TOP STORIES
MYLAN BOOSTS PRICE ASSISTANCE FOR EPIPEN AMID BACKLASH
Mylan responded to backlash over the price of its EpiPen by
promising to reduce the costs that some patients pay, though
stopped short of saying it would cut prices.
VOLKSWAGEN REACHES PACT WITH DEALERS HURT BY EMISSIONS SCANDAL
Volkswagen has reached an accord with about 650 U.S. franchise
dealers affected by its diesel-emissions crisis but is struggling
to convince regulators to accept a fix for some half a million
polluting vehicles still on U.S. roads, even if they can't be made
fully compliant with emissions regulations.
STOCKS SLIP AS FED'S JACKSON HOLE MEETING EYED
U.S. stocks drifted lower, with market attention focused on the
Federal Reserve's annual meeting at Jackson Hole, Wyo.
WHATSAPP TO SHARE USER DATA WITH FACEBOOK
WhatsApp will start sharing data with Facebook, a policy shift
after vowing few changes when the social network bought the
app.
DOLLAR STORES' SAME-STORE SALES DISAPPOINT
The nation's two biggest dollar-store chains gave a downbeat
assessment of the health of the nation's poorest shoppers, who are
being squeezed by rising rents and health-care bills.
VIVENDI PLANS COST CUTS AT TV UNIT
European media group Vivendi SA is cutting €300 million in costs
from its pay-TV unit Canal Plus in the company's latest effort to
combat competition for sports rights and from online video
services.
CANADA'S LARGEST BANKS REPORT HIGHER EARNINGS
Canada's largest banks, signaling that their exposure to failing
energy loans is under control, reported higher third-quarter
earnings.
SEC MOVES CLOSER TO FINISHING ASSET-MANAGEMENT RULES
U.S. securities regulators are inching closer to completing
postcrisis rules designed to boost oversight of the
asset-management industry.
WELLS FARGO TO PAY HOMEOWNERS OVER MAILING ERROR
Mortgage lender Wells Fargo Bank NA has agreed to pay $3.45
million over a processing error that delayed letters to nearly
8,000 homeowners in bankruptcy, shortening the notice time they got
about changes to their monthly mortgage payment amounts.
BARCLAYS CLOSE TO HAT TRICK OF DEALS
Barclays is set to announce the completion of the sale of its
Italian retail business in the coming days, and the bank is in
advanced discussions with two bidders for its Egyptian
franchise.
U.S. DURABLE-GOODS ORDERS REBOUNDED IN JULY, JUMPING 4.4%
Demand for long-lasting factory goods rebounded in July-with
durable-goods orders leaping 4.4%-in a sign the manufacturing
sector could continue to stabilize in the second half of the
year.
U.S. GOVERNMENT CUTS OFF NEW FUNDING FOR ITT TECH
The Obama administration has ordered the for-profit education
chain ITT Technical Institute to stop enrolling new students that
use federal loans and grants, amid allegations of deceptive
marketing.
AUTODESK RAISES ANNUAL VIEW
Autodesk Inc. raised financial projections for the year as
results for the most recent period beat projections.
U.S. JOBLESS CLAIMS FALL FURTHER
The number of Americans applying for their first week of
unemployment compensation fell again last week, the latest sign
that a strengthening labor market is helping the economy rebound
from a sluggish first half of the year.
REPORT: STARTUP USED IPHONE BUG TO ALLOW SPYING
Security researchers say a little-known Israeli startup
exploited previously unknown bugs in Apple's smartphone software to
help foreign governments spy on their citizens.
FIRST NATIONAL BANK OF OMAHA TO PAY $35 MILLION OVER CREDIT-CARD PRACTICES
First National Bank of Omaha will pay more than $35 million to
settle claims by two regulators that it deceived credit-card
customers into paying for add-on services, some of which they never
received.
MICHAELS CUTS OUTLOOK AFTER 'CHOPPY' ENVIRONMENT IN FIRST HALF
Arts and crafts retailer Michaels Cos. lowered its same-store
sales forecast for the year amid a tough retail environment, as it
said increased spending dented higher sales in the latest
period.
SEARS POSTS LOSS AS LAMPERT PROVIDES MORE AID
Sears Holdings posted another quarterly loss amid sliding sales,
and the retailer said it would accept another $300 million of help
from its chief executive's hedge fund.
CHINA SET TO LAUNCH SHENZHEN-HONG KONG STOCK-TRADING LINK IN DECEMBER
China is aiming to launch a much anticipated stock-trading link
between Shenzhen and Hong Kong around mid December, allowing global
investors access to the country's tech-heavy exchange.
FED'S KAPLAN SAYS CASE FOR RATE RISE GETTING STRONGER
Federal Reserve Bank of Dallas President Robert Kaplan said
Thursday the U.S. central bank is edging closer to a rate rise, but
he declined to say when it might happen.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Experiential
FED MISSTEPS FUELED 2016 POPULIST REVOLT
Once admired as wise and deft, the U.S. central bank failed to
foresee the financial crisis and has struggled in its aftermath,
fostering the rise of populism and distrust of institutions.
Markets Main
PUERTO RICO'S PENSIONS: $2 BILLION IN ASSETS, $45 BILLION IN LIABILITIES
One of the thorniest tasks awaiting a seven-member board charged
by Washington with cleaning up Puerto Rico's debt crisis is
deciding how to balance a $70 billion debt load with nearly $43
billion in unfunded pension liabilities.
(END) Dow Jones Newswires
August 25, 2016 17:00 ET (21:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.