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  • 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 YORK— A former franchisee alerted a Subway advertising executive in 2008 about her concerns about pitchman Jared Fogle, according to her lawyer. After Fogle began talking about paying for sex with minors, Beasley said Mills alerted a regional Subway contact in Florida where she is based. Subway did not respond to a request for comment Thursday.

  • 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...

  • WASHINGTON— Amgen Inc. has won federal approval for the second medicine in a new class of pricey biotech drugs that reduce artery-clogging cholesterol more than older statin drugs that have been used for decades. Thousand Oaks, California- based Amgen priced the drug slightly below a similar drug Praluent, which costs $14,600 per year. Sanofi and partner...

  • Aug 27- Autodesk Inc, the maker of computer-aided design software, reported lower-than-expected quarterly revenue as its licensing revenue declined because of the company's shift to a cloud-based subscription model. Shares of Autodesk, which also cut its current-year profit forecast for the second time, fell 5.5 percent to $47.24 in after-market trading...

  • Aug 27- Teen apparel retailer Aeropostale Inc reported a loss for the 11th straight quarter as it discounted heavily to clear older inventory and closed many unprofitable stores. Aeropostale, like some other teen apparel retailers, has been losing customers to "fast-fashion" chains such as H&M, Forever 21 and Inditex's Zara and sportswear makers such as Nike...

  • *Businesses say hurt by falling margins, not stock prices. *Wholesale prices have been sliding for more than 3 years. NINGHAI, China, Aug 28- The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind- the remorseless erosion of profits thanks to nearly four years of...

  • SANTA ANA, Calif. _ Collectors Universe Inc. on Thursday reported fiscal fourth-quarter net income of $1.8 million. The Santa Ana, California- based company said it had profit of 21 cents per share. Collectors Universe shares have fallen 11 percent since the beginning of the year.

  • U.S. stocks closed sharply higher on Thursday, extending their recovery from a six-day sell-off that was triggered by concerns about the health of the Chinese economy. Investors were encouraged by the biggest gain in China's main stock index in eight weeks and a U.S. government report indicating that the economy expanded at a much faster pace than previously...

  • ALBANY, N.Y.— Gap Inc. is ending its practice of requiring workers to remain on-call for short-notice shifts following an inquiry from New York's attorney general. A spokeswoman for the San Francisco- based retailer said Thursday the decision also applies to Gap's other brands, including Banana Republic, Old Navy and Athleta and was part of an effort to "improve...

  • Aug 27- Wall Street rallied more than 2 percent on Thursday as strong U.S. economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over. "The worst is probably behind us but it's going to take a while before we get back to normal and we might still see some downward risk," said Scott Brown,...

  • PLEASANTON, Calif. _ Veeva Systems Inc. on Thursday reported fiscal second-quarter profit of $13.4 million. For the current quarter ending in November, Veeva expects its per-share earnings to range from 11 cents to 12 cents. Veeva expects full-year earnings in the range of 47 cents to 48 cents per share, with revenue ranging from $395 million to $398 million.

  • ATLANTA _ American Software Inc. on Thursday reported fiscal first-quarter earnings of $2.6 million. American Software shares have dropped almost 8 percent since the beginning of the year. Keywords: American Software, Earnings Report.

  • NEW YORK— For the first time, a billion people used Facebook in a single day on Monday. CEO Mark Zuckerberg marked the occasion with a post on his Facebook page, saying that one out of seven people on Earth logged in to the social network to connect with their friends and family. Most people on Facebook live outside the U.S. and Canada.

  • BRISBANE, Calif. _ Bebe Stores Inc. on Thursday reported a loss of $5.2 million in its fiscal fourth quarter. On a per-share basis, the Brisbane, California- based company said it had a loss of 7 cents. For the year, the company reported that its loss narrowed to $27.7 million, or 35 cents per share.

  • DALLAS— A Texas judge has told lawyers for an Australian woman and her publishing company to set aside $10 million for a former business partner who says she was defrauded out of her rightful share from the sale of the erotic best-seller "Fifty Shades of Grey" and two companion novels. State District Judge Susan McCoy said Wednesday that she wants the money...

  • MIDVALE, Utah _ Sportsman's Warehouse Holdings Inc. on Thursday reported fiscal second-quarter net income of $8.2 million. For the current quarter ending in November, Sportsman's Warehouse said it expects revenue in the range of $198 million to $203 million. Sportsman's Warehouse shares have risen 62 percent since the beginning of the year.

  • PLANO, Texas _ Zoe's Kitchen Inc. on Thursday reported second-quarter net income of $120,000. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Five analysts surveyed by Zacks expected $53.5 million.