TOP STORIES
U.S. REACHES TRADE DEAL WITH 11 PACIFIC NATIONS
The Trans-Pacific Partnership, which aims to lower trade
barriers, was reached after bitter fights over the automotive
industry, intellectual property rights and dairy products.
TWITTER NAMES JACK DORSEY CEO
Twitter said it has chosen Jack Dorsey, the company's original
chief executive who returned to become interim CEO in June, to
continue leading the messaging service going forward.
GE TO SELL CORPORATE AIRCRAFT PORTFOLIO
General Electric agreed to sell its corporate aircraft financing
portfolio in the Americas to Global Jet Capital in a deal valued at
roughly $2.5 billion.
NELSON PELTZ'S TRIAN TAKES STAKE IN GE, PRESSURING IMMELT
Nelson Peltz's Trian Fund has accumulated a $2.5 billion stake
in General Electric, the biggest ever for the investment firm.
Peltz's move raises pressure on GE's Jeff Immelt to revive the
faltering stock price.
MARKETS GAIN ON EXPECTATIONS OF FED INACTION
Global stock markets rose as investors considered the prospect
of U.S. interest rates remaining at rock-bottom for longer and saw
increased prospects for Chinese stimulus.
SUNCOR BIDS FOR CANADIAN OIL SANDS
Suncor Energy launched an all-stock takeover offer worth about
$3.3 billion for struggling oil-sands producer Canadian Oil Sands
Ltd.
VW EMISSIONS PROBE ZEROES IN ON TWO ENGINEERS
The Volkswagen investigation is focusing on two engineers who
were elevated after Martin Winterkorn was made CEO.
NESTLÉ IN MERGER TALKS WITH R&R GROUP
Nestlé SA is in advanced talks with European ice-cream maker
R&R Group to form a joint venture for ice cream in Europe and
Africa.
NEWELL RUBBERMAID TO BUY ELMER'S GLUE
Newell Rubbermaid agreed to acquire the maker of Elmer's glue
and other products from investment firm Berwind Corp. for roughly
$600 million.
POTASH CORP. ENDS PURSUIT OF GERMAN RIVAL K+S
The Canadian company cited challenging market conditions and a
lack of engagement by K+S management for dropping the $8.8 billion
offer.
ACTIVIST INVESTOR STARBOARD BOOSTS STAKE IN BRINKS
Activist investor Starboard Value LP said Monday it has
increased its stake in Brink's Co. to 12.4% in a move to provoke
change at the security company.
AMERICAN APPAREL FILES FOR BANKRUPTCY
American Apparel filed for bankruptcy on Monday, the latest
setback for a company that was thrown into chaos after a battle to
oust founder Dov Charney.
TAIWAN'S HTC SWINGS TO NET LOSS
The Taiwanese company continues to struggle in the competitive
smartphone market.
AT&T, VIACOM REACH DISTRIBUTION DEAL
AT&T said it reached a multiyear agreement with Viacom for
the media giant to continue providing programming to AT&T's
U-verse TV and DirecTV U.S. subscribers.
SEVEN DEAD AS TORRENTIAL RAIN, FLOODS POUND SOUTH CAROLINA
Hundreds of homes and businesses flooded, interstate highways
closed and daily life continued to be upended Monday morning after
several months' worth of rain hit central and coastal South
Carolina in less than three days.
PORTUGUESE COALITION LOSES PARLIAMENTARY MAJORITY
Prime Minister Pedro Passos Coelho finished far ahead of his
Socialist rival in elections on Sunday, but his center-right
coalition lost its majority in Parliament.
AIR FRANCE WORKERS, EXECUTIVES CLASH
The management of Air France, the French arm of Air France-KLM,
has outlined a plan to cut 2,900 jobs in a meeting with union
representatives.
EU SEEKS TO BOOST BORDER PATROLS
The European Union is seeking to boost the presence of border
patrols in Greece and Italy, in an effort to stem the largest
influx of refugees the bloc has seen in decades.
OECD REWRITES CORPORATE TAX RULE BOOK
A major overhaul of the international rules governing the
taxation of company profits has moved a step closer to completion,
with the publication of new standards by the OECD that are set to
be adopted by leaders of the Group of 20 largest economies.
SCHAEFFLER SETS IPO PRICE RANGE
Schaeffler Group set the price range for the long-awaited
listing of its automotive supplier Schaeffler AG, dispelling fears
the crisis at major customer Volkswagen could derail the company's
plans.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
EUROPE'S ECONOMY: WHAT THE SURVEY REALLY SAYS
The eurozone purchasing managers index took a turn down in
September. But its level tells a story of continued recovery.
World News
NOBEL PRIZES IN MEDICINE AWARDED FOR INFECTIOUS-DISEASE DRUGS
Scientists from Ireland, Japan and China won this year's Nobel
Prize in Physiology or Medicine for discoveries relating to
therapies against infections caused by roundworm parasites and
malaria.
(END) Dow Jones Newswires
October 05, 2015 10:04 ET (14:04 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.