Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

SAN FRANCISCO (Reuters) – Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp’s shares up 19 percent.

NATO soldier killed in Afghanistan convoy attack: coalition

WASHINGTON (Reuters) – A NATO soldier was killed and six other personnel were wounded in Afghanistan on Thursday after a suicide bomber attacked their convoy in Kabul province, a coalition statement said.

Viacom shares hit after delay in Chinese studio payments, weak ad outlook

(Reuters) – Viacom Inc, the owner of MTV, Comedy Central and Paramount, said on Thursday Chinese studio Huahua Media delayed a payment to the company in June and that it expected continued single digit declines in ad revenue this quarter, sending its stock down sharply after hours.

Mexico coalition plan augurs shift in presidential system

MEXICO CITY (Reuters) – Mexico’s ruling Institutional Revolutionary Party (PRI), long the country’s dominant political force, must recognize its future may lie in sharing power with longtime rivals, one of its most senior lawmakers said.

U.S.-backed Yemeni troops attack al Qaeda in southern state

DUBAI (Reuters) – Yemeni troops, backed by the United States and the United Arab Emirates, conducted raids against the local affiliate of al Qaeda in Shabwa province on Thursday, the Emirati state news agency WAM said.