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Dow Chemical and Dupont are in advanced talks to merge. They are two of America's oldest companies, worth $120 billion together.
is reportedly giving up on spinning off its Alibaba stake. Instead, the company is looking into selling its core Internet business.
Anglo American is cutting 85,000 jobs, two-thirds of its workforce. A quarter of a million jobs have been lost in oil and mining in the commodity bust.
Person of the Year
The editors at Time Magazine picked Angela Merkel as the person who most made news this year. Readers voted overwhelmingly voted for Bernie Sanders.
Quote of the Day:
"Self-confidence seems to brim only in Silicon Valley. Across the American business world, the goal is to cut costs, consolidate, do more with less." -Dennis K. Berman, financial editor at The Wall Street Journal.
Daily Top Headlines:
Animation: Lewis Clinch
Script: Isabelle Roughol, Katie Carroll
Art: Jacqueline Zaccor
Producer: Florencia Iriondo