Target hires new CEO, economy near cruise control, Fortune visits Colbert

THE FORTUNE DAILY Thursday, July 31, 2014

U.S. economy finally approaches cruise control We might be not be in the economic fast lane just yet, but at least we know where we're going.

Is this Mazda's moment? Mazda's sales are up this year, selling twice the industry average. Despite this, the company's market share remains around 2%.

Fortune's Allan Sloan and Stephen Colbert talk tax inversions Our senior editor at large drops by The Colbert Report to discuss U.S. companies avoiding taxes.

Target turns to PepsiCo's Brian Cornell to restore its fortunes Retailer to end 3-month vacuum at the top by appointing new CEO.

S&P says Argentina has defaulted after failing to pay holdout creditors The country failed to make a scheduled payment to a group of disgruntled creditors.

By Stephen Gandel Goldman's private equity problem is getting bigger The Volcker Rule may be causing Goldman Sachs to become greedy in the short-term.

By Geoffrey Smith Smartphones weigh on Sony, Samsung PlayStation 4 and movies lift Japanese giant, but Samsung shares sag as company confirms poor results.

By Philip Elmer-DeWitt Will Apple give its crown jewels to the Kremlin? Microsoft has been sharing its source code with Moscow since 2002.

Exclusive: Airbnb says it's saving our world with each rented room

Catalent delivers with $871 million biotech IPO

T-Mobile adds 1.5 million net customers in second quarter

Apple layoffs and Fortune on Colbert — five things to know today

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