Top News & Analysis United States

  • NEW YORK, Aug 26- The dollar rallied to a two-week high against the yen and Swiss Franc on Friday in volatile trading as investors focused on Federal Reserve Chair Janet Yellen's comments on an improving U.S. economy that bolstered the case for an interest rate increase. The dollar, however, then rose as traders re-assessed her words and took into account hawkish...

  • NEW YORK, Aug 26- U.S. Treasury yields rose to more than one-month highs on Friday as investors considered whether the Federal Reserve is likely to raise interest rates at its September meeting, after hawkish but noncommittal comments Speaking at the annual gathering of central bankers in Jackson Hole, Wyoming, Yellen said the case for a U.S. interest rate...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • NEW YORK, Aug 26- Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent crude futures settled at $49.92, up 25 cents or 0.5 percent. U.S. crude ended the session 31 cents higher at $47.64.

  • SAN FRANCISCO— A U.S. court has the authority to hear a trademark lawsuit by grocery chain Trader Joe's against a man who purchased the company's products and resold them in Canada at "Pirate Joe's," a store designed to mimic a real Trader Joe's, a federal appeals court said Friday. The 9th U.S. Circuit Court of Appeals overturned a district court's decision to...

  • STERLING HEIGHTS, Mich., Aug 26- Fiat Chrysler Automobiles has been approached by several suitors for its components business Magneti Marelli, the carmaker's chief executive said on Friday, without giving names or mentioning how many had shown interest. Sergio Marchionne also indicated it is still possible that FCA will continue production of the compact...

  • WASHINGTON, Aug 26- For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed policymaker and other...

  • Aug 26- Pro Farmer, a farm advisory service, on Friday predicted that U.S. average corn yields in 2016 will be 170.2 bushels per acre, or enough to produce a record-large 14.728 billion-bushel crop. The figures compare with the U.S. Agriculture Department's latest forecast of 15.153 billion bushels on a yield of 175.1 bushels per acre. USDA earlier this month...

  • NEW YORK, Aug 26- U.S. stocks were lower in a choppy session on Friday, with stocks bouncing between gains and losses as investors grappled with the possible timing of a U.S. interest rate hike after comments from Federal Reserve officials, including Chair Janet Yellen. The S&P 500 rose as much as 0.7 percent in the wake of a speech by Yellen in Jackson Hole, Wyoming...

  • CHICAGO— Insurance companies will be required to locate beneficiaries of unclaimed life insurance policies in Illinois and pay them money they're owed under legislation that Gov. Frerichs said his office has identified more than $550 million in unpaid benefits owed to Illinois residents since 2011 and that $7.4 billion has been identified nationally.

  • *Yellen, Fischer comments on rate hike hit Wall Street gains. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The dollar's reaction was almost...

  • Aug 26- The U.S. Food and Drug Administration recommended on Friday that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The agency's move to expand its previous guideline for blood screening comes after Florida officials on Tuesday announced the...

  • NEW YORK, Aug 26- U.S. public universities are increasingly turning to public-private partnerships to develop student housing and other campus projects, sometimes using the structure to transfer borrowing and liability risks to the private sector. Over the last five years, there has been an "uptick" in universities and colleges leveraging the private sector...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 81 explored for natural gas this week. Colorado, Louisiana, Ohio, Texas and West Virginia each declined by one. Alaska, Arkansas, California, Kansas, New Mexico, North Dakota, Oklahoma and Utah were unchanged.

  • NEW YORK, Aug 26- A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger's price-fixing lawsuit against them on hold, while they appeal his refusal to let them arbitrate the dispute. District Judge Jed Rakoff in Manhattan said the defendants had not made a "strong showing" that their appeal would...

  • Aug 26- Energy Future Holdings Corp, Texas' biggest power company, won U.S. court approval on Friday for a plan that will allow the bulk of its operations to exit Chapter 11 after two years of battling creditors. Dallas- based Energy Future filed for bankruptcy in April 2014 when weak electricity prices left it unable to service $42 billion in debt, mostly related to...

  • Aug 26- Diagnostic-testing company Alere Inc said on Friday it sued Abbott Laboratories in an attempt to force the company to move ahead with its $5.8 billion takeover of Alere. It said the complaint was filed Thursday in Delaware Chancery Court yesterday and should be made publicly available next week. Alere has received two U.S. Department of Justice...

  • BOISE, Idaho— Idaho, Oregon and Washington have shutdown online sales of hunting and fishing licenses amid concerns a vendor's computer system has been hacked and personal information is at risk. Washington state on Friday announced free fishing through Tuesday because it has gone a step further than the other two states and halted all license sales.

  • CANTON, Mass., Aug 26- A Massachusetts judge on Friday told attorneys to see if they could agree to resolve at least parts of a lingering family dispute over the fate of the empire built by Sumner Redstone, the controlling shareholder of Viacom Inc.. Judge George Phelan gave the instruction before declaring a break in a hearing on Friday that is part of the ongoing...

  • JACKSON HOLE, Wyoming, Aug 26- To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual policy...