TOP STORIES
PRIVATE SECTOR JOBS RISE 190,000 IN AUGUST, ADP REPORT SAYS
Private-sector payrolls in August expanded at a more
modest-than-expected clip, according to an employment survey
released Wednesday.
U.S. PRODUCTIVITY INCREASES AT 3.3% PACE IN SECOND QUARTER
U.S. worker productivity advanced this spring, reflecting a
bounce back in economic activity following a slow start to
2015.
GLOBAL STOCKS TRY TO REGAIN FOOTING
U.S. stock markets rebounded Wednesday after falling sharply in
the previous session on deepening worries about China.
EU APPROVES SHELL'S TAKEOVER OF BG GROUP
Oil giant Royal Dutch Shell cleared a significant hurdle in its
planned takeover of natural gas firm BG Group after Europe's top
antitrust regulator approved the deal unconditionally.
REBEKAH BROOKS TO LEAD NEWS CORP'S U.K. ARM
News Corp said Wednesday that Rebekah Brooks will become Chief
Executive of its News UK arm, returning to the post she resigned in
2011 amid the phone-hacking scandal at now-defunct British tabloid
the News of the World.
TESCO NEARS $7 BILLION KOREA DEAL
Retailer Tesco has chosen Asian private-equity firm MBK Partners
as the preferred bidder to buy its South Korea retail operations,
in a deal that could be worth up to $7 billion.
TRADERS RAIN ON BEIJING'S VICTORY PARADE
Sellers and buyers staged a stock-market tug-of-war in Shanghai,
leaving shares down slightly ahead of China's World War II military
parade.
NAVISTAR LOSS WIDENS
Truck maker Navistar's loss widened in its most recent quarter
as revenue tumbled a worse-than-expected 11%, and the company said
it will accelerate cost cutting.
SEARS CANADA POSTS PROFIT ON REAL-ESTATE SALES
Sears Canada reported a second-quarter profit, fueled by a gain
related to property sales, while revenue and same-store sales
fell.
TUPPERWARE EXPECTS SALES AT HIGH END OF GUIDANCE
Tupperware expects to come in at the high end of its sales
guidance for the current quarter amid improvement in Indonesia,
France and Italy, though the company forecast a higher hit from
currency fluctuations.
VALEANT AGREES TO ACQUIRE SYNERGETICS
Valeant agreed to acquire precision surgical devices supplier
Synergetics USA for at least $166.2 million, in a deal that aims to
boost Bausch & Lomb's global presence in vitreoretinal
surgery.
FORMER INTEL GADGET SPECIALIST TO HEAD SILVER SPRING NETWORKS
Michael Bell will become chief executive of Silver Spring
Networks and spearhead efforts to diversify into technology for the
"Internet of Things."
BAIN CAPITAL TO TAKE MINORITY STAKE IN SUNDIAL BRANDS
Private-equity firm Bain Capital is taking a minority stake in
Sundial Brands, a maker of personal-care products that are
predominantly purchased by African-American consumers.
COPPER RISES AHEAD OF CHINA HOLIDAY
Copper futures were slightly higher, as short sellers covered
their positions ahead of a national holiday in China, even as
concerns about growth in the world's biggest consumer of metals
continued to overshadow the market.
PUERTO RICO'S POWER AUTHORITY REACHES DEAL WITH BONDHOLDERS
Puerto Rico's power authority said Wednesday that it agreed to
the terms of a restructuring plan with a group of bondholders, who
are slated to receive 85% of the value of their existing bonds.
POLISH CENTRAL BANK HOLDS RATES
The National Bank of Poland has left its interest rates
unchanged, in line with expectations and its earlier guidance.
AUSTRALIA POSTS SLOWEST QUARTERLY GROWTH IN FOUR YEARS
Australia's growth weakened, as fading investment in the mining
sector and falling export revenue continued to put a brake on the
economy.
G-III RAISES GUIDANCE AS RESULTS TOP VIEWS
G-III Apparel Group raised its earnings guidance for the year as
sales and earnings in the latest quarter grew more than Wall Street
had expected.
FOCUS MEDIA COMES UP WITH NEW RELISTING PLAN
The Chinese outdoor-advertising-display company, which delisted
in the U.S. in 2013, plans a "reverse merger" with Shenzhen-listed
Hedy Holding, after abandoning one with another Shenzhen-listed
company.
DEUTCHE BANK CHIEF HINTS AT REDUCING STAKE IN CHINESE LENDER
Deutsche Bank's outgoing co-chief executive, Jü rgen Fitschen,
confirmed the cornerstones of the bank's new strategy while fueling
speculation that the bank might reduce its 20% stake in China's
lender Hua Xia.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Technology
HUAWEI RINGS IN CHANGES TO CHALLENGE SAMSUNG
For years, Samsung Electronics has been the world's smartphone
leader, but its global dominance appears to be increasingly under
attack from fast-growing Chinese rival Huawei Technologies.
Markets Main
MARKET BETS ABOUND, BUT WHERE ARE THE BANKS?
As Wall Street brims with tales of hedge-fund fortunes made and
lost amid recent market gyrations, banks have been stuck on the
sidelines, hamstrung by postcrisis rules governing what risks they
can take.
(END) Dow Jones Newswires
September 02, 2015 10:00 ET (14:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.