TOP STORIES
DILMA ROUSSEFF OUSTED IN BRAZIL IMPEACHMENT VOTE
Dilma Rousseff, a former leftist guerrilla who defied a
dictatorship but struggled as Brazil's president amid a troubled
economy and a fractious political climate, was removed from office
following an impeachment trial she condemned as a coup d'é tat.
U.S. CHALLENGES DEERE'S PLANNED DEAL WITH MONSANTO
The Justice Department sued to block Deere's planned acquisition
of a line of high-tech farming equipment from Monsanto, saying the
deal would suppress competition for high-speed planting
technology.
U.S. STOCKS END DOWN, LED LOWER BY ENERGY SHARES
U.S. stocks slipped Wednesday amid a slump in oil prices,
closing out what traders have described as an eerily calm August
with slight monthly losses.
OIL PRICES FALL ON U.S. CRUDE STOCKPILE INCREASE
U.S. oil prices tumbled Wednesday, settling 3.6% lower, after
weekly inventory data showed that inventories of crude oil and
petroleum products increased to a record high.
FRENCH CARRIER ORANGE PURSUES STAKE IN IRANIAN WIRELESS FIRM
France's Orange SA is in preliminary talks to acquire a stake in
Iran's largest cellular operator in what would mark the first
significant deal involving a Western firm and a major Iranian
company since nuclear sanctions were lifted in January.
TREASURY'S LEW CRITICIZES DECISION TO ISSUE APPLE $14.5 BILLION TAX BILL
U.S. Treasury Secretary Jacob Lew took the European Union to
task for its decision to levy a $14.5 billion tax bill on tech firm
Apple Inc. Tuesday, saying the move amounted to a swipe at the U.S.
tax base.
DEUTSCHE BANK LOOKS AT WAYS TO REV UP ITS REVAMP
Executives at Deutsche Bank are contemplating dramatic options
for the German lender, including selling all or part of a key
business, a sign of growing pressure to speed up a flagging
overhaul. One idea considered was a merger with Germany's
Commerzbank, but that was deemed not viable.
TESLA TO PAY $422 MILLION TO BONDHOLDERS
Tesla Motors will pay out nearly a half-billion dollars to
debtholders in the third quarter and raise additional funds by the
end of the year to support a proposed merger and pay for the
development of a cheaper electric car.
UNITED CEO, HEALTH REGAINED, LOOKS TO REBUILD AIRLINE'S MOMENTUM
United Continental CEO Oscar Munoz, five months after returning
from medical leave, said in an interview that he now has the
management team in place to regain positive momentum for the
struggling carrier.
FED'S LACKER, GEORGE TO TESTIFY ON CAPITOL HILL NEXT WEEK
Two regional Federal Reserve bank presidents who oppose proposed
operational changes to their institutions will testify at a
congressional hearing on the topic next week.
U.S. PENDING HOME SALES INDEX ROSE 1.3% IN JULY
A measure of homes under contract for sale rose in July, a sign
of steady demand amid low interest rates and rising employment.
ADP REPORTS 177,000 INCREASE IN AUGUST PAYROLLS
Private U.S. employers continued to hire at a solid clip in
August, the latest sign that the nation's labor market remains
robust even if job creation is moderating.
MATTEL'S AMERICAN GIRL TO BE SOLD AT TOYS 'R' US
Mattel will begin selling its American Girl products in Toys "R"
Us stores, in an extension of its doll brand.
RBC CAPITAL AGREES TO SEC SETTLEMENT
RBC Capital Markets LLC agreed to pay more than $2.5 million to
settle accusations that it provided a client with false and
misleading information about its valuation analysis, which was then
included in a proxy statement.
SPORTS AUTHORITY EXECUTIVES WIN BANKRUPTCY BONUS FIGHT
Judge approves $1.5 million in bonuses to three Sports Authority
executives after refusing an earlier version of the bonus proposal,
which called for payments of up to $2.85 million to four top
executives.
CALL-CENTER SOFTWARE PROVIDERS GENESYS, INTERACTIVE INTELLIGENCE TO MERGE
Call-center software company Genesys said it agreed to buy rival
firm Interactive Intelligence Group for roughly $1.4 billion, as it
seeks to bulk up amid a changing consumer landscape.
CANADA'S GDP CONTRACTS IN SECOND QUARTER
The Canadian economy shrank in the second quarter, as wildfires
in Alberta contributed to the worst quarterly showing in seven
years.
EU PLANS NEW LEGISLATION TO PROTECT PUBLISHERS
The EU's executive branch will propose formal legislation that
would help publishers seek remuneration from news aggregators such
as Alphabet's Google news search that list snippets of articles on
their website.
BOSTON FED WARNS OF INTEREST-RATE 'TRADE-OFF'
The Federal Reserve may be nearing an uncomfortable trade-off
between what it wants to do for the economy and what needs to be
done to achieve stability in the financial market, Federal Reserve
Bank of Boston President Eric Rosengren warned on Wednesday.
FED'S EVANS SAYS MONETARY POLICY NOT AS ACCOMMODATIVE AS IT SEEMS
The low natural rate of interest means monetary policy isn't as
accommodative as it seems, said Charles Evans, president of the
Federal Reserve Bank of Chicago, in prepared remarks Wednesday
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Politics and Policy
HIGH COURT REJECTS NORTH CAROLINA APPEAL TO REVIVE VOTING RULES
A divided Supreme Court rejected an emergency appeal by North
Carolina seeking to revive stricter state voting rules, which
reduced the number of days for early voting and required photo
identification at the polls.
Business
INSURERS MOVE TO LIMIT OPTIONS IN HEALTH-CARE EXCHANGE PLANS
Under intense pressure to curb costs that have led to losses on
the Affordable Care Act exchanges, insurers are accelerating their
move toward plans that offer limited choices of doctors and
hospitals.
(END) Dow Jones Newswires
August 31, 2016 17:00 ET (21:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.