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Top News & Analysis United States

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  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. Warplanes from a Saudi-led coalition killed 10 people in air...

  • CHICAGO, Aug 28- United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executives told Reuters. The new initiatives aim to narrow the gap in performance between United Continental Holdings Inc and Delta Air Lines Inc, which has the best on-time...

  • On Thursday the National Labor Relations Board ruled the owner of a California recycling plant was a "joint employer" with the contractor that hired workers at the plant, essentially forcing both to bargain with the union together. Unions see the decision as a breakthrough not just in efforts to help employees organizes at franchisees of McDonald's Corp and...

  • SAN FRANCISCO— Twitter is setting modest goals to diversify its workforce while it fights a proposed class-action lawsuit that says the online messaging service discriminates against its female employees. The San Francisco company also wants women to make up 25 percent of its leadership roles, from 22 percent now, and is promising to hire more blacks and...

  • SAN FRANCISCO, Aug 28- Uber Technologies Inc has hired two top vehicle security researchers, the company said on Friday, additions to its staff that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter Inc, and Chris Valasek, who worked at security firm IOActive, left their jobs on...

  • NEW YORK, Aug 28- A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase& Co is in talks to resolve his criminal case, according to court papers filed Friday. Should a plea deal be reached, it could be a breakthrough for authorities investigating the hacking of...

  • Aug 28- Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. "A lot of investors are rebalancing their portfolios before going into the weekend," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin.

  • NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Freeport-McMoRan Inc., up 31 cents to $10.50. Big Lots Inc., up $6.58 to $48.58.

  • *China central bank injects liquidity into market. NEW YORK, Aug 28- A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crude jumped more than 6 percent as a rally in...

  • NEW YORK— A Transportation Security Administration officer has been accused of luring a passenger into a bathroom at New York's LaGuardia Airport and molesting her. Port Authority of New York and New Jersey police spokesman Joe Pentangelo says TSA officer Maxie Oquendo was arrested Thursday. Prosecutors say Oquendo approached the woman Tuesday as she was...

  • The FDA said it had identified 33 cases of severe joint pain in patients taking a class of drugs known as DPP-4 inhibitors between Oct. 16, 2006, when the first one was approved, through Dec. 31, 2013. Five cases were reported with AstraZeneca Plc's Onglyza, two with Boehringer Ingelheim's Tradjenta, and one with Takeda Pharmaceutical's Nesina.

  • NEW YORK, Aug 28- The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank can't wait for the case on hiking...

  • JACKSON HOLE, Wyo., Aug 28- The U.S. Some top policymakers, including Fed Vice Chairman Stanley Fischer, said the recent volatility in global markets could quickly ease and possibly pave the way for the first U.S. rate hike in nearly a decade. With a key policy meeting set for Sept. 16-17, at least five Fed officials spoke publicly in what amounted to a jockeying for...

  • WASHINGTON— Figures on government spending and debt.

  • *Doubts about China persist despite stabilization. NEW YORK, Aug 28- U.S. So I wouldn't want to go ahead and decide right now what the case is: more compelling, less compelling, et cetera, "Fed Vice Chairman Stanley Fischer told CNBC television on Friday when asked about the prospect of a September interest rate hike.

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude rose 6 percent on Friday, notching its first weekly gain in two months, after a rally in gasoline from refinery outages and concerns about strife in Yemen fed a second frenzied day of short-covering in oil. "A severely oversold and shorted oil market is creating a bid for covering...

  • NEW YORK— Oil prices surged again Friday, a day after recording their biggest gain in more than six years. U.S. crude rose 6.3 percent to finish at $45.22 per barrel after climbing 10.3 percent on Thursday. The price of U.S. oil averaged more than $90 a barrel from 2011 through 2014. On Monday, U.S. crude closed below $40 a barrel for the first time since February 2009.

  • Aug 28- Wall Street was moderately lower on Friday afternoon after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected. Many on Wall Street have hoped the recent global market turbulence and worries about China's economy would lead the Fed to hold off raising rates, an expectation...

  • The U.S. Agriculture Department, which oversees the Forest Service, is spending more than $150 million a week beating back several dozen blazes, he said. Senator Ron Wyden, an Oregon Democrat who is co-sponsor of a bipartisan bill that would assign national disaster status to the largest 1 to 2 percent of wildfires, freeing up emergency funding and preventing...

  • *Gold down 2.3 pct for the week. *Palladium posts largest two-day gain since 2008. NEW YORK/ LONDON, Aug 28- Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data.