- August Jobs Report Expected to Show a Slowdown in Hiring (WSJ)
- Emotions Swell as Houston Begins Cleanup (WSJ)
- Fuel shortages to hamper Labor Day travel (Reuters)
- Harvey’s Made the World’s Most Important Chemical a Rare Commodity (BBG)
- Economists Consistently Overestimate U.S. August Payrolls (BBG)
- New Jersey Senator Menendez’s graft trial could sway D.C. power balance (Reuters)
- Harvey Relief Bill Could Help Congress Raise Debt Ceiling (WSJ)
- Russia-Linked Bots Hone Online Attack Plans for 2018 U.S. Vote (BBG)
- Britain faces huge costs to avoid power shortages with electric car plan (Reuters)
- Trump Lawyers Say Probe of Comey Firing Shouldn’t Target President (WSJ)
- Job Satisfaction Highest in a Decade Ahead of Jobs Data (WSJ)
- Ex-JPMorgan Trader Spots a MiFID Gift for His Brokerage (BBG)
- Russia Private-Bank Experiment Just Imploded (BBG)
- Oil Firms That Cheered Regulatory Rollback Are Quaking Over Nafta (BBG)
- Lululemon Gets Lift From Men’s Business, Product Investments (WSJ)
- In North Carolina county, strong support for Confederate statue (Reuters)
- The Death of Stocks Has Been Exaggerated (BBG)
- Trump Trade Upside-Down in S&P 500 as Drugmakers Overtake Banks (BBG)
- White House Cutting Ads, Grants Aimed at Encouraging ACA Sign-ups (WSJ)
Overnight Media Digest
WSJ
– The chief executive Tenet Healthcare Corp, one of the nation’s largest for-profit hospital chains, will resign by early next year as the company deals with investor pushback over its corporate strategy and recent board defections. on.wsj.com/2wrjza9
– Insys Therapeutics Inc’s legal woes worsened Thursday when the state of Arizona filed a lawsuit claiming the company improperly marketed a powerful opioid painkiller. on.wsj.com/2ws9VnU
– Wyoming can’t sue Volkswagen AG for environmental damage allegedly caused by the company’s polluting diesel vehicles, a federal judge in San Francisco ruled Thursday, finding the penalties resulting from actions brought by consumers and federal authorities are enough. on.wsj.com/2wrxMUD
– Vanguard Group, one of the world’s largest asset managers, voted against Wells Fargo & Co non-executive chairman Stephen W. Sanger and two other directors this year, according to new regulatory filings. on.wsj.com/2wrGjal
– The National Labor Relations Board filed a complaint Thursday against Tesla Inc based on allegations of unfair labor practices from workers at the company’s Fremont, California, factory. on.wsj.com/2wrvEfJ
– Amazon.com Inc is working on plans to roll out its one- and two-hour membership delivery service into Canada later this year, a move that marks a broader push into the country by the Seattle-based retailer, according to people familiar with the matter. on.wsj.com/2wrGYZn
– Dong Energy A/S, Denmark’s majority state-owned energy company, is selling off its last oil and natural-gas fields in a deal expected to close by the end of September. The billion-dollar-plus sale is part of a broader plan to significantly reduce the company’s exposure to fossil fuels and produce energy primarily from renewable sources. on.wsj.com/2wrDdms
FT
* Britain’s exit negotiations with the European Union this week failed to make the kind of progress needed to open talks on their future relationship in October, the bloc’s chief negotiator, Michel Barnier, said on Thursday.
* Volkswagen is offering drivers in Britain up to 7,000 pounds to scrap their old diesel cars for newer models hours after rival Toyota unveiled a similar scheme.
* French President Emmanuel Macron’s government announced reforms to loosen labour regulations and drive down unemployment, drawing criticism from unions but limited support for the street protests that have hindered previous reform bids.
NYT
– Nearly a year after Wells Fargo & Co’s fraudulent account scandal burst into public view, the bank said it had turned up more than a million additional accounts that customers may not have authorized. nyti.ms/2wrkiIt
– Toshiba Corp, the embattled Japanese conglomerate, said on Thursday it needed more time to choose an outside investor for its microchip business, extending a period of uncertainty for the company as it seeks a multibillion-dollar cash infusion to stabilize its finances. nyti.ms/2gv3zjT
– The average price of a gallon of regular gasoline in the United States on Thursday jumped 5 cents from the day before, to $2.45, the highest price of the year, according to the AAA motor club. Contracts for September wholesale deliveries rose 25.5 cents a gallon, signaling that the worst is yet to come. Experts said prices at the pump could easily rise an additional 30 cents a gallon. nyti.ms/2wWqdbK
– Thirteen of The Village Voice’s 17 union workers were laid off and were told they would no longer have jobs after the third week of September, a union representative said. nyti.ms/2iKsVe7
Britain
The Times
– Petrofac Ltd’s chief executive Ayman Asfari made more than 300,000 euros ($357,210.00) by betting on a share price fall at a rival oil services company after its boss tipped him off about his imminent resignation, financial regulators in Italy have said. bit.ly/2xBzSS4
– Interest rates need to increase in order to offset the rapid rise in inflation, a member of the Bank of England’s rate-setting committee has warned. bit.ly/2xBeBbn
The Guardian
– The British gambling industry’s income has ballooned in size over the past decade, according to figures from the Gambling Commission. bit.ly/2xBdNDi
– Ryanair Holdings PLC has stepped up warnings that flights between UK and Europe are imperilled by Brexit, with the airline’s Chief Executive Michael O’Leary claiming that the prospect of disrupting aviation was one of the quickest and best ways for the EU27 to “stick it to the British”. bit.ly/2xAX1UG
The Telegraph
– Britain’s second largest energy supplier, SSE Plc has steadily grown the profits it makes from supplying energy to households for a third year in a row despite mounting political pressure to keep bills low. bit.ly/2xBpDxg
– Philip Green has threatened Labour MP Frank Field with legal action over allegations made in a radio interview last week, as tensions between the pair escalated. bit.ly/2xAYme5
Sky News
– The chief executive of New Look Group Ltd Anders Kristiansen is to step down just over two years after his turnaround of the high street fashion chain paved the way for its 2 billion pound ($2.59 billion) sale. bit.ly/2xBJmgc
– Boots UK Ltd issued a legal warning to a pregnancy charity over its public campaign for more affordable emergency contraception, it has emerged. bit.ly/2xB5XcR
The Independent
– Six new banks have joined UBS Group AG -led effort to create a digital cash system that would allow financial markets to make payments and settle transactions quickly via blockchain technology. ind.pn/2xAYTNc
– The amount of money flowing into cash ISAs has fallen dramatically in the most recent financial year, as consumers have been put off by low interest rates and a change in taxes. ind.pn/2xBqHkr
via http://ift.tt/2woHIjj Tyler Durden