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U.S. markets news

Abercrombie name to shrink 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.
Here's Why Abercrombie & Fitch Is Ditching Its Logos  TIME
Abercrombie shares, sales dip  Investor's Business Daily
Reuters   Related articles »  
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 household spending slumps, output flat as tax pain persists  Reuters
Japan economy stalls as incomes, spending languish  Washington Post
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Barclays Agrees to Lend Detroit $275 Million to Exit Bankruptcy
Photo. Detroit will begin defending its plan to leave bankruptcy next week.Credit Paul Sancya/Associated Press. Barclays Capital has agreed to provide $275 million to finance Detroit's operations as it comes out of bankruptcy, according to documents filed in ...
Detroit to Borrow $275 Million to Exit Municipal Bankruptcy  Wall Street Journal
Detroit secures $275 million in bankruptcy exit financing  Detroit Free Press
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Hawaii tourism officials expect slower growth
This Friday, Aug. 22, 2014, photo shows people walking along Waikiki Beach in Honolulu. State tourism officials planned to discuss industry goals for the upcoming year during a meeting Thursday, Aug. 28, 2014.
Climate Change Will Ruin Hawaii, New Study Suggests  Huffington Post
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US economy beats estimate with 4.2pc growth
After a bleak start to the year, the United States economy grew at a brisk annual rate of 4.2 per cent in the April-June quarter, slightly faster than first estimated.
Economic growth improves a little more  MSNBC
US economy grew at robust 4.2% pace in 2nd quarter  GlobalPost
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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.
How Target Aims To Turn Instagram Into Shopping Spree TGT FB  Investor's Business Daily
Buy What You 'Like': You Can Now Shop Straight From Instagram  Forbes
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US banking group says unaware of any 'significant' cyber attack
BOSTON (Reuters) - An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any "significant" cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase & Co and other ...
JPMorgan Chase, two other banks see no sign of fraud from cyberattacks  Los Angeles Times
FBI investigates cyber attack on US banks  Times of India
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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
GDP Expanded at 4.2% Rate in Second Quarter  Wall Street Journal
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Yen firms on Ukraine tensions, euro braces for inflation test
SYDNEY (Reuters) - The safe-haven yen held firm early on Friday, while the euro was on track to post its second straight month of declines as tensions between Ukraine and Russia flared up again.
How Draghi Seeking QE Trade-Off May Find Austerity Trap  Businessweek
EU Banking Union Reference Guide to Key Dates, Milestones  Bloomberg
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AIG's Benmosche Sped His Exit With Year to Live; Mom's Advice: 'Don't Wait Too ...
Robert Benmosche, president and chief executive officer of American International Group Inc. Photographer: Scott Eells/Bloomberg. Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc. (AIG:US)'s chief ...
AIG chief Benmosche sped up exit amid cancer prognosis  Crain's New York Business
Outgoing AIG CEO given terminal cancer diagnosis  CNNMoney
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