TOP STORIES
FED'S YELLEN SEES STRONGER CASE FOR INTEREST-RATE RISE
Federal Reserve Chairwoman Janet Yellen signaled growing
conviction that the central bank will raise short-term interest
rates in the weeks or months ahead.
STOCKS LOWER AFTER YELLEN'S REMARKS
U.S. stocks turned lower Friday, after Federal Reserve
Chairwoman Janet Yellen said the case for an increase in short-term
interest rates has strengthened in recent months.
U.S. CORPORATE PROFITS CLIMBED AS GDP TICKS DOWN TO 1.1%
A key measure of corporate profits rose this spring for a second
straight quarter alongside modest growth in the overall economy,
though U.S. businesses remain under pressure from global weakness
and other forces.
TXU ENERGY, LUMINANT CLEARED TO EXIT BANKRUPTCY
Power generator Luminant and retail electricity provider TXU
Energy Inc., two of the largest energy businesses in Texas, are
headed toward an exit from bankruptcy after winning confirmation of
a chapter 11 plan.
PARAMOUNT PICTURES CHIEF GETS VOTE OF CONFIDENCE FROM VIACOM
Paramount Pictures Chief Executive Brad Grey received a vote of
confidence from parent company Viacom Inc. and its board of
directors, a day after presenting a turnaround plan for reviving
the studio following a recent losing streak at the box office.
PRICEWATERHOUSECOOPERS SETTLES CRISIS ERA LAWSUIT
Accounting giant PricewaterhouseCoopers LLP has settled a $5.5
billion lawsuit in the middle of a weekslong trial over its alleged
failure to catch the massive fraud that led to one of the most
expensive bank failures in U.S. history.
AÉ ROPOSTALE LOSES BID TO REIN IN SYCAMORE
A bankruptcy judge has dealt a big blow to Aé ropostale Inc.'s
bid to survive chapter 11, refusing to rein in the bidding rights
of Sycamore Partners, a former big backer and now major critic of
the retailer.
U.S. CONSUMER SENTIMENT EASES SLIGHTLY IN AUGUST
A gauge of consumer sentiment edged lower in August, a
potentially worrying sign for an economy heavily reliant on
personal spending for growth.
VOLKSWAGEN DEALERSHIPS UPBEAT OVER PAYOUT FROM EMISSIONS SCANDAL
Volkswagen dealers nationwide are largely striking a hopeful
tone on news of the auto maker's deal with some 650 Volkswagen
franchise dealerships in the U.S. over its emissions scandal.
WEB FIRMS MAY HAVE TO PAY PUBLISHERS FOR NEWS UNDER EU RULES
News aggregators like Google news search may have to pay
publishers to list news articles on their websites under European
Union plans to update copyright rules.
RACKSPACE TO GO PRIVATE IN $4.3 BILLION DEAL
Cloud-computing provider Rackspace Hosting is being taken
private by private-equity firm Apollo Global Management for $4.3
billion.
BILLIONAIRE RICHARD BRANSON INJURED IN BIKE CRASH
Billionaire entrepreneur Richard Branson suffered a cracked
cheek, torn ligaments and severe cuts after flying headfirst off
his bicycle in the British Virgin Islands.
THERANOS TO APPEAL REGULATORY SANCTIONS
Silicon Valley startup Theranos said it plans to appeal a
decision made last month by regulators to revoke its license to
operate a lab in California, among other penalties, because of
unsafe practices.
FED'S POWELL SAYS PATIENT COURSE ON RATE RISES IS BEST
Federal Reserve governor Jerome Powell told Bloomberg television
on Friday that slow rate rises are the best fit for central bank
policy now.
ALERE SUES ABBOTT TO FORCE MERGER
Alere Inc. escalated its fight with reluctant buyer Abbott
Laboratories by filing a lawsuit against its potential acquirer to
push it to move forward with the deal.
TESLA RAISES PRICE OF AUTOPILOT OPTION BY $500
Tesla raised the price of its semi-autonomous Autopilot option
by $500, the latest move by the Silicon Valley auto maker to adjust
prices and options on its electric vehicles.
AB INBEV WARNS OF THOUSANDS OF MERGER-RELATED JOB LOSSES
Belgium's Anheuser-Busch InBev warned its beer megamerger with
SABMiller could lead to thousands of job losses in coming years,
according to documents related to the transaction.
U.S. OIL-RIG COUNT UNCHANGED IN THE LATEST WEEK
The number of rigs drilling for oil in the U.S. were unchanged
in the past week at 406, ending a recent trend of increases,
according to oil-field services company Baker Hughes Inc.
BIG LOTS POSTS REVENUE DECLINE BUT RAISES FORECAST
Big Lots Inc. on Friday reported soft comparable-store sales and
a revenue decline but raised its profit forecast for the year.
P&G CEO'S $2.5 MILLION BONUS BOOSTED BY 'TRANSFORMATION FACTOR'
A Procter & Gamble Co. incentive program with some
unconventional measures meant extra cash for top executives after
year in which the company missed sales and profit growth
targets.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Central Banks
TIMING OF FED INTEREST RATE INCREASE STILL IN QUESTION
Federal Reserve officials signaled clearly they see an interest
rate rise in the economy's future. What they didn't have much to
say about was when it might happen.
Business
ICAHN-ACKMAN HERBALIFE TRADE COULD BE A WIN-WIN
Carl Icahn's exploration of a sale of his Herbalife Ltd. stake
to a group of investors including William Ackman is rich with
irony. But a deal like the one discussed would, in both their eyes,
likely deliver a profit.
(END) Dow Jones Newswires
August 26, 2016 17:00 ET (21:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.