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Friday, August 22, 2014

Business Today: Futures edge lower on Ukraine tension; Yellen on tap

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08/22/2014
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Futures edge lower on Ukraine tension; Yellen on tap
NEW YORK (Reuters) - U.S. stock index futures were slightly lower on Friday, after the latest flare of tensions between Ukraine and Russia and ahead of a speech by Federal Reserve Chair Janet Yellen.
Dollar flatlines ahead of Yellen, Draghi at Jackson Hole
LONDON (Reuters) - The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.
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.
U.S. labor market less flexible than in 1990, economists warn
JACKSON HOLE Wyo. (Reuters) - The U.S. labor market has become steadily less dynamic since 1990, with workers seemingly locked into particular jobs and a more sluggish process of job creation and destruction in the private sector, according to research to be presented to global central bankers on Friday.
Russia keeps up pressure on McDonald's with new sanitary inspections
MOSCOW (Reuters) - Russian authorities extended their scrutiny of McDonald's to several regions on Friday, carrying out inspections at a number of restaurants run by the U.S. fast-food chain, amid a standoff with the West over Ukraine.
Argentina slams U.S. Judge Griesa for 'imperialist' attitude
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.
Germany clears $6.9 billion RWE unit sale to Russian investor
FRANKFURT/BERLIN (Reuters) - Germany's economy ministry approved the sale of utility RWE's oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis.
China regulators says Qualcomm seeks to end anti-trust probe
BEIJING (Reuters) - U.S. chipmaker Qualcomm Inc is seeking to end an investigation by China's pricing regulator into monopoly practices, the company said on Friday, expressing its willingness to improve and correct pricing issues according to the regulator.
U.S. federal prosecutors questioning GM lawyers on vehicle recalls: source
(Reuters) - U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.
Co-Op Bank losses narrow on branch closures, staff cuts
LONDON (Reuters) - Britain's Co-operative Bank reported a narrower loss for the first six months of 2014 after axing jobs and closing branches following a restructuring that saw it fall under the control of bondholders.
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