WASHINGTON, Aug 27- International Business Machines Corp on Wednesday launched a computer system that can quickly identify patterns in massive amounts of data, an ability that IBM said should hasten breakthroughs in science and medical research. IBM will make the service available through the cloud.» Read More
FED'S EVANS: LOW INFLATION, HIGH UNEMPLOYMENT MEAN FED WILL KEEP RATES NEAR ZERO' WELL INTO' 2015.
EVANS: THERE IS SIGNIFICANT EVIDENCE THAT FED'S SUPER-EASY POLICIES HAVE SUPPORTED U.S.
EVANS: FED POLICY NEEDS TO REMAIN HIGHLY ACCOMMODATIVE FOR SOME TIME.
EVANS: MACROPRUDENTIAL POLICY IS THE APPROPRIATE TOOL TO MITIGATE FINANCIAL STABILITY RISKS.
EVANS: MONETARY POLICY IS NOT THE BEST TOOL TO ADDRESS FINANCIAL EXUBERANCE.
EVANS: HAVE SEEN NO CONVINCING ARGUMENT THAT RAISING RATES TO ADDRESS STABILITY RISKS PASSES COST-BENEFIT TEST.
EVANS: FED AND MARKET EXPECTATIONS SUGGEST 7 YEARS OF NEAR-ZERO RATES BEFORE FED RAISES THEM.
EVANS: CURRENT 1- PCT INFLATION CALLS FOR EXTENDED POLICY ACCOMMODATION.
EVANS: INFLATION IN THE U.S.
*Wheat for delivery in May on the Chicago Board of Trade was down half a percent at $7.06-3/ 4 a bushel by 0104 GMT. *Wheat gained 3 percent on Monday and another 2 percent on Thursday amid forecasts for dry weather in southern U.S. *Chicago corn was little changed at $4.91-1/ 2 a bushel after hitting a near three-week high of $4.92-3/ 4 on Thursday on strong U.S. exports.
SAN DIEGO, March 27- Hundreds of potential buyers are bidding on tons of tools, equipment and odds-and-ends from a shuttered Southern California nuclear plant, as a utility proceeds with decommissioning it.
March 27- Twitter Inc plans to release a mobile-advertising product in the next few weeks that will allow app-makers to encourage downloads of their software, Bloomberg reported citing people familiar with the matter.
TOKYO, March 28- Japan's core consumer prices rose for a ninth straight month in March from a year earlier and labour demand improved- further evidence the economy is making headway against years of deflation and stagnation.
BEIJING, March 28- China has the policies in place to deal with any economic volatility this year, Premier Li Keqiang was quoted by state media as saying, a sign of the latest official stance on bolstering the economy.
SINGAPORE, March 28- Gold recovered slightly on Friday after sharp overnight declines but the metal remained near six-week lows and on track for a second straight weekly decline, as improving sentiment over the U.S. economic outlook dented its safe-haven appeal.
Judge Cheryle Gering of the Union County Circuit Court ruled on Thursday that Beef Products Inc may pursue most of its case against ABC, a unit of Walt Disney Co, and others including news anchor Diane Sawyer and reporter Jim Avila.
*Ukraine won a $27- billion international financial lifeline on Thursday, rushed through in the wake of Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad.
KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by Central Exchange- 1715 GMT. KRONBERG, Germany- Bundesbank President Jens Weidmann speaks at the spring meeting of the Market Economy Foundation in Kronberg on "Principles of the market economy in a currency union"- 1730 GMT.
*Morgan Stanley tops global rankings. LONDON, March 28- A string of large transactions drove the value of global mergers and acquisitions activity up by 54 percent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.
LONDON, March 28- Buyout firms are finding it harder to take part in mergers and acquisitions as the lure of stronger equity markets persuades more funds seeking to exit assets to try their luck with a public share sale or turn to cash-rich corporate buyers.