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U.S. markets news

Abercrombie & Fitch removing logo from clothing
Shares of Abercrombie & Fitch Co. fell Thursday after the retailer reported weak sales as more teens shop elsewhere. The company is trying to stock trendier clothing - and it turns out that means stripping off the once-prized Abercrombie logo.
Expensive fashion brands Abercrombie & Fitch and Hollister dumped by ...  The Independent
Abercrombie ditches clothes with logos in US wardrobe update  Fortune
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US economy grew at brisk rate in 2d quarter
The US economy grew faster than first thought last quarter, the Commerce Department said Thursday, the latest in a series of signals that suggest a period of sustainable growth lies ahead.
Economy at brisk pace in 2nd quarter  Longview News-Journal
Economy grew at brisk 4.2% rate in Q2  Tribune-Review
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European shares inch up early; Tesco tumbles
PARIS Aug 29 (Reuters) - European shares rose in early trade on Friday, recovering some of the ground lost in the previous session, as investors awaited inflation figures for the euro zone which may shed light on the European Central Bank's next move.
Morning MoneyBeat Europe: Eyes on Euro-Zone Inflation Data  Wall Street Journal (blog)
ECB's Nowotny sees weaker euro-zone growth  MarketWatch
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Instagram Like2Buy Merges Social Media and Shopping
Everything is available on social media these days, from food, to pets, to electronics, cars, and homes. No matter what your heart desires, you can find it on the Web.
New App Lets You Buy What You Like on Instagram and Drain Your Bank Account
New platform lets you buy what you 'like' on Instagram  Tech Times
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Japanese economy flounders after sales tax rise
Japan's economy continued to struggle in July to shake off the disruptive effects of a sales-tax increase implemented three months earlier, a cluster of government data released on Friday suggested.
Japan's recovery slow after sales-tax hike  MarketWatch
Japan's economy signals stagnation and weakness  BBC News
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US economy emerges stronger in second quarter, GDP grew at 4.2 percent
The US economy recovered more stronglyin the second quarter with the country's gross domestic product (GDP) expanding at a 4.2 percent annual rate, rejecting all the previous estimations of slower pace, the Commerce Department said on Thursday.
US economy rebounds as demand drives growth  Gulf Daily News
America Accelerates As Growth Gallops At 4.2 Perecent  Forbes
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Baidu and Tencent join Dalian Wanda in $814m China ecommerce deal
Chinese real estate conglomerate Dalian Wanda is teaming up with two of China's largest internet companies in an $814m ecommerce joint venture aimed at loosening Alibaba's stranglehold on the country's booming ecommerce market.
To Compete with Alibaba, a Chinese E-Commerce Company Is Born  New York Times
Wanda joins hands with Tencent, Baidu to challenge Alibaba  Times of India
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Asia stocks mixed on Ukraine risks; Nikkei falls over 1% in August
Asian equity markets ended mixed on the final trading day of the week amid concerns of a worsening situation in Ukraine. On Thursday, Ukraine accused Russia of invading the country following a fresh offensive into the coastal town of Novoazovsk.
U.S. futures fall as Ukraine fears return to forefront  GlobalPost
U.S. stock prices snapped a three-session winning streak  FX News Call
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Russian hackers hit five banks, sources say
Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation.
Cyberattacks on US businesses, banks mounting  The Star Online
New cyberattack on banks 'very sophisticated'  USA TODAY
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Tesco Slumps as Retailer Cuts Dividend 75% on Lower Outlook
A customer pushes a shopping cart past signs displaying goods at reduced inside a Tesco Extra Supermarket, operated by Tesco Plc, in London.
Tesco slashes dividend and unveils fresh profit warning
Tesco shares slump after profit forecast slashed  CNBC
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