12:25pm ET, Thu 28 Aug 200838

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DJIA: 11672.93 170.42  |  NASDAQ: 2403.14 20.68
 

Democrats ready celebration for Obama 10:33am ET

DENVER (Reuters) - Democrats prepared a grand celebration on Thursday for Barack Obama, who will accept a historic presidential nomination with a speech that spells out his vision for change in America.  Full Article | Video

 
Dream of statehood still distant for Georgia rebels 9:59am ET

MOSCOW (Reuters) - The dream of Georgia's separatist Abkhazia and South Ossetia regions for fully-fledged statehood is still out of reach, even after their ally Russia, defying the West, recognized them as independent states.  Full Article | Video 

Investing

MARKETS:
Wall Street rallies on strong GDP 11:32am ET

NEW YORK (Reuters) - Stocks rallied on Thursday as a surprisingly big upward revision to U.S. growth in the second quarter and lower oil prices fanned optimism about the economy.  Full Article 

Travel Web sites to battle in Asia

U.S. Internet travel companies are preparing to slug it out for dominance in Asia, where economic growth and increasing Web usage make the region a tempting target.  Full Article 

New heights in market angst

It is something of a truism to say that investors are worried -- they nearly always are. But with the global asset rally close to its fifth year, a new level of angst is being reached in some quarters.  Full Article 

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Business

Economy shows vigor, but seen flagging 11:53am ET

WASHINGTON (Reuters) - Strong exports and consumer spending supported by government stimulus checks pushed the U.S. economy ahead at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but growth is expected to flag as those factors fade.  Full Article 

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Water-cooler romance

If it seems like more people are flirting around the water cooler at your office these days, it may not be your imagination. Four out of 10 workers admit to being involved with another colleague at some point, a survey showed.  Full Article 

News

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New Year bittersweet for China's families

Millions of migrant workers will make the annual migration back home to rural villages for the Lunar New Year, queuing for hours and cramming into trains and buses for the chance to go home.  Full Article