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)