TOP STORIES 
 
AB INBEV WINS OVER SABMILLER, VALUING IT AT $104.2 BILLION 

After weeks of back and forth, SABMiller's board has agreed on key terms of a sweetened takeover proposal by Anheuser-Busch InBev, setting the stage for the creation of a brewing behemoth.

GE TO SELL COMMERCIAL LENDING, LEASING UNITS TO WELLS FARGO 

GE agreed to sell a major chunk of its U.S. commercial lending business to Wells Fargo, a milestone in the company's rapid exit from financial services that could allow it to shed a tough regulatory regime.

U.S. STOCKS WAVER AHEAD OF KEY EARNINGS REPORTS 

U.S. stocks bounced between slight gains and losses as investors looked ahead to major earnings reports this week.

SEC PREPARES CIVIL CHARGES AGAINST MONDELEZ IN CADBURY PROBE 

The SEC is readying civil charges against snack maker Mondelez for alleged accounting violations under the Foreign Corrupt Practices Act, in connection with a long-running probe of payments its Cadbury unit made in India.

TWITTER TO CUT UP TO 8% OF WORKFORCE 

Twitter will slash up to 336 jobs, or 8% of its global workforce, marking the first mass layoff in the company's nine-year history as it tries to refocus its priorities under its new chief executive.

BAIN CAPITAL, ADVENT INTERNATIONAL GET WINDFALL FROM WORLDPAY 

Advent International Corp. and Bain Capital LLC have earned a combined profit of about $4.9 billion from their investment in Worldpay Group PLC, the U.K. payments processor which started trading on the London Stock Exchange on Tuesday.

FORTRESS CONFIRMS PLAN TO CLOSE FLAGSHIP MACRO HEDGE FUND 

Fortress Investment confirmed it will close its flagship macro hedge fund and principal Michael Novogratz will retire after the fund suffered heavy losses and redemptions.

CHINA GROWTH IN FOCUS AS EXPORTS AND IMPORTS FALL 

China's exports and imports fell in September and some economists say the data offered a further indication that third-quarter growth figures will fall below Beijing's full-year target.

FOREX HEADWINDS HIT JNJ PROFIT 

Johnson & Johnson reported lower sales and profit in its latest quarter largely due to a stronger dollar that the company expects will keep squeezing its results.

RIO BOSS SAM WALSH SAYS NO INTEREST IN BIDDING FOR GLENCORE 

Rio Tinto CEO Sam Walsh isn't interested in making a bid for Glencore despite the sharp decline in the embattled Swiss miner's stock in the past few months.

IEA SEES OIL MARKET REMAINING OVERSUPPLIED NEXT YEAR 

The world's oil markets will likely remain oversupplied next year, as demand growth slows amid an expected return of Iranian oil, a top energy forecaster said.

UBS IN $19.5 MILLION SETTLEMENT OVER STRUCTURED NOTES 

UBS agreed to pay $19.5 million to settle charges from the U.S. Securities and Exchange Commission that it provided false or misleading information in materials related to structured debt securities.

N.Y. FED FINDS ANOTHER DROP IN CONSUMER INFLATION EXPECTATIONS 

Consumers' expectations of future inflation levels continue to drift downward, according to new data from the Federal Reserve Bank of New York released on Tuesday.

FINRA FINES SANTANDER OVER PUERTO RICO BOND SALES 

Finra ordered a unit of Spanish bank Banco Santander to pay roughly $6.4 million in restitution to investors who were solicited to buy Puerto Rican municipal securities.

EU DIGITAL CHIEF SIGNALS TOUGH STANCE ON TELECOM MERGERS 

A wave of mergers in Europe's fragmented telecom industry won't necessarily boost investment and should be closely scrutinized, the European Union's digital chief Andrus Ansip said Tuesday.

CONDÉ  NAST ACQUIRES PITCHFORK MEDIA 

In a deal that gives it immediate access to younger male readership, Condé Nast has purchased privately held Pitchfork Media Inc., owner of online music publication Pitchfork.com, a related quarterly print magazine and the producer of music festivals in Chicago and Paris.

BULLARD CONCERNED ULTRA-LOW RATES WILL PROMOTE MARKET EXCESSES 

St. Louis Fed President James Bullard said he worries zero-level interest rates will foster excesses in financial markets, adding the main problem the U.S. economy has faced over the past two decades is asset prices "getting out of hand and collapsing."

IRAN'S PARLIAMENT APPROVES NUCLEAR DEAL 

By a vote of 161-59, with 13 abstentions, parliament approved a bill supporting the agreement, said the official Islamic Republic News Agency.

XEROX EXPECTS FIRST QUARTERLY LOSS SINCE 2010 

Xerox expects a loss in its latest quarter, which would be its first time in the red since 2010, as it will take a $385 million pretax charge linked to interrupted government health care projects in California and Montana.

VW TO USE COSTLIER DIESEL SYSTEM 

Volkswagen's namesake passenger-car brand has unveiled a package of cost-cuts and sweeping changes to its model and diesel strategy in the wake of an emissions scandal.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Markets Main 
AT BARCLAYS, JES STALEY WOULD FACE DELICATE BALANCING ACT 
 

U.S. banker James Staley is likely to land at Barclays with a delicate balancing act to pull off: fine-tune its investment bank while squeezing profits out of the retail arm.

 
Management & Careers 
RADICAL IDEA AT THE OFFICE: A 40-HOUR WORKWEEK 
 

Tired of checking work email at all hours? Some small firms say a strict 40-hour workweek has made employees more efficient and less stressed.

(END) Dow Jones Newswires

October 13, 2015 14:20 ET (18:20 GMT)

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