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Wall St rebounds on news of Russia de-escalation

NEW YORK - U.S. stocks rebound, with major indexes hitting session highs and erasing losses from the week after Russia's defense ministry says it is ending military exercises near the Ukrainian border. (MARKETS-USA-STOCKS (UPDATE 3), moving shortly by Akane Otani, 490 words)

+ See also:

- MARKETS-GLOBAL/ (WRAPUP 7), moved, by Marc Jones, 900 words

Pfizer confronts surge of lawsuits over Lipitor

Pharmaceutical giant Pfizer is facing a mounting number of lawsuits by women who say the company knew its blockbuster anti-cholesterol drug Lipitor was linked to a small increased risk of type-2 diabetes but never properly warned the public. (PFIZER-LIPITOR/LAWSUITS (INSIGHT), moved, by Jessica Dye, 900 words)

Boeing 787 output hiccups reemerge at two sites -sources

New York/Seattle - Boeing shifts some 787 production work outside Everett, Washington, factory to keep up with production targets, while fuselage sections stack up in Wichita, Kansas, sources say. (BOEING-787/ (EXCLUSIVE, PIX), expect by 2100 GMT/ 5 PM ET, by Alwyn Scott, 600 words)

Argentina holds zero hopes of quick debt fix by U.S. judge

BUENOS AIRES - Argentina has no expectations that the U.S. judge at the center of its debt battle with holdout investors that has plunged the country into default will take steps to help resolve the saga, a senior government minister says.(ARGENTINA-DEBT/ (UPDATE 3), expect by 2100 GMT/ 5 PM ET, by Richard Lough, 650 words)


Goldman, JPMorgan in crosshairs for commodities holdings

WASHINGTON - U.S. Senator Carl Levin is preparing a last push to bring Wall Street's big commodity traders to heel during his final months in office, wrapping up a nearly two year-long probe that could potentially reveal abuses in energy and metals markets. (USA-COMMODITIES/LEVIN (EXCLUSIVE, PIX), moved, by Patrick Rucker, 660 words)


U.S. productivity rebounds in second quarter, wage inflation muted

WASHINGTON - U.S. nonfarm productivity rebounded more strongly than expected in the second quarter, but a sharp slowdown in unit labor costs points to still-tame wage pressures that could give the Federal Reserve room to keep interest rates low for a while. (USA-ECONOMY/ (WRAPUP 2, GRAPHICS), moved, by Lucia Mutikani, 610 words)

OPEC sees lower 2014 oil demand growth, pumps more

LONDON - OPEC trims its 2014 global oil demand growth forecast for a second consecutive month and says the group managed to increase output in July despite violence in Iraq and Libya, pointing to more comfortable global supplies. (OPEC-OIL/ (UPDATE 1), moved, by Alex Lawler, 420 words)


McDonald's casts doubt on sales outlook after China food scare

McDonald's Corp says its global sales forecast for 2014 is at risk after a China food scandal drove away diners and forced the chain to scramble to find new suppliers of ingredients for Chicken McNuggets and Big Macs. (MCDONALDS-SALES/ (UPDATE 3, GRAPHIC), moved, by Lisa Baertlein and Sruthi Ramakrishnan, 500 words)

Zynga investors seen having to wait longer for growth

Investors in mobile game publisher Zynga Inc, whose shares are down more than 70 percent since it went public in 2011, will have to wait until at least next year to see if the company can grow profitably, analysts said, after the "Farmville" creator cut its 2014 revenue outlook. (ZYNGA-STOCKS, moved, 400 words)

Hachette Book Group drops plan to buy Perseus

U.S. publisher Hachette Book Group, owned by France's Lagardere SCA, drops its plan to buy unlisted Perseus Books Group, a spokeswoman for Hachette confirms. (HACHETTE-PERSEUSBOOK/DEALS (UPDATE 1), moved, 360 words)