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Yum says China food safety scare hurting KFC, Pizza Hut sales

Wed, 30/07/2014 - 22:51
(Reuters) - 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.






Solar power clouds Australia's $10 billion sale of 'poles and wires'

Wed, 30/07/2014 - 22:42
SYDNEY (Reuters) - Sun-drenched Australia's growing love of solar power is casting a long shadow over its biggest privatisation in two decades and the second-biggest sale ever of a state asset.






As Abenomics halo slips, Tokyo IPO investors press for value

Wed, 30/07/2014 - 22:26
TOKYO (Reuters) - At the New York Stock Exchange last September, buoyed by high hopes for Japan's economic revival, Prime Minister Shinzo Abe urged Wall Street to "Buy my Abenomics!" Amid sagging growth and Tokyo listing flops, investors are now looking for a discount.






AMC Networks in talks to buy 50 percent stake in BBC America - Bloomberg

Wed, 30/07/2014 - 22:22
(Reuters) - 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.






Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

Wed, 30/07/2014 - 21:42
NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion (£750.75 million) penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.






Germany to examine BlackBerry's planned Secusmart buy

Wed, 30/07/2014 - 21:01
BERLIN (Reuters) - Germany will examine BlackBerry's planned acquisition of Secusmart, whose encryption technology protects the devices of government officials including Angela Merkel.






Airbus Group first-half core profit up, studies Dassault stake sale

Wed, 30/07/2014 - 07:07
PARIS (Reuters) - Airbus Group on Wednesday reported first-half underlying operating profit up 10 percent and reaffirmed its forecasts for the year, seeking to dampen concerns among some investors about the health of the commercial jetliner market.






Bayer second quarter underlying profit edges higher on new drug sales

Wed, 30/07/2014 - 07:02
FRANKFURT (Reuters) - Bayer , Germany's largest drugmaker, posted a 1 percent gain in quarterly adjusted core earnings, as strong sales growth of newly introduced pharmaceuticals was tempered by a strong euro weighing on the value of overseas sales.






Schneider keeps 2014 goals after forex hits first-half sales

Wed, 30/07/2014 - 06:43
PARIS (Reuters) - Electrical gear maker Schneider Electric confirmed its full-year targets on Wednesday after it posted a 3.2 percent rise in first-half sales and roughly flat earnings that missed expectations.






Barclays Africa first-half earnings up 10 percent

Wed, 30/07/2014 - 06:37
JOHANNESBURG (Reuters) - Barclays Africa Group's posted an expected 10 percent rise in first-half headline earnings on Wednesday boosted by its Africa operations.






Time almost up for Argentina to avoid debt default

Wed, 30/07/2014 - 06:24
BUENOS AIRES (Reuters) - Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.






Boeing forecasts higher demand for pilots as airplane deliveries rise

Wed, 30/07/2014 - 06:14
SINGAPORE (Reuters) - Boeing has this year raised by 7 percent its forecast for global demand for commercial airline pilots to 533,000 over the next 20 years, citing rising deliveries of aircraft and buoyant demand from the Asia Pacific.

U.S. economy seen regaining muscle in second quarter

Wed, 30/07/2014 - 06:11
WASHINGTON (Reuters) - U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

Japan June output falls at fastest pace since March 2011 quake

Wed, 30/07/2014 - 05:44
TOKYO (Reuters) - Japan's June industrial output fell at the fastest rate since the earthquake and tsunami of March 2011 as companies slowed production to offset a build-up in inventories, clouding the outlook for the economy.






Asian shares hit six and a half year high, dollar steady before Fed

Wed, 30/07/2014 - 04:41
TOKYO (Reuters) - Asian shares touched a six-and-half-year peak while the dollar held steady against the euro on Wednesday, as investors awaited key U.S. data as well as a U.S. Federal Reserve meeting that some believe might result in a more hawkish policy outlook.






Twitter assuages growth concerns for now as shares soar 35 percent

Wed, 30/07/2014 - 04:03
SAN FRANCISCO (Reuters) - Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup, assuaging concerns for now that the online messaging service had peaked.






VW closes in on Toyota as global auto leader

Wed, 30/07/2014 - 03:56
TOKYO (Reuters) - Volkswagen is closing in on Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China - the world's biggest auto market - while Toyota curbs growth to focus on shoring up quality.






Pfizer leaves investors guessing on intentions for Astra

Wed, 30/07/2014 - 03:28
(Reuters) - Pfizer Inc, which in May abandoned its $118 billion bid for AstraZeneca Plc, on Tuesday left investors guessing whether it would renew its pursuit of its British rival, but said it was considering other deals.






NY regulator wants monitors in Deutsche Bank, Barclays - source

Wed, 30/07/2014 - 03:27
(Reuters) - New York's banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said.






GM sued over deaths, injuries linked to ignition switch

Wed, 30/07/2014 - 02:29
(Reuters) - General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches.






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