TOP STORIES 
 
STOCKS MIXED AFTER VOLATILE WEEK 

U.S. stocks were mixed Friday at the end of one of the most volatile weeks in years for global markets.

APPEALS COURT REVERSES JUDGE'S ORDER AGAINST NSA PHONE SURVEILLANCE 

A federal appeals court has reversed a judge's order to stop the NSA from collecting phone records, sending the case back to a lower court for further hearings between privacy advocates and government lawyers.

STANLEY FISCHER SAYS FED ON THE FENCE FOR SEPTEMBER MOVE 

The Federal Reserve's No. 2 official, Stanley Fischer, said the central bank hasn't settled on whether to raise interest rates next month, and the option remains on the table.

AMERICANS STEP UP SPENDING 

Americans continued to step up their spending in July amid a healthy pickup in wages, a sign the economy carried momentum into the third quarter.

CONSUMER SENTIMENT READING SLIPS IN AUGUST 

Consumers' outlook was slightly more pessimistic in late August, likely reflecting worries about big swings in the stock market tied to China's unsettled economy.

MYLAN HOLDERS APPROVE PERRIGO PURCHASE 

Mylan said Friday that its shareholders have approved its proposed $35.6 billion takeover of Perrigo and it will launch a formal offer soon.

LABOR GROUP SAYS BOFA CEO MOYNIHAN SHOULD NOT BE CHAIRMAN 

A labor group is urging Bank of America shareholders to vote against a bylaw change that allows Brian Moynihan to hold the dual titles of bank CEO and chairman.

FOUR ARRESTED IN HUNGARY OVER MIGRANT TRUCK DEATHS 

Hungarian police said they had arrested four men after 71 migrants were found dead in a truck across the border in Austria on Thursday.

FED'S KOCHERLAKOTA SAYS OPEN TO MORE STIMULUS MEASURES 

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he'd likely support additional stimulus measures from the U.S. central bank if such options were on the table.

FED'S BULLARD: MARKET VOLATILITY HASN'T CHANGED U.S. ECONOMIC OUTLOOK 

Federal Reserve Bank of St. Louis President James Bullard, who has voiced support for raising short-term interest rates in September, said Friday that volatility in financial markets hasn't dented the good outlook for the U.S. economy.

APPLE LOSES MUSIC EXECUTIVE 

Apple said Ian Rogers, one of the key executives retained by Apple when it acquired Beats last year for $3.2 billion, has resigned and is leaving the company.

EUROZONE BUSINESSES, HOUSEHOLDS MORE UPBEAT 

Businesses and households across the eurozone became slightly more upbeat in August, an indication that the slowdown in economic growth during the second quarter is unlikely to turn into a more severe downturn.

BRAZIL SINKS INTO TECHNICAL RECESSION 

Brazil's economy sank into a technical recession in the second quarter, as falling commodity prices, high inflation and political turmoil combined to decimate consumer and business confidence, sending output well below expectations.

LEGIONNAIRES' DISEASE KILLS 2 IN QUEBEC 

Health authorities in Quebec's Lanaudiè re region said an outbreak of Legionnaires' disease has killed two people and infected another 16.

BIG LOTS TOPS EXPECTATIONS, LIFTS GUIDANCE 

Big Lots said second-quarter adjusted profit rose in the latest quarter, as the deep discounter posted another same-store sales increase amid merchandising improvements.

'FLASH CRASH' TRADER DENIED EXTRADITION DELAY 

British trader Navinder Sarao had requested a two-month delay in his extradition hearing.

CEO OF ASHLEY MADISON PARENT STEPS DOWN 

Avid Life Media, the parent company of infidelity website Ashley Madison, said Friday that its chief executive had left the company.

SCOTIABANK PROFIT MEETS EXPECTATIONS 

Bank of Nova Scotia's fiscal third-quarter earnings met expectations, and the lender raised its quarterly dividend.

INVESTOR GROUP MAY CUT BID FOR CHINA'S QIHOO 360 

The consortium has offered $9 billion for the tech firm in what would be the largest take-private deal of a U.S.-listed Chinese company.

U.K. CONFIRMED AS ONE OF FASTEST-GROWING WESTERN NATIONS 

Britain was confirmed as one of the fastest-growing western nations in the second quarter, a fresh sign of health for policy makers at the Bank of England to weigh against concerns about the global economy.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Foreign Exchange 
SNB'S JORDAN SEES FRANC WEAKENING 'OVER TIME' 
 

The negative interest rates imposed by the Swiss National Bank in January will help to weaken the Swiss franc over time, which remains "significantly overvalued," according to Thomas Jordan, the president of the bank's governing board.

 
Moneybeat Blog 
FOR EMERGING MARKETS, 'MOST PREDICTABLE FUND FLOW DATA. EVER.' 
 

No prizes for guessing what happened to emerging market funds this week. Emerging market funds saw $10.5 billion of outflows this week, the largest weekly redemptions since January 2008, according to data analysis by Bank of America Merrill Lynch.

(END) Dow Jones Newswires

August 28, 2015 13:00 ET (17:00 GMT)