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Friday, August 22, 2014

Daily Investor Briefing: Yellen says job market still in...

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08/22/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Yellen says job market still in recovery
JACKSON HOLE Wyo. (Reuters) - Federal Reserve Chair Janet Yellen called for a "pragmatic" approach to U.S. monetary policy on Friday, amid calls by hawkish members of the central bank's policy committee for a quick rise in interest rates due to tightening labor markets and inflationary risks.
Argentina slams U.S. judge as 'imperialist,' peso halts rout
BUENOS AIRES (Reuters) - Argentina on Friday accused the U.S. judge who called the country's new debt restructuring plan illegal of making "imperialist" comments against the South American nation.
Goldman nears $1.1 billion payment to FHFA: Financial Times
(Reuters) - Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities (MBS), the Financial Times reported.
S&P 500, Dow end lower after Ukraine tension escalates
NEW YORK (Reuters) - Stocks ended mostly lower on Friday as Ukraine-Russia tensions reignited and remarks from Federal Reserve Chair Janet Yellen failed to give investors any clues on interest rate hikes.
Dynegy cuts exposure to wholesale power with deals worth $6.25 billion
(Reuters) - Power company Dynegy Inc said on Friday that it would buy coal and gas power plants for $6.25 billion to increase its presence in two less regulated eastern U.S. markets, sending its shares up as much as 22.5 percent.
McDonald's replaces U.S. chief for the second time in two years
(Reuters) - McDonald's Corp is replacing its U.S. president for the second time in two years, a move that suggests increased pressure on Chief Executive Don Thompson to improve sales in the fast food chain's home market.
FAA certifies Boeing 787-9 with GE engines: document
SEATTLE (Reuters) - The FAA has certified Boeing Co's 787-9 Dreamliner for use with General Electric Co engines, clearing the way for first deliveries of the new aircraft with the U.S.-made engines expected later this month.
Wylys' lawyer warns SEC's $729 million claim would bankrupt them
NEW YORK (Reuters) - A lawyer for Texas tycoon Sam Wyly and the estate of his late brother Charles told a federal judge on Friday that a U.S. securities regulator's demand for more than $729 million in damages would "bankrupt" the one-time billionaire.
LSE unveils $1.6 billion rights issue for Frank Russell deal
LONDON (Reuters) - London Stock Exchange Group Plc is raising 938 million pounds ($1.6 billion) in its first rights issue of new stock to part fund the acquisition of U.S. indexes group Frank Russell.
Exclusive: Apple iPhone 6 screen snag leaves supply chain scrambling
TOKYO (Reuters) - Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.
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