Alan Bollard, Executive Director of the APEC Secretariat, outlines the repercussions if India proceeds to block a deal struck by the World Trade Organization in Bali last year.» Read More
July 30- Yum Brands Inc on Wednesday said a television expose showing improper meat handling by one of its Chinese suppliers caused "significant, negative" damage to sales at its KFC and Pizza Hut restaurants over the past 10 days. Shares in Yum, which counts China as its No. 1 market, tumbled 6.1 percent in extended trading, down $4.45 to $68.55.
July 30- Canadian business software maker Open Text Corp reported quarterly revenue above analysts' estimates, largely driven by higher demand for its cloud services. The company said it appointed John Doolittle as Chief Financial Officer, effective Sept. 8.
July 30- Weight Watchers International Inc reported better-than-expected second-quarter revenue as the number of active subscribers rose in Central Europe, sending its shares up 15 percent in extended trading. Net income fell to $54 million, or 95 cents per share, in the quarter ended June 28, from $64.9 million, or $1.15 per share, a year earlier.
July 30- Cable TV broadcaster AMC Networks Inc is in talks to buy about 50 percent stake in BBC America, BBC Worldwide's U.S. channel, Bloomberg reported, citing people with knowledge of the matter.
July 30- Yum Brands Inc said reports of improper food handling by Chinese supplier Shanghai Husi has had a "significant, negative impact" on same-store sales at its KFC and Pizza Hut outlets in China over the past 10 days. Yelp's shares fell 6.5 percent in extended trading.
July 30- Home and auto insurer Allstate Corp reported a 49 percent jump in quarterly profit as costs fell and the company earned more premiums. On an operating basis, Allstate reported earnings of $1.01 per share. Premiums earned at Allstate's property-liability division rose about 5 percent to $7.20 billion.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first quarterly profit as a public company, shrugging of analyst forecasts of a loss, as it won more small businesses customers. Yelp, which listed almost three years ago, competes with internet search engines from Google Inc, Yahoo Inc and Microsoft Corp's Bing.
July 30- Chinese mobile security software maker NQ Mobile Inc said it received a buyout offer from investment firm Bison Capital Holding Co for about $490 million. The non-binding cash offer of $9.80 per American depository share was at a premium of 42 percent over NQ Mobile's Tuesday close.
July 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 48.6 percent rise in quarterly profit as net written premiums rise and operating expenses fall.
July 30- MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains. Net profit rose to $1.34 billion, or $1.17 per share, in the second quarter ended June 30 from $471 million, or 43 cents per share, a year earlier.
July 30- Yelp Inc, the operator of consumer review website Yelp.com, reported its first profit as a public company as more small businesses advertised on its website and mobile app. The company reported a net income of $2.7 million, or 4 cents per share, in the second quarter ended June 30, compared with a loss of $878,000, or 1 cent per share, a year earlier.
*Keeps full-year adj profit forecast of $7- $7.25/ share. July 30- Energizer Holdings Inc said it intends to spin off by next July its struggling household products business, which includes Energizer and Eveready batteries.
July 30- Equity markets will see a decline at some point after rising for the past several years, former Federal Reserve chairman Alan Greenspan said in an interview on Bloomberg TV.
July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to vehicle makers in North America and Latin America. Goodyear shares fell as much as 8.8 percent $25.22, their biggest intraday percentage decline in nearly two years.
July 30- The surge in Twitter Inc's shares has revived debate about whether the stock warrants a valuation that is five times that of Facebook Inc, its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 million in the second quarter.
Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation.
July 30- CME Group Inc, the world's largest futures exchange operator, said on Wednesday it would buy derivatives broker GFI Group Inc to expand its reach in the European energy and global foreign exchange markets.
July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to automakers in North America and Latin America. Total replacement tire shipments, however, rose 6 percent, Goodyear said. Excluding items, Goodyear earned 80 cents per share.
July 30- Shares of Twitter Inc were set to soar on Wednesday as surprisingly strong user growth eased investor concerns that the popularity of the micro-messaging site was waning. Twitter's user growth stagnated after it went public to much fanfare in November, leading to a management shake-up that included the exit of Chief Operating Officer Ali Rowghani.
July 30- Goodyear Tire& Rubber Co, the biggest U.S. tire maker, reported a higher quarterly profit on increased demand for replacement tires. Net income available to the company's shareholders increased about 18 percent to $213 million, or 76 cents per share, in the second quarter ended June 30, from $181 million, or 67 cents per share, a year earlier.