Fed’s Yellen calls for caution on rates; Draghi says ECB ready to act
JACKSON HOLE Wyo. (Reuters) – The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks f…
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.
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.
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.
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.
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.
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.
Russia keeps up pressure on McDonald’s with new 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.
GM reviewing timing of Russia plant expansion
MOSCOW (Reuters) – General Motors Co said on Friday it was reviewing the timing of the expansion of its Russian plant near St Petersburg because of a slump in the auto market.
