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  • Amazon developing ad software: Report Saturday, 23 Aug 2014 | 10:00 AM ET
    Amazon CEO Jeff Bezos.

    Amazon is planning to develop its own software for placing advertisements online, The Wall Street Journal reported.

  • Aug 22- Amazon Inc is planning to develop its own software for placing advertisements online, The Wall Street Journal reported, citing people with knowledge of the matter.

  • Aug 22- Pharmacy chain Walgreen Co suffered a system outage for several hours on Friday, taking all of its 8,200 pharmacy outlets offline and delaying prescription orders. The company faced a "technical issue" during a system update and had to bring the entire system offline to resolve it, spokesman Michael Polzin said.

  • Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators for an initial public offering of its common shares. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering, the company said.

  • Goldman Sachs to resolve FHFA claims for $3.15 bln Friday, 22 Aug 2014 | 5:37 PM ET

    Goldman said it would repurchase the securities sold to Fannie Mae and Freddie Mac over the 2005-2007 period.

  • Walgreen stores go offline due to technical glitch Friday, 22 Aug 2014 | 5:21 PM ET

    Aug 22- Pharmacy chain Walgreen Co suffered a system outage for several hours on Friday, taking all of its 8,200 pharmacy outlets offline and delaying prescription orders. The company faced a "technical issue" during a system update and had to bring the entire system offline to resolve it, spokesman Michael Polzin said.

  • Auto parts maker Metaldyne Performance files for IPO Friday, 22 Aug 2014 | 4:55 PM ET

    Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators on Friday to raise up to $150 million in an initial public offering of common stock. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering.

  • Aug 22- 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.

  • Aug 22- McDonald's Corp is changing the leadership at its struggling U.S. division for the second time in two years in a move that may signal increased pressure on Chief Executive Officer Don Thompson.

  • GM opens IT center in Phoenix, Arizona Friday, 22 Aug 2014 | 12:00 PM ET

    Aug 22- General Motors Co said it opened a fourth IT center in the United States in Phoenix, Arizona as it aims to improve performance and cut operational costs. The automaker said it expects to hire 1,000 employees at the center over the next five years. GM's three other IT centers are in Warren, Michigan, in Austin, Texas and in Roswell, Georgia.

  • Aug 22- 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. Dynegy shares rose as much as 22.5 percent in early trading.

  • Aug 22- McDonald's Corp named former executive Mike Andres as president of McDonald's USA replacing Jeff Stratton, as part of efforts to arrest falling sales in its home market.

  • Aug 22- K-cup coffee pod maker Keurig Green Mountain Inc said it signed a deal to make and sell Kraft Foods Group Inc's coffee in packs compatible with its brewing machines. Shares of Keurig, in which Coca-Cola Co has a stake, rose nearly 10 percent at a record high of $128.82.

  • Aug 22- Japan's Murata Manufacturing Co Ltd said it would buy the part of U.S. radio frequency chipmaker Peregrine Semiconductor Corp it does not already own for $465 million in cash, as it looks to strengthen its RF business.

  • Aug 22- Murata Electronics North America Inc said it would buy the rest of chipmaker Peregrine Semiconductor Corp it does not already own in an all-cash deal valued at $465 million. The offer price of $12.50 per share is at a premium of 62.5 percent to Peregrine's Thursday close of $7.69.

  • India's wettest state to go dry - in 10 years Friday, 22 Aug 2014 | 8:17 AM ET

    BANGALORE, Aug 22- India's wettest state is planning to dry out, drop by drop. Kerala Chief Minister Oommen Chandy, quoted in local media, said the state government was in favor of "total prohibition". "How are we going to compete with Sri Lanka and Thailand?"

  • Aug 22- U.S. power company Dynegy Inc said on Friday that it would buy coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals totaling $6.25 billion.

  • Aug 22- U.S. power company Dynegy Inc said on Friday that it would buy 12,500 megawatts of coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals valued at $6.25 billion. The deal will almost double Dynegy's power-generation capacity.

  • Citigroup faces curbs on hedge fund sales: Report Friday, 22 Aug 2014 | 6:24 AM ET

    Citigroup says it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the SEC, according to the WSJ.

  • Aug 21- 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.