The Morning Wrap

Holiday Shopping: Retailers on Friday said opening their doors on Thanksgiving to begin the holiday shopping season was a success, Reuters reports. "There'll be an expansion of it next year," said Liz Ebert, retail lead at consulting firm KPMG LLP.

Facebook Concerns: A key European regulator on Friday said parts of Facebook Inc.'s proposed new privacy policy don't align with European Union law, The Washington Post reports. "We've already engaged with Facebook," said Gary Davis, deputy data protection commissioner in Ireland. "We expect Facebook to be reverting [to previous policies] on these issues." Under the changes, advertisers would have more data on users who don't explicitly allow Facebook to share their information, privacy advocates said.

Outside Investments: The effort of Jacoby & Meyers to overturn New York state's ban on outside investments in law firms was revived last week, the New York Law Journal reports. The U.S. Court of Appeals for the Second Circuit vacated a lower court's order that threw out the firm's challenge.

Climate Talks: Following Hurricane Sandy and severe U.S. heat waves, climate activists are cautiously optimistic that the United States will be more active in U.N. climate talks when they resume on Monday, The Associated Press reports. "I think there will be expectations from countries to hear a new voice from the United States," said Jennifer Morgan, director of the climate and energy program at the World Resources Institute in Washington.

The Jacksons: Rev. Jesse Jackson Sr., who has made headlines over the years for helping people in trouble, appears to be struggling with how to cope with the crisis unfolding for his son, former Representative Jesse Jackson Jr. (D-Ill.), The New York Times reports. The younger Jackson, who is grappling with bipolar disorder and a federal criminal investigation, announced on Wednesday he is resigning from Congress. “For such a powerful man, for such an influential man, to not be able to control the outcome of what’s going on, I’m sure, is frustrating,” said Chicago Alderman Roderick Sawyer, who has known the Jacksons for decades.