Sandwich chain Quiznos Corp. named Stuart K. Mathis as its new president and chief executive, succeeding Greg MacDonald, who is stepping down immediately. Mr. Mathis's appointment is effective July 30. Mr. Mathis most recently served as president of United Parcel Service Inc.'s (UPS) UPS store

Singapore Exchange Ltd. (S68.SG) said Thursday it is raising admission standards for listing on its main board, to help improve the city-state's primary stock market and draw larger initial public offerings here.

Singapore Exchange Ltd. (S68.SG) said Thursday it is raising admission standards for listing on its mainboard, to help improve the city-state's primary stock market and draw larger initial public offerings here.

American Express Co.'s (AXP) second-quarter profit was essentially flat as the pace of customer card spending slowed, though it continued to benefit from historically low loan losses.

Kinder Morgan Energy Partners LP's (KMP) second-quarter earnings fell 33% as the company posted losses related to fair-value impacts tied to discontinued operations.

the U.K.'s austerity drive could go on beyond 2020 but tax cuts aimed at jump-starting the economy have not been ruled out, Prime Minister David Cameron said in a Daily Telegraph interview published on Thursday.

China's biggest four banks issued around CNY50 billion (US$7.9 billion) in new yuan loans in the first half of July, double that of the same period of last month, the state-run Shanghai Securities News reported Thursday, citing unnamed sources.

Spain may be able to use European Union bailout funds to buy public debt and thus alleviate the pressure on its borrowing cost and lower the risk premium, reports El Pais in its Thursday Internet edition, citing EU documents.

Brazilian credit-card networking services provider Redecard SA (RDCD3.BR) said second-quarter net profit rose 20% year-on-year as a sluggish local economy failed to undercut credit-card use in Latin America's largest economy.

Brazil's telecommunications regulator Anatel has suspended sales by three mobile-phone companies in some states because of the volume of customer complaints.