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  • District Judge Thomas Griesa told lawyers at Cleary Gottlieb, which represents Argentina, that the country has made several false, misleading statements after he ordered the nation to stop doing so last week. Argentina and holdout hedge funds that were awarded $1.33 billion plus interest by Griesa have been unable to come to a settlement.

  • NEW YORK, Aug 8- The Dow and S&P 500 posted their biggest percentage gains since early March on Friday after news that Russia was ending military drills near the Ukrainian border.

  • NEW YORK, Aug 8- Boeing has pushed some factory work on the 787 Dreamliner to the uncovered tarmac outside its assembly plant in Washington state in an effort to keep churning out the popular plane at a rate of one every three days, according to people with knowledge of the situation.

  • CHICAGO, Aug 8- U.S. grain shipments out of the largest terminal in the Pacific Northwest are facing major delays as grain inspectors remain off-site because of a labor dispute, and concerns are growing that the backlogs will get much worse when bumper harvests roll in.

  • *U.S. launches air strike in Iraq. The United States launched its first air strike against Iraq since American troops withdrew from the country in 2011. Fighting has also resumed in Gaza between Palestinian militants and Israel, while the conflict between Russia and Ukraine remained on investors' radar.

  • NEW YORK, Aug 8- Wall Street rallied on Friday after Russia said it ended military drills near Ukraine, easing investor nervousness about tensions in the region, but bond yields fell in key markets worldwide after U.S. President Barack Obama authorized air strikes in Iraq.

  • VANCOUVER, Aug 8- A massive waste spill at a gold and copper mine in British Columbia could delay, or even derail, other energy and mining projects planned in the famously "green" West Coast Canadian province.

  • Verizon, the biggest U.S. carrier, said last month that the top 5 percent of high-speed data users on its older unlimited data plans might experience slower speeds starting in October.

  • SAN FRANCISCO, Aug 8- Google Inc has agreed to create a $250 million internal program to disrupt rogue online pharmacies as part of a deal to end shareholder litigation over accusations the search company improperly allowed ads from non-U.S. drug sellers.

  • GRAINS-Wheat pulls back, registers weekly gain Friday, 8 Aug 2014 | 3:37 PM ET

    *Corn posts first weekly gain in seven weeks. *Attention turning toward Tuesday's USDA report. Worries by wheat investors this week about escalating tensions between Russia and Ukraine, plus concern about poor quality in the western European harvest, sparked short-covering in Chicago after the price hit a four-year low last month.

  • Aug 8- McKesson Corp agreed to pay $18 million to settle U.S. charges that it violated its contract with the Centers for Disease Control and Prevention by falsely assuring that it had been shipping vaccines at the correct temperature.

  • SAN FRANCISCO, Aug 8- A U.S. judge on Friday rejected a $324.5 million settlement between tech workers and companies including Apple and Google in a lawsuit accusing the companies of conspiring to avoid poaching each other's workers. District Judge Lucy Koh in San Jose, California, said the proposed settlement amount "falls below the range of reasonableness."

  • Treasuries yields on Friday hit 14- month lows on anxious buying driven by American airstrikes against Islamist militants in Iraq before U.S. debt prices eased on news that Russia was winding up military exercises near the Ukraine border.

  • Hacking group wants to play nice with automakers Friday, 8 Aug 2014 | 3:20 PM ET

    LAS VEGAS, Aug 8- A group of well-known hackers and security professionals are trying to build better ties with the auto industry in an effort to enlist their help in improving vehicle security, one of the hottest areas of cyber research.

  • NEW YORK/ LONDON, Aug 8- Gold fell on Friday, pressured by a lack of physical buyers and gains on Wall Street, but a U.S. air strike in Iraq and tensions in Middle East supported prices, which stayed above $1,300 an ounce. Gold was up around 1 percent for the week, its first weekly increase in four weeks.

  • *Major indexes at session high after Russia report. NEW YORK, Aug 8- U.S. stocks rose Friday, with major indexes hitting session highs and erasing losses from the week, buoyed by news that Russia was ending military drills near the Ukrainian border that the U.S. had rapped as being "provocative."

  • The World Health Organization has declared the West African epidemic a public health emergency, reviving interest in antiviral drugs that could treat Ebola. Companies such as Tekmira Pharmaceutical Corp, BioCryst Pharmaceuticals Inc and NanoViricides Inc have drugs that are still in pre-clinical trials, meaning they are yet to be tested in humans.

  • DETROIT, Aug 8- General Motors said on Friday it is recalling 269,000 vehicles to fix a variety of defects. The largest of the five recalls involves 202,115 Saturn Vue crossovers from model years 2002-2004 to replace faulty ignition cylinders. GM said the ignition key in some cases can be removed while the vehicle is running.

  • SOFIA, Aug 8- Bulgaria's central bank has asked the International Monetary Fund to carry out an in-depth review of the Balkan country's financial sector following its worst banking crisis since the 1990 s, it said on Friday.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 P M ET Friday, 8 Aug 2014 | 2:38 PM ET

    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.