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here. U.S. stock futures were higher on the final trading day of the year, the best year on Wall Street since 2013. | Dow Jones Fut | 24,837.51 | Current: | 24,876.00 | Change: | 79.00 | Impl. Open: | 23.49 | | S&P 500 Fut | 2,687.54 | Current: | 2,697.25 | Change: | 11.50 | Impl. Open: | 6.66 | | NASDAQ 100 Fut | 6,441.42 | Current: | 6,466.25 | Change: | 20.00 | Impl. Open: | 4.83 | | Russell 2000 Mini | 1,548.93 | Current: | 1,556.40 | Change: | 6.80 | Impl. Open: | 4.97 | | Quotes as of 12/29/2017 8:11:59 AM ET | U.S. stock futures were higher on the final trading day of the year. The Dow on Thursday hit its 71st record high close of 2017, the most in a single calendar year. Wall Street was on track to post its best year since 2013. (CNBC) The Dow and S&P 500 could post their sixth consecutive week of gains. The Dow hasn't done that since 1954, the S&P since 1971. The Dow, S&P 500 and Nasdaq each had only one negative month this year. Apple (AAPL), whose stock surged 47 percent in 2017, issued an apology for the recent revelation that its software slows down older iPhones to prevent excessive battery draining. Apple, which said it didn't intentionally shorten the lives of its products or degrade the user experience, is cutting the price for replacing an out-of-warranty battery to $29 from $79. (CNBC) | At least 12 people were killed and four people were critically injured in a blaze at a Bronx apartment building late last night in what New York Mayor Bill de Blasio called the city's worst fire tragedy in a quarter-century. (NBC News) Police are promising a bigger security detail than ever before in Times Square for this year's New Year's Eve celebration after the U.S. saw a number of deadly attacks on innocent crowds, including at the major tourist intersection. (AP) President Trump said special counsel Robert Mueller's Russia investigation makes the U.S. "look very bad" and puts the country in a "very bad position." But the president also said he believes Mueller will treat him fairly. (NY Times) Venezuela said it plans to launch within days a cryptocurrency backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis. There's skepticism among crypto experts about whether Venezuela has the technical ability to pull it off. (Reuters) Uber and SoftBank have agreed to a long-awaited tender offer, in a deal that would value Uber at $48 billion, about a 30 percent discount to the company's $68 billion valuation from June 2016. The deal has long been expected. (CNBC) Jewelry store Claire's pulled some of its glittery items after allegations that they include asbestos, and is offering refunds. The American retailer of accessories and jewelry said it is hiring an independent laboratory to test the cited product. (CNBC) Netflix (NFLX) plans to increase salaries for its top executives, according to an SEC filing. The streaming video company cited the new tax law as the reason for those raises. Priceline Group (PCLN) and IBM (IBM) reached an agreement that resolves a patent dispute between the two companies and cross-licenses each company's patent portfolio. IBM had sued Priceline earlier this year, saying the travel website operator had willfully infringed four key IBM patents and had refused to participate in meaningful discussions. Volkswagen (VLKAY) will petition a German court to block the appointment of a special auditor for the automaker. A lower court ordered the appointment of the auditor last month to investigate management actions regarding Volkswagen's diesel emissions scandal. SandRidge Energy (SD) is terminating its previously announced deal to acquire Bonanza Creek Energy (BCEI). The move follows pressure from investor Carl Icahn to terminate the deal, although Icahn is not specifically mentioned in SandRidge's release which cites consultation with the company's largest shareholders. SandRidge will reimburse Bonanza up to $3.7 million in transaction-related expenses. Huntington Ingalls (HIL) will move to the S&P 500 from the S&P MidCap 400 index. The shipbuilder will replace C.R. Bard in the S&P 500, with Bard's deal to be acquired by Becton Dickinson (BDX) on track to close today. | | News Associate | | | Senior Producer | | Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. |
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