dublin, London and Brussels, and led by U.K. Prime Minister Theresa May, will see the U.K. paying around €60 billion to cover its financial commitments to the bloc and guaranteeing the rights of EU citizens living in the United Kingdom.
The deal also calls for no "hard border" between the Republic of Ireland, an EU member state, and Northern Ireland, a region that falls under U.K. law. Such a border would have violated the Good Friday peace agreement reached in 1998 that effectively ended decades of violence in the region.
EU President Jean-Claude Juncker said he was satisfied "sufficient progress" now has been made to move the talks on to trade and transition issues in the new year.
3. -- Bitcoin prices have fallen 12% on Friday to $14,541, according to Bitstamp, after the digital currency surpassed five major threshold prices in the past two days. Some exchanges had bitcoin trading above $18,000 on Thursday.
5. -- A Caterpillar Inc. (CAT) subsidiary admitted that it cheated customers by performing unnecessary repairs to their railcars and agreed to plead guilty to dumping brake shoes and other parts into the ocean to hide evidence, The Wall Street Journal reported, citing court documents.
United Industries LLC, part of Caterpillar's Progress Rail Services unit, agreed to pay a criminal fine of $5 million as well as a total of $20 million in restitution to three railcar-owning companies: TTX Co., Greenbrier Co. and the Pacer International unit of XPO Logistics Inc. (XPO) . The fine and restitution are modest for a large company like Caterpillar, but the case represents a blow against its reputation for quality service, the Journal noted.
Caterpillar shares were rising 0.6% in premarket trading on Friday.
This has been updated from 6:08 a.m. ET.
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