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  • GameStop falls on outlook analysts call 'conservative' Friday, 28 Aug 2015 | 12:30 PM ET

    NEW YORK— Shares of GameStop skidded Friday after the video game retailer reported strong second-quarter results but gave a forecast that disappointed Wall Street. GameStop said sales of downloadable content for "Batman: Arkham Night" and "Witcher 3" powered its results, and the company's adjusted profit and revenue came in above Wall Street estimates.

  • *Gasoline rally, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped 6 percent on Friday as a rally in gasoline prices and air raids in Yemen prompted traders to scramble for a second day to cover short positions, while market players also kept an eye on a storm that appeared to be approaching the oil-rich U.S. U.S. crude's front-month was up...

  • NEW YORK— Shares of Freeport-McMoRan jumped Friday, a day after it announced cost-cutting plans and activist investor Carl Icahn disclosed that he bought a stake in the mining company. Freeport-McMoRan said Thursday that it would cut costs and reduce spending due to falling copper prices and soft economic conditions around the world. Shares of...

  • *Consumer spending rises 0.3 percent in July. WASHINGTON, Aug 28- U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. The Commerce Department said consumer spending, which accounts for more than...

  • LONDON, Aug 28- Regulators and central bankers should rethink how rules are applied to stop extremist financing and money laundering, or some emerging market economies risk grinding to a halt, an official of the World Economic Forum think-tank said. Banks are under pressure to make burdensome checks on cross-border financial transactions, at the risk of...

  • NEW YORK, Aug 28- The short-covering frenzy in global oil markets extended for a second straight day on Friday, pushing U.S. crude up as much as 5 percent in morning trade, getting extra support from a rally in gasoline futures, before both began consolidating. "A severely oversold and shorted oil market is creating a bid for covering in U.S. crude," said Chris Jarvis,...

  • WASHINGTON— A federal appeals court on Friday ruled in favor of the Obama administration in a dispute over the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans. The ruling means the government can continue collecting the data for the next few months, although the program is set to expire at the end of November...

  • NEW YORK— A billion people logged in to Facebook on a single day this week, marking the first time that many members used the world's largest online social network in a 24- hour period. The number amounts to one-seventh of the Earth's population. But CEO Mark Zuckerberg, who founded the network in his Harvard dorm room 11 years ago, reflected on the occasion with a...

  • Fast-food's new target: The snack attack Friday, 28 Aug 2015 | 10:41 AM ET

    NEW YORK— Forget the Big Mac attack. This week, Arby's introduced a lineup of sliders, with the miniature versions of its regular sandwiches costing less than $2 each. Taco Bell is promoting its "Dare Devil Loaded Grillers," which are smaller burritos for about a buck.

  • *Dollar index on track for largest weekly gain in a month. NEW YORK, Aug 28- The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive U.S. data that supported the notion that the world's largest economy was on a stable growth path. "Overall, markets are finally starting to calm down and the economic data is...

  • *Doubts about China persist despite stabilization. NEW YORK, Aug 28- U.S. The index buyers want to get it over with before the weekend, "said Stanley Sun, interest rate strategist at Nomura Securities International in New York.

  • Ashley Madison CEO steps down in wake of hacking Friday, 28 Aug 2015 | 10:38 AM ET

    NEW YORK— The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members. "Unless they can immediately assure the public that their information is protected, then their business is over," says Lawrence Kellogg, a partner with the law firm...

  • Aug 28- Charles Schwab Corp said that customer access to online accounts was restored on Friday morning, just minutes before U.S. stock markets opened for trading. Earlier, the company said access to accounts and online trading platforms were unavailable. Earlier in the week, discount brokers Scottrade Inc and TD Ameritrade reported some order processing...

  • Aug 28- Charles Schwab Corp's online trading platforms were temporarily unavailable, a spokesman for the brokerage firm said on Friday morning. The spokesman did not elaborate on the cause of the problem, and a customer service representative in Denver said Schwab did not have an estimate of when online access would be restored. Earlier in the week, discount...

  • Mylan shareholders approve pursuit of Perrigo Friday, 28 Aug 2015 | 8:12 AM ET

    NEW YORK— Mylan NV's shareholders approved the company's hostile pursuit of Perrigo Co. and the generic drugmaker hopes to push ahead with a formal offer soon. Perrigo, which makes over-the-counter medicines, has resisted repeated overtures from Mylan. In April, Mylan raised its offer for Perrigo to $232.23, or about $34.1 billion, in cash and stock.

  • NEW YORK— Video game maker Activision Blizzard and airline United Continental Holdings Inc. are going to become a part of the S&P 500.. Activision Blizzard, which makes games including "World of Warcraft" and "Call of Duty," will replace Pall Corp. after the market close on Friday. United Continental will replace Hospira Inc. after the Sept. 2 market close.

  • China's main stock index fell nearly 23 percent over five days before returning to positive territory Thursday and Friday. By June, stocks were "trading at sky-high, rocket-crazy valuations," said Dickie Wong, executive director of research at Kingston Financial Group in Hong Kong. The central bank's Aug. 11 devaluation of the yuan accelerated the declines by...

  • Charles Schumer says Binghamton University has been chosen to receive $20 million in federal funding to participate in a $100 million initiative to develop high-tech electronic and computer devices. The New York Democrat announces Friday that the Department of Defense has designated the university as one of the institutions nationwide that will...

  • Pentagon funding new high-tech venture Friday, 28 Aug 2015 | 6:02 AM ET

    MOUNTAIN VIEW, Calif.— Defense Secretary Ash Carter announced Friday that the Pentagon is funding a new venture to develop cutting-edge electronics and sensors that can flex and stretch and could be built into clothing or the skins of ships and aircraft. He told the Silicon Valley leaders that he is "here to engage. Under the new plan, the Pentagon will provide $75...

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."