TOP STORIES 
 
STOCKS TUMBLE ON WEAK CHINESE DATA 

U.S. stocks tumbled Tuesday after weak manufacturing data in China fueled investors' worries about the world's second-largest economy.

U.S. AUTO SALES MAINTAIN PACE DESPITE HOLIDAY SHIFT 

Several top auto makers overcame a holiday shift to post better-than-expected U.S. sales in August, underscoring the continuing strength of the domestic car market.

BAYER SEPARATES MATERIAL SCIENCE BUSINESS 

German pharmaceuticals group Bayer has moved a step closer to floating its $12.38 billion specialty chemicals business by legally and economically separating the unit, now named Covestro.

EU SET TO EXTEND SANCTIONS ON RUSSIANS, UKRAINE REBELS 

The EU is set to roll over until March 15 sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

ISM MANUFACTURING INDEX FALLS IN AUGUST 

U.S. manufacturing activity expanded at its slowest pace in more than two years, a sign global turmoil and a strong dollar could be limiting factories.

LAGARDE SAYS VOLATILITY PUTS ASIA'S GROWTH AT RISK 

Speaking in Indonesia, the IMF's managing director said the pace of growth in Asia was slower than expected.

U.S. CONSTRUCTION SPENDING HITS A NEW POSTRECESSION HIGH 

U.S. construction spending rose to the highest level in more than seven years in June, suggesting that the housing market and business investment can help underpin economic growth amid turbulence outside American borders.

AMGEN FINDS DATA FALSIFIED IN GRIZZLY BEAR STUDY 

A scientific paper that had captured widespread attention because its subjects were massive grizzly bears has been retracted, after one of the authors was said to have manipulated some of the data.

BLOOMBERG STARTS EDITORIAL JOB CUTS 

Financial data and media firm Bloomberg began cutting up to 90 editorial jobs in its news division, as the company focuses more on breaking news and the development of new editorial products.

EUROZONE JOBLESS RATE FALLS 

The eurozone's jobless rate fell to its lowest since early 2012 during July, driven by big falls in the number of people without work in Italy and Spain.

CANADA'S SECOND-QUARTER GDP DECLINES 

Canada's economic output fell in the second quarter on a sharp drop in business investment and inventory accumulation.

APPLE'S IAN ROGERS IS GOING TO LVMH 

LVMH Moë t Hennessy Louis Vuitton has recruited Ian Rogers, a key executive from Apple, to spearhead the expansion of the luxury goods giant's online retail presence.

GREEK POLLS SUGGEST TOUGH ELECTION TEST FOR TSIPRAS 

Opinion polls show declining support for Greece's Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

PORTUGUESE CENTRAL BANK ENDS TALKS WITH ANBANG OVER NOVO BANCO SALE 

Portugal's central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espí rito Santo last year.

MARISSA MAYER PREGNANT WITH TWINS 

Yahoo CEO Marissa Mayer is expecting twin girls and plans to take "limited time away," she announced.

DOLLAR TREE SWINGS TO A LOSS 

Dollar Tree swung to a loss in its latest quarter, though sales jumped, as the discount retailer integrates its recently-acquired rival.

MORE COLLEGE STUDENTS USE MARIJUANA DAILY, STUDY FINDS 

U.S. college students are now more likely to smoke marijuana on a daily basis than cigarettes, according to a survey.

ECONOMISTS CUT MEXICO GROWTH ESTIMATES 

Private economists surveyed in August by the Bank of Mexico joined the central bank and the Finance Ministry in lowering their economic growth estimates for 2015.

INDIA SAYS NEW TAX WON'T APPLY TO FOREIGN INSTITUTIONAL INVESTORS 

India said it wouldn't apply a new tax to international portfolio investors, hoping to calm concerns about the country amid global market volatility.

VALEANT STRIKES PSORIASIS-DRUG PACT WITH ASTRAZENECA 

Canada's Valeant Pharmaceuticals has struck a deal with AstraZeneca of the U.K. to develop and sell psoriasis treatment brodalumab.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
China News 
CHINA BOOSTS EFFORTS TO KEEP MONEY AT HOME 
 

China is imposing new controls to prevent too much money from leaving the country, with lenders beefing up internal checks on foreign-exchange conversions and regulators aiming to rein in illegal money-transfer agents.

 
Moneybeat Blog 
BIG BANKS FEAR APPLE MORE THAN OTHER NONBANK COMPETITORS 
 

Ask a bank executive or board member at a bank what nonbank company they most fear, and they're likely to name the world's biggest technology company, Apple Inc.

(END) Dow Jones Newswires

September 01, 2015 13:01 ET (17:01 GMT)

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