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US STOCKS-Wall Street falls as investors fret about rate-hike timing

* Inflation to likely rebound -Fed's Fischer * Oil prices jump more than 5 pct * Phillips 66 up after Buffett discloses stake * Indexes down: Dow 0.76 pct, S&P 0.85 pct, Nasdaq 0.97 pct (Updates to afternoon) Aug 31 (Reuters) - Wall Street was lower on Monday afternoon as investors worried that the Federal Reserve may start raising interest rates in September, although a rally in oil boosted ...
Source: Reuters | By: Noel Randewich
UPDATE 1-Investment firm Pleasant Lake offers to buy MagnaChip

(Adds share activity, background on companies) Aug 31 (Reuters) - Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea-based company at about $346 million. MagnaChip's shares were up 5 percent at $8.12 in mid-morning trade. The $10-per-share offer of Pleasant Lake, which owns 9.9 percent of MagnaChip, is at a ...
Source: Reuters
UPDATE 3-Suzuki Motor says it will buy back VW stake as court settles feud

* Suzuki chief says he feels 'so refreshed' * VW welcomes clarity, says cooperation now ended * German stake worth about $3.8 bln at Friday's close * Investor Loeb wants Suzuki to cancel shares after buyback * Suzuki shares flat in Tokyo after initial jump (Adds Suzuki share reaction, analyst comment in paragraphs 6, 7) TOKYO, Aug 30 (Reuters) - Japan's Suzuki Motor Corp said on Sunday it ...
Source: Reuters | By: Minami Funakoshi and Ritsuko Ando
INSIGHT-Ashley Madison courted several buyers, landed none before attack

TORONTO, Aug 28 (Reuters) - The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Some unnamed investors wanted out, multiple attempts to close ...
Source: Reuters | By: Allison Martell and Alastair Sharp
UPDATE 1-Uber hires two security researchers to improve car technology

(Adds comment from Uber and background on Uber's investments into self-driving vehicles) SAN FRANCISCO, Aug 28 (Reuters) - Uber Technologies Inc has hired two top vehicle security researchers, the company said on Friday, additions to its staff that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter Inc , and ...
Source: Reuters | By: Joseph Menn and Heather Somerville
GLOBAL MARKETS-Wild week for markets ends quietly

* U.S., European equities mostly edge higher * China central bank injects liquidity into market * Oil rallies again after strong surge on Thursday * U.S. dollar rises on economic outlook as calm returns (Adds close of U.S. markets) NEW YORK, Aug 28 (Reuters) - A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the ...
Source: Reuters | By: Herbert Lash
Build a winning clientele by being choosy

Jim Adkinson, an accountant in Orlando, Fla., has a litmus test for when it's time to part ways with a client: If he sees the caller I.D. and can't bear to pick up the phone. Another tipping point: If a customer repeatedly refuses to heed his advice or becomes too frustrating to deal with, he fires them. Turning away sales can feel like sacrilege for business owners, especially when their ...
Source: The New York Times | By: Caitlin Kelly
Cream of Wheat owner to buy Green Giant: Sources

Snack food company B&G Foods (NYSE: BGS) is in late-stage discussions to acquire General Mills' (NYSE: GIS) Green Giant frozen and canned vegetable business, people familiar with the matter said on Thursday. If B&G prevails in the auction for Green Giant, it would expand beyond its shelf-stable snack food into the frozen food aisle. Its negotiations with General Mills are ongoing and there is ...
Source: Reuters
Your first look for Friday, August 28

The " Fast Money " traders highlighted the areas on their radar following another wild ride in the stock market. Tim Seymour was watching commodities (NASDAQ: COMT). Brian Kelly was focused on the bond market (NYSE Arca: TLT). Karen Finerman had her eye on oil (New York Mercantile Exchange: @CL.1). Guy Adami put F (NYSE: FCX)reeport-McMoRan (NYSE: FCX) on his watch list. It comes after ...
Source: CNBC.com | By: Stephanie Landsman
AIG seeking $1.76 bln in 'life settlements' trial in New York

NEW YORK, Aug 26 (Reuters) - An American International Group Inc unit on Thursday asked a federal judge to order a Pennsylvania firm to pay it $1.76 billion in damages for allegedly overcharging for life insurance policies acquired from elderly individuals. At the outset of a trial in Manhattan federal court, a lawyer for AIG's Lavastone Capital accused Coventry First of artificially inflating ...
Source: Reuters | By: Joseph Ax