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.
STOCKS FLAT AS FED'S JACKSON HOLE MEETING EYED
U.S. stocks were little changed Thursday, with market attention
focused on the Federal Reserve's annual meeting at Jackson
Hole.
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.
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.
BARCLAYS CLOSE TO HAT TRICK OF DEALS
Barclays is set to announce the completion of the sale of its
Italian retail business in the coming days, and the bank is in
advanced discussions with two bidders for its Egyptian
franchise.
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.
MICHAELS CUTS OUTLOOK AFTER 'CHOPPY' ENVIRONMENT IN FIRST HALF
Arts and crafts retailer Michaels Cos. lowered its same-store
sales forecast for the year amid a tough retail environment, as it
said increased spending dented higher sales in the latest
period.
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.
FED'S KAPLAN SAYS CASE FOR RATE RISE GETTING STRONGER
Federal Reserve Bank of Dallas President Robert Kaplan said
Thursday the U.S. central bank is edging closer to a rate rise, but
he declined to say when it might happen.
WHATSAPP TO SHARE USER DATA WITH FACEBOOK
The messaging service WhatsApp will start sharing phone numbers
and other data with Facebook, a shift in policy after vowing little
would change when the app was acquired by the social network less
than three years ago.
CANADIAN FIRMS' OPERATING PROFITS DECLINE 3.4% IN SECOND QUARTER
Operating profits at Canadian companies fell in the second
quarter and hit their lowest level since late 2010, as the
country's oil-and-gas sector recorded a sixth consecutive quarterly
loss and insurers dealt with the fallout from Alberta
wildfires.
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.
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.
CHINA SET TO LAUNCH SHENZHEN-HONG KONG STOCK-TRADING LINK IN DECEMBER
China is aiming to launch a much anticipated stock-trading link
between Shenzhen and Hong Kong around mid December, allowing global
investors access to the country's tech-heavy exchange.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Experiential
FED MISSTEPS FUELED 2016 POPULIST REVOLT
Once admired as wise and deft, the U.S. central bank failed to
foresee the crisis and has struggled in its aftermath, fostering
the rise of populism and distrust of institutions.
Central Banks
WHAT TO WATCH FOR AT THE KANSAS CITY FED'S JACKSON HOLE CONFERENCE
Central bankers are gathering in Jackson Hole, Wyo., for an
annual economic symposium, this year titled "Designing Resilient
Monetary Policy Frameworks for the Future." Here are several things
to watch.
(END) Dow Jones Newswires
August 25, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.