Global Glance: Americans head to polls; Quake near Oklahoma oil hub prompts concerns

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Here are today’s top business headlines from across the nation and world:

Global stocks lifted by news FBI not to charge Clinton

SEOUL, South Korea (AP) — Global stocks started the week on a strong note Monday after the director of the FBI said the bureau found no evidence warranting criminal charges against presidential candidate Hillary Clinton in a trove of newly discovered emails. Britain’s FTSE advanced 1.4 percent to 6,789 while France’s CAC 40 jumped 1.7 percent to 4,450 and Germany’s DAX rose 1.6 percent to 10,421. Read more

Americans go to polls against backdrop of an uneven economy

WASHINGTON (AP) — The U.S. economy is lifting job growth and wages but not voters’ spirits. Americans are choosing a president against a backdrop of slow but steady growth that has managed to restore the economy from the crushing setback of the Great Recession. The government’s October jobs report , released Friday, showed that hiring remains solid, with 161,000 jobs added. The unemployment rate is a low 4.9 percent. Yet the recovery, the slowest since World War II, has left many Americans feeling left behind, especially those who lack high skills or education or who live outside major population centers. Read more

Quake near Oklahoma oil hub prompts infrastructure concerns

CUSHING, Okla. (AP) — A magnitude 5.0 earthquake centered near one of the world’s key oil hubs brought down building facades and shattered windows in a central Oklahoma city, rendering century-old buildings unsafe and raising concerns about key infrastructure. Oklahoma has had thousands of earthquakes in recent years, with nearly all traced to the underground injection of wastewater left over from oil and gas production. Sunday’s quake was centered one mile west of Cushing and about 25 miles south of where a magnitude 4.3 quake forced a shutdown of several wells last week. Read more

Reports of different Samsung phone model exploding

PARIS (AP) — A Samsung phone user in France says her Galaxy J5 smartphone caught fire and exploded on Sunday. The model is different from the Galaxy Note 7 that has been recalled worldwide. Lamya Bouyirdane told The Associated Press on Monday that she noticed the phone was very hot after she asked her four-year-old son to pass it over during a family gathering at her home. She said she threw the phone away when she realized it had “swollen up” and smoke was coming out. The South Korean company recently recalled millions of its Galaxy Note 7 smartphones globally because of a problem that caused the batteries to overheat and catch fire. Read more

UN climate chief: No doubt world will shift to low emissions

MARRAKECH, Morocco (AP) — Climate negotiators started work Monday on implementing the Paris Agreement on global warming amid uncertainty over how the U.S. election will impact the landmark deal as temperatures and greenhouse gases soar to new heights. U.N. climate chief Patricia Espinosa told delegates in the rain-soaked Moroccan city of Marrakech that “no politician or citizen, no business manager or investor” can doubt that the world is determined to shift toward a “low-emission, resilient society.” So far, 100 countries have formally joined the agreement adopted last year in Paris, including top polluters China, the United States, the European Union and India. Read more

Bond market to borrowers: Pay me back in 100 years

NEW YORK (AP) — Bond investors are supposed to be rewarded with higher interest rates in exchange for investing in riskier borrowers, as well as for waiting longer to get their money back. They appear to have forgotten that this year. They’re lending to Ireland not for 50, but 100 years, and at 2.35 percent. They’ve handed $1 billion to Disney for 10 years, at a rate – 1.85 percent – barely above inflation. Read more


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