Of course, the Ghosn story is far more than a personal one. As the architect of the tenuous Nissan-Renault-Mitsubishi alliance, Ghosn is seen as the “linchpin” of the three-company partnership, and his arrest is already causing major headaches for all three automakers – Bloomberg and WSJ and MarketWatch

Disney announced on Monday that Chinese regulators have signed off (without conditions) on its purchase of 21st Century Fox assets, another box checked off on Big Mouse’s march to complete the $71.3 billion deal – NYTimes and WSJ

France’s Societe Generale has agreed to pay $1.34 billion to resolve allegations by federal and NY state authorities that it “processed and concealed billions of dollars in transactions related to countries under sanctions” between 2003 and 2013 in violation of U.S. law – WSJ and Bloomberg and Law360

Fed Vice Chair Randal Quarles appears poised to succeed BOE Governor Mark Carney as new chair of the Financial Stability Board, a “key global financial regulator.” Quarles would head the FSB for a 3-year term while retaining his day job at the Fed, and Dutch central bank president Klaas Knot would be his deputy – Bloomberg

In a rare move, GE is bringing back a former top exec—this time, Jeff Immelt lieutenant John Rice—to help “oversee a restructuring at its problematic power division,” which is slated to be split into natural gas and coal/nuclear units under CEO Larry Culp’s plans – WSJ

Uhhh.  About that $5k bitcoin floor . . . – Bloomberg and MarketWatch

Two former Merrill Lynch traders indicted this summer on spoofing charges are questioning the core nature of the government’s case against them, telling the Court in their respective motions to dismiss that spoofing isn’t fraud at all but merely a commonly used “disruptive practice” – Law360

Mega wedding retailer David’s Bridal has filed for Chapter 11 bankruptcy protection in an effort to address its debt load of more than $800 million and a cultural shift that includes “sliding marriage rates, intense price pressures on dresses, and . . . easy online ordering” – NYTimes and Law360

Some thoughts about Amazon’s runaway success from economist William Lazonick, with a particular focus not on the company’s size but its largely road-less-traveled resource-allocation strategy: retaining profits and reinvesting rather than “cutting payrolls and distributing corporate cash to shareholders as dividends and buybacks” – NYTimes

As we head into the long weekend, I hope you’ll have some time to enjoy this feature on washi (or Japanese paper), which, despite the seemingly all-encompassing reach of the digital age, continues to thrive in the island nation – NYTimes

Have a wonderful Thanksgiving.  We’ll see you back here on the 26th.

MDR