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  • Small US-based plane crashes in Caribbean Sea Friday, 31 Oct 2014 | 10:17 AM ET

    PHILIPSBURG, St. Maarten— Authorities searched in the Caribbean Sea off Dutch St. Maarten on Thursday for one of two pilots from a small cargo plane operated by a U.S. company that crashed shortly after takeoff. The body of the other pilot was recovered after the plane crashed Wednesday evening about 3 miles from the runway in St. Maarten, said Wendell Thode, an...

  • Whatever Gorman meant by "optimize," the commodities staff interpreted it as "not good for my career at Morgan Stanley. "According to KBW analyst Brian Kleinhanzl, who rates Morgan Stanley a" market perform, "optimize means" cutting people or exiting products altogether that are unprofitable. "As we have previously stated, Morgan Stanley is committed to a...

  • LONDON, Oct 31- British luxury sports car maker Aston Martin has been granted a temporary exemption to new U.S. safety rules that would have stopped it selling hundreds of cars in one of its key markets, American regulators said on Friday. On Friday, the National Highway Traffic Safety Administration said it would give the marque longer to comply due to the niche...

  • NEW YORK, Oct 31- U.S. Investors were already in a risk-seeking mode going into the close of Thursday's session on reports Japanese pension funds would increase allocations to Japan's stock market. That helped Wall Street end the day on a positive note.

  • Oct 31- Spirit AeroSystems Holdings Inc, a supplier to Boeing Co, reported a better-than-expected quarterly profit, helped by higher margins, and the company raised its full-year profit forecast for the second time as planemakers boost production. Boeing and Airbus, which also sources parts from Spirit, now buy about two-thirds of the planes' content from...

  • Oct 31- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted...

  • US stocks open higher, following gains in Asia Friday, 31 Oct 2014 | 9:36 AM ET

    NEW YORK— U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy. Markets rose sharply in Asia after the Bank of Japan unexpectedly announced new stimulus measures to boost the country's flagging economy. In the U.S., GoPro soared 15 percent after the maker of wearable cameras reported higher earnings and revenue...

  • Oct 31- Oshkosh Corp reported a higher quarterly profit on Friday as strong sales of aerial access equipment and concrete mixers to builders in North America offset continued weak sales of tactical vehicles to the U.S. Defense Department and other military customers. The manufacturer of specialty trucks reported a net profit of $77.8 million, or 93 cents a...

  • Nissan recalls Infiniti SUVs to fix air bags Friday, 31 Oct 2014 | 9:20 AM ET

    DETROIT— Nissan says it's recalling more than 1,800 Infiniti SUVs in the U.S. for an air bag problem that could send shrapnel into the passenger compartment. The recall covers some QX56 SUVs from 2013 and the QX80s from 2014. The company says inflators made by Takata Corp. were built with an incorrect outer baffle part. Takata says the recall only affects GM and...

  • WASHINGTON, Oct 31- U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter. Consumer spending declined 0.2 percent last month after a 0.5 percent increase in August, as demand for goods tumbled and demand for services barely rose, Commerce Department data showed.

  • *GoPro rallies as holiday outlook shines. *Abbvie shares rise after results, outlook. At the same time, Japan's $1.2 trillion Government Pension Investment Fund announced new allocations for its portfolio, including raising its holdings of domestic and foreign stock holdings to 25 percent each from 12 percent.

  • Wheeling-based WesBanco buying ESB Bank for $325M Friday, 31 Oct 2014 | 9:03 AM ET

    ELLWOOD CITY, Pa.— WesBanco Inc. is buying western Pennsylvania's ESB Bank for $325 million in cash and stock giving the West