TOP STORIES
MYLAN BOOSTS PRICE ASSISTANCE FOR EPIPEN AMID BACKLASH
Mylan responded to backlash over the price of its EpiPen by
promising to reduce the costs that some patients pay, though
stopped short of saying it would cut prices.
DOLLAR STORES' SAME-STORE SALES DISAPPOINT
Dollar General and Dollar Tree reported weaker-than-expected
sales growth in the latest quarter, hurt by declining traffic.
STOCKS FALL AS INVESTORS LOOK TO FED'S JACKSON HOLE MEETING
U.S. stocks edged lower Thursday, with market attention focused
on the Federal Reserve's annual Jackson Hole meeting.
U.S. DURABLE-GOODS ORDERS REBOUNDED IN JULY, JUMPING 4.4%
Demand for long-lasting factory goods rebounded in July-with
durable-goods orders leaping 4.4%-in a sign the manufacturing
sector could continue to stabilize in the second half of the
year.
U.S. JOBLESS CLAIMS FALL FURTHER
The number of Americans applying for their first week of
unemployment compensation fell again last week, the latest sign
that a strengthening labor market is helping the economy rebound
from a sluggish first half of the year.
TORONTO-DOMINION BANK PROFIT AND REVENUE RISES
Toronto-Dominion Bank on Thursday reported better-than-expected
results in its third quarter, as it posted both revenue and profit
increases.
SEARS POSTS LOSS AS LAMPERT PROVIDES MORE AID
Sears Holdings posted another quarterly loss amid sliding sales,
and the retailer said it would accept another $300 million of help
from its chief executive's hedge fund.
BUSINESS SENTIMENT FALLS IN GERMANY, FRANCE
German and French business sentiment fell unexpectedly in
August, especially among manufacturers, a sign the U.K.'s decision
to leave the EU and a series of terrorist attacks unsettled
business executives at the height of the holiday season.
CHINA MOVES TO EASE FOREIGN CONCERNS ON CYBERSECURITY CONTROLS
China is taking a more inclusive tack in imposing cybersecurity
standards on foreign technology companies, allowing them to join a
key government committee in an effort to ease foreign concerns over
planned domestically-set controls.
SIGNET JEWELERS, TIFFANY & CO. REPORT SALES DECLINES
Signet Jewelers said sales at its stores open at least a year
unexpectedly fell for the first time in more than six years. Fellow
jeweler Tiffany & Co. reported weaker spending by tourists in
the U.S.
INDIAN FIRM ADMITS 'ERROR' AFTER TARGET CUTS TIES OVER COTTON DISPUTE
Welspun India said it would modify its supply chain and review
its practices to address accusations it sold fake Egyptian cotton
sheets to U.S. retailers.
IRANIAN OIL PRODUCTION STALLS AHEAD OF OPEC TALKS
Iran's comeback as a crude-oil exporter appears to have stalled
seven months after Western sanctions over its nuclear program were
lifted, casting fresh uncertainty over its willingness to cooperate
with other producers on output.
DEVELOPED COUNTRIES' ECONOMIC GROWTH SLOWS
OECD figures suggest 2016 will be another weak year despite the
provision of ever greater stimulus by many of the world's leading
central banks.
MEDTRONIC PROFIT RISES, HELPED BY LOWER EXPENSES
Medtronic PLC said quarterly sales fell across most of its
segments, though the medical-device maker's profit grew thanks to a
drop in expenses.
CIBC REVENUE AND PROFIT RISE
Canadian Imperial Bank of Commerce said revenue and profit rose
in its latest quarter.
PBOC PUTS MORE CASH INTO FINANCIAL SYSTEM TO CALM MARKET
China's central bank put more cash into the financial system
Thursday in an apparent gesture to calm a nervous market rattled by
its unexpected move Wednesday aimed at deflating a bond market
bubble.
MONSANTO SHELVES PLANS FOR NEW GMO COTTON SEEDS IN INDIA
Monsanto said that it has withdrawn an application to sell a new
variety of genetically modified cotton seed in India because of its
concerns over the country's attempts to restrict the biotechnology
business.
U.S. MOVES TO SECURE NEW TERM FOR WORLD BANK CHIEF
The Obama administration nominated Jim Yong Kim for a second
five-year term as World Bank president, a step likely to solidify
U.S.-backed leadership over the institution despite calls from
other nations to open up the post.
ATTACK ON AMERICAN UNIVERSITY OF AFGHANISTAN LEAVES 12 DEAD
Attackers stormed the barricaded American University of
Afghanistan in Kabul, firing at students in a long siege that left
12 people dead and 30 wounded by Thursday morning.
IRAN VESSELS HARASSED U.S. DESTROYER NEAR PERSIAN GULF, NAVY SAYS
Four ships from the Iranian Revolutionary Guard Corps harassed a
U.S. destroyer near the Persian Gulf in what the U.S. Navy called
an "unsafe and unprofessional" interaction.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Markets Main
THE LATEST ASSET MANAGEMENT PRICE WAR: TARGET-DATE FUNDS
More Americans are pouring money into set-it-and-forget-it
retirement funds, setting off an arms race from money managers to
cut prices to closer to zero.
Election 2016
CHELSEA CLINTON TO STAY ON FOUNDATION BOARD IF HILLARY BECOMES PRESIDENT
Chelsea Clinton plans to remain on the board of the Clinton
Foundation if her mother is elected U.S. president this fall.
(END) Dow Jones Newswires
August 25, 2016 10:01 ET (14:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.