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
July 31- Avon Products Inc, a direct seller of beauty products, reported a 40 percent fall in quarterly profit as sales were hurt by increased competition in key markets such as Latin America and the United States.
July 31- T-Mobile US Inc added 1.5 million net customers in the second quarter, the fifth consecutive quarter the company has topped 1 million subscriber additions, as it continues an aggressive discount campaign that has shaken up prices in the industry.
July 31- Discovery Communications Inc reported a 10 percent rise in second-quarter revenue, helped by a 23 percent jump in advertising sales in its international networks. Net income available to the company rose to $379 million, or $1.09 per share, in the three months ended June 30, from $300 million, or 82 cents per share, a year earlier.
July 31- Asset manager Legg Mason Inc's quarterly profit more than doubled, driven by increased assets under management and lower operating expenses. Net income attributable to the company rose to $72.2 million, or 61 cents per share, in the first quarter ended June 30, from $47.8 million, or 38 cents per share, a year earlier.
July 31- Marathon Petroleum Corp's quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast. The refiner's net profit rose to $855 million, or $2.95 per share in the quarter ended June 30, from $593 million, or $1.83 per share, a year earlier.
July 31- Specialty healthcare company Endo International Plc reported a better-than-expected quarterly profit, helped by a 60 percent rise in U.S. generic sales, and it raised its full-year forecast.
July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.
July 31- Target Corp appointed PepsiCo Inc executive Brian Cornell as CEO as it tries to regain customer confidence after a devastating data breach last holiday season. Cornell resigned earlier this week as head of PepsiCo's Americas Foods business, which makes Quaker Oats and Frito Lay chips.
NEW DELHI, July 31- U.S. Commerce Secretary Penny Pritzker held out hope that differences with India over a deal on easing global trade would be resolved and an agreement would be reached by the end of a WTO deadline on Thursday.
July 31- T-Mobile US Inc added 1.5 million net customers in the second quarter, up from 1.1 million a year earlier, as the company continued an aggressive discount campaign that has shaken up prices in the wireless industry.
July 31- Canada's Bombardier Inc reported higher second-quarter revenue as it sold more trains and planes. Revenue rose 10.4 percent to $4.89 billion. The company's net income fell to $155 million, or 8 cents per share, in the quarter ended June 30, from $180 million, or 10 cents per share, a year earlier.
July 31- Time Warner Cable Inc, the second-largest U.S. cable TV operator, reported a 3.7 percent rise in quarterly profit as it signed up more residential subscribers to its high-speed data services.
*India digs in heels as WTO trade deal deadline looms. NEW DELHI/ SYDNEY, July 31- The United States raised the issue of a stalled trade agreement during talks with India's finance minister on Thursday, a source at the meeting said, hours before a deadline passes for New Delhi to sign a deal backers say would boost the global economy.
*Yum says China meat scare impact "significant, negative". 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.
*Earnings $6.1 bln vs $5.46 bln forecast. *Raises dividend, flags $30 billion returns to investors. LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts despite impairments of almost $2 billion after producing more liquids and selling at higher prices.
Britain's FTSE 100 eased 0.1 percent to 6,763.65 and France's CAC dropped 0.5 percent to 4,289.87. ASIA'S DAY: Tokyo's Nikkei 225, the regional benchmark, closed down 0.2 percent to 15,620.77 and South Korea's Kospi shed 0.3 percent to 2,076.12.
LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts, after producing more liquids and selling at higher prices. The company joins rival BP Plc in reporting better-than-expected earnings.
July 31- Target Corp is hiring PepsiCo Inc executive Brian Cornell as its new chief executive, the Wall Street Journal reported. Cornell, who has spent nearly a decade at PepsiCo, was a contender to succeed PepsiCo CEO Indra Nooyi, the Journal said.
July 31- Oil major Royal Dutch Shell Plc, which has been shedding assets to cut costs and streamline operations, reported a 33 percent increase in adjusted quarterly earnings after producing more liquids and selling at higher prices.
July 31- Target Corp is hiring PepsiCo Inc executive Brian Cornell as its new chief executive, the Wall Street Journal reported. Cornell, who has spent nearly a decade at PepsiCo, was a contender to succeed PepsiCo CEO Indra Nooyi, the newspaper reported. Target and Pepsi did not immediately respond to emails seeking comments.