7:58am ET, Thu 28 Aug 200838

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DJIA: 11502.51 89.64  |  NASDAQ: 2382.46 20.49
 

Q2 growth revised to 3.3 percent 7:40am ET

WASHINGTON (Reuters) - The U.S. economy expanded at a stronger-than-first-reported 3.3 percent annual rate in the second quarter, as consumer spending and net exports were more robust than initially estimated and inventories fell less sharply, a government report showed on Thursday.  Full Article | Video
 
Obama wins nomination and Clintons' support 10:26pm ET

DENVER (Reuters) - To shouts of "Yes we can," Democrats nominated Barack Obama on Wednesday as their presidential candidate in a historic first for a black American, backed by his ex-rivals Bill and Hillary Clinton.  Full Article | Video 

Investing

MARKETS:
Oil near $120 as Gustav threatens US Gulf 7:03am ET

LONDON (Reuters) - Oil rose towards $120 a barrel on Thursday, its fourth day of gains, boosted by the threat of damage to U.S. oil installations from Tropical Storm Gustav.  Full Article 

Travel Web sites to battle in Asia

U.S. Internet travel companies are preparing to slug it out for dominance in Asia, where economic growth and increasing Web usage make the region a tempting target.  Full Article 

New heights in market angst

It is something of a truism to say that investors are worried -- they nearly always are. But with the global asset rally close to its fifth year, a new level of angst is being reached in some quarters.  Full Article 

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Business

MBIA jumps after deal to reinsure FGIC bonds 7:29am ET

NEW YORK (Reuters) - Shares of MBIA Inc. jumped before the open on Thursday after the bond insurer agreed in a deal to reinsure $184 billion of municipal bonds backed by its rival FGIC Corp.  Full Article 

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Water-cooler romance

If it seems like more people are flirting around the water cooler at your office these days, it may not be your imagination. Four out of 10 workers admit to being involved with another colleague at some point, a survey showed.  Full Article 

News

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New Year bittersweet for China's families

Millions of migrant workers will make the annual migration back home to rural villages for the Lunar New Year, queuing for hours and cramming into trains and buses for the chance to go home.  Full Article