Quiznos Names Stuart Mathis CEO, President
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 Bourse Raises Listing Standards
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.
Correction to American Express Earnings Story
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.
UK PM Says Austerity Drive Could Go Beyond 2020
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.
Spain May Be Able to Use EU Funds to Buy Public Debt
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.
Brazil Redecard 2Q Net Profit Up 20% on Year
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.