Business and Finance
The Dow industrials jumped 119.01 points to 13357.74, down slightly for the week but up 1.1% for the month. New economic data, which showed that a key inflation measure remained tame in July, and a speech by Bernanke fueled hopes that the Fed will cut rates. The S&P 500 and Nasdaq both ended August higher.</br></br>The Fed won't bail investors out of bad decisions but will act if recent market turmoil threatens economic growth, Bernanke said in a much-anticipated speech.</br></br>---</br></br>Starwood named Coors Brewing CEO Frits van Paasschen as its new chief, hoping his experience managing brands can help propel the hotel company.</br></br>---