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Raising inflation target won't help much now: researchers

JACKSON HOLE, Wyo. (Reuters) - The Federal Reserve could have cut short the Great Recession by a year if it had set a 4 percent inflation target in 1984, but raising the target now would probably do little to help the economy, researchers said on Saturday.

Entertainment

Want to buy Pink Floyd's flying pig Algie? Too late

LONDON (Reuters) - As one of the most iconic images of rock, Algie, the inflatable pig which famously flew over London's Battersea power station for Pink Floyd's "Animals" album cover, was set to be a star lot at an upcoming auction.

Life

European heart experts okay longer use of blood thinners

LONDON (Reuters) - European heart experts on Saturday endorsed the potential use of multiple blood thinning drugs for heart attack patients beyond one year, in a move that may boost demand for AstraZeneca's Brilinta.

Sports

Rio 2016 organizers 'extremely concerned' over sick sailor

BERLIN (Reuters) - Organizers of the Rio de Janeiro 2016 Olympics said on Saturday they were "extremely concerned" after German sailor Erik Heil fell ill following his third place at the test event there.

Technology

Ashley Madison courted several buyers, landed none before attack

TORONTO (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.

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