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Here are Thursday’s top stories:
General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) are going against a macro slowdown in China as GM sales jumped by 15.1 percent clip in July, while Ford sales soared by 32.0 percent in the same period.
PepsiCo Inc. (NYSE:PEP), through a distribution arrangement with Diamond Star, will market its beverage brands in Myanmar (Burma). The firm says that the untapped market has great growth potential and it intends to also search out opportunities through which to invest in agricultural development projects in that country.
The Federal Trade Commission is still stalling out over regulatory matters in the merger between Dollar Thrifty Automotive Group Inc. (NYSE:DTG) and Hertz Global Holdings Inc. (NYSE:HTZ). The Commission was expected to be set to okay a deal once Hertz agreed to sell off its Advantage rental car brand and also some airport locations.
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