TOP STORIES
SABMILLER REJECTS FRESH $104 BILLION AB INBEV PROPOSAL
SABMiller rejected a takeover proposal from Anheuser-Busch InBev
that valued it as high as $103.88 billion, the latest salvo in what
is quickly becoming a tense negotiation between the world's No. 1
and No. 2 brewers.
GLOBAL STOCKS BOOSTED BY ENERGY SHARES
Global stocks were mostly higher following a rebound in
commodity prices that boosted shares in energy and mining
companies.
VW TO LAUNCH RECALL IN JANUARY
Volkswagen said it will launch a massive recall in January of
vehicles that have been affected by the emissions test scandal. The
recall is expected to be completed by the end of 2016.
CANADIAN OIL SANDS ADOPTS POISON PILL IN WAKE OF HOSTILE SUNCOR BID
Canadian Oil Sands adopted a poison pill antitakeover measure
two days after Suncor Energy launched a hostile bid for the
company.
PANDORA TO BUY TICKETFLY FOR $450 MILLION
Web radio service Pandora Media has agreed to acquire ticket
seller Ticketfly in a deal valued at $450 million.
SAMSUNG EXPECTS EARNINGS REBOUND POWERED BY CHIPS
Samsung's upbeat third-quarter guidance highlights how its
components arm has become a key driver of growth, but even that
business faces headwinds as the global supply of chips appears set
to outpace demand.
MONSANTO TO CUT 2,600 JOBS IN RESTRUCTURING
Biotech seed giant Monsanto said it planned to restructure and
cut about 2,600 jobs as its loss widened in its latest quarter,
hurt again by weaker corn-seed sales.
TESCO SWINGS TO LOSS ON KOREA COSTS
Tesco fell to an interim net loss as Britain's largest retailer
incurred costs related to the sale of its Korean business but said
it is regaining its competitive position in its home market.
IRAN'S SUPREME LEADER BARS FURTHER TALKS WITH U.S.
Nuclear deal signed in July had raised hopes of further talks to
tackle crises in Iraq, Syria and elsewhere in the Middle East.
RUSSIA ANNOUNCES FIRST STRIKES IN SYRIA FROM WARSHIPS
Russian President Vladimir Putin said the conflict in Syria
should conclude with a political solution, as his defense minister
announced Russia's first strikes in Syria from warships.
GERMAN INDUSTRIAL OUTPUT SLUMPS
German industrial output slumped in August, in yet another sign
that slower growth in China and recessions in other key developing
countries are starting to dent Europe's powerhouse.
APPLE SUPPLIER MURATA TO EXPAND DESPITE SLOWDOWN TALK
Apple parts supplier Murata Manufacturing said it would build a
new, $100 million factory in Japan, defying widespread worries a
slowdown in China's economy could damp smartphone sales.
BOJ KEEPS POLICY UNCHANGED
The Bank of Japan stood pat on policy despite growing signs of
trouble in the economy, opting to further examine whether the
nation's price trends are faltering.
NORWEGIAN AIR PLANS U.S. EXPANSION EVEN IF BLOCKED BY REGULATORS
Norwegian Air Shuttle will accelerate its trans-Atlantic
expansion even if U.S. regulators reject its controversial bid to
operate flights using an Ireland-based subsidiary, its chief
executive said.
CONSTELLATION BRANDS PROFITS JUMP
Constellation Brands on Wednesday said profit jumped in its
latest quarter and raised its earnings outlook for the current year
as the liquor company continues to benefit from strong beer
sales.
GE TO PRODUCE HEATING, AC UNIT AT KENTUCKY PLANT
General Electric said Wednesday that its appliance division will
begin producing a new heating-and-air-conditioning unit at its
Louisville, Ky., plant, in a move expected to create 75 new
jobs
BOMBARDIER, AIRBUS 'BUSINESS OPPORTUNITIES' TALKS END
Airbus and Bombardier said late Tuesday that talks between the
two jet makers over possible "business opportunities" have
ended.
DEUTSCHE WOHNEN'S LEG TAKEOVER OFFER BACKED BY SHAREHOLDER ADVISER
Influential shareholder adviser Institutional Shareholder
Services has come out in favor of a takeover of German real-estate
company LEG Immobilien by larger domestic rival Deutsche
Wohnen.
NOKIA OUTLINES STRUCTURE FOR ALCATEL-LUCENT TAKEOVER
Nokia laid out management and organizational plans for the group
as it prepares for the completion of its €15.6 billion ($17.6
billion) acquisition of French rival Alcatel-Lucent.
WTO WON'T WEIGH IN ON AIRLINE SPAT
A senior World Trade Organization executive quashed the idea the
trade body could help to quickly resolve a high-profile
international airline spat over market access and subsidies.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Wealth Management Journal
BROKERS ANSWER THE ENTREPRENEURIAL CALL
The chance to own equity in a young business is enticing,
especially to advisers who saw big-brokerage shares hammered in the
financial crisis.
Asian Business News
EX-DEUTSCHE BANKER HENRY CAI RAISES $550 MILLION FOR PRIVATE EQUITY FUND
Veteran China banker Henry Cai, who left Deutsche Bank early
this year, has raised over half of a $1 billion private equity fund
that will invest in companies in German-speaking countries and help
them expand into China.
(END) Dow Jones Newswires
October 07, 2015 10:00 ET (14:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.