- European Stocks Fall on Earnings as Bond Rout Eases; Metals Rise (BBG)
- Wall Street’s Frantic Push to Hire Coders (BBG)
- Novo Nordisk Shares Dive on Lower Forecast (WSJ)
- Japanese core inflation hits three-year low (FT)
- AB InBev cuts revenue forecast after triple blow in Brazil (Reuters)
- Acquisition: General Electric Pursues Deal With Baker Hughes (WSJ)
- Or partnership: GE in discussion with Baker Hughes on potential partnerships (Reuters)
- Russia’s Lavrov says Marshall plan needed for Syria (Reuters)
- Syrian rebels launch Aleppo counter attack (Reuters)
- In Germany, Syrians find mosques too conservative (Reuters)
- Oregon militants acquitted of conspiracy in wildlife refuge seizure (Reuters)
- Some Cities Want Their Immigrants to Vote (BBG)
- Americans Are Dying Faster. Millennials, Too (BBG)
- It’s About to Get Harder to Seek Student Debt Relief (BBG)
- Ex-Miss Finland says Trump groped her (Reuters)
- Apple Unveils New Macs, TV App (WSJ)
- Apple Increases Prices of Macs in U.K. by 20 Percent (BBG)
- Podesta relative earned six-figure fees lobbying Clinton’s State Dept. during his tenure there (Fox)
- Air Force One Isn’t the Only 747 With a President Onboard (BBG)
- Bezos Rocket Company Is a New Leader in the Suborbital Space Race (BBG)
- The World’s $49 Trillion Infrastructure Problem May Not Get Solved Anytime Soon (BBG)
Overnigh Media Digest
WSJ
– General Electric Co is in talks to merge its oil-and-gas business with Baker Hughes Inc, according to people familiar with the matter, a transaction that would dramatically reshape the industrial giant. http://on.wsj.com/2eVrG6s
– Apple Inc introduced new versions of its Macintosh personal computers Thursday, betting that smaller, thinner models and a touch screen on the keyboard will reverse declining sales. Apple refreshed its MacBook Pro laptops, adding a thin touch screen on top of the keyboards of some models. Users can slide and touch the bar to edit photos, navigate the web or authorize online purchases. http://on.wsj.com/2dMor3U
– CenturyLink Inc is in advanced talks to merge with Level 3 Communications Inc, a deal that would give the business-telecommunications companies greater heft in a brutally competitive industry. A deal could be announced in the coming weeks, according to people familiar with the matter. As always, there is a possibility the talks could fall apart. http://on.wsj.com/2eK4Z4z
– Qualcomm Inc’s agreement to pay $39 billion for the world’s largest developer of chips for automobiles represents a huge bet on cars becoming the next smartphone – a way to roll together communications and services once handled by dozens of other devices. Its deal for NXP Semiconductors NV , the biggest to date in the semiconductor industry, puts the spotlight on Qualcomm Chief Executive Steve Mollenkopf, who 20 years ago started at the company he now runs designing the unseen chips used in mobile phones. http://on.wsj.com/2e06CwB
– Booz Allen Hamilton Holding Corp said Thursday it had launched an external review of its security and staffing processes in the wake of its second major personnel scandal in three years. The government services and defense specialist said it had hired former Federal Bureau of Investigation Director Robert Mueller to conduct the review. http://on.wsj.com/2dMWTep
FT
– UK government dismissed calls for a special visa rules for devolved regions and nations. Scotland’s first minister Nicola Sturgeon is lobbying for a ‘London visa’, so that businesses can continue to hire form abroad even post an anticipated end to free movement from within the EU.
– AstraZeneca’s shares listed in the U.S. dropped 4.4 percent after it announced that U.S. regulators have temporarily halted enrolling new patients with certain cancers in clinical trials involving its new drug Durvalumab.
– Deutsche Borse sold one-third of its stake in Bats Global Markets for $86 million. This move comes after CBOE Holdings agreed to takeover Bats. The sale is part of the German exchange’s strategy to reshape its holdings.
– UK’s economy was 0.5 percent larger between July and September than the last quarter according to the Office of National Statistics. Treasury had predicted it would shrink 0.1 percent.
NYT
– Federal officials approved broad new privacy rules on Thursday that prevent companies like AT&T Inc and Comcast Corp from collecting and giving out digital information about individuals – such as the websites they visited and the apps they used – in a move that creates landmark protections for internet users. http://nyti.ms/2dRqCy6
– Apple Inc on Thursday showed off new MacBook Pros that feature the Touch Bar, a touch-screen strip at the top of the keyboard that changes to display functions specific to the app being used. The company also added its Touch ID function to the power button of the computers, allowing users to unlock the device or buy something with Apple Pay with the touch of a finger. http://nyti.ms/2dRmvlM
– Carlyle Group told investors this week that it was pivoting away from its hedge fund investments, once worth $15 billion. Carlyle co-founder, William E. Conway Jr. said the firm’s performance in hedge funds did not meet the expectations of its investors. http://nyti.ms/2dRnW3x
– Federal prosecutors brought charges on Thursday against dozens of people accused of taking part in a giant international crime ring that relied on Indian telephone call centers to bilk thousands of Americans out of more than $300 million. http://nyti.ms/2dRofvb
– The New York City Council voted unanimously on Thursday to give freelance workers a set of protections against wage theft that are believed to be the first of their kind in the country. http://nyti.ms/2dRqheJ
Britain
The Times
Tata Sons, the ultimate parent company of Jaguar Land Rover and Tata Steel UK, could embark on a multibillion-pound asset sale or bring in friendly Asian or Middle Eastern sovereign wealth fund investors to buy out the stake held in Tata by the family of Cyrus Mistry, its deposed chairman. http://bit.ly/2dQKZf3
The Spanish parent of O2, Telefonica SA slashed its dividend for the next two years in an attempt to bring down its debt. Telefónica, which had stated it would pay 0.75 per share this year, announced it would instead provide dividends of 0.55 and 0.40 per share in 2016 and 2017 respectively. http://bit.ly/2dQOJwJ
The Guardian
Nissan Motor Co Ltd plans to turn its Sunderland car factory into one of the biggest car plants in the world, producing two new models, after winning “support and assurances” from Theresa May about Brexit. http://bit.ly/2dQJ9uz
Tata Sons has hit back at axed chairman Cyrus Mistry in an escalating war of words that pits two of India’s most powerful business dynasties against each other. http://bit.ly/2dQMDgG
The Telegraph
Debenhams Plc profits have edged downwards as the retail group welcomes a new chief executive. The retailer reported a 7pc slide in pre-tax profits to £105.8m in the 53 weeks to September 3. http://bit.ly/2dQNKN5
Sky News
Hermes Investment Management signed up on Thursday to a consortium vying to buy a controlling stake in National Grid’s gas distribution division. http://bit.ly/2dQNBJG
A group of software entrepreneurs are drawing up plans for a 300 million pound flotation or sale even as London’s market for new share offerings continues to stall. http://bit.ly/2dQOfqr
The Independent
A post-Brexit airspace deal between the UK and the EU would be in both parties’ interests, according to a director at Easyjet Plc, but the budget airline is still suffering from a downturn in bookings and is considering relocating its head office to within the EU. http://ind.pn/2dQO0vE
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