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
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.
July 31- Auto-parts maker BorgWarner Inc's full-year profit forecasts fell short of analyst expectations, sending its shares down 4 percent in early trading. BorgWarner raised its 2014 profit forecast for the second time in six months, to $3.25- $3.35 per share, from its previous forecast range of $3.15- $3.30 per share.
July 31- Kellogg Co, the world's largest maker of breakfast cereal, reported its fifth straight decline in quarterly U.S. cereal sales and said it no longer expects full-year internal sales to rise. The company cut its adjusted earnings forecast for the year ending December to between $3.81 and $3.89 per share from between $3.89 and $3.97.
July 31- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported higher second-quarter revenue, driven by increased bitumen prices and production from its Kearl project in Alberta. The company, 69.6 percent owned by Exxon Mobil Corp, said total revenue and other income rose 26.3 percent to C $10.05 billion in the second quarter ended June 30.
July 31- L-3 Communications Holdings Inc said it had fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business. L-3 said it expected a related reduction of about $43 million in net sales and a pre-tax charge of $84 million.
TORONTO, July 31- Canadian media and cable company Shaw Communications Inc said it would buy data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis.
July 31- Timken Co reported a lower-than-expected quarterly profit, hurt by a fall in demand for its ball bearings and power transmission components from the automotive and mining industries. Net income attributable to Timken fell to $62.7 million, or 68 cents per share, for the second quarter ended June 30, from $82.8 million, or 86 cents per share, a year earlier.
July 31- Canadian media and cable company Shaw Communications Inc said it would buy data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis. Shaw said the acquisition would help accelerate the development of its Canadian data center platform.
July 31- BorgWarner Inc, a maker of automotive turbochargers and emissions systems, posted a higher quarterly profit, helped by higher sales at its engine and drivetrain businesses.
July 31- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported higher second-quarter revenue, driven by increased bitumen prices and production. The company, 69.6 percent owned by Exxon Mobil Corp, said total revenue and other income rose 26.3 percent to C $10.05 billion in the second quarter ended June 30.
July 31- Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.
July 31- Discovery Communications Inc, which runs channels such as Animal Planet and Investigation Discovery, reported quarterly revenue slightly above analysts' expectations, helped by a jump in advertising sales in its international networks.
*India digs in heels as WTO trade deal deadline looms. NEW DELHI/ SYDNEY, July 31- The United States said on Thursday it was hopeful that differences between India and much of the rest of the world over a major trade agreement could be resolved in time, with only hours remaining before the deal has to be signed.
July 31- DirecTV, the No.1 U.S. satellite TV provider, reported a 5.3 percent rise in second-quarter revenue, helped by price increases and fewer subscriber disconnections. Net income attributable to the company rose to $806 million, or $1.59 per share, for the quarter ended June 30 from $660 million, or $1.18 per share, a year earlier.