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| Oil edges up near $113 but rise in supply eyed Reuters LONDON (Reuters) - Oil prices edged up towards $113 a barrel on Friday, but analysts and traders said a downside shift was likely because the UK's Buzzard oilfield was expected to restart this weekend while the demand outlook remained weak. At 1000 ... See all stories on this topic » | ||
| Markets tepid on EU bank rescue outcome Financial Times Markets gave a tepid response to the partial progress made by European leaders at their summit in Brussels, where they agreed a timetable to set up a single eurozone-wide banking supervisor run by the European Central Bank. The regulator will be ... See all stories on this topic » | ||
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| Oil Heads for Weekly Gain as TransCanada Shuts Keystone Pipeline Bloomberg Oil headed for a second weekly gain in New York after TransCanada Corp. shut its Keystone pipeline for repairs, disrupting crude supplies to the U.S. Midwest. Futures rose as much as 0.2 percent, extending the longest run in more than a decade of daily ... See all stories on this topic » | ||
| Stent Maker Posts Loss as Sales Decline New York Times The medical device maker Boston Scientific reported a quarterly loss on Thursday because of charges and lower sales in its two largest businesses. It warned of continued weakness in the fourth quarter, when sales usually have a seasonal increase. See all stories on this topic » | ||
| Union Pacific Profit Up 15% on Car and Chemical Traffic New York Times The railroad reported income of $1 billion or $2.19 a share, up from $904 million, or $1.85 a share, a year ago. Union Pacific, based in Omaha, said revenue grew 5 percent, to $5.34 billion from last year's $5.1 billion. Analysts surveyed by FactSet expected ... See all stories on this topic » | ||
| Holiday deals shaping up to be best in years CNNMoney NEW YORK (CNNMoney) -- Stores are falling over themselves this holiday season to lure shoppers in with deals like matching online prices, extending layaways, and even making their own tablets. What that means for shoppers is likely the best season of ... See all stories on this topic » | ||
| U.S. jobless claims climb 46000 to 388000 MarketWatch WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits jumped 46,000 to a seasonally adjusted 388,000 in the week of Oct. 7-13, the Labor Department said Thursday, erasing the sharp drop from the prior week. Claims had fallen two ... See all stories on this topic » | ||
| Stock index futures mixed; eyes on GE results Reuters PARIS (Reuters) - Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures up 0.05 percent and Nasdaq 100 futures down 0.16 percent at 0832 GMT. European shares dipped in ... See all stories on this topic » | ||
| Hong Kong shares post 7th straight weekly gain, China underperforms Reuters (Updates to close). * HSI +0.2 pct on the day, +2 pct this week. * CSI300 -0.2 pct on the day, +1.2 pct this week. * Rebound in early to mid stages, more cyclical rotation ahead: BoComm. * China Mobile slips ahead of Q3 earnings Monday. By Clement Tan ... See all stories on this topic » | ||
| Starbucks opens its first cafe in India The Seattle Times After years of delays, Starbucks opened its first cafe Friday in India. The two-story location in Mumbai features local design, Indian teakwood furniture and espresso drinks made from Indian-grown and roasted coffee. The company plans to open two more ... See all stories on this topic » | ||
| GM to absorb 3000 from Hewlett-Packard The Detroit News General Motors Co. said Thursday it will move about 3,000 Hewlett-Packard Co. employees already working on GM's information technology operations onto the automaker's payroll at no additional cost to GM. The workers will become employees of GM ... See all stories on this topic » | ||
| Stocks to Watch: Google, GE, McDonald's TheStreet.com The Mountain View, Calif.-based company earned $9.03 a share on revenue of $11.33 billion during the third quarter. Analysts were looking for earnings of $10.65 a share and sales of $11.862 billion. Google shares fell 8% during Thursday's regular session ... See all stories on this topic » | ||
| Capping device source of sheen, Coast Guard says Houston Chronicle Oil in a slick discovered in the Gulf of Mexico is seeping from a 100-ton device that BP used several weeks after the 2010 oil spill in a failed attempt to cap its runaway Macondo well, the U.S. Coast Guard said Thursday. The oil is not coming from the Macondo ... See all stories on this topic » | ||
| The Daily Twit - 10/19/12: U.S. and China Steel Fighting Business Insider Seems like all I do these days is write about the U.S.-China relationship. Things could be a lot better, but bilateral relations aren't as bad as the rhetoric might suggest. I blame the election/leadership change and expect that things will quiet down later this year. See all stories on this topic » | ||
