TOP STORIES 
 
STOCKS PULL BACK AS MOMENTUM FADES 

U.S. and European shares fell Friday as momentum faded from a rally that had been spurred by optimism over the U.S. economy.

MYLAN HOLDERS APPROVE PERRIGO PURCHASE 

Mylan said Friday that its shareholders have approved its proposed $35.6 billion takeover of Perrigo and it will launch a formal offer soon.

U.S. CONSUMER SPENDING ROSE 0.3% IN JULY 

U.S. households spent moderately in July amid a healthy rise in wages.

EUROZONE BUSINESSES, HOUSEHOLDS MORE UPBEAT 

Businesses and households across the eurozone became slightly more upbeat in August, an indication that the slowdown in economic growth during the second quarter is unlikely to turn into a more severe downturn.

FED'S KOCHERLAKOTA SAYS OPEN TO MORE STIMULUS MEASURES 

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he'd likely support additional stimulus measures from the U.S. central bank if such options were on the table.

BRAZIL SINKS INTO TECHNICAL RECESSION ON SECOND QUARTER OUTPUT CONTRACTION 

Brazil's economy sank into a technical recession in the second quarter as falling commodity prices, high inflation and political turmoil combined to decimate consumer and business confidence, sending output well below expectations.

BIG LOTS TOPS EXPECTATIONS, LIFTS GUIDANCE 

Big Lots said second-quarter adjusted profit rose in the latest quarter, as the deep discounter posted another same-store sales increase amid merchandising improvements.

'FLASH CRASH' TRADER DENIED EXTRADITION DELAY 

British trader Navinder Sarao had requested a two-month delay in his extradition hearing.

HERMÈ S PLAYS DOWN CHINA LUXURY RISK 

French luxury-goods company Hermè s International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.

GREECE NAMES GEORGE CHOULIARAKIS  INTERIM FINANCE MINISTER 

Greece named George Chouliarakis as the country's interim finance minister, handing him control of the country's purse strings until next month's elections.

BULLARD: RECENT VOLATILITY UNLIKELY TO ALTER FOMC'S OUTLOOK ON ECONOMY 

Federal Reserve policy makers are unlikely to alter their views on the outlook for the U.S. economy despite recent volatility in the financial markets, St. Louis Federal Reserve Bank President James Bullard said Friday.

SCOTIABANK PROFIT MEETS EXPECTATIONS 

Bank of Nova Scotia's fiscal third-quarter earnings met expectations, and the lender raised its quarterly dividend.

INVESTOR GROUP MAY CUT BID FOR CHINA'S QIHOO 360 

The consortium has offered $9 billion for the tech firm in what would be the largest take-private deal of a U.S.-listed Chinese company.

U.K. CONFIRMED AS ONE OF FASTEST-GROWING WESTERN NATIONS 

Britain was confirmed as one of the fastest-growing western nations in the second quarter, a fresh sign of health for policy makers at the Bank of England to weigh against concerns about the global economy.

SWISS ECONOMY BEATS EXPECTATIONS 

Switzerland's economy grew in the second quarter, defying expectations that it would slip into its first recession in six years.

CHARLES SCHWAB RECOVERS FROM PREMARKET OUTAGE 

Charles Schwab said its sites are back online after experiencing issues early Friday morning, the latest firm to suffer glitches during one of the most volatile weeks for markets in years.

AUSTRIA SAYS 71 MIGRANTS FOUND DEAD IN TRUCK 

Austrian police said 71 migrants were found dead in a truck off a highway outside Vienna and that three alleged human traffickers had been arrested in Hungary.

BOB EVANS NAMES ARBY'S VETERAN DOUG BENHAM AS EXECUTIVE CHAIR 

Bob Evans on Friday tapped Arby's veteran Douglas N. Benham to lead the company in a newly-created executive chair role until the company finds a new chief executive.

U.K. E-CIGARETTES REPORT BLASTED BY THE LANCET 

A recent U.K. government report that called electronic cigarettes 95% less harmful than traditional cigarettes has been criticized by the Lancet medical journal for relying on "flimsy" evidence.

JAPAN INFLATION FLAT IN JULY 

Japan's primary inflation gauge was flat in July, beating expectations for a drop below zero, in slightly encouraging news for the Bank of Japan.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Markets Main 
STOCK HALTS ADDED TO MONDAY'S MARKET CHAOS 
 

Monday's mayhem in stocks appears to have been exacerbated by rules designed to ensure orderly trading, executives and traders said, the latest ripple from investors' embrace of stock-linked funds.

 
Economics Blog 
OIL-PRICE PLUNGE COULD PUSH DOWN HOME PRICES IN THREE STATES 
 

The plunge in oil prices increasingly looks like it is here to stay, and that could be bad news for home values in three states.

(END) Dow Jones Newswires

August 28, 2015 10:08 ET (14:08 GMT)

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