Business Today: Exxon Mobil second-quarter profit tops estimates on higher oil prices

		Click to View in Browser 07/31/2014 Exxon Mobil second-quarter profit tops estimates on higher oil prices (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported better-than-expected quarterly profit on Thursday on higher prices for crude and natural gas. MasterCard profit rises 10 percent as card usage grows (Reuters) - MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases. Weak demand for video services weighs on Time Warner Cable (Reuters) - Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter. Stock futures fall after Argentina default, data awaited NEW YORK (Reuters) - U.S. stock index futures were sharply lower on Thursday, after Argentina defaulted for the second time in 12 years, raising concerns the country's weakness could spread to the region. Target appoints Pepsi executive Brian Cornell as CEO (Reuters) - Target Corp appointed former PepsiCo Inc executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach that hurt the retailer's earnings and reputation. DirecTV quarterly revenue rises 5 percent (Reuters) - DirecTV, the No.1 U.S. satellite TV provider, reported a 5.3 percent rise in second-quarter revenue, helped by price increases and fewer subscriber disconnections. Argentina defaults but investors see eventual deal possible BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached. ConocoPhillips second-quarter profit slightly higher; output rises (Reuters) - ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production. European court rules Russia must pay Yukos shareholders 1.9 billion euros MOSCOW/STRASBOURG (Reuters) - Europe's top human rights court awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in damages on Thursday, a new blow to Russia days after some of the former oil company's shareholders won $50 billion in The Hague. Samsung Electronics downbeat on third quarter prospects as profits slide SEOUL (Reuters) - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth. Related Video Pain and gain from strong euro – Continental CFO Breakingviews: BES bail-in a real risk Economic News U.S. jobless claims up, but four-week average hits eight-year low U.S. says hopeful of WTO deal with India only hours before deadline A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend