TOP STORIES 
 
U.S. STOCKS EDGE LOWER 

Stocks cooled Friday, but remained on track to end the week higher amid signs that global central banks were sticking with loose monetary policy.

FACEBOOK APOLOGIZES FOR VIDEO METRIC MISCALCULATION 

Facebook on Friday apologized for overestimating a key video metric for two years, a miscalculation that irked advertisers and media companies that have poured resources into video efforts on the social network.

SALESFORCE CONSIDERS TAKEOVER OF TWITTER 

Salesforce is considering a takeover of Twitter Inc., according to people familiar with the matter, as the social-media company's efforts to ignite growth sputter.

BOFA MOVES TO SMOOTH IMPACT OF RATE SWINGS 

Bank of America's earnings likely will be less volatile from quarter to quarter as the result of a change related to how the bank accounts for some of the mortgage-backed securities it owns.

SANTANDER CONSUMER USA TO RESTATE FINANCIAL REPORTS 

Santander Consumer USA Holdings Inc. said it would restate years of financial reports as they can no longer be relied upon because of material weaknesses in internal control.

INVESTOR CALLS FOR PAY CLAWBACK AT WELLS FARGO 

CtW Investment Group sent a letter to Wells Fargo's board Friday calling for executive pay to be clawed back, two new board directors and an independent review following the bank's sales tactics scandal.

SAUDI ARABIA, IRAN DISAGREE IN OIL OUTPUT DISCUSSIONS IN VIENNA 

Saudi Arabian and Iranian oil officials have clashed this week over production limits, people familiar with the matter said, as OPEC struggles to iron out differences ahead of a meeting next week in Algeria where output controls will be discussed.

PETROBRAS TO SELL 90% OF GAS PIPELINE UNIT TO BROOKFIELD-LED CONSORTIUM 

Petrobras agreed to sell a 90% stake of its natural-gas pipeline unit to a consortium led by Brookfield Asset Management for about $5.2 billion, as it works to pay down debt amid low energy prices and a Brazilian recession.

COMPLAINTS ARISE OVER REPLACEMENT BATTERIES FOR SAMSUNG GALAXY NOTE 7 

Some customers in South Korea have complained that replacement batteries for Samsung Electronics' Galaxy Note 7 have been overheating and quickly losing battery power.

FED'S ROSENGREN: NOT RAISING RATES NOW PUTS ECONOMIC RECOVERY AT RISK 

Boston Fed President Eric Rosengren said that holding off on raising interest rates could put the economic expansion at risk by generating "significant imbalances" that could lead to a recession.

SONY PICTURES AND DALIAN WANDA TO MARKET FILMS IN CHINA 

Sony Pictures Entertainment is teaming up with Dalian Wanda Group to help market its films in China, a deal that could boost Sony's box-office returns-and strengthen Wanda's hand in the movie business.

USG NAMES JENNIFER SCANLON CEO-ELECT 

USG Corp. on Thursday said company veteran Jennifer Scanlon will replace James Metcalf as chief executive this fall.

U.N. SECURITY COUNCIL APPROVES NUCLEAR TEST BAN RESOLUTION 

The United Nations Security Council on Friday adopted a resolution calling on countries to refrain from nuclear testing, weeks after North Korea defied the international community by carrying out a new nuclear test.

ROGUE TRADER TOLD TO PAY €1 MILLION IN DAMAGES TO SOCGEN 

A French appeals court ruled that former trader Jé rô me Kerviel is only responsible for a sliver of the $5.47 billion Socié té Gé né rale lost after unwinding his trades, raising the possibility the government might reclaim a hefty tax rebate it granted the bank at the time.

COMMERZBANK EYES CUTTING AT LEAST 5,000 JOBS 

Commerzbank's management is eyeing cutting at least 5,000 jobs, or more than 10% of the bank's workforce, and eliminating one of its units as part of a broader overhaul.

21ST CENTURY FOX BOOSTS PAY OF RUPERT MURDOCH, SONS 

21st Century Fox increased the pay of Executive Chairman Rupert Murdoch and his sons, Chief Executive James Murdoch and Executive Chairman Lachlan Murdoch, citing their "exemplary achievements" and their "contributions to drive the overall success of the business."

JAPAN'S DENTSU APOLOGIZES FOR AD OVERCHARGES 

Advertising giant Dentsu said it overcharged at least 111 companies for internet ads, a rare slip for a company that has broad reach in Japanese media but usually avoids making headlines itself.

FINISH LINE COMPARABLE STORE SALES RISE 

Finish Line said its comparable-store sales increased in the latest quarter and said it would change the role of its former chief executive more quickly than expected.

METRO AG BREAKUP PLAN FACES OPPOSITION 

Metro AG, one of Europe's largest retailers, wants to break itself up to boost shareholder value, but the co-owner of a major subsidiary doesn't like the deal and warns that it would ultimately destroy value.

ANGLO AMERICAN APPOINTS FORTESCUE'S STEPHEN PEARCE AS CFO 

Anglo American PLC has appointed Stephen Pearce as Chief financial officer and executive board member after René Mé dori announced in April his decision to retire next year.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Financial Regulation 
FED PROPOSES LIMITS ON BANK COMMODITY TRADING 
 

The Federal Reserve proposed Friday new restrictions on banks' activities in physical-commodity markets such as aluminum and oil, aiming to minimize risks an environmental catastrophe could pose on the financial institution.

 
Technology 
WILL YAHOO'S DATA BREACH DERAIL VERIZON DEAL? 
 

The deal contains a provision allowing Verizon to pull out if a "material adverse change" affects the internet company's business.

 
 
 

(END) Dow Jones Newswires

September 23, 2016 13:14 ET (17:14 GMT)

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