- Deutsche Bank Returns to Haunt Merkel in an Election Year (BBG)
- Saudis, Iran dash hopes for OPEC oil deal in Algeria (Reuters); Iran Doesn’t Want Oil Deal in Algiers, Won’t Freeze Output (BBG)
- Debate of century lives up to its billing (The Hill)
- Candidates Spar in Debate, Offer Vastly Different Visions for Leading the U.S. (WSJ)
- Clinton gains in online betting markets after U.S. presidential debate (Reuters)
- Presidential Debate Illuminates Voters’ Stark Choice (WSJ)
- Trump goes after Fed Reserve’s Yellen, claims she’s ‘more political’ than Clinton (Fox)
- Undecided Voters React Coolly to Donald Trump During Debate (WSJ)
- Trump Allies Move to Stem Damage From Strong Clinton Debate (BBG)
- Trump questions Clinton’s temperament, calls her ‘out of control’ (Fox)
- Howard Dean calls Trump a ‘coke user’ on Twitter (Hill)
- In first face-off with Clinton, Trump struggles to be ‘change’ candidate (Reuters)
- Syrian army, insurgents in fierce clashes in southwest Aleppo (Reuters)
- BlackRock Issues Warning on Treasuries as Fed Moves Toward Hike (BBG)
- Charlotte protesters demand mayor’s resignation over black man’s slaying (Reuters)
- Goldman Sachs’ top Southeast Asia investment banker to leave (Reuters)
- Wells Fargo Faces ‘Top-to-Bottom’ Review, Labor Department Says (BBG)
- France unlikely to achieve 2017 deficit target: fiscal watchdog (Reuters)
Overnight Media Digest
WSJ
– Chinese billionaire Wang Jianlin is in discussions to buy Dick Clark Productions at a valuation of about $1 billion through his Dalian Wanda Group. http://on.wsj.com/2dnD129
– Pfizer Inc said it would remain a single company, deciding not to split into one business focused on patent protected drugs and another on older products. http://on.wsj.com/2dnCEF1
– Lands End Inc chief executive Federica Marchionni stepped down from her role after 19 months on the job in which she tried to fashion broad changes at the catalog retailer. http://on.wsj.com/2dnE0Q9
– Walt Disney Co emerged as another potential bidder for Twitter Inc on Monday as the company struggles with sluggish growth. http://on.wsj.com/2dnFppB
– Mylan NV clarified the profit it said it made from its EpiPen drug days after the House members asked the company’s chief executive to justify the injector’s steep price hikes. http://on.wsj.com/2dnHge0
– Rice Energy Inc agreed to buy shale driller Vantage Energy for about $2.7 billion, including debt. http://on.wsj.com/2dnERjN
FT
Deutsche Bank Ag said on Monday it had no need for German government help with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities, as its shares lost more than 7.5 percent.
Britain’s opposition Labour Party clashed with business groups on Monday after setting out a left-wing economic agenda aimed at boosting their chances of winning power by re-engaging with working class voters who backed leaving the European Union.
Standard Life Investments, the fund arm of insurer Standard Life Plc, said on Monday it planned to reopen its 2.5 billion pounds ($3.24 billion) UK Real Estate Fund at midday on Oct. 17, after asset sales helped bolster the fund’s liquidity amid a broader market recovery.
NYT
– A federal appeals court ruled that American Express Co could stop merchants that accept its cards from encouraging customers to use rival payment cards that charge the stores lower transaction fees. http://nyti.ms/2dfMCXq
– Berlin ruled out providing government aid to Deutsche Bank, a German magazine reported. A Deutsche Bank spokesman said that John Cryan, its chief executive, had “at no point” asked Chancellor Angela Merkel to intervene in the issue with the Justice Department. http://nyti.ms/2dvhC37
– Richard C. Perry, once one of the hedge fund industry’s most successful investors, is shuttering his flagship fund as clients leave after steep losses. http://nyti.ms/2dfLX84
– A group of aggrieved Wells Fargo & Co workers, who say they were fired or demoted for staying honest and falling short of sales goals, claim that they played by the rules and were punished for it. http://nyti.ms/2dnEjKR
Britain
The Times
Delancey is suing Greenland Group’s UK division over a disputed final payment related to the Chinese company’s £135.7 million purchase of the historic Ram Brewery site in Wandsworth two years ago. (http://bit.ly/2dne8PO)
Britain will emerge from Brexit with a stronger economy and be better off than other EU countries within five years, Mathias Döpfner, chief executive of publishing house Axel Springer, said in an interview. (http://bit.ly/2dnobVd)
The Guardian Sainsbury SBRY.L> has developed an app called Chop Chop through which shoppers can order up to 20 items to be delivered from a local store within an hour, in an attempt to compete with Amazon Inc. (http://bit.ly/2dnkdvy)
Dyan Crowther, chief operating officer at Southern’s parent, Govia Thameslink Railway (GTR), will become chief executive at HS1, the link between London and the start of the Channel tunnel in Kent. (http://bit.ly/2dnjQBd)
The Telegraph
German car giant BMW is on a collision course with its UK workers over plans to deter 5,000 employees from making fresh contributions to its two gold-plated final salary pension schemes. (http://bit.ly/2dnkEGn)
EasyJet has appointed Christine Browne, one of its non-executive directors as its next chief operating officer, as the budget carrier grapples with the turbulence caused by the Brexit vote and a string of terrorist attacks in Europe. (http://bit.ly/2dnkT44)
Sky News
UK’s Labour Party has announced it will ban fracking if it wins the next general election. The announcement was made by shadow energy and climate change secretary Barry Gardiner at the party’s annual conference in Liverpool. (http://bit.ly/2dnks9N)
Generator Hostels’ controlling shareholder, Patron Capital, has asked investment bankers at Lazard to oversee an auction of the business for a deal valuing it at more than £400 million ($518.76 million). (http://bit.ly/2dnlbrN)
The Independent
French President Francois Hollande has said Britain’s “sovereign decision” to leave the EU does not excuse the country from its obligations to refugees and has urged the UK to “play its part” in dealing with the crisis. (http://ind.pn/2dnlpir)
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