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U.S. markets news

Bitcoin drops below $10000 with $30 billion of value wiped off in a day as ...
The world's largest cryptocurrency was trading at $9,615.94 at about 9:38 a.m. ET on Wednesday, according to CoinDesk. The last time bitcoin fell below the $10,000 mark was November 30.
What Could Kill the Bitcoin Boom  Bloomberg
Here are all the theories explaining the crypto market crash  Business Insider
Reuters  
Goldman earnings top Street but bank reports 'shocking' 50% drop in bond ...
Goldman Sachs reported adjusted earnings of $5.68 per share against Wall Street estimates of $4.91. That excluded a $4.4 billion charge the company had to take due to tax legislation.
Goldman Sachs Ends Horrible Bond-Trading Year With Big Tax Loss  TheStreet.com
Goldman Sachs Posts $1.9 Billion Loss Due to New Tax Law  U.S. News & World Report
BofA Has Ways to Go to Hit $53 Billion Cost Target This Year
Bank of America took a $2.9 billion charge related to tax reform. Bloomberg's Yalman Onaran reports. Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year.
Bank of America net profit slumps on $2.9 billion tax charge, adjusted ...  Reuters
Bank of America's earnings top expectations, excluding tax charge  CNBC
US industrial production up 0.9% in Dec, vs 0.4% increase expected
U.S. industrial production increased more than expected in December as unseasonably cold weather boosted demand for heating. Manufacturing output slowed further, however.
US Manufacturing Output Rose in December for Fourth Month  Bloomberg
US Industrial Production Rose 0.9 Percent in December  U.S. News & World Report
Infiniti says it will go 'all electric'
Infiniti, the luxury brand of Japanese automaker Nissan, will start phasing out gas-powered vehicles in 2021 and switch to “all electrified” models, the maker's new CEO Hiroto Saikawa said Tuesday afternoon.
Infiniti Gets Electrified in 2021  Ward's Auto
Nissan Is Turning Infiniti into an Electric Luxury Brand  Fortune
Nestle is selling its US candy business to Ferrero for about $2.8 billion
Nestle is selling its U.S. confectionery business to Italian chocolate and candy maker Ferrero for an estimated $2.8 billion, the company said Tuesday.
Nutella Maker to Pay $2.8 Billion for Nestle US Candy Unit  Bloomberg
Nestle sells Crunch, Nerds and other US brands to Ferrero for $2.8bn  BBC News
General Electric (GE): Does Breaking Up Make Sense?
Breaking up is often hard to do, but when survival depends on business agility, nimbleness and a long-term competitive strategy, there's sometimes no alternative.
GE's Power Outage Has Destroyed $100 Billion In Market Value  Forbes
GE CEO renews pledge to study breakup after $6.2 billion stumble  Pittsburgh Post-Gazette
Larry Fink's Warning to CEOs Rings Hollow
The BlackRock founder wants companies to make the world a better place. It's going to take more than a strongly-worded letter to create change.
BlackRock CEO Says Companies Need To Do More Than Deliver Profits  NPR
BlackRock CEO to Companies: Pay Attention To 'Societal Impact'  Wall Street Journal
Celgene Needs a Boost, But Juno Isn't It
The Wall Street Journal reported Tuesday night that Celgene is hunting bigger game in Juno Therapeutics Inc. -- one of several companies developing so-called cell therapies, which use modified human immune cells to fight cancer.
30 Stocks Moving In Wednesday's Pre-Market Session  Benzinga
Is Celgene (CELG) Looking to Take Over Juno Therapeutics?  Zacks.com
Man booted from British Airways flight for wearing all his clothes to avoid ...
There are many approaches to avoid paying a fee for excess luggage when traveling by air these days. You could pack light, cramming all your belongings in an approved carry-on bag.
Passenger wearing 8 pairs of pants, 10 shirts blocked from flying  SFGate
British Airways Kicks Off Passenger Who Put On All His Clothes To Avoid ...  Newsweek