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Wyoming

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  • Yellen signals uncertainty about a rate increase Saturday, 23 Aug 2014 | 12:02 AM ET

    JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. The picture is still hazy. "Uncertainty is the key word," said Ian Shepherdson, chief economist at Pantheon Economics.

  • JACKSON HOLE, Wyo, Aug 22- The European Central Bank is prepared to respond with all its "available" tools should inflation in the euro zone drop further, ECB President Mario Draghi said on Friday in remarks that opened the door to possible policy action in September.

  • Business Highlights Friday, 22 Aug 2014 | 5:44 PM ET

    Yellen: Job market makes Fed hesitant on rate hike. JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. North Texas, SMU and Troy University will begin beer sales to the general public this season.

  • Correction: Oil Spill-Land Conservation story Friday, 22 Aug 2014 | 5:37 PM ET

    HOUSTON— In a story Aug. 21 about a new state park planned for southeast Texas, The Associated Press erroneously reported the amount of money from a BP and Transocean fund that was used to buy the land. Conservationists team up to buy Texas bayside ranch with $30 M from BP's 2010 oil spill fund.

  • *Yellen affirms view U.S. jobless rate understates slack. JACKSON HOLE, Wyo., Aug 22- 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 for a near-term rate hike.

  • NEW YORK, Aug 22- 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. He called on Russia to "stop destabilizing Ukraine.

  • *Fed's Yellen seen as more balanced in her Jackson Hole speech. NEW YORK, Aug 22- The dollar rose to its highest in more than 11 months against a basket of currencies on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the U.S. economy and monetary policy in remarks to central bankers.

  • US rig count down 17 to 1,896 Friday, 22 Aug 2014 | 3:04 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell 17 this week to 1,896.. Of the major oil- and gas-producing states, Kansas gained two rigs while Arkansas, Louisiana, West Virginia and Wyoming each rose by one.

  • Jackson Hole demonstrators rally against rate hike Friday, 22 Aug 2014 | 2:46 PM ET

    JACKSON HOLE, Wyoming— Shadowing central bankers and economists at the annual Federal Reserve conference here, a group of about 10 demonstrators pressed Fed Chair Janet Yellen not to yield to pressure to raise interest rates.

  • JACKSON HOLE, Wyo, Aug 22- European Central Bank chief Mario Draghi is confident that stimulus steps announced in June, helped by a weaker euro, will boost demand in the ailing euro zone economy, but stressed on Friday that the central bank stands ready to do more.

  • Draghi: ECB can't do it all, governments must act Friday, 22 Aug 2014 | 2:30 PM ET

    FRANKFURT, Germany— European Central Bank head Mario Draghi said Friday the bank is ready to do more to boost the shaky recovery in the 18 countries that use the euro— but warns governments must join in efforts to reduce stubbornly high unemployment.

  • JACKSON HOLE, Wyo., Aug 22- The Federal Reserve is "mired" in debate over corners of the U.S. labor market that it has little chance of improving, and it should instead prepare the public for an interest-rate rise, a Fed official known for his hawkish views said on Friday.

  • NEW YORK, Aug 22- Wall Street and other stock markets paused while the dollar rose on Friday after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously, while worsening Ukraine tensions dogged trading.

  • *Russia aid convoy crossed border without OK, Ukraine says. Ukraine declared on Friday that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of trucks across the border into eastern Ukraine.

  • Expectations of ECB help drive down eurozone rates Friday, 22 Aug 2014 | 1:37 PM ET

    Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling. They will be closely watching ECB President Mario Draghi's speech for more clues later Friday at a global banking conference in Jackson Hole, Wyoming.

  • JACKSON HOLE, Wyo., Aug 22- 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.

  • U.S. crude for October was down 87 cents at $93.11 a barrel by 11:13 a.m. EDT. "I think the market is still reflecting on the big build in Cushing this week," said Dominick Chirichella, senior partner at Energy Management Institute.

  • NEW YORK/ LONDON, Aug 22- Gold prices edged up on Friday as U.S. equities slipped, but gains were limited by fears over deflation after Federal Reserve Chair Janet Yellen said U.S. labor markets remain hampered by the effects of the Great Recession. Gold prices continued to hover just above a two-month low reached on Thursday.

  • *Russian aid convoy enters Ukraine without permission. *EU, Nato condemn action but Ukraine says will not use force. The latest development in the Ukraine crisis, which has led Russia and the West to impose economically damaging sanctions on each other, initially prompted investors to seek refuge in top-rated assets.

  • *European shares wobble as Russia convey enters Ukraine. NEW YORK, Aug 22- The high-flying dollar moved higher again on Friday after Federal Reserve Chair Janet Yellen said the worrisome U.S. labor markets requires policymakers to move cautiously when eyeing interest rate hikes. Tensions over Ukraine increased and blunted a European stocks run-up, and U.S.