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In This Issue

  • Super Trade Zone in the Central U.P.
  • Your Holiday Marketing Plan
  • Shedding Light on the "Dark Store" Tax Theory
  • Expansions at the DCHS and Systems Control

Yahoo! Finance: Top Stories

Charles Koch: My body is full of harpoons
Charles Koch, CEO of Koch Industries, tells Yahoo Finance editor-in-chief Andy Serwer why he's decided to go public.

U.S. store sales down slightly for Thanksgiving and Black Friday
Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend and many shoppers moved to the web. Online sales were up by double digits, according to data released on Saturday. Data from analytics firm RetailNext showed overall sales for both days fell 1.5 percent on flat customer traffic, while average spending per shopper dropped 1.4 percent.

Murdoch: Tribune papers likely to be sold, LA Times split off
Murdoch, who is also co-chairman of 21st Century Fox (FOX.A), the entertainment and broadcast group, made his comments on Twitter. Murdoch did not say on his verified Twitter account which firm would acquire the newspaper group or the timing of any deal.

Wall St ends flat; Disney, retailers dip on sales worries
U.S. stock indexes ended little changed in light trading on Friday, with consumer stocks falling as investors fretted over early reports on the U.S. holiday shopping season and Disney's subscriber losses ...

Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal - sources
LONDON/NEW YORK/FRANKFURT (Reuters) - Investment bank Lazard is working with Sanofi's management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12.7 billion), sources familiar with the matter said. Lazard is expected to win the role for the so-called dual-track process having helped Sanofi's management in the ongoing review, the sources said, speaking on condition of anonymity. Sanofi and Lazard declined to comment.

HSBC whistleblower Falciani sentenced to five years in prison
HSBC said it welcomed the ruling on Falciani, a 43-year old French citizen who had been on trial in Switzerland. HSBC's Swiss unit has been in the spotlight since 2008, when Falciani, a former IT employee there, fled Geneva with files that were leaked to the media and were alleged to show evidence of tax evasion by clients. Falciani, who is based in France, did not attend his trial and stayed out of Switzerland while it was going on.

Holiday shopping unlikely to cheer many investors
The holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks. After months of uninspiring sales growth and recent disappointments from Macy's (M.N) and Nordstrom (JWN.N), shareholders of apparel sellers have had little to be thankful for and face a challenging holiday season. Early indications suggested this year's holiday season was off to a slow start.

Musk's Tesla faces German battle over battery-powered homes
If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. The South African-born entrepreneur's company Tesla, best known for its electric cars, sparked global interest in the idea of self-powered homes in April, when it said it would start selling lithium-ion batteries for households next year. The batteries, called Powerwalls, connect to solar panels on the roof of a house and aim to store enough power during the day to drive kettles and washing machines at night, raising the prospect that households one day will be able to rely fully on clean energy and become independent of the power grid.

Halliburton refiles bid for EU approval of $35 billion Baker Hughes buy
U.S. oil services provider Halliburton Co (HAL.N) has refiled a request for EU antitrust approval of its $35 billion bid for smaller rival Baker Hughes (BHI.N), four months after regulators rejected an earlier application because of insufficient data. The European Commission will decide by Jan. 12 whether to clear the deal or open a full investigation, according to a filing on its website. Halliburton has said it is prepared to sell three drilling businesses in Mexico and an expandable liner hangers unit as well as three Baker Hughes businesses which includes offshore cementing activities in Australia, Brazil, the Gulf of Mexico, Norway and the United Kingdom.

Class action suit against Barclays alleges forex rigging losses
The suit by Axiom Investment Advisors LLC, filed in a Manhattan federal court, follows a pact on Nov 18 in which Barclays agreed to pay New York State's financial regulator an additional $150 million to settle allegations stemming from allegations about the bank's forex practices. A Barclays spokesman declined to comment. Barclays, in some instances, used a feature called “Last Look” on its forex trading platform to automatically reject client orders that would be unprofitable for Barclays because of price swings in milliseconds-long hold periods the bank imposed after trades were placed, the New York Department of Financial Services (NYDFS) has said.