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In This Issue

  • A Busy season for Sayklly's in Escanaba
  • Boss Snowplow Celebrating 30 years
  • Tax Saving moves from Patricia Barton
  • Send us your nominations for the Business Person of the Year

Yahoo! Finance: Top Stories

Toymaker VTech says data on 6.4 million kids taken in unprecedented hack
Digital toymaker VTech Holdings Ltd said on Tuesday that data on about 6.4 million children was exposed in a hack of information on customers in more than a dozen countries. The Hong Kong-based firm initially disclosed the attack on Friday, and said hackers took data of nearly 5 million adults, but it did not disclose how many children's profiles were accessed. In a statement posted on its website on Tuesday, it disclosed that the number of children affected exceeded the number of adults, with data on some 6.4 million children accessed along with data on 4.9 million parents.

Will December keep its reputation for being the kindest month for U.S. stocks?
December is off to a strong start and is looking to keep its reputation for being the kindest month for U.S. stocks.

Cyber Monday sales top $3 billion as discounts spur buyers
Mobile devices accounted for 26 percent of online sales, according to the Adobe Digital Index report, based on data from 200 million visits to 4,500 retail websites on what is traditionally the busiest day of the year for Internet shopping. Top-selling items included Lego Star Wars, the Barbie Dream House, Samsung 4k television sets and Apple Inc's (AAPL.O) iPad Mini. A spike in online sales on the first Monday after the U.S. Thanksgiving weekend was originally attributed to fast Internet connections in the office, which persuaded shoppers to wait out Black Friday and make purchases online from their workplace.

Fed should be explicit in spelling out gradual pace of rate hikes: Evans
The Federal Reserve should use the communication tools at its disposal at its December meeting to spell out a gradual pace of rate increases, Chicago Federal Reserve President Charles Evans said on Tuesday. Asked by reporters following remarks to a local business group in Michigan if the Fed should emphasize gradual rate increases in its December statement, economic projections or at Chair Janet Yellen's press conference, Evans said all would be helpful.

Why OPEC's plan to balance oil markets backfired
Instead of falling off as OPEC hoped, oil production has increased from where it was last year, and the world is still swimming in crude.

Report: Drug maker was focused on profits, not patients
The makers of a breakthrough drug for hepatitis C put profits before patients in pricing the $1,000 pill that cures the liver-wasting disease, Senate investigators said Tuesday. A bipartisan report from ...

Why Apple wants into the unprofitable world of payments between friends
An upcoming iPhone feature, which will let users send money to friends, is expected to be an unprofitable way to boost adoption of Apple Pay.

UnitedHealth CEO defends possible exit of Obamacare exchanges
UnitedHealth will examine each product and region where it sells individual plans on the exchanges during the first half of 2016 and decide where to exit, CEO Stephen Hemsley said. The company has about 500,000 customers on the exchanges, which were created under the Affordable Care Act. The insurer announced in November that its losses on the exchanges were unsustainable and it might drop out of the Obamacare exchange business.

Lew: U.S. to ensure dollar remains top reserve currency
Treasury Secretary Jacob J. Lew said the U.S. intends to ensure the dollar stays the world’s leading reserve currency a day after the International Monetary Fund elevated the Chinese yuan into a basket alongside the dollar, euro, yen and pound.

Amazon gadget sales more than triple over Thanksgiving weekend Inc said sales of its electronic gadgets more than tripled over the Thanksgiving weekend from last year, with the Fire tablet the top-selling product. Sales of the 7-inch tablet more than tripled, ...