| Newsweek points to journalism's future MarketWatch NEW YORK (MarketWatch) — Newsweek, which announced Thursday that it will terminate its print edition at year-end and go 100% digital, won't be the last venerable media organization to take this drastic action. While many observers and historians will ... See all stories on this topic » | ||
| Mass. joblessness climbs in September Boston Globe The Massachusetts unemployment rate edged upward for the third straight month, climbing to 6.5 percent in September, the Massachusetts Executive Office of Labor and Workforce Development reported Thursday. The state's jobless rate had been at a recent ... See all stories on this topic » | ||
| Rosneft/TNK-BP deal: bad for Russia Financial Times (blog) Rosneft's proposed $50bn-plus takeover of TNK-BP, buying out BP and its Russian oligarch partners, will turn the state-run group into one of the world's largest oil producers controlling nearly half Russia's output. For those who believe that bigger is better, ... See all stories on this topic » | ||
| Fatal air crash decline presents safety challenge Wall Street Journal Associated Press. WASHINGTON — It's been 43 months since the last deadly airline crash in the United States, the longest period without a fatal domestic accident since commercial aviation expanded after World War II. That sounds like unvarnished good ... See all stories on this topic » | ||
| Pacific Century to Buy ING's Asian Insurance Units for $2.1 Billion New York Times (blog) LONDON — The Dutch financial services firm ING Group agreed on Friday to a $2.1 billion deal to sell some of its Asian insurance businesses to the Pacific Century Group, which is owned by the son of one of Asia's richest men. Under the terms of the deal, ... See all stories on this topic » | ||
| US Postal Service taking comments about office hours Kingston Daily Freeman By WILLIAM J. KEMBLE Correspondent. The U.S. Postal Service is planning a series of meetings in the region to take comments on possible alternatives to cutting the hours of operation of local post offices in half. Maureen Marion, the agency's northeast ... See all stories on this topic » | ||
| Indian shares fall; Reliance falls, ITC gains Reuters India MUMBAI, Oct 19 (Reuters) - Indian shares fell on Friday as Reliance Industries extended a recent losing run on continued worries about the outlook for its refining margins, but ITC rose to a record high after reporting strong July-September earnings. Reliance ... See all stories on this topic » | ||
| Buy American Express And BlackRock On A Dip Seeking Alpha In this article, we'll take a look at BlackRock (BLK) and American Express (AXP), two financial services firms. Both firms recently released third-quarter earnings and we're going to examine the third quarter and update the investment recommendations. See all stories on this topic » | ||
| Greg Smith Quit Goldman After 'Unrealistic' Pitch for $1M Bloomberg Greg Smith, the former Goldman Sachs Group Inc. (GS) salesman who publicly accused the firm of ripping off its clients, was denied a raise and a promotion in the weeks before he resigned in March, documents provided by Goldman show. Smith, 33, told one ... See all stories on this topic » | ||
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| New Contract For Weirton Plant Workers West Virginia MetroNews The union workers at the ArcelorMittal plant in Weirton have a new three-year contract. The United Steelworkers Union announced the ratification Thursday. It covers workers at 15 ArcelorMittal plants in eight states. USW Local 2911 President Mark Glyptis ... See all stories on this topic » | ||
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| With deal's demise, Beechcraft has new challenges Wichita Business Journal News that talks between Hawker Beechcraft Corp. and Superior Aviation Beijing Co. Ltd. have broken down doesn't surprise industry observers, at least two of whom say the failed negotiations could turn out to be a blessing in disguise. On Thursday, Hawker ... See all stories on this topic » | ||
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| Japan Goes Shopping—and Not Just for Sprint Businessweek Masayoshi Son's $20.1 billion bid for SoftBank (9984) to buy control of Sprint (S) is the biggest outbound Japanese takeover in at least a dozen years. It's also the latest and largest example of a new movement by Japanese companies to look abroad for ... See all stories on this topic » | ||
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| SanDisk (SNDK) Announces Quarterly Earnings, Beats Expectations By $0.14 EPS Jags Report SanDisk (NASDAQ: SNDK) released its earnings data on Thursday. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. The company's revenue for the quarter was down 10.1% on a ... See all stories on this topic » | ||
| Foreign investment in China falls further The Australian Investment from overseas declined by 6.8 per cent from a year earlier to $US8.43 billion ($A8.17 billion) last month, the commerce ministry said on Friday. The decline continued a downward trend stretching back to November, with the exception of May, when ... See all stories on this topic » | ||
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| Earnings roundup: Morgan Stanley, Philip Morris Businessweek Among the earnings stories for Thursday, Oct. 18, from AP Business News: — Morgan Stanley reported higher revenue and net income for its third quarter thanks to gains in its bonds and asset management businesses. — Cigarette maker Philip Morris ... See all stories on this topic » | ||
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| AMD swings to loss, laying off 15% of workforce MarketWatch SAN FRANCISCO (MarketWatch) -- Advanced Micro Devices (US:amd) reported a deep net loss for the third quarter on Thursday afternoon, and announced a restructuring program that will result in the layoffs of 15% of its total workforce, or about 1,770 ... See all stories on this topic » | ||
| NY reviews higher energy costs after de-regulation Wall Street Journal Associated Press. ALBANY, N.Y. — State regulators are launching a review after initial findings show many New Yorkers who took advantage of initial discounts to sign up with independent, retail energy providers are paying more for electricity and natural gas ... See all stories on this topic » | ||
| Pittsburgh enjoys big 3Q for investments Pittsburgh Business Times Investors poured some $66.5 million in funding into 17 Pittsburgh companies during the three months ended Sept. 30, marking the biggest quarter dollar-wise locally since the fourth quarter of 2008, when $78.7 million was raised. The investors included ... See all stories on this topic » | ||
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| Nokia Q2 Edges Street Ests; But Smartphone Sales Disappoint Forbes Nokia this morning posted slightly better than expected results for the second quarter, but received mixed reviews from analysts for its performance, with stronger results from its Nokia Siemens Networks venture, but continued weak results from smartphones. See all stories on this topic » | ||
| FOREX-Yen hits multi-month lows, BOJ seen easing Reuters USD holds near two-month highs vs yen. * Dollar index bounces off one-month lows. * Google drama prompts some profit taking. By Ian Chua. SYDNEY, Oct 19 (Reuters) - The yen plumbed five-month lows on the euro and a two-month trough on the dollar on ... See all stories on this topic » | ||
| CME in informal talks on reducing grain trading hours: source Reuters CHICAGO (Reuters) - The Chicago Board of Trade has explored reducing the nearly non-stop grain trading hours it implemented earlier this year, according to a participant in initial conversations with the grain industry. The Board of Trade, owned by CME ... See all stories on this topic » | ||
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| Mortgage rates remain near record lows CNNMoney NEW YORK (CNNMoney) -- Rates on the average 15-year, fixed-rate mortgage hit a new low this week, falling to 2.66%, according to mortgage giant Freddie Mac. The 15-year is particularly popular with homeowners who want to refinance their old mortgages ... See all stories on this topic » | ||
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| Supervalu sees 2Q loss, in active talks on options Businessweek NEW YORK (AP) — Grocery store operator Supervalu lost money in its latest quarter, but the struggling company said it is in active discussions with several parties over a possible deal. Supervalu fired its CEO in July, replacing him with Chairman Wayne ... See all stories on this topic » | ||
| GRAINS-Soy on track for 1st weekly gain since early Sept Reuters Africa Soy down 0.6 pct after three sessions of gains * Corn, wheat futures edge lower on profit-taking * Prices may rise next week as harvest winds down (Adds details, quotes) By Naveen Thukral SINGAPORE, Oct 19 (Reuters) - U.S. soybeans slid half a percent on ... See all stories on this topic » | ||
| EU bank supervision fully on line by 2014 - ECB's Nowotny Interactive Investor VIENNA (Reuters) - Europe's new unified banking supervision system should be fully functional for big banks by the start of 2014 but could begin earlier in individual cases, such as for Spanish lenders, European Central Bank Governing Council member ... See all stories on this topic » | ||
| Marvell lowers outlook for Q3 Telecompaper (subscription) US-based silicon products developer Marvell has updated its financial outlook for the third quarter of fiscal 2013, ending 27 October. Marvell now expects net revenue to be in the range of USD 765-785 million, compared with prior outlook of between USD ... See all stories on this topic » |
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