TOP STORIES 
 
HEDGE FUNDS PILE IN TO BETS AGAINST DEUTSCHE BANK 

Hedge funds that have placed bets against Deutsche Bank are reaping the rewards, amid reports that clients have pulled billions of dollars from the bank amid concerns about its stability.

BANKS LEAD THE WAY IN MARKET REBOUND 

Financial shares rebounded from declines in the previous session, leading U.S. stocks higher Friday. The swings come at the end of a quarter that was relatively calm in the U.S.

VIACOM BOARD NAMING SPECIAL COMMITTEE TO REVIEW CBS MERGER 

Viacom's board is forming its special committee to explore a potential merger with CBS, and most members will be newcomers handpicked by Shari Redstone, according to people familiar with the matter.

NIGERIA CLAIMS OIL MAJORS ILLEGALLY EXPORTED CRUDE 

Nigeria's cash-strapped government is suing some of the world's biggest oil companies on claims they were involved in illegally exporting $12.7 billion of the country's crude to the U.S. between 2011 and 2014.

U.S. CONSUMER SPENDING FLAT IN AUGUST 

U.S. consumers tapped the brakes in August, signaling slower but sustained growth for a key pillar of the economy.

GLAXOSMITHKLINE TO PAY $20 MILLION TO SETTLE SEC BRIBERY PROBE 

GlaxoSmithKline PLC agreed to pay $20 million to settle charges that the drugmaker's Chinese subsidiaries engaged in bribery schemes to increase sales in the Asian country, the Securities and Exchange Commission said Friday.

CONSTELLATION BRANDS EYES $1 BILLION SALE OF CANADIAN WINE BUSINESS 

Constellation Brands Inc. has put its Canadian wine business on the block in an auction that could reap more than $1 billion, say people familiar with the matter.

BMW ISSUES RECALL FOR NEW TAKATA AIR-BAG PROBLEM 

BMW is recalling 4,000 SUVs in the U.S. and Canada to fix a new and potentially deadly problem with Takata air bag inflaters.

NUTANIX SHARES RALLY IN TRADING DEBUT 

Shares of software company Nutanix Inc. rallied in their trading debut Friday, showing warm investor attitudes toward the technology sector in a tepid year for tech IPOs.

FEDEX, UPS RELY ON TECHNOLOGY TO KEEP LID ON SEASONAL HIRING 

Holiday hiring is expected to be flat at package-delivery giants FedEx and United Parcel Service, but that masks efforts behind the scenes to prepare for the coming wave of e-commerce orders.

SANTANDER DOWNGRADES TWO IMPORTANT FINANCIAL TARGETS 

Banco Santander downgraded two of its important financial targets as major European banks feel the strain of a prolonged period of low interest rates and sluggish demand for loans.

EUROZONE INFLATION PICKED UP IN SEPTEMBER 

The eurozone's annual rate of inflation reached its highest level in almost two years during September, but a sustained rise toward the ECB's target remains in doubt.

CANADA GDP ADVANCES IN JULY ON ENERGY GAINS 

Canada's economy expanded in July at a faster-than-expected pace on the back of the commodity sector, which posted its best month-over-month gain in more than six years.

U.S. OIL-RIG COUNT CLIMBS BY SEVEN 

The number of rigs drilling for oil in the U.S. climbed seven in the past week to 425, continuing a trend of increases, according to oil-field services company Baker Hughes Inc.

GLENCORE REVIEWING U.S. ALLEGATIONS AGAINST BUSINESS PARTNER 

Swiss mining giant Glencore is reviewing U.S. prosecutors' allegations that one of its key business partners in the Democratic Republic of Congo bribed government officials to gain access to key resources in the impoverished Central African nation for years.

HONEST CO. TO DROP DISPUTED INGREDIENT IN CLEANING PRODUCTS 

Jessica Alba's Honest Co. is reformulating its laundry detergent and other cleaners, removing an ingredient that has created controversy for the company over its product claims.

MEDIANEWS LAUNCHES PROXY FIGHT AGAINST MONSTER 

Monster Worldwide is facing a potential proxy fight from its largest shareholder, which opposes a pending sale to a Dutch recruitment firm.

AIRBUS TIGHTENS BELT WITH SHAKE-UP 

Airbus Group is to merge headquarters and eliminate an unspecified number of management jobs in a new restructuring plan to improve profitability.

NEW YORK FED'S OVERNIGHT REPO TAKES IN $412.5 BILLION AT QUARTER'S END 

Money-market funds, banks and other eligible financial institutions plowed $412.5 billion into a Federal Reserve overnight investment facility Friday in search of super-safe government debt at the end of the quarter, central bank data show.

PERNOD RICARD TO SELL FRÏ S VODKA BRAND TO SAZERAC 

Pernod Ricard SA has agreed to sell its Danish vodka brand FRÏ S to Sazerac Co. as the French spirits maker continues to refocus its portfolio.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Heard on the Street 
THE ONE-ENGINE ECONOMY 
 

Consumers have been the only thing pushing the U.S. economy along. They could use some help.

 
Technology 
WITH NXP DEAL, QUALCOMM WOULD ADD NEW BUSINESSES, RISKS 
 

Qualcomm is the biggest of a large crop of companies that design computer chips but leave production to partners. Now it is considering a deal that would turn it into a manufacturer, a strategy shift that adds to the substantial risks of buying NXP Semiconductors.

(END) Dow Jones Newswires

September 30, 2016 17:15 ET (21:15 GMT)