TOP STORIES
STOCKS EDGE LOWER TO CAP WILD MONTH
Global stock markets headed lower at the end of a turbulent
month that was dominated by concerns over China and the timing of a
U.S. interest rate rise.
BANK CLEARS PRICING BACKLOG FOR FUNDS
Bank of New York Mellon said it had updated pricing data for
mutual and exchange-traded fund-pricing issues before the market
opened Monday, ending a weeklong struggle by the company to provide
accurate asset values.
BRISTOL-MYERS GRANTED RIGHT TO BUY PROMEDIOR
Bristol-Myers Squibb said that it has been granted the exclusive
right to buy privately held Promedior and its experimental fibrosis
treatment for up to $1.25 billion.
HEALTHSOUTH TO BUY CARESOUTH FOR $170 MILLION
Acute-care provider HealthSouth announced plans to acquire
privately held home-healthcare company CareSouth Health System for
$170 million in cash, a move to expand in five southern states.
NATIONAL GUARD OFFICER KILLED IN UKRAINE PROTEST BLAST
One member of Ukraine's National Guard was killed and at least
50 others injured as fighting broke out between protesters and
law-enforcement personnel after a vote on the country's
constitution.
OIL RALLIES INTO BULL MARKET TERRITORY
Oil prices turned higher Monday on speculation that
oil-producing nations might be willing to agree to output cuts to
shrink the global glut of crude oil.
RUSSIA, VENEZUELA TO DISCUSS POTENTIAL STEPS TO STABILIZE OIL PRICES
Russian President Vladimir Putin will discuss "possible mutual
steps" to stabilize the global oil prices at a meeting with
Venezuelan President Nicolá s Maduro in China on Thursday, a
Kremlin aide said, as both countries grapple with lower prices for
their main export.
CRACKDOWN ON RACIAL BIAS COULD BOOST DRIVERS' COSTS FOR AUTO LOANS
A federal regulator's campaign to fight bias against minorities
is changing the way many car loans are priced. Those efforts could
mean some consumers will pay more.
GOOGLE, SANOFI TEAM UP ON DIABETES RESEARCH
The Internet company said its health-care-research unit plans to
work with European pharmaceutical major Sanofi on new ways to
monitor and treat the condition.
CHINA ANNOUNCES LEGAL ACTIONS FOR 'SECURITIES VIOLATIONS'
Chinese authorities announced legal actions Sunday against
high-profile targets in the government, brokerages and media for
what they alleged were 'securities violations.'
EUROZONE INFLATION STAYS LOW
Eurozone consumer prices were barely higher than a year earlier
in August, keeping pressure on the European Central Bank to
consider additional stimulus measures to bring inflation closer to
its target near 2%.
ITT TO ACQUIRE WOLVERINE AUTOMOTIVE
ITT Corp. agreed to acquire Wolverine Automotive Holdings Inc.
for roughly $300 million, which will add a maker of automotive
braking systems and sealing solutions for a range of
industries.
NOMURA WRONGFULLY DISMISSED AMERICAN EXECUTIVE, COURT FINDS
Japan's largest brokerage wrongfully dismissed an American
managing director during a dispute over compensation for a product
he invented, the Tokyo District Court ruled.
EXELON REAFFIRMS COMMITMENT TO BUYING PEPCO
Exelon Corp. on Monday reaffirmed its commitment to buying Pepco
Holdings Inc., after utility regulators for the District of
Columbia rejected the $6.8 billion deal last week.
CANADIAN OIL SANDS HALTS CRUDE PRODUCTION AT SYNCRUDE
Canadian Oil Sands Ltd. has halted production at its Syncrude
project in northern Alberta after a fire damaged equipment at its
synthetic crude oil processing facility.
ARGENTINA CREDITORS CAN'T SEIZE ASSETS OF CENTRAL BANK, COURT RULES
Creditors owed billions by Argentina can't seize the assets of
its central bank, a U.S. court ruled, reversing an earlier ruling
that would have opened the nation's reserves to hedge funds looking
to collect debt stemming from a 2001 default.
INDIA'S ECONOMIC GROWTH SLOWS
India's economic expansion decelerated to 7% year-over-year in
the quarter ended June 30, highlighting the challenges Asia's
third-largest economy faces as it tries to gain momentum.
U.K. APPROVES GIANT NORTH SEA GAS PROJECT
A.P. Mø ller-Maersk A/S said it has received approval to develop
the $4.5 billion Culzean gas field, the largest new find in the
U.K. North Sea for a decade.
ISLAMIC STATE BLOWS UP TEMPLE OF BEL IN SYRIA'S PALMYRA
Islamic State has partially destroyed Palmyra's 2,000-year-old
Temple of Bel in a massive explosion, the latest in a series of
attacks by the militants on the Syrian city's famed historic
sites.
AUSTRIA TOUGHENS CONTROLS AMID MIGRANT CRISIS
Austrian police have toughened controls in the country's eastern
border region close to Hungary in response to last week's discovery
of 71 dead migrants in an abandoned truck.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Capital Journal
SANDERS, TRUMP ET AL: PARTYING LIKE IT'S 1968
Strange happenings are afoot in the 2016 presidential cycle,
ones that draw parallels with 1968, when a disruptive race so shook
up the political system that we're still feeling its aftershocks
today, Gerald F. Seib writes.
Heard on the Street
ECB SHOULDN'T EASE TO APPEASE MARKETS
Markets can be far too keen to call for central-bank help. The
ECB shouldn't bend too easily.
(END) Dow Jones Newswires
August 31, 2015 13:02 ET (17:02 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.