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U.S. Stocks Slip

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U.S. stocks slipped Friday, putting the S&P 500 and Dow Jones Industrial Average on course for narrow weekly losses.

GOP Steams Ahead With Tax Overhaul

Republicans are powering tax overhaul plans through Congress with remarkable speed, having departed town for a Thanksgiving recess Friday after important victories in the Senate and House.

Treasury Calls for Overhaul of Systemically Important Bar

The Treasury Department has called for an overhaul of the process for designating financial institutions as systemically important.

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Saudi Arabia Pursues Cash Settlements as Crackdown Expands

Authorities in Saudi Arabia are widening a corruption probe that has reached the upper echelons of the royal family and entangled prominent businessmen who are now being asked to surrender assets in exchange for their freedom.

Tax Talks Advance Without an Analysis of Economic Impact

The tax debate that consumed Congress this week was missing an ingredient Republicans say is essential to any realistic analysis of changes in the tax law: an accounting of the economic growth impacts of an overhaul.

Housing Starts Bounce Back Strongly

U.S. housing starts rose last month to the highest level in a year, a sign that builders are getting back on track after hurricanes lashed the southeast and dampened residential construction activity in September.

Canada Inflation Slows in October

Annual inflation in Canada slowed in October from the previous month, a result that is likely to reinforce the Bank of Canada's cautious approach to setting interest-rate policy.

Two Weeks of Frenzied Negotiations Led to Bank-Relief Deal

Moderate Democrats worked with the GOP on a plan to roll back the Dodd-Frank law, marking the first significant bipartisan agreement to relieve small and regional lenders from a number of restrictions.

ECB's Weidmann: ECB Proposals on Bad Loans Are 'a Sensible Way Forward'

German central-bank President Jens Weidmann sided with the European Central Bank in a dispute with Italian officials over how to reduce the quantity of nonperforming loans.

Why It Has Been So Hard to Win the Spinoff Trade

Corporate spinoffs such as Ferrari, from Fiat Chrysler, and PayPal, from eBay, have a well-documented history of outperforming the market. But the few funds that invest exclusively in spinoffs haven't.

(END) Dow Jones Newswires

November 17, 2017 19:15 ET (00:15 GMT)