The Volkswagen Auto Group came under fire in 2015 for a massive cheating scandal which affected 2.1 million Audi vehicles. Now, four months after the court has granted final approval for a $14.7 billion settlement, U.S. regulators found software in some Audi cars which detected when a car was under test conditions to lower their carbon dioxide emissions. As the German carmaker looks to cut a deal with the U.S. Department of Justice, how bad is the news for Volkswagen?

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GOOGLE FORMALLY REJECTS EU ANTITRUST CHARGES

Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines..

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JOB GROWTH SURGE, RISING WAGES, SIGNALS LIKELY RATE HIKE IN DECEMBER

U.S. employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the Federal Reserve.

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Closing Bell

-Friday, November 4th

Markets Close Lower as Presidential Race Tightens

Big Insider Trades

– Columbia Sportswear, Co. (COLM) Director Sarah Bany Sells $1.2m

– Fiserv, Inc. (FISV) President Devin McGranahan Buys $1.5m