- IT’S TRUMP! STUNNING OUTSIDER VICTORY FOR 45TH PRESIDENT (AP)
- Trump Surges to Stunning Victory (WSJ)
- Trump takes the White House in stunning upset (Reuters)
- Trump Pledges to Rebuild America (WSJ)
- ‘Deplorables’ Rise Up to Reshape America (WSJ)
- Trump, as Outsider, Broke Every Rule on Road to Victory (WSJ)
- Markets Pare Losses After Plunging on Trump Win (BBG)
- Trump’s Win Goes Down Hard in Mexico (WSJ)
- ‘Go to hell!’ A divided America struggles to heal after ugly election (Reuters)
- Under $5 each, Trump’s votes came cheap (Reuters)
- Capital Punishment Restored in Nebraska, Expanded in Oklahoma (WSJ)
- Voters Approve Recreational Marijuana in Four States (WSJ)
- Wall Street elite stunned at Trump triumph (Reuters)
- More Pot, Fewer Guns, Higher Pay: How Americans Voted (BBG)
- Trump election puts Iran nuclear deal on shaky ground (Reuters)
- Clinton Couldn’t Rise Above an Angry Electorate (BBG)
- Italy’s Next in the Crosshairs for Anti-Establishment Wave (BBG)
- Republicans gain governorships, but North Carolina up in the air (Reuters)
- Sarkozy Says Trump Win, Brexit Show Popular Desire for Change (BBG)
- World leaders pledge to work with Trump after U.S. election stunner (Reuters)
- OPEC Deal Becomes More Urgent, Harder to Agree On (BBG)
Overnight Media Digest
WSJ
– Drugstore giant Walgreen Co. has sued its former lab-testing partner Theranos Inc. in federal court in Delaware, alleging it breached a contract between the two companies. http://on.wsj.com/2eCawZq
– Alphabet Inc. pushed out two managers on its drone-delivery project amid infighting on its team casting the program’s future in uncertainty and marking the latest setback for a Google sister company. http://on.wsj.com/2eC6FMj
– U.S. officials said a Chinese aluminum magnate is sidestepping U.S. trade sanctions, the latest development in federal attempts to rein in a flood of cheap metal imports that have overwhelmed U.S. producers. http://on.wsj.com/2ezXCeK
– The European Union is considering freezing negotiations over Turkey’s decades-long bid to join the bloc as tensions flare over the measures the government has taken in the wake of July’s failed coup attempt. http://on.wsj.com/2eC7aps
– Amazon.com could be the next company to come under scrutiny by Europe’s taxman, and the stakes could be especially high for the Seattle online retailer because it operates on slim margins. http://on.wsj.com/2eIdpLI
– Chocolate maker Mondelez International Inc. on Tuesday defended its decision in the U.K. to change the shape of a version of its Toblerone chocolate bar-lengthening the gaps between the chocolate “peaks” that slide out of the brand’s familiar triangular packaging. http://on.wsj.com/2fB3XYl
– Investor Carl Icahn more than doubled his stake in Hertz Global Holdings Inc on Tuesday, the same day the rental-car firm’s stock plunged in the wake of disappointing financial results and a lowered annual outlook. http://on.wsj.com/2eC35BS
– GoPro is recalling its new Karma drone after a few units lost power during flight. GoPro said no injuries or property damage have been reported. http://on.wsj.com/2eC5uMJ
FT
Marks and Spencer Group Plc announced a store closure programme affecting one in 10 of its clothing stores in the UK and many overseas, in an effort to effect a turnaround in operations.
Tesla Motors Inc said it would buy German-based Grohmann Engineering in a bid to expand into Europe as it tries to scale up manufacturing for its mass-market Model 3 car.
More than 30 individuals and companies are under investigation for tax fraud and financial crime linked to revelations made in the Panama Papers, chancellor Philip Hammond said.
Tesco Bank, owned by retailer Tesco Plc said it would repay 2.5 million euros to the 9,000 customers who had money stolen in one of UK’s biggest cyber heists over the weekend.
Canada
THE GLOBE AND MAIL
** The stunning victory by Donald Trump in the U.S. election throws into disarray Prime Minister Justin Trudeau’s goal of forging a North American energy and climate strategy. https://tgam.ca/2fRS999
** Canadian aerospace supplier Cormer Group Industries Inc is suing Bombardier Inc for C$25 million ($19 million) in damages, saying it was blindsided by the plane maker’s sudden decision to suspend its Learjet 85 luxury-jet development program. https://tgam.ca/2fRNxzO
** Marijuana was one of the winners of an otherwise bitterly divisive presidential election campaign, as voters in several states voted to support measures that would permit some legal use of the drug. https://tgam.ca/2fRM64c
NATIONAL POST
** The need for Canada to adopt better aboriginal consultation practices is “at the heart” of a newly appointed National Energy Board review panel, Natural Resources Minister Jim Carr said Tuesday. http://bit.ly/2fRW0Tt
** Ontario finance minister Charles Sousa unveiled plans on Tuesday to create a new regulator in the province to consolidate and strengthen oversight of credit unions, mortgage brokers, provincial pension plans and provincially registered insurers. http://bit.ly/2fRT09R
** Canada Mortgage and Housing Corp on Tuesday released statistics for national housing starts that show the British Columbia market numbers falling fast, a development that comes in the wake of new mortgage financing rules from Ottawa that went into effect last month. http://bit.ly/2fRWngX
Britain
The Times
Rio Tinto Plc was embroiled in an alleged bribery scandal last night over a multimillion-dollar payment to a consultant. As news of the crisis broke, Rio Tinto suspended one of its most senior executives after uncovering a $10.5 million payment related to vast west African iron ore project. http://bit.ly/2fBo4aj
Marks & Spencer Group Plc is to shut 30 stores across Britain and retreat from 10 countries in an attempt to halt a precipitous plunge in profits. http://bit.ly/2fBnsBr
The Guardian
Royal Bank of Scotland has apologised to small business customers as it revealed a 400-million-pound bill to compensate them for poor treatment in the wake of the banking crisis. http://bit.ly/2fBsT3c
Sports Direct’s board has said it did not know about or authorise an apparent attempt to secretly record a group of MPs who paid a surprise visit to its warehouse. http://bit.ly/2fBqzJL
The Telegraph
U.S. drugs giant Pfizer Inc will shut two of its three manufacturing plants in the UK in the next four years, putting 370 jobs at risk. http://bit.ly/2fBozBd
Tesco has enlisted the help of spy agency GCHQ to assist its investigation of what is the most serious cyber attack ever launched against a British bank. http://bit.ly/2fBnppm
Sky News
Mondelez International Inc, the maker of the iconic triangular Toblerone chocolate bar, has increased the spacing between the distinctive chunks and reduced its weight by almost 10 percent due to rising ingredient costs. http://bit.ly/2fBpn9n
Tesco Bank says it has resumed normal service for its customers after online transactions from current accounts were suspended because of a cyberattack. http://bit.ly/2fBnwRM
The Independent
Deliveroo couriers have demanded union recognition and employment rights and are set to take legal action if the company rejects their request. http://ind.pn/2fBs7Dz
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