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Thursday, August 28, 2014

Business Today: Second-quarter GDP growth revised up to 4.2 percent

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08/28/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Second-quarter GDP growth revised up to 4.2 percent
WASHINGTON (Reuters) - The U.S. economy rebounded more strongly than initially thought in the second quarter and details of a report on Thursday pointed to sustainable underlying strength.
Jobless claims fall for second consecutive week
WASHINGTON, (Reuters) - The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals.
Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe - source
BEIJING (Reuters) - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.
Futures point to lower open as Ukraine fears weigh
NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Thursday after Ukraine's president said Russian forces had been brought into his country, bringing concerns over the volatile region back into focus and overshadowing some positive economic data.
Dollar General says committed to Family Dollar deal
(Reuters) - Dollar General Corp , the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc and that its offer was both superior and achievable than an offer from Dollar Tree Inc .
JPMorgan probes possible cyber attack; reports other banks hit
(Reuters) - JPMorgan Chase & Co is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning.
Bitcoin shows staying power as online merchants chase digital sparkle
NEW YORK (Reuters) - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
Vivendi picks Telefonica in GVT fight
PARIS/MILAN (Reuters) - French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia .
FBI, Secret Service investigate reports of cyber attacks on U.S. banks
(Reuters) - The U.S. Federal Bureau of Investigation said it is investigating media reports that several U.S. financial firms have been victims of recent cyber attacks.
Judge rejects Apple bid for injunction against Samsung
SAN FRANCISCO (Reuters) - A U.S. judge rejected Apple Inc's latest bid for a permanent injunction against Samsung Electronics Co Ltd in another sign of the diminishing impact of the smartphone patent wars.
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