TOP STORIES
WELLS FARGO ISN'T THE ONLY BANK THAT DRAWS CROSS-SELLING COMPLAINTS
Problematic sales practices at banks may extend beyond the
abuses revealed in the $185 million enforcement action against
Wells Fargo, according to a new analysis of customer complaints
maintained by the U.S. government.
U.S. STOCKS STEADY AS OIL PRICES RISE
U.S. stocks edged higher, boosted by rising oil prices, while a
stabilization in bank shares spurred gains in Europe.
U.S. DURABLE-GOODS ORDERS FLAT IN AUGUST
U.S. factories posted flat orders of big-ticket goods in August,
but underlying figures suggest businesses are boosting spending
after a long period of cutting.
AIR-BAG MAKER TAKATA IN TALKS TO SETTLE LIKELY CRIMINAL CASE
Takata is negotiating after U.S. prosecutors found evidence of
unlawful conduct in the Japanese automotive supplier's handling of
rupture-prone air bags linked to numerous deaths and injuries.
RBS PAYS $1.1 BILLION TO SETTLE LAWSUITS IN U.S.
Royal Bank of Scotland Group has agreed to pay $1.1 billion to a
U.S. regulator to resolve two civil lawsuits over the way it sold
mortgage-backed securities in the run-up to the financial
crisis.
MOODY'S BOOSTS GUIDANCE ON HIGHER ISSUANCE ACTIVITY
Moody's Corp. said a pickup in debt issuance and a bigger impact
from cost-cutting initiatives have improved its business recently,
leading the company to lift its annual guidance.
PAYCHEX QUARTERLY PROFIT RISES
Paychex Inc.'s quarterly earnings rose 4% as the company
continued to add more clients and revenue was boosted by an
acquisition.
AUSTRALIA SEEKS MORE INFORMATION ON BP'S DRILL PLAN
Australia's oil and gas regulator threw a wrench in BP's plans
to drill deepwater oil-exploration wells off the country's southern
coast, delaying approval of the plan until BP provides more
information on how it intends to manage environmental risks
GOGO TO SPEED UP IN-FLIGHT INTERNET SERVICE...IN 2018
Airplane internet provider Gogo plans to overhaul its
overburdered network, but this isn't likely to happen for another
two years because of the need for new equipment.
BLACKBERRY OUTSOURCING HANDSET BUSINESS
BlackBerry Ltd. said it would outsource the making of handsets
and instead focus on developing secure software and services.
STRUCTURAL CHANGE NEEDED IF RATES ARE TO RISE SAFELY, ECB'S DRAGHI SAYS
European Central Bank President Mario Draghi urged eurozone
governments to implement growth-boosting overhauls to allow
interest rates to rise safely above zero, cautioning that the ECB's
tools alone cannot do the job.
DEUTSCHE BANK LIFTED BY $1.2 BILLION ABBEY LIFE SALE
Deutsche Bank said it sold its U.K.-based Abbey Life insurance
unit to Phoenix Group Holdings Ltd. for $1.2 billion, boosting the
German lender's capital cushion slightly at a time of intense focus
on its financial health.
'FORCEFUL' STIMULUS NEEDED TO ENSURE RETURN TO NORMAL INTEREST RATES, SAYS ECB'S LANE
The best way to ensure that interest rates quickly return to
more normal levels is by a "forceful" pursuit of stimulus now, a
member of the European Central Bank's governing council said in a
speech delivered in New York.
THE CHEAPEST WAY TO GET ALEXA: AMAZON'S NEW FIRE TV STICK
Amazon introduced its second-gen Fire TV Stick, keeping the same
$40 price, but including a voice-capable remote that lets owners
talk to the artificially intelligent assistant Alexa.
OPEC MINISTERS REACH FOR COMPROMISE ON OIL OUTPUT
With Saudi Arabia and Iran butting heads, hope is thin. But Iran
may budge once it reaches full output, which could happen by
November's full meeting.
FATAL COAL-MINE EXPLOSION DEALS SETBACK TO CHINA'S SAFETY EFFORTS
The explosion marked one of China's larger accidents this year
after more than a decade of progress in lowering casualties from
mining.
NO FIRST-DAY POP FOR POSTAL SAVINGS BANK OF CHINA
Shares of Postal Savings Bank, the world's biggest initial
public offering this year, limped out of the starting gate on
Wednesday, in spite of help from Goldman Sachs traders.
SABMILLER, AB INBEV SHAREHOLDERS APPROVE MERGER
Anheuser-Busch InBev won approval for its $100 billion takeover
of SABMiller, ushering in a new world order for the beer
industry.
U.K. FACES RECKONING OVER RBS BAILOUT
In the weeks after Brexit, U.K. Treasury officials began to
reassess the value of the nation's 73% stake in Royal Bank of
Scotland. The market's answer: substantially less than before.
EUROPOL WARNS OF CYBERCRIME SURGE
The European Union's police agency says cybercrime is rising,
driven by an expansion in both the number of criminals working on
the internet and a rise in the opportunities for criminal gain.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
World News
FOR CLINTON AND PUTIN, THE MISTRUST IS MUTUAL
While Vladimir Putin has called Donald Trump a "colorful and
talented person," the Kremlin has long viewed Hillary Clinton as
pushing a democratization agenda that it sees as a threat to its
sovereignty.
Financial Regulation
EUROPEAN REGULATORS WEIGH STATE AID FOR TROUBLED BANKS
European regulators are open to using public funds to help clean
up toxic assets weighing on bank balance sheets and hampering
lending in the bloc's struggling economy, two officials said at a
WSJ Pro event in London.
(END) Dow Jones Newswires
September 28, 2016 10:15 ET (14:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.