Economy in U.S. Expands 2.5%; Jobless Claims Drop

Aug. 29 (Bloomberg) -- U.S. Gross domestic product rose in the second quarter at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent, Commerce Department figures showed today in Washington. Jobless claims in the week ended Aug. 24 dropped 6,000 to 331,000 from a revised 337,000 the week before, the Labor Department said today. Betty Liu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Philippine Stocks Attractive Over Long Term: Rasheed
19:50 - Abdul Jalil Rasheed, an investment director at Invesco Asset Management, talks about the latest rate decision out of Malaysia, prospects for Indonesia and why Invesco favors the Philippines market. He speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
  • How China Plans to Tackle Pollution Problem
  • Why Amazon Is Opening a Store on Alibaba’s Tmall
  • Harrison Ford Reported Injured in Small Plane Crash