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Fed's Yellen calls for caution on rates; Draghi says ECB ready to act

JACKSON HOLE Wyo. - The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labor market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike. | Video

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HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

NEW YORK - HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.

McDonald's replaces U.S. chief for the second time in two years

- McDonald's Corp is replacing its U.S. president for the second time in two years, a move that suggests increased pressure on Chief Executive Don Thompson to improve sales in the fast food chain's home market.

3:26pm EDT

Dynegy cuts exposure to wholesale power with deals worth $6.25 billion

- Power company Dynegy Inc said on Friday that it would buy coal and gas power plants for $6.25 billion to increase its presence in two less regulated eastern U.S. markets, sending its shares up as much as 22.5 percent.

FAA certifies Boeing 787-9 with GE engines: document

SEATTLE - The FAA has certified Boeing Co's 787-9 Dreamliner for use with General Electric Co engines, clearing the way for first deliveries of the new aircraft with the U.S.-made engines expected later this month.

3:15pm EDT

Wylys' lawyer warns SEC's $729 million claim would bankrupt them

NEW YORK - A lawyer for Texas tycoon Sam Wyly and his late brother Charles' estate told a federal judge on Friday that a U.S. securities regulator's demand for $729 million in damages for a fraudulent offshore scheme would "bankrupt" them.

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