Asia extends stocks rally as U.S. GDP data calms nerves

SINGAPORE/TOKYO - Asian markets extended a global rally into second day on Friday, as upbeat U.S. economic growth data calmed sentiment following the hammering shares across the region took earlier in the week.

Recent Business News

U.S. second-quarter GDP growth revised sharply higher to 3.7 percent

WASHINGTON - The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year. | Video

27 Aug 2015

Days numbered for barcodes as shoppers demand more data

BERLIN - Growing demand for more information about the products we buy could mean the end of the simple barcode - the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day.

2:29am EDT

Ackman's hedge fund down 13.1 percent for August

BOSTON - Hedge fund mogul William Ackman's Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday.

27 Aug 2015

McDonald's, Tyson Foods drop farm after videotape shows animal cruelty

LOS ANGELES - McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists.

27 Aug 2015

GameStop says new game launches to drive strong second-half growth

- GameStop Corp said it expected robust revenue growth in the second half, helped by a strong slate of video game releases and growth in its mobile and consumer electronics businesses.

27 Aug 2015


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