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AP Top Business News At 7:26 a.m. EDT

Target names Pepsi's Cornell as chairman, CEO
MINNEAPOLIS (AP) -- Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada....

Fast food ambitions in China hurt by safety scares
BEIJING (AP) -- Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day....

Homeowner who fought off Trump is moving on
She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person."...

Adidas issues profit warning on Russia risks
BERLIN (AP) -- 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....

Sony surprises with first quarter profit
TOKYO (AP) -- 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....

World stocks drift after US Fed stays course
MUMBAI, India (AP) -- 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....

As US economy accelerates, Fed remains cautious
WASHINGTON (AP) -- After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year....

Eurozone inflation drops further to 0.4 percent
BRUSSELS (AP) -- The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, likely adding pressure on the European Central Bank to beef up its efforts to spur the economy....

Journal Communications, Scripps Co. announce deal
MILWAUKEE (AP) -- Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public entity, the companies announced late Wednesday....

German machinery industry hit by Russia tensions
BERLIN (AP) -- A group representing Germany's machinery industry revised its output forecast sharply lower on Thursday, pointing to the effects of political tension with Russia and the wider uncertainty it has caused....

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Up to the Minute
Ailing Portuguese bank's shares sink after losses

Target names Pepsi's Cornell as chairman, CEO

Volkswagen 2nd quarter profit up but revenue slips

Adidas issues profit warning on Russia risks

Siemens earnings up 27 pct in April-June quarter

AB InBev earnings rise, sees US improving

Sanofi 2nd quarter profit surges

Shell profit up on higher oil prices

Whole Foods plans major marketing push

US judge slaps $1.3B fine on Bank of America