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U.S. markets news

Abercrombie ditches clothes with logos in US wardrobe update
Teen retailer Abercrombie & Fitch ANF is ditching racks of clothing plastered with the company's logo. As store sales continue to slide, it's trying a new strategy: Selling t-shirts and sweatshirts that have no gaudy corporate emblem stitched in.
Here's Why Abercrombie & Fitch Is Ditching Its Logos  TIME
Abercrombie shares, sales dip  Investor's Business Daily
Reuters   Related articles »  
Detroit to Borrow $275 Million to Exit Municipal Bankruptcy
DETROIT�The city of Detroit said Thursday it had secured a way to obtain $275 million in exit financing through Barclays Capital Inc. to help the city emerge from municipal bankruptcy protection.
Detroit secures $275 million in bankruptcy exit financing  Detroit Free Press
Detroit secures $275 mil loan  Investor's Business Daily
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Economic Data Points to Upward Trajectory
A machinist in Colorado Springs. Orders for equipment by businesses rose at an annual rate of 10.7 percent in the second quarter. Credit Michael Ciaglo/The Colorado Springs Gazette, via Associated Press.
U.S. economy grew 4.2 percent in second quarter, faster than thought  Newsday
Economic growth improves a little more  MSNBC
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Japan's Output Misses Estimates, Inflation Unchanged
Industrial production in Japan rose less than expected in July while household spending slumped and the inflation rate remained unchanged, highlighting the challenge of reflating the world's third-largest economy.
Japan's Inflation Unchanged, Highlighting BOJ's Challenge  Businessweek
Japan household spending slumps, output flat as tax pain persists  KDAL
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Hawaii tourism officials expect slower growth for state's biggest industry
HONOLULU - Hawaii tourism officials said Thursday they were tempering their expectations, but they still anticipate continued growth for the state's biggest industry.
Hawaii tourism officials expect slower growth  Chron.com
Climate Change Will Ruin Hawaii, New Study Suggests  Huffington Post
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Danger! New service lets you shop Instagram
A new service is turning Instagram into an instant shopping opportunity. It's called Like2Buy. So far Nordstrom, Target, Saks, and Charlotte Russe are using the service and are linking to their Like2Buy pages from Instagram.
Buy What You 'Like': You Can Now Shop Straight From Instagram  Forbes
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JPMorgan hackers altered, deleted bank records, says report
Investigation into attack on JPMorgan Chase may have expanded to seven of the world's top banks, amid a report that hackers altered records.
Cyberattacks: Perpetual state of siege for US companies  USA TODAY
FBI assessing how much damage done in JPMorgan cyberattack  CBS News
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GDP grew 4.2 percent in Q2, but economic weaknesses remain (+video)
The US gross domestic product (GDP) grew 4.2 percent in the second quarter of this year, according to revised figures released Thursday by the Bureau of Economic Analysis.
US economy grows 4.2% in Q2; jobless claims fall again  Financial Express
Top six factors that are taking Indian markets to all-time highs  Economic Times
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How Draghi Seeking QE Trade-Off May Find Austerity Trap
Mario Draghi has made European political leaders an offer: You scratch my back and I'll scratch yours. In turning up the rhetoric on his readiness to start quantitative easing, the European Central Bank president is also asking governments to open their own ...
Vanishing euro zone inflation seen intensifying ECB policy headache  Reuters
EU Banking Union Reference Guide to Key Dates, Milestones  Bloomberg
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Market Basket employees begin rebuilding
Jessica Rinaldi/Globe Staff. Market Basket worker Tommy Aylward, 43, of Tewksbury, leapt in the air as he and his colleagues returned to work Thursday.
Power to the workers: How grocery chain employees saved beloved CEO  Los Angeles Times
Ousted Market Basket CEO to resume position after worker revolt  Bangor Daily News
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