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)
Best of the Web: Refugees Brave Europe's Deadly Seas
17:59 - Bloomberg News Senior Editor Tim Coulter reviews the top story from Bloomberg.com: ‘Refugees Brave Europe's Deadly Seas Over Wealthy Arab Neighbors.' Tim joined Anna Edwards on "Countdown."
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