Reuters Business Today: November 28, 2016

Click to View in Browser Monday, November 28, 2016 Wall St. set to open lower after record-setting week (Reuters) - U.S. stocks looked set to open lower on Monday, after the three major indexes extended their post-election rally and closed at record highs last Friday. OPEC makes last-ditch bid to save oil deal as tensions grow VIENNA (Reuters) - OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. Samsung to unveil shareholder return plans amid calls to split company SEOUL (Reuters) - Samsung Electronics Co Ltd said it will disclose plans to boost shareholder value on Tuesday - a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide more in payouts. Trump faces dilemma as U.S. oil reels from record biofuels targets NEW YORK (Reuters) - The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over. Oil prices gyrate as OPEC heavyweights head to Vienna LONDON (Reuters) - Oil prices gained more than one percent on Monday in volatile trading after falling as much as 2 percent, recouping the losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. Time Inc rejects bid from billionaire Bronfman Jr.: NY Post (Reuters) - Time Inc , the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Unions, gig-economy firms gear up for New York benefits battle (Reuters) - Faced with a barrage of lawsuits from workers demanding benefits and recognition as employees, some companies in the fast-growing 'gig economy' are looking to settle the issues through legislation. Peaks, black swans and bonanzas: Market tips, bold calls and eyecatchers for 2017 LONDON (Reuters) - Politics, economics and finance have all been turned on their head in 2016, and investors are already looking ahead to 2017 with anticipation and trepidation. Actelion's ambitious independent-minded CEO will drive up takeover price ZURICH (Reuters) - Actelion Chief Executive Jean-Paul Clozel's desire to keep Europe's biggest biotech company independent after building it from scratch, means Johnson & Johnson will have to pay a steep premium if a takeover is to succeed. U.S. shoppers spend less over holiday weekend amid discounting CHICAGO (Reuters) - Early holiday promotions and a belief that deals will always be available took a toll on consumer spending over the Thanksgiving weekend as shoppers spent an average of 3.5 percent less than a year ago, the National Retail Federation said on Sunday. Related Video Adobe's Tamara Gaffney breaks down the data on the Cyber Monday OPEC meeting outcome unclear Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook