Wal-Mart (WMT) may have engaged in misconduct in Brazil, according to the Wall Street Journal quoting people familiar with a U.S. investigation. The case involves alleged foreign bribery in that market.
Toyota (TM) is replacing Takata airbag inflators that it had previously deemed safe in 1.6 million cars in Japan. Meanwhile, Takata employees in the U.S. raised concerns internally about misleading testing. (Reuters & WSJ)
Turing Pharmaceuticals, which became a lightning rod for criticism over excessive price increases for older medicines, said it would cut the cost of its anti-infection drug to hospitals. (NBC News)
Yahoo's (YHOO) outlook has been cut to negative by Standard & Poor's, which cited poor prospects for revenue growth and higher costs for acquiring traffic. S&P's credit rating for Yahoo remains at BB+. (CNBC)
A judge is expected to hear different interpretations of how the country's two biggest daily fantasy sports companies operate at a hearing today on whether the businesses should be allowed to continue operating in New York. (AP)
Trian Fund Management, the activist hedge fund run by billionaire investor Nelson Peltz, is ending quarterly redemptions by its new investors, in order to lock in money for longer periods. (Reuters)
Sony (SNE) said its PlayStation 4 videogame console had passed the 30 million mark in sales, two years after its launch. This version of the PlayStation has sold faster than any of its predecessors. (CNBC)
Uber wants to continue to grow beyond its taxi service, possibly offering deliveries of food and even flu shots, the head of global operations told CNBC. The San Francisco-based firm increasingly sees itself a "logistics platform."
One month after blurring the line between breakfast and other meal times, McDonald's (MCD) is going one step further with the "ChiTown Classic," a breakfast burger mashup sold at participating Chicago locations. (CNBC)
With one-and-a-half trading days left this week, the three-year Thanksgiving week winning streak on Wall Street remains in play, with stocks overall hovering near breakeven for Monday and Tuesday. The market will be closed tomorrow for Thanksgiving Day, and open for just a half day on Friday.
The holiday means that several days of economic data are being stuffed into one, beginning with a veritable flood of numbers at 8:30 a.m. ET, including the weekly look at initial jobless claims; durable goods orders for October; and personal income and spending for October.
At 10 a.m. ET, the government issues new home sales for October and the University of Michigan releases its final November consumer sentiment index. Meanwhile, the Energy Department is out with its weekly oil and gasoline inventory numbers at 10:30 a.m. ET, and the day-early release of natural gas inventories at noon ET.
Oil services giant Baker Hughes releases its weekly rig count report at 1 p.m. ET, two days earlier than normal due to the Thanksgiving holiday.
A definitive rise in mortgage rates over the last month is keeping borrowers at bay, with home loan application volume falling 3.2 percent last week, according to the Mortgage Bankers Association.
The biggest small-business event of the year is almost here. Small Business Saturday, two days after Thanksgiving, reigned in more than $14.3 billion for independent stores last year.
Hormel Foods (HRL) has authorized a 2-for-1 stock split, the 10th such move in the company's history. Hormel reported on Tuesday a mixed quarter, beating on earnings and missing on revenue
Deere & Co. (DE) today reported earnings well above estimates. But revenue was light. Deere also warned about a drop in sales for the current quarter and fiscal 2016.
TiVo (TIVO) missed on earnings but beat on revenue. The digital video recorder maker issued better-than-expected current quarter guidance and record subscriber additions.
BioMarin Pharmaceutical's (BMRN) experimental muscle disorder drug got a negative opinion from an FDA panel, which said efficacy data was not persuasive enough. The full FDA will decide whether to approve the drug at a Dec. 27 meeting.
Blackstone (BX) is close to a deal to sell four Los Angeles office towers for more than $1 billion, according to the Wall Street Journal. Separately, the New York Post reports that Blackstone sold the London Hotel in New York to the Abu Dhabi Investment Authority for $382 million.
EMC (EMC) and VMWare (VMW) shareholders want changes to the deal that sells EMC to computer maker Dell, according to Re/code, before they will vote for it. EMC currently owns a majority stake in VMWare, with both companies to be controlled by Dell after the deal goes through.
Golden State Warriors beat the Los Angeles Lakers last night, improving to 16-0 and for best regular season start in the NBA's 70-year history. The Warriors now have their sights on another long-standing record. (USA Today)
Emirates airline is giving its logo space on the soccer jerseys of Paris Saint-Germain players for today's game, in favor of "Je Suis Paris," which translates to "I am Paris," honoring the terror attack victims. (USA Today)