TOP STORIES
SNACK MAKER MONDELEZ DROPS PURSUIT OF HERSHEY
Mondelez has ended talks regarding a possible acquisition of
Hershey, saying it determined there was "no actionable path
forward" following recent shareholder developments at the chocolate
maker.
EU SET TO RULE APPLE TAX DEALS WITH IRELAND ILLEGAL
The European Union's antitrust regulator is poised to rule as
soon as Tuesday that Apple's tax arrangements with Ireland have
breached the bloc's state-aid rules, according to people familiar
with the matter.
U.S. STOCKS REBOUND AS FINANCIAL SHARES RALLY
U.S. stocks closed higher Monday, as the market rebounded from
losses last week on growing expectations that the Federal Reserve
will raise interest rates this year.
MYLAN, FEELING HEAT ON EPIPEN PRICE, WILL OFFER CHEAPER GENERIC
Mylan said it would launch a generic alternative to EpiPen at a
50% discount after being criticized for sharply raising the price
of the lifesaving drug.
AMERICAN AIRLINES PRESIDENT MOVES TO UNITED CONTINENTAL
The president of American Airlines left the company Monday but
immediately moved into the same role at rival United Continental,
in an unusual management shake-up in the competitive airline
industry.
WALGREENS FORMS ALLIANCE WITH PRIME THERAPEUTICS
Walgreens Boots Alliance has struck a partnership with Prime
Therapeutics to help it capture a greater share of the
prescription-drug market and better compete with CVS Health.
U.S. IMPLEMENTS NEW DRONE RULES
With nationwide rules in place for routine flights of small
commercial drones, federal regulators said their next big challenge
will be evaluating industry waiver requests while balancing
innovation and safety.
MARTIN SHKRELI SELLS REMAINING STAKE IN KALOBIOS
Martin Shkreli has sold his remaining stake in KaloBios,
severing his ties with the company he once led as the small
drugmaker seeks to distance itself from its former chief
executive.
U.S. CONSUMER SPENDING ROSE IN JULY
Consumer spending rose for the fourth straight month in July, a
sign domestic consumption could continue to drive U.S. economic
growth over the second half of the year.
FACEBOOK TO ALLOW USERS TO TRIGGER 'SAFETY CHECK' FEATURE
Facebook Inc. said Monday that it is aiming for communities to
be able to trigger its "safety check" function instead of the
social media giant having sole control over it during a
disaster.
WILLIAMS ADDS THREE NEW DIRECTORS
Williams made good on its plan to appoint three new independent
directors to its board as activist investor Keith Meister has said
he plans to remove the entire board.
HOMELAND SECURITY TO REVIEW USE OF PRIVATE PRISONS COMPANIES
The Department of Homeland Security will review whether private
prison operators will continue to run immigration and customs
enforcement's immigration detention centers, the latest sign that
the federal government is turning away from using these private
contractors.
APPEALS COURT TOSSES DATA SPEED CASE BROUGHT AGAINST AT&T
A federal appeals court threw out a government lawsuit against
AT&T that alleged the company misled wireless subscribers by
selling unlimited data plans and then slowing down service if they
consumed high amounts.
POTENTIAL ZIKA THERAPIES IDENTIFIED BY RESEARCHERS
Scientists have identified several potential therapies for the
Zika virus from among 6,000 drugs already commercially available or
undergoing clinical trials, according to a new study.
MCDONALD'S CONSOLIDATES AGENCY BUSINESS WITH OMNICOM
McDonald's consolidated its creative U.S. business with Omnicom
Group, ending a 35-year relationship with Leo Burnett in the
U.S.
EXOR PROFIT JUMPS ON FIAT CHRYSLER RESULTS
Exor, the Italian holding company that controls Fiat Chrysler,
said first-half profit almost doubled as the car maker's results
improved and it consolidated the acquisition of PartnerRe.
OIL PRICES DECLINE ON RATE JITTERS
Oil prices settled lower Monday as worries over the U.S. raising
interest rates as early as next month rippled through an already
jittery market.
IVANHOE MINES TO SEEK STRATEGIC ADVISER
Ivanhoe Mines said its board authorized the Canadian company to
retain a strategic adviser to address unsolicited interest received
in recent months after a major copper discovery in Africa earlier
this year.
MANUFACTURING PRODUCTION ACROSS TEXAS IMPROVES IN AUGUST
Manufacturing production across Texas this month rose at the
best clip since the spring, further evidence that the hit from the
energy market's collapse on the oil-focused state is lifting.
NEXTERA ENERGY OBTAINS FINANCIAL ADVISERS FOR ONCOR DEAL
NextEra Energy said a number of financial institutions have
agreed to serve as financial advisers for its $18.4 billion
purchase of Energy Future Holdings's controlling stake in the
biggest power provider in Texas, Oncor.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Capital Journal
IN CLINTON VS. TRUMP, WHO IS INSPIRED TO VOTE?
Last Thursday may have been the most negative day in modern
presidential campaign history. What that means for voter turnout
could be one of the keys to November's election results, Gerald F.
Seib suggests.
Ahead of the Tape
HOUSING MARKET: WHY MILLENNIALS ARE GETTING PRICED OUT
Home values are creeping closer to records, much to the dismay
of consumers who have missed out.
(END) Dow Jones Newswires
August 29, 2016 17:00 ET (21:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.