Bloomberg lays off dozens
New York Observer: Bloomberg News laid off dozens of staffers and eliminated some positions today in an effort to shift resources within the company.
From the Wires
Walmart holds food drive for its own employees
Business Insider: A Cleveland Walmart is holding a Thanksgiving food drive for its own employees.
Dow, S&P hit record highs
Reuters: The Dow and S&P 500 extended their record highs on Monday, ticking above 16,000 and 1,800 respectively.
Doping coverup included top officials, Armstrong says
CNN: Lance Armstrong claims former Union Cycliste Internationale (UCI) president Hein Verbruggen was directly involved in covering up his positive test for corticosteroid during the 1999 Tour de France.
Post office loses $5B in past year
AP: The U.S. Postal Service lost $5 billion over the past year, its seventh straight annual loss.
Retired union workers facing ‘unprecedented’ pension cuts
CNNMoney: Hundreds of thousands of retired union workers are facing pension cuts that could reduce their monthly payments by more than half.
China to relax one child policy
BBC: China will loosen restrictions limiting most couples to having only a single child.
White House will let insurers continue canceled health plans
Wall Street Journal: President Obama says Americans who received insurance cancellation letters can keep their plans for one year.
Snapchat turns down $3B from Facebook
USA Today: Snapchat’s founders turned down an offer of more than $3 billion in cash from Facebook.
Hawaii 15th state to legalize gay marriage
KHON: Hawaii became the 15th state to legalize same-sex marriage.