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Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.
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World stocks drift after US Fed stays course

Kay Johnson, Associated Press  |  posted 38 minutes ago
Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected. Investors are now reckoning with an expiry date for the lavishly easy monetary policy that has underpinned gains in global stock markets for several years.
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GOP: Lerner emails show bias against conservatives

Stephen Ohlemacher, Associated Press  |  posted Jul 31st - 1:12am
Congressional investigators say this is why they want all of Lois Lerner's emails.
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German jobless rate edges up to 6.6 pct in July

The Associated Press  |  posted 18 minutes ago
Germany's jobless rate has edged up to 6.6 percent in July on an expected seasonal rise as students register as unemployed, but the underlying trend in Europe's biggest economy remained positive.
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Eurozone inflation drops further to 0.4 percent

The Associated Press  |  posted 27 minutes ago
Official data show the inflation rate in the 18-nation eurozone fell further in July, to 0.4 percent from 0.5 percent a month earlier.
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Adidas issues profit warning on Russia risks

Geir Moulson, Associated Press  |  posted 27 minutes ago
Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
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Swiss central bank reports $17.7B half-year profit

The Associated Press  |  posted 48 minutes ago
Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.
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Panel wants TEPCO execs charged over nuke crisis

Mari Yamaguchi, Associated Press  |  posted 57 minutes ago
A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.
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Alcatel loss narrows in 2Q but revenue stagnates

The Associated Press  |  posted 58 minutes ago
Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
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Sony surprises with first quarter profit

Yuri Kageyama, Associated Press  |  posted Jul 31st - 2:01am
Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.
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Siemens earnings up 27 pct in April-June quarter

The Associated Press  |  posted Jul 31st - 1:40am
Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.
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AB InBev earnings rise, sees US improving

The Associated Press  |  posted Jul 31st - 1:20am
Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an improving economic outlook in the U.S.
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Facebook's expands in Zambia

Barbara Ortutay, Associated Press  |  posted Jul 31st - 1:20am
Facebook's project is taking another step toward its goal of bringing the Internet to people who are not yet online with an app launching Thursday in Zambia.
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Sanofi 2nd quarter profit surges

The Associated Press  |  posted Jul 31st - 1:11am
French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.
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Congress races to finish veterans, highway bills

Donna Cassata, Associated Press  |  posted Jul 31st - 12:52am
Congress is racing to wrap up legislation addressing chronic problems at the Veterans Affairs Department and a shortfall in highway money ahead of its five-week summer break. Deep divisions cast doubt on any resolution to the surge of immigrants at the border.
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