NEW YORK (Reuters) - U.S. stocks opened flat on Friday as investors looked ahead to a speech by Federal Reserve Chair Janet Yellen and digested the latest flare of tensions between Ukraine and Russia. The Dow Jones industrial average fell 6.42 points or 0.04 percent, to 17,033.07, the S&P 500 lost 0.84 points or 0.04 percent, to 1,991.53 and the Nasdaq Composite added 2.32 points or 0.05 percent, to 4,534.43. (Reporting by Ryan Vlastelica; Editing by Bernadette Baum)
By Marc Jones LONDON (Reuters) - The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans. European shares opened barely changed and heading for their biggest weekly gain since February, while Asian markets hitched a ride on another record close for Wall Street to end the week near a six-and-half-year high. Emerging market stocks were also stronger but investors were beginning to move to the sidelines ahead of speeches by Fed Chair Janet Yellen and ECB President Mario Draghi at the annual gathering of central bankers in Jackson Hole, Wyoming.
By Reiji Murai TOKYO (Reuters) - Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said. It's unclear whether the hiccup could delay the launch or limit the number of phones initially available to consumers, the sources said, as Apple readies larger-screen iPhones for the year-end shopping season amid market share loss to cheaper rivals. Cupertino, California-based Apple has scheduled a media event for Sept. 9, and many expect it to unveil the new iPhone 6 with both 4.7 inch (11.94 cm) and 5.5 inch (13.97 cm) screens - bigger than the 4-inch screen on the iPhone 5s and 5c. Two supply chain sources said display panel production suffered a setback after the backlight that helps illuminate the screen had to be revised, putting screen assembly on hold for part of June and July.
The research by two top labor economists portrayed the United States as potentially losing one of its notable economic strengths - the robust flow of workers between jobs, and the churn of employment as companies succeed and fail. Those and other forces have driven down measures of labor market "fluidity" by as much as 25 percent since 1990, a trend that could translate into lower employment levels, productivity and wages, economists Steven Davis of the University of Chicago and John Haltiwanger of the University of Maryland wrote in a research paper prepared for the annual central banking conference in Jackson Hole, Wyoming.
By Vladimir Soldatkin MOSCOW (Reuters) - Russian authorities extended their scrutiny of McDonald's to several regions on Friday, carrying out inspections at a number of restaurants run by the U.S. The inspections are viewed by many businessmen as retaliation for Western sanctions against Russia because of its support for separatist rebels in eastern Ukraine, and they fear the retribution could spread to other symbols of Western capitalism. A spokeswoman for the country's food safety agency, Rospotrebnadzor, said the inspections were not related to the standoff. The agency also said it had no plans to close down the company's business in the Republic of Tatarstan, two days after the agency shut three McDonald's branches in Moscow.