Today's Top Stories - August 22, 2014 

 

BEWARE THE BELL! U.S. stock index futures indicated a lower open on Friday, as investors await comments by U.S. Federal Reserve Chair Janet Yellen with bated breath More

european shares were lower in morning trade on Friday as investors awaited key speeches by central bank heads at Jackson Hole and monitored developments in Ukraine, where a Russian aid convoy crossed the border More

Asian indices traded higher on Friday, taking positive cues from Wall Street overnight, but trading remained light as investors await possible clues about interest rates at an annual meeting of central bankers in Jackson Hole More

OIL SLIDING … Brent was slightly higher but still trading below $103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and ample global oil supply pressured prices More

GOLD…Gold steadied above a two-month low on Friday after a five-day losing streak and was headed for its biggest weekly loss in five, hurt by strong U.S. economic data and speculation that the Federal Reserve could hike interest rates sooner than expected More

Wal-Mart could have a massive new problem: Dollar General and Dollar Tree are now battling for control of Family Dollar Stores, but there's one company that could be watching warily as this all plays out: Wal-Mart. More

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Dollar General said Thursday that it won’t back off its attempt to buy Family Dollar after the Matthews-based retailer rejected its bid and stuck with plans to be acquired by Dollar Tree More

NO MO’ YANKEE DOLLARS! American Company Dropping U.S. Dollar As a Means of Payment: "We want to be a leader in the sound money movement," says Denver-based Amagi Metals in announcing a shift to Bitcoins, or other "cryptocurrencies" by 2016 More

Argentina debt plan ruled 'illegal' - Argentina's plan to ask investors holding defaulted bonds to swap them for new locally issued debt is ruled "illegal" by a US court More

Venezuela "to fingerprint shoppers" Venezuela plans to fingerprint supermarket shoppers in a move to combat food shortages and smuggling More

The 'deceitful' infomercial king and his pyramid scheme: Infamous infomercial pitchman Kevin Trudeau—once referred to as "deceitful to the core" by a federal judge—in March was sent behind bars for 10 years …He wasn’t just an author-pitchman. He had another scheme brewing—while he was in court facing book-related charges, according to investigators. While the FTC case on the book's claims was underway in 2007, Trudeau was in the middle of courting investors for the "Global Information Network," or GIN - GIN essentially was a $110 million pyramid scheme with more than 35,000 members More

Fed hike or 'Putin put'? Factors affecting gold; Analysts are weighing up the many factors that have been causing the commodity gold to trade in a tight range in recent months More


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