Friday papers: Wall Street cheers encouraging GDP and jobless data

 * Dow rises 37 points, S&P improves three points and Nasdaq gains four points.

 * US second-quarter GDP unchanged at minus 1% vs consensus minus 1.5%

 * Initial claims for US jobless benefits fell 10,000 to 570,000 in week ended 22 August vs expected decline of 11,000

 * BTMV business barometer up 0.1% on week in 15 August week.

 * Kansas City Fed August manufacturing index minus 7 from 2 in July.

 * UK manufacturing insolvencies to reach peak this year, according to BDO Stoy Hayward.

 * Retailers are at their most confident about the high street outlook in almost two years, according to the CBI.

 * Number of US banks at risk hits 15-year high.

 * Bankers and industrialists and London's mayor fiercely reject Lord Turner's argument that Britain's 'swollen' banking industry is destabilising the economy and needed to be cut down to size.

 * Three-month Libor shows a sharp drop.