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  • TORONTO, Aug 28- The chief executive of infidelity website Ashley Madison's parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by "mutual agreement" and its existing senior management team would take over until a new...

  • ALBERTA ENERGY MINISTER SAYS CURRENT OIL, GAS ROYALTY FRAMEWORK WILL REMAIN IN PLACE UNTIL END OF 2016.

  • German car makers are reviewing how many vehicles to send to China or the U.S., and U.S. dealers say they expect to get more Mercedes, Audi and BMW sport utility vehicles to sell as a result. Most global automakers have significant manufacturing operations in China they want to keep running. Before the market declines and the currency devaluation, demand for SUVs...

  • WASHINGTON, Aug 28- The White House on Friday said the Justice Department is considering its options after a U.S. district court blocked a federal clean water rule from going into effect in certain states. "The administration strongly disagrees with this ruling," White House spokesman Josh Earnest said in a briefing. The U.S. District court in North Dakota granted...

  • JACKSON HOLE, Wyo., Aug 28- Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong. Louis Fed President James Bullard told Reuters he still favored hiking rates at...

  • WHITE HOUSE, ASKED ABOUT DISTRICT COURT'S EPA WATER RULING, SAYS ADMINISTRATION DISAGREES, DEPARTMENT OF JUSTICE IS WEIGHING ITS OPTIONS.

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 28- European stocks closed out a rollercoaster week with modest gains on Friday, although a leading regional equity index was still on track for its worst month in four years due to underlying concerns over China. Fears of a global economic slowdown, which intensified after China devalued its...

  • WASHINGTON, Aug 28- Two weeks of joint testing of the Lockheed Martin Corp F-35 fighter jet at a California air base by the Royal Netherlands Air Force showed that the new stealthy jets are able to share a significant amount of data with older warplanes, the pilot in charge of Dutch F-35 testing told Reuters. Colonel Albert De Smit, commander of the Netherlands...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • NEW YORK, Aug 28- The dollar rose to one-week highs on Friday, for a fourth straight session of gains, on rate-hike remarks by a senior Fed official and generally positive U.S. data that supported the notion the world's largest economy was on a stable growth path. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank...

  • NEW YORK— Shares of GameStop skidded Friday after the video game retailer reported strong second-quarter results but gave a forecast that disappointed Wall Street. GameStop said sales of downloadable content for "Batman: Arkham Night" and "Witcher 3" powered its results, and the company's adjusted profit and revenue came in above Wall Street estimates.

  • JACKSON HOLE, Wyo., Aug 28- The Swiss National Bank hopes its policies of negative interest rates and a willingness to intervene in the currency market will weaken the overvalued Swiss franc over time, its chairman wrote in a conference paper published on Friday. Switzerland's export-reliant economy has been hampered by a surge in the franc after the SNB removed...

  • *Freeport-McMoRan rises after Icahn discloses stake. Aug 28- U.S. stocks slipped on Friday after comments from an influential member of the U.S. Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic data had been impressive.

  • *Gasoline rally, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped 6 percent on Friday as a rally in gasoline prices and air raids in Yemen prompted traders to scramble for a second day to cover short positions, while market players also kept an eye on a storm that appeared to be approaching the oil-rich U.S. U.S. crude's front-month was up...

  • WASHINGTON— Federal Reserve Vice Chairman Stanley Fischer said Friday that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. But he stressed that the Fed is watching how events unfold following the surprise Aug. 11 move by China to devalue its currency. But it could ultimately hurt the...

  • NEW YORK— Shares of Freeport-McMoRan jumped Friday, a day after it announced cost-cutting plans and activist investor Carl Icahn disclosed that he bought a stake in the mining company. Freeport-McMoRan said Thursday that it would cut costs and reduce spending due to falling copper prices and soft economic conditions around the world. Shares of...

  • MAGNITUDE 5.3 EARTHQUAKE STRIKES 213 KM SOUTH-EAST OF IWO JIMA, JAPAN- USGS.

  • MOSCOW, Aug 28- Russian consumer electronics and white goods retailer M.video said its online sales surged in the past week as a renewed weakening in the rouble prompted some consumers to splash out on durable goods. The rouble fell sharply against the dollar on Aug. 24, approaching its 2015 low, as prices of oil, Russia's chief export, skidded.

  • *Consumer spending rises 0.3 percent in July. WASHINGTON, Aug 28- U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. The Commerce Department said consumer spending, which accounts for more than...

  • SANTIAGO, Chile— Chile's state-run copper giant Codelco says its profit plunged more than 30 percent in the first half of 2015 from the previous year because of tumbling prices for the metal. The world's largest copper company said Friday it earned $875 million in the first semester compared to $1.3 billion in the same period a year ago. The company has been hard...