Driven by ambitions to make China a great power, President Xi Jinping is staking his political authority on a huge task: overhauling the Chinese military. The New York Times reports.» Read More
July 23- Dow Chemical Co reported a better-than-expected quarterly profit as sales rose across its businesses and margins improved due to higher prices and a tight control on costs.
Boeing's ability to churn out the Dreamliner, which was hit by problems with its lithium-ion batteries last year, is crucial to the company's financial performance this year as it is relying on commercial jets to offset a weak defense business.
July 23- PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. PepsiCo raised its full-year earnings per share growth forecast to 8 percent from 7 percent.
July 23- Data storage products maker EMC Corp, under pressure from activist investor Elliott Management to boost shareholder returns, on Wednesday accelerated its share buyback plan and raised its current-year profit forecast.
July 23- BCE Inc, Canada's largest telecommunications company, said it would take Bell Aliant Inc private by buying the stake it does not already own in the company for about C $3.95 billion.
July 23- Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries. The company's net income rose to $1.65 billion, or $2.24 per share, in the second quarter ended June 30, from $1.09 billion, or $1.41 per share, a year earlier.
This week, U.S. coffee chain Starbucks is opening three of them. Vietnam's entrenched coffee culture means Starbucks is delving deeper into what could be one of its most challenging markets yet.
July 23- BCE Inc, Canada's largest telecommunications company, said it would take Bell Aliant Inc private by buying the stake it does not already own in the company. BCE already controls 44 percent of Bell Aliant, which offers telecom services in eastern Canada, and has valued the remaining stake at about C $3.95 billion.
July 23- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a 15.5 percent fall in quarterly income as it took a charge of $105 million related to the sale of a business. The company's net income fell to $541 million, or $1.58 per share, in the second quarter ended June 29, from $640 million, or $1.81 per share, a year earlier.
July 23- U.S. weapons maker Northrop Grumman Corp reported a 5 percent rise in quarterly profit and raised its 2014 earnings forecast. The company's net income rose to $511 million, or $2.37 per share, in the second quarter ended June 30, from $488 million, or $2.05 per share, a year earlier.
July 23- EMC Corp, the world's largest data storage equipment maker, reported a 5 percent rise in quarterly revenue, helped by sales of flash storage products and growth at its VMware Inc virtualization software unit. Net income fell to $589 million, or 28 cents per share, in the second quarter ended June 30 from $701 million, or 32 cents per share, a year earlier.
July 23- Dow Chemical Co said its second-quarter net profit fell 62 percent from a year earlier, when it received $2.2 billion in damages from Kuwait's state chemical company for pulling out of a petrochemical venture in 2008..
July 23- PepsiCo Inc reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America. The company's net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier. Excluding items, PepsiCo earned $1.32 per share.
July 23- Industrial gas producer Air Products and Chemicals Inc reported a 9 percent rise in quarterly profit, driven by higher sales by its merchant gases, and electronics and performance materials divisions. The company's net profit rose to $314 million, or $1.46 per share, in the third quarter ended June 30 from $288.4 million, or $1.36 per share, a year earlier.
July 23- Industrial gas supplier Praxair Inc reported a 5 percent rise in quarterly profit, buoyed by increased prices and higher sales to the energy, chemicals and manufacturing industries. Net income rose to $467 million, $1.58 per share, in the second quarter ended June 30, from $445 million, or $1.49 per share, a year earlier.
LONDON, July 23- Emerging equities hit new 17- month highs on Wednesday, buoyed by strong post-election gains in Indonesia and a rise in Russian stocks after a conciliatory tone from the Kremlin over the downed Malaysian Airlines jet.
Hong Kong's Hang Seng was up 0.8 percent to 23,962.98 and Australia's S&P/ASX 200 rose 0.6 percent to 5,575.10 helped by the brisk output report by mining giant BHP Billiton.
July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.
And in Iraq, the al-Qaida breakaway group that has taken huge swaths of territory seized weapons depots all along the way.
July 22- Puma Biotechnology Inc said its experimental breast cancer drug met its main goal in a late-stage trial. Shares of the company, which doesn't have any drug in the market, tripled to $176.94 in extended trading.