- Rift Widens Within GOP in Battle for Control of Party (WSJ)
- Trump Courted a GOP Rebellion. Now He’s Got One (BBG)
- Xi Jinping Is Alone at the Top and Collective Leadership ‘Is Dead’ (WSJ)
- Dollar hits 3-1/2-month high vs. yen, boosted by Fed chair talk (Reuters)
- Congress Votes to Overturn CFPB Arbitration Rule (WSJ)
- Kaspersky says it obtained suspected NSA hacking code from U.S. computer (Reuters)
- Yellen Finds Unlikely Advocate at White House: Trump (BBG)
- China’s Markets Are Calm, but Its Traders Are Restless (WSJ)
- Inside Apple’s Struggle to Get the iPhone X to Market on Time (BBG)
- Massachusetts Mulls Switching to Atlantic Time—and Staying There (WSJ)
- Why Italy faces worst shock in Europe as ECB prepares to taper bond buys (MW)
- Bombardier reviewing CSeries deliveries due to UTC engine fixes (Reuters)
- Can Tesla Make Up for Autopilot’s Lost Year? (BBG)
- U.S. widens surveillance to include ‘homegrown violent extremists’ (Reuters)
- Do Democrats Really Need Wall Street? (Bill Moyers)
- The Bond Market’s Moment of Truth Is Now (BBG)
- Boeing revenue rises 1.7 percent (Reuters)
- Mall Operator Does the Unthinkable—Builds a Mall (WSJ)
Overnight Media Digest
WSJ
– The fault lines within the Republican Party cracked further on Tuesday as feuding between U.S. President Donald Trump and senators intensified within the U.S. Capitol, and anti-establishment activists claimed political momentum outside of it. on.wsj.com/2yQEZ3V
– A divided federal appeals court ruled the Trump administration must allow an undocumented teenager to leave government custody so she may seek an abortion. on.wsj.com/2yQF2wD
– Pritzker Group, the investment firm of wealthy Chicago brothers J.B. Pritzker and Tony Pritzker, is attempting to raise $1.5 billion for a new private-equity fund. on.wsj.com/2yPXKEr
– Lord & Taylor is selling its flagship New York City store for $850 million, a move that will convert most of the landmark building into office space and the headquarters of real estate startup WeWork Cos. on.wsj.com/2yOQV69
– Mike Hopkins will depart as Hulu’s chief executive and become the chairman of Sony Pictures Television. Randy Freer, who will leave his post as president and chief operating officer at Fox Networks Group, will replace Hopkins. on.wsj.com/2yNJfRO
FT
UK finance minister Philip Hammond denied on Tuesday that the government is about to borrow 50 billion pounds ($65.65 billion) to invest in housing at next month’s Budget, after communities minister Sajid Javid said at the weekend borrowing more to invest directly in homebuilding should be considered.
The National Audit Office has called on the Ministry of Defence to crack down on equipment suppliers that resist independent oversight of the costs factored into exclusive contracts.
Donald Tusk, one of the European Union’s most senior politicians, said that the outcome of Brexit talks is up to the UK and not Brussels, after Theresa May said she was waiting for the EU to decide on the future relationship.
British motoring group AA Plc is asking its former chairman Bob Mackenzie to pay back of 1.2 million pounds of bonuses after the emergence of a second allegation of public altercation involving the ousted boss.
England’s richest football clubs’ push for a change in the revenue model for overseas TV broadcasting rights was rebuffed on Tuesday by their domestic rivals when the Premier League called off a meeting of club executives to vote on the proposals saying there was “no consensus for change”.
NYT
– Senate Republicans voted on Tuesday to strike down a sweeping new rule that would have allowed millions of Americans to band together in class-action lawsuits against financial institutions. nyti.ms/2gAYenM
– The chief executive of the streaming service Hulu, Mike Hopkins, is leaving to become chairman of Sony Pictures Television, Hulu said on Tuesday. nyti.ms/2y3s3bE
– Twitter Inc said on Tuesday that it would bring more transparency to advertisements on its site, including political ads, in the latest response by a technology company to criticism about its role in spreading foreign propaganda during the 2016 presidential campaign. nyti.ms/2xnlsEv
– Republicans on the House Judiciary and Oversight Committees said they would formally examine the Justice Department’s investigation of Hillary Clinton’s emails during the term of former president Barack Obama. nyti.ms/2yLVspt
Canada
THE GLOBE AND MAIL
** Hudson’s Bay Co has a C$1 billion ($788 million) deal to sell its Lord & Taylor flagship store in New York to a joint venture that includes WeWork Cos. The retailer will also team up with the office sharing business to run its operations in parts of HBC’s stores. tgam.ca/2ixfxKK
** Quebec’s first diamond mine Renard’s diamonds are breaking in processing to a higher degree than the company expected, hurting both the price they’re fetching at auction as well as the stock of its owner, Stornoway Diamond Corp. tgam.ca/2iyxJDR
** Ontario’s securities watchdog is mulling whether to force public companies to set targets for the number of women in director positions and executive roles after participants at a roundtable event on Tuesday said current requirements don’t go far enough to compel meaningful change. tgam.ca/2iyxE31
NATIONAL POST
** Canadian National Railway Co said Tuesday it is on track to meet its year-end profit targets, while net profit decreased by one percent to C$958 million ($755 million) in the third quarter and the company’s operations face increased demand. bit.ly/2iy18xN
** The federal deficit is expected to shrink to well below earlier expectations on higher government revenues, according to Ottawa’s fall budget update, but some analysts warn future spending increases and economic headwinds could crimp Ottawa’s fiscal standing. bit.ly/2iyWBv9
Britain
The Times
– AA Plc has demanded that its former Chairman Bob Mackenzie hand back more than 1 million pounds in bonuses after allegations of a second incident of misconduct. bit.ly/2z5oli0
– Bondholders, pensions trustees and the banks have offered respite to Carillion Plc, offering the construction, caretaker and cleaning group a 190-million-pound lifeline through next year. bit.ly/2z3vdw8
The Guardian
– Britain’s biggest rent-to-own retailer, BrightHouse, faces a 14.8-million-pound bill to compensate nearly 250,000 customers as part of a clampdown on the sector by Britain’s financial regulator. bit.ly/2z6vGh2
– The rapid rise in UK consumer debt to 200 billion pounds from car finance, personal loans and credit cards is unsustainable at current growth rates and should raise “red flags” for the major lenders, ratings agency Standard & Poor’s has warned. bit.ly/2z4CU5d
The Telegraph
– Royal Bank of Scotland Group Plc has confirmed the sale of its stake in settlement house Euroclear to Intercontinental Exchange Inc for 275 million pounds ($360.99 million). bit.ly/2z5roXt
– BP Plc’s Norwegian oil and gas spin-off Aker BP ASA has grown its North Sea presence by a third in a $2 billion swoop on the Norwegian assets owned by US oil giant Hess Corp. bit.ly/2z4AdAW
Sky News
– Virgin Money Holdings (UK) Plc is lining up a former HSBC Holdings Plc executive Irene Dorner as its next chairman in an appointment that will complete the only all-female leadership team among the UK’s 350 biggest public companies. bit.ly/2iwHq5z
– Draper Esprit Plc will announce on Wednesday that it has bought two investment funds from Seedcamp, an early-stage investor which has backed hundreds of companies, Sky News reported. bit.ly/2iyjzCy
The Independent
– The President of the European Council Donald Tusk on Tuesday said Brexit negotiations could end in “no Brexit” if the British government wanted to, suggesting that the UK could still decide to reverse Brexit. ind.pn/2iwkFyK