November 30, 2016 / 6:31 AM / in 2 years

PRESS DIGEST - Wall Street Journal - Nov 30

Nov 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- President-elect Donald Trump will name long-time banker and former Goldman Sachs executive Steven Mnuchin as Treasury secretary, turning to a campaign loyalist and fundraiser for the incoming administration's top economic cabinet post, a transition official said Tuesday.

- Residents of Chapeco, Brazil, struggle with news that a plane crash has decimated their soccer team, Chapecoense, a scrappy bunch of no-names, who clawed their way into the top ranks of Brazilian soccer, and were preparing for the biggest match of their lives.

- At least three people died in the wildfires raging in Gatlinburg, Tenn., and at least 14 people were transported to hospitals with fire-related injuries, according to city officials.

- Wilbur Ross Jr., who has been picked as the next commerce secretary, will be tasked with trying to bring home manufacturing jobs that have fled overseas, a key plank of President-elect Donald Trump's trade agenda.

- Carrier Corp has agreed to keep in Indiana roughly half of the 2,100 jobs it had planned to shift to Mexico, after a lobbying effort from the incoming Trump administration.

- U.S. home prices have climbed back above the record reached more than a decade ago, bringing to a close the worst period for the housing market since the Great Depression and stoking optimism for a more sustainable expansion.

- Corporate profits continued to rebound in the third quarter alongside solid growth in the broader U.S. economy. Compared with a year earlier, after-tax profits rose 5.2 percent in the third quarter, the first annual increase since late 2014.

- In tapping Rep. Tom Price and Medicaid consultant Seema Verma for top health positions, President-elect Donald Trump has signaled that he intends to put conservative health-policy goals at the forefront of his administration.

- Altice USA, the fourth largest U.S. cable operator, said it plans to convert its entire network into an ultrafast fiber-to-the-home network capable of 10 gigabits-per-second speeds within the next five years, a bold plan that takes aim at the company's fierce rival, Verizon Communications Inc's Fios. (Compiled by Aurindom Mukherjee in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below