- Splintered Spanish vote points to fraught coalition talks (Reuters)
- Brent Oil Falls to 11-Year Low in London as Global Glut Persists (BBG)
- Oil prices hit lowest since 2004 as supply balloons (Reuters)
- U.S. Probes Theranos Complaints (WSJ)
- Driver plows onto Las Vegas Strip sidewalk 'like bowling ball', one dead (Reuters)
- Yellen, Bull Markets and Extinction in a Seven-Year Stock Rally (BBG)
- Twitter account of pharmaceutical executive Shkreli hacked (Reuters)
- Azerbaijan's Shift to Free Float Sends Manat to 20-Year Low (BBG)
- Banker Bonuses Have Nowhere to Hide Under EU's Final Pay Rules (BBG)
- Martin Shkreli Says Drug-Price Hikes Led to Arrest (WSJ)
- As Pot-Growing Expands, Power Demands Tax U.S. Electricity Grids (BBG)
- Miss Universe host announces wrong winner before Miss Philippines crowned (Reuters)
- Bezos Takes Hands-On Role at Washington Post (WSJ)
- FIFA Bans Blatter and Platini From Soccer for Eight Years (BBG)
- Some of China's most wanted live openly in U.S. and Canada (Reuters)
- Trump calls Clinton 'liar' for Islamic State recruiting claim (Reuters)
- Iranian Hackers Infiltrated New York Dam in 2013 (WSJ)
Overnight Media Digest
WSJ
- Iranian hackers infiltrated the control system of a small dam less than 20 miles from New York City two years ago, sparking concerns that reached to the White House, according to former and current U.S. officials and experts familiar with the previously undisclosed incident. (http://on.wsj.com/1OFc140)
- In Martin Shkreli's first interview since he was charged Thursday for allegedly misleading investors in his hedge funds and raiding a public company to cover the losses, Shkreli told The Wall Street Journal he had been targeted by authorities for his much-criticized drug-price hikes and over-the-top public persona. (http://on.wsj.com/1kbByJV)
- U.S. health regulators are investigating complaints about laboratory and research practices at Theranos Inc by two former employees of the blood-testing startup company, according to people familiar with the inquiries. (http://on.wsj.com/1YqgO43)
- Shari Redstone's father, 92-year-old Sumner Redstone, offered her a deal, in November 2014, worth $1 billion for her 20 percent stake in National Amusements Inc, the holding company through which he controls media giants Viacom Inc and CBS Corp, the Wall Street Journal reported citing people familiar with the matter. (http://on.wsj.com/1QE4KHP)
FT
Rolls-Royce Holdings Plc Chief Executive Warren East said he feels "disquiet" about trading conditions in the unit that supplies power systems for the mining and offshore oil industries. "If you look at our competitors in our reciprocating engines part of the business, there have been some fairly serious downgrades on next year," East said in an interview with the Financial Times.
HSBC Holdings Plc has appointed Rothschild to help manage the restructure of its private banking arm, according to people familiar with the process, after the bank's Swiss unit came under fire earlier this year for helping rich customers dodge taxes.
Chinese investment group Fosun International Ltd said it would withdraw its offer to buy wealth management group BHF Kleinwort Benson.
NYT
- Governor Andrew M Cuomo of New York said on Sunday that he would seek out and pardon thousands of people who were convicted of nonviolent crimes as teenagers but have since led law-abiding lives. (http://nyti.ms/1PjkfU4)
- In an astounding display of cultural and commercial domination on a global scale - one with little precedent in the history of Hollywood - the Walt Disney Company's "Star Wars: The Force Awakens" earned roughly $517 million in worldwide ticket sales, smashing multiple box office records. (http://nyti.ms/1RzhHmm)
- The Federal Aviation Administration plans to open a website on Monday for a mandatory registration drone registration program, aimed at improving safety by making people more accountable for their use of remote-control flying machines. (http://nyti.ms/1OFrQYr)
- The Egyptian government took the unusual step on Sunday of releasing a 23-year-old student, Esraa al-Taweel, held on charges of belonging to a banned Islamist movement, in a rare bow to public pressure after photos of the student sobbing and hobbling on crutches went viral on social media. (http://nyti.ms/1Ij5KP0)
Canada
THE GLOBE AND MAIL
** Canadian Provinces are trying to push the federal government's $36-billion health-transfer program onto the agenda of this week's finance ministers' meeting in Ottawa, with some calling for a new formula that shifts more cash to provinces with older populations. (http://bit.ly/1JnTnft)
** The Canadian Environmental Assessment Agency has restarted its review of a proposal to export liquefied natural gas from British Columbia after a delay that lasted more than six months. (http://bit.ly/1QELEBq)
** Canada's business leaders aren't enamoured with the new federal Liberal government's approach to business, although they are attracted by its "sunny ways". The latest quarterly C-Suite Survey shows that almost 60 per cent of corporate executives feel the election of a new government led by Prime Minister Justin Trudeau is negative for business. Eleven percent think it will be strongly negative. (http://bit.ly/1YvysOx)
NATIONAL POST
** Canada's defence minister, Harjit Sajjan, is visiting Iraq, just days after Canadian military forces helped push back a major Islamic State of Iraq and the Levant offensive. (http://bit.ly/1m3tNYj)
** Ontario is looking for federal government guidance on regulating clinics that sell medical marijuana and on how pot should be sold for recreational use once it's legalized. (http://bit.ly/1PfRg1I)
Britain
The Times
Shire Plc could sweeten a bid for Baxalta Inc , an American rival specialising in blood diseases, by offering 8 billion pounds ($11.92 billion) in cash as part of what was a 19 billion pounds ($28.32 billion) all-share bid. (http://thetim.es/1kbekDJ)
Ken Morrison, former chairman of Morrisons, has built a 6 million pounds ($8.94 million) stake in J Sainsbury Plc - and given Mike Coupe, its chief executive, his public backing. (http://thetim.es/1kbez1q)
The Guardian
British employers expect to keep hiring permanent staff in 2016 but are cautious about offering meaningful pay rises, according to a survey from employers' group Confederation of British Industry (CBI). (http://bit.ly/1kbeQBs)
The UK government's proposed immigration bill, due to have its first reading in the House of Lords this week, will hand "unbelievable control to traffickers" and make it harder for people to escape slavery in the country, campaigners have warned. (http://bit.ly/1kbf6QV)
The Telegraph
A team made up of five suitors, including Wren House Infrastructure, an arm of the Kuwait Investment Authority, is believed to be on a shortlist of bidders that will be invited to make second-round offers for London City Airport in February. The group also includes Canadian funds Ontario Teachers' Pension Plan (OTPP), Borealis Infrastructure, AIMCo and Hermes, the British investment manager. (http://bit.ly/1kbfQps)
Capital Group, one of the biggest investors in BG Group Plc , has sold almost 100 million pounds ($149.03 million) of shares in the oil and gas business in the past week, raising questions about its view of the company's 55 billion pounds ($81.97 billion) takeover by Royal Dutch Shell. (http://bit.ly/1kbg3sv)
Sky News
Drivers who use mobile phones behind the wheel will be hit with increased fines and points under new government proposals. Offenders would see a rise from three to four penalty points on their licence and a rise in fines from 100 pounds ($149.03) to 150 pounds ($223.55). (http://bit.ly/1kbgovl)
The Independent
The Liberal Democrat leader, Tim Farron, has claimed that his Cumbrian constituents cannot afford flood insurance even though a deal between the industry and the UK government was supposed to make cover affordable since 2001. (http://ind.pn/1kbgxyU)
The government failed thousands of steel workers by not being alert to alarms raised by the industry, according to a group of MPs. Other European countries were far better prepared and took action to safeguard their steel industries, but there was "little action" from the UK government, said a report published by the Commons Business Select Committee. (http://ind.pn/1kbgSSf)