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  • TOKYO, Aug 28- Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment shaken by days of turmoil in Chinese equities. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over...

  • SEOUL, Aug 28- U.S. crude futures held around $42.50 a barrel on Friday after oil posted its biggest one-day rally in over six years in the previous session, led by recovering equity markets and news of diminished crude supplies. *U.S. crude lost 5 cents at $42.51 per barrel as of 0002 GMT after it settled up $3.96, or 10.3 percent, at $42.56 per barrel, its biggest one-day...

  • LOS ANGELES, Aug 27- 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. The videotape, which was unveiled by Mercy For Animals at a news conference in Los Angeles, depicts gruesome animal cruelty toward the...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • TOKYO, Aug 28- Japan's core consumer inflation was flat in the year to July and household spending unexpectedly fell, casting deeper doubt on the central bank's forecast that a solid economic recovery will help accelerate inflation to its 2 percent target. Separate data showed household spending fell 0.2 percent in the year to July, confounding a median market...

  • The U.S. District court in North Dakota granted a preliminary injunction against the so-called Waters of the United States rule finalized by the Environmental Protection Agency and the U.S. Army Corps of Engineers in May. North Dakota and 12 other states filed a lawsuit against the federal government in June, charging that the rule constituted an improper...

  • SYDNEY, Aug 28- The dollar held at one-week highs against a basket of major currencies early on Friday, having benefited from upbeat U.S. data and as investors continued to cut back on safe-havens such as the yen. The euro came close to $1.1200, having been knocked off its lofty perch above $1.1700. Analysts at Citi said all four components showed positive revisions:...

  • Aug 27- 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. Activision Blizzard Inc's "Destiny: The Taken King", Microsoft Studios' "Halo 5: Guardians" and Ubisoft's "Assassin's Creed: Syndicate" are set to be released in the third quarter.

  • Aug 27- Autodesk Inc, the maker of computer-aided design software, cut its full-year profit and revenue forecast for the second time this year, sending its shares down 7 percent. Autodesk also reported lower-than-expected quarterly revenue as its licensing revenue declined because of the company's shift to a cloud-based subscription model.

  • "The NLRB's actions today will subject employers to increased uncertainty, liability for workplaces that they don't actually control, and ramped up pressure tactics to ease union organizing," said Glenn Spencer, a vice president at the U.S. Chamber of Commerce. Business groups have said such a ruling, which came in the case of waste management company...

  • NEW YORK, Aug 27- Donald Trump had to do a bit of damage control on Thursday after repeatedly dropping Carl Icahn's name in a campaign speech and then saying most good business negotiators were "vicious, horrible, miserable human beings." Trump, who is leading the Republican field in the polls by a wide margin, was telling the audience at a rally in Greenville, South...

  • NEW YORK, Aug 27- Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several banks. Lawyers for Anthony Allen and Anthony Conti told a Manhattan federal judge that prosecutors could not...

  • WASHINGTON, Aug 27- The U.S. government has approved Britain's request to have 50 of its older model Apache helicopters refurbished and upgraded by Boeing Co and other U.S. companies, a deal valued at around $3 billion, the Defense Department announced on Thursday. The Pentagon's Defense Security Cooperation Agency, which oversees foreign arms sales, notified...

  • But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...

  • NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...

  • NEW ORLEANS, Aug 27- President Barack Obama said on Thursday urged the U.S. Congress to avoid contributing to global economic uncertainty and quickly pass a budget before a deadline at the end of September to prevent a government shutdown. He said Congress should avoid attaching to the bill "unrelated partisan issues," a reference to a tactic to use the must-pass...

  • SAN FRANCISCO, Aug 27- Instagram has added new layout options in addition to its signature square for pictures and videos in a bid to attract more advertisers and to stop users defecting to more flexible services such as Snapchat. The move is the first major alteration to the photo-sharing, social media service since Facebook Inc bought it for $1 billion in 2012,...

  • Aug 27- GameStop Corp, the world's largest retailer of video games and related products, reported higher-than-expected quarterly revenue and profit, helped by new releases such as "Batman: Arkham Knight" and "The Witcher 3: Wild Hunt". GameStop is set to benefit from a strong slate of video game releases in the second half of the year, mainly in the fourth quarter, such...

  • WASHINGTON, Aug 27- The U.S. Food and Drug Administration on Thursday approved Amgen Inc's Repatha drug for patients with hereditary forms of high cholesterol and those at high risk of cardiovascular disease. Last month the FDA approved a similar drug from Regeneron Pharmaceuticals Inc and Sanofi SA. The drugs are expected to generate more than $2 billion a...

  • NEW ORLEANS, Aug 27- President Barack Obama said on Thursday that the United States economy is strong and urged the U.S. Congress to quickly pass a budget and prevent a government shutdown to avoid contributing to global economic uncertainty. There's been a lot of reports in the news, and stock markets swinging, and worries about China and about Europe, "Obama said...