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Fed in 'real debate' on rate hike in early to mid-2015: Lockhart

JACKSON HOLE Wyo. - The U.S. Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement as soon as next month, Atlanta Fed President Dennis Lockhart said on Saturday.

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Market leaders seen taking S&P 500 to 2,000

NEW YORK - U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to - if not far past - the 2,000 milestone.

22 Aug 2014

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

22 Aug 2014

French economy minister says austerity measures sapping growth

PARIS - Austerity measures being pursued by France and elsewhere in the euro zone are quashing growth, French Economy Minister Arnaud Montebourg was quoted saying on Saturday, renewing his attacks on policies he sees as negative for the economy.

8:39am EDT

Ackman, other shareholders ask Allergan to call special meeting

BOSTON/NEW YORK - Investors owning 31 percent of shares of Allergan Inc have asked the company to call a special shareholder meeting, activist shareholder William Ackman said on Friday, giving the hedge fund manager a victory in his fight to acquire the Botox maker.

22 Aug 2014

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

- Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

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