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  • Procter & Gamble names Taylor to succeed Lafley as CEO Tuesday, 28 Jul 2015 | 5:52 PM ET

    Procter& Gamble has named company insider David Taylor as president and chief executive effective Nov. 1. Procter& Gamble said Tuesday that Taylor will also join the board of directors. Shares of Procter& Gamble Co. rose 26 cents to close at $80.23 Tuesday, up 4 percent in the past 12 months.

  • Panera says restaurant sales heating up, shares pop Tuesday, 28 Jul 2015 | 5:19 PM ET

    July 28- Panera Bread Co said on Tuesday that sales at established company-operated restaurants have accelerated in the current quarter, sending shares up 7 percent to $200 in extended trading. Sales at company-owned bakery cafes open at least 18 months were up 2.4 percent in the second quarter, roughly in line with what analysts expected.

  • July 28- Twitter Inc raised the bottom end of its full-year revenue forecast as the company's push to boost advertising income paid off and it reported adjusted profit and revenue above Wall Street estimates. Analysts have said Twitter makes money from its users at a much lower rate than Facebook Inc but has been improving. Twitter said it expected full-year...

  • SuperValu and Pfizer are big market movers Tuesday, 28 Jul 2015 | 4:32 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. SuperValu Inc., up 78 cents to $8.14. Masco Corp., up $2.47 to $25.63.

  • Akamai profit falls about 8 pct as costs rise Tuesday, 28 Jul 2015 | 4:12 PM ET

    July 28- Akamai Technologies Inc, whose services help deliver Internet content faster, reported a near 8 percent fall in quarterly profit, hurt by a rise in costs. Shares of Akamai, which claims to deliver between 15 and 30 percent of all Web traffic, fell 5.6 percent to $69.50 in trading after the bell. The company's net income fell to $67.2 million, or 37 cents per...

  • Higher paint, window sales boost Masco's 2Q earnings Tuesday, 28 Jul 2015 | 7:34 AM ET

    TAYLOR, Mich.— Shares of Masco, the company behind Behr paint and Delta faucets, jumped Tuesday after the home improvement products maker posted better than expected earnings for its second quarter. New paint products and higher demand for its KraftMaid cabinets and Milgard windows helped boost results, Masco said. Masco reported net income of $105 million, or 30...

  • Freeport-McCoRan launches business review to cut costs Tuesday, 28 Jul 2015 | 1:03 PM ET

    Shares of Freeport-McMoRan jumped Tuesday after the company said it has started reviewing its mining and oil and gas businesses to look for cost-cutting opportunities in the face of weak markets for its products. Freeport-McMoRan Inc.' s assets include mining operations in North and South America, oil and gas assets in the United States and a minerals...

  • July 28- Shares of Cummins Inc rose almost 4 percent after the diesel engine maker reported a rise in quarterly revenue, boosted by distributor acquisitions in North America and stronger demand in truck and bus markets. Cummins' revenue from North America jumped 12 percent in the quarter, while international sales fell by 6 percent, dragged lower by a weak...

  • UPDATE 2-Ally Financial says has overcome GM deal loss Tuesday, 28 Jul 2015 | 11:16 AM ET

    July 28- Ally Financial Inc, the largest U.S. auto lender, reported a better-than-expected quarterly profit and record U.S. auto sales boosted lending, making up for a loss of an exclusive leasing deal with General Motors Co. Shares of Ally were up 4.8 percent at $22.59 in morning trading on the New York Stock Exchange. The company has been trying to boost its market...

  • NEW YORK— SuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies. Shares of SuperValu Inc. jumped more than 10 percent in late trading Tuesday. SuperValu Inc. has been getting smaller in recent years, selling its Albertsons, Jewel-Osco and other chains.

  • Shares in Atlanta- based United Parcel Service Inc rose more than 2 percent. Like main rival FedEx Corp, UPS is often seen as a bellwether of U.S. economic health. When reporting quarterly results in June, Memphis- based FedEx said lower fuel surcharges had cut into revenue.

  • July 28- Pfizer Inc reported better-than-expected quarterly profit and revenue, helped by strong demand for its pneumonia vaccine Prevnar 13 and sales of its breast cancer drug, Ibrance. The unit accounted for about 13 percent of Pfizer's total revenue. Pfizer's shares rose about 2 percent in premarket trading on Tuesday.

  • July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and it reported a 22 percent rise in orders. Shares of D.R. Horton, which caters to people buying their first or second homes, rose 1.3 percent to $27.1 in premarket trading on Tuesday. D.R. Horton's orders rose to 10,398 homes in...

  • July 28- Canada's WestJet Airlines Ltd reported a 19 percent rise in quarterly profit, helped by lower fuel costs and addition of new routes. The company's net earnings rose to C $61.6 million, or 49 Canadian cents per share, in the quarter ended June 30 from C $51.8 million, or 40 Canadian cents per share, a year earlier. Calgary- based WestJet shares closed at C $22.67...

  • *Kering, Statoil up on encouraging company updates. LONDON, July 28- European shares bounced back on Tuesday, lifted by strong company results and news of acquisitions after falling in the previous five sessions on concerns over China's growth. RSA Insurance Group surged 11.3 percent after Zurich Insurance said it was weighing up a bid for the British group with...

  • European shares up, RSA and Melrose surge on M&A news Tuesday, 28 Jul 2015 | 3:16 AM ET

    LONDON, July 28- European shares bounced in early trading on Tuesday after falling in the previous five sessions, with some strong company results and mergers and acquisitions news supporting the market. RSA Insurance Group surged 12.9 percent after Zurich Insurance said it was weighing up a bid for the British group with a market capitalization of 4.4...

  • SHANGHAI, July 28- Chinese shares fell on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy. But despite those moves, aimed at bolstering the confidence of the ordinary investors who dominate China's equity markets, the CSI300 index...

  • *Asia drops after Monday's freefall in China shares. The dollar was under pressure as China jitters spurred flows into havens such as the yen, while commodities including oil and copper wilted amid fears of a collapse in demand from China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent.

  • July 27- Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive. Baidu's shares fell more than 8 percent in extended trading on Monday after the company's current-quarter revenue...

  • July 27- Baidu Inc, China's biggest Internet search company, forecast current quarter revenue that missed analysts' average estimate, sending its shares down more than 5 percent in extended trading. For the third quarter, Baidu forecast revenue of 18.17 billion yuan to 18.58 billion yuan, below analysts' average estimate of 18.79 billion yuan, according to...