Bloomberg

Tillerson Discloses Global Assets of as Much as $400 Million
Bloomberg
Rex Tillerson, President-elect Donald Trump's pick for U.S. secretary of state, disclosed assets worth as much as $400 million in a federal ethics filing that reflected investments spanning more than a dozen nations. If confirmed by the U.S. Senate
Rex Tillerson Holds as Much as Half a Billion Dollars in AssetsWall Street Journal
Rex Tillerson talks tough on Russia in private Capitol Hill meetingsWashington Post
Tillerson leaving Exxon with $180 million retirement packageHouston Chronicle
Huffington Post –Reuters –The Hill –BBC News
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New York Times

Fed Sees Faster Economic Growth Under Trump, but Not a Boom
New York Times
Janet L. Yellen, the Fed's chairwoman, at a news conference in December. Fed minutes released on Wednesday show just how much Donald J. Trump's unexpected victory has clouded the economic outlook for 2017. Credit Alex Brandon/Associated Press.
US Dollar Retreats After Fed MinutesWall Street Journal
Stocks hold gains after Fed minutes; dollar downReuters
Fed policymakers say economy could grow more quickly under TrumpWashington Post
Los Angeles Times –MarketWatch –Tribune-Review –Bloomberg
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CBS Local

LIRR Train Crashes Into Atlantic Terminal In Brooklyn After Operator Doesn't Stop
CBS Local
Grabner, Hayes Score Two Goals Apiece As Rangers Top FlyersThe Rangers won for the fourth time in five games and moved 10 points ahead of the Flyers in the Metropolitan Division standings. Knicks Drop 6th Straight Game, Fall To Bucks 105-104Giannis …
Federal Officials: It Will Take Days to Investigate LIRR Train Derailment That Injured More Than 100NBC New York
New York train crash injures more than 100 commutersBusiness Insider
Official: Train derailment investigation could take daysHouston Chronicle
FOX40 –World Socialist Web Site –STLtoday.com –NY1
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Washington Post

Donald Trump Nominates Wall Street Lawyer to Head SEC
New York Times
Jay Clayton is a partner with the prominent New York law firm Sullivan & Cromwell. Credit Sullivan & Cromwell LLP. The Wall Street lawyer Walter J. Clayton does not travel in political circles, nor is he well known in corporate America. He is the
Trump to tap Wall Street lawyer Jay Clayton to head SECWashington Post
After Ripping Wall Street, Trump Picks Insider to Lead SECBloomberg
SEC Pick Jay Clayton Is a 180 From Chairman Mary Jo WhiteWall Street Journal
ABC News –USA TODAY –World Socialist Web Site –NBCNews.com
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CBS Local

Monroeville Kmart to close in spring
Tribune-Review
The Monroeville Kmart is among six of the discount department stores in Pennsylvania that will be closed this spring, its parent company announced Wednesday. Sears Holdings announced that the Monroeville store will be among 78 Kmart stores and 26 …
Is your Sears or Macy's closing? Here's a look at the stores that will go darkYahoo Finance
Kmart, Sears stores in region join closing listPittsburgh Post-Gazette
Massachusetts Spared in Massive Additional Kmart, Sears ClosingsPatch.com
NOLA.com –WDBJ7 –Springfield News-Leader –Indianapolis Business Journal
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CNBC

Macy's posts disappointing holiday sales, likely to cut 10000 workers and move forward with store closures
CNBC
Macy's shares tumbled more than 9 percent after the market's close Wednesday after it posted disappointing holiday sales and released the locations of 68 of the 100 stores it plans to close as it looks to turn around its performance. Macy's comparable
Macy's sells downtown Minneapolis store, will close it in MarchMinneapolis Star Tribune
Business Day|Macy's Will Cut 10000 Jobs After Poor Holiday SalesNew York Times
Macy's Is Closing 63 Stores And Cutting 10000 Jobs As Sales Plunge AgainFortune
Detroit Free Press –Chicago Tribune –Washington Post –Pittsburgh Post-Gazette
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Los Angeles Times

Scuttled Ford Plant Has Mexico Fearing More Under Trump
New York Times
MEXICO CITY — Ford Motor Co.'s cancellation of plans to build a $1.6 billion auto manufacturing plant in San Luis Potosi has sounded alarms across Mexico. Even as the country is being rocked by rowdy nationwide protests against a Jan. 1 gasoline price …
How many more companies will give Trump a honeymoon on jobs?The Hill (blog)
The American auto industry does not need Trump to stage-manage itWashington Post
Trump Tweet Attacks A Car That's Mainly Made In OhioHuffington Post
Wall Street Journal (blog) –U.S. News & World Report –ABC News –Yahoo News
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USA TODAY

MyPillow accreditation revoked by the Better Business Bureau
USA TODAY
The BBB made the decision after reviewing MyPillow's ongoing "buy one get one free" offer, which violates the organization's code of advertising. “Among other issues, BBB has attempted to persuade MyPillow to discontinue their "buy one get one free” …
Customers: Pro-Trump Pillows Are a NightmareDaily Beast
MyPillow downgraded by biz bureau for misleading customersNew York Post
Better Business Bureau revokes MyPillow accreditation over ad disputeMinneapolis Star Tribune
NBCNews.com –ConsumerAffairs –WDIV Detroit –WTVM
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TIME

An Hours-Long Customs Outage Across the US Leaves Travelers Up In Arms
TIME
Major airports across the U.S. saw long lines, packed waiting areas and grumbling passengers on Monday, as a nationwide system crash at Customs and Border Protection (CBP) caused extended delays right as the holiday season was drawing to a close.
Computer outage disrupts customs at US airportsCNN
Officials: Customs system outage causes waits at airportsU.S. News & World Report
Customs outage causes chaos, backups at airportsBurlingtonFreePress.com
New York Daily News –New York Times –The Boston Globe –KTLA
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Bloomberg

The Risk to OPEC's New Order
Bloomberg
Julian Lee is an oil strategist for Bloomberg First Word. Previously he worked as a senior analyst at the Centre for Global Energy Studies. Facebook · Twitter · Email; Print; Share. Jan 3, 2017 1:00 AM EST. The shift to the global oil order that
Oil prices rise as markets eye OPEC, non-OPEC production cutsReuters
OPEC Dismisses American Shale OilSeeking Alpha
Crude Oil Prices May Break Deadlock on Inventory DataDailyFX
CNBC –Independent Online –EconoTimes –The Edge Markets MY
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