Jake Colvin, VP, Global Trade Issues at the National Foreign Trade Council, explains why India's opposition to a WTO trade facilitation deal is counter-productive.» Read More
HOUSTON, July 31- Murky private rulings from the U.S. Commerce Department to a pair of companies allowing exports of a very light form of domestic oil with minimal processing confused many in the market over exactly what can be exported, Marathon Petroleum Corp Chief Executive Gary Heminger said on Thursday.
July 31- RadioShack Corp investor BlueCrest Capital Management is pushing the struggling electronics retailer to repay lenders who are blocking its plans to shut stores, Bloomberg reported. RadioShack said in March it would close 1,100 stores after reporting a huge drop in sales during the holidays.
PARIS/ NEW YORK, July 31- French telecoms company Iliad has made a surprise offer for T-Mobile US Inc, setting up a potential bidding war with rival suitor Sprint Corp, the U.S. mobile firm now controlled by Japan's Softbank.
*Target appoints Pepsi executive Brian Cornell as CEO. July 31- Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings. Cornell, the first outsider to lead Target, has his work cut out.
CALGARY, Alberta, July 31- Imperial Oil Ltd reported a tripling of profit on Thursday and said production at its Kearl oil sands project was approaching its 110,000 barrel per day capacity as it continued to tweak operations at Canada's newest oil sands mine.
July 31- 3 D Systems Corp's quarterly profit missed the average analyst estimate, as higher costs associated with the launch of new products ate into the three-dimensional printer maker's profit margins.
*Yum says China meat scare impact "significant, negative". *China, HK diners say likely to visit chains less frequently... July 31- A food safety scare in China is testing local consumers' loyalty to foreign fast-food brands, including McDonald's Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.
July 31- Viacom Inc's unit, Paramount Pictures, said director and producer Michael Bay extended his first-look agreement with the studio by three years. The agreement with Bay's production company Platinum Dunes starts immediately and was expanded to include Bay Films, Paramount said.
July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.
NEW YORK, July 31- French telecoms operator Iliad SA has recently made a buyout approach for T-Mobile US Inc, according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp..
*Shares touch low of $22.60, below IPO price of $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.
*Q2 revenue falls 13 pct, but Brazil improves. The cosmetics maker said in June it would cut about 600 jobs, largely in its North America unit, and said it expected restructuring efforts to save about $50- $55 million a year.
July 31- French telecoms operator Iliad SA has made a buyout offer for T-Mobile USA Inc, a person familiar with the matter said, countering an offer by Sprint Corp..
TORONTO, July 31- Shaw Communications Inc will pay $830 million to buy U.S. data center services provider ViaWest Inc, the Canadian media and cable company said on Thursday, in a deal aimed at bolstering its cloud computing credentials. Shares in Shaw slipped 2 percent to C $24.75 in morning trade on the Toronto Stock Exchange.
July 31- Canada's Valeant Pharmaceuticals International Inc, embroiled in a bitter battle to take over Botox-maker Allergan Inc, on Thursday cut its 2014 and 2015 profit forecasts, sending shares 10 percent lower.
July 31- T-Mobile US Inc on Thursday posted its first net profit in a year, raised its forecasts for subscriber growth and reported the most postpaid phone subscriber additions in the industry. The company reported net income of $391 million, or 49 cents per share, compared with a year-earlier loss of $16 million, or 2 cents per share.
*Shares touch a high of $24, above IPO price $23. July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about the chances of a consumer-led U.S. economic recovery.
NEW DELHI, July 31- India's biggest carmaker, Maruti Suzuki India Ltd, warned on Thursday that its rising sales were largely driven by improving sentiment, discounts and government tax breaks, rather than any underlying economic revival.
While Avon's second-quarter profit and sales both fell short of Wall Street's expectation, analysts' highlighted the fact that the company's sales rose in its largest market, Brazil.
July 31- General Electric Co's credit card unit, Synchrony Financial, made a muted debut on the New York Stock Exchange on Thursday as investors remained ambivalent about a consumer-led U.S. economic recovery. Synchrony's shares touched a high of $24 before slipping to $22.75, just below the offer price of $23 per share.