Trump's win gives some hedge funds big boost -investors
BOSTON, Dec 2 Donald Trump's U.S. presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said.
July 11 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
* Google's rival Yelp Inc says the search giant is promoting its own content at the expense of users, as Google battles to protect a proposed deal in Europe over similar concerns. An internal Yelp presentation, claims that Google is showing results from its Google+ local listings ahead of links to Yelp even in cases when a Google user includes "yelp" in a search query. (on.wsj.com/1njCEC5)
* The Authors Guild sent an email to its 9,000 members describing as "highly disingenuous" Amazon.com Inc's recent offer to give Hachette Book Group authors all the revenue from their e-book sales. (on.wsj.com/1jisFx4)
* The U.S. Federal Trade Commission sued Amazon.com Inc alleging that the online retailer allowed millions of dollars in unauthorized purchases by children through its app store. (on.wsj.com/1w72uK7)
* Microsoft Corp Chief Executive Satya Nadella signaled Thursday he won't quickly reshape what Microsoft does, but is likely to cut the number of people doing it.(on.wsj.com/1oKOFjn)
* The Puerto Rico Electric Power Authority tapped reserve funds to pay investors last week in the latest sign the cash-strapped utility may soon restructure its debt. A trustee for the power authority withdrew about $41.6 million from a reserve fund to make payments on July 1. (on.wsj.com/1oLGDXv)
* A federal judge on Thursday ordered the Internal Revenue Service to explain how it lost two years' worth of a former official's emails, and tapped a magistrate judge to find out whether the documents can be obtained from other sources. (on.wsj.com/1qPtgXR) (Compiled by Sudarshan Varadhan in Bangalore)
CHICAGO, Dec 2 U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices.
CHICAGO, Dec 2 The junk-rated Chicago Public Schools (CPS) on Friday announced a bigger, largely bond-financed capital budget a day after a veto by Illinois' governor put a $215 million hole in the district's budget.