- CNN (Image)
- A U.S. federal judge approves AT&T's $85 billion merger with Time Warner.
- The United States Department of Justice antitrust chief has told AT&T that it must sell off either DirecTV or Turner Broadcasting System (the parent of CNN) in order to complete its acquisition of Time Warner. ([http:--money.cnn.com-2017-11-08-media-att-time-warner-index.html CNN])
- AT&T reportedly agrees in principle to buy Time Warner for about $85 billion.
- Worker pay rate in the United States hits its highest level since 2008 according to the Bureau of Labor Statistics. The Employment Cost Index, which tracks worker compensation, has been steadily increasing since just prior to Donald Trump taking office.
- A US federal judge orders PricewaterhouseCoopers to pay US$625.3 million compensation to Federal Deposit Insurance Corp. The judge rules PwC negligently caused losses to F.D.I.C. by failing to uncover fraud during audits of Colonial BancGroup. Colonial, one the nation's 25 largest banks, and Taylor, Bean & Whitaker, the 12th-largest mortgage broker in the US, both collapsed in August 2009 as a result of fraud between the two. F.D.I.C. was the receiver for Colonial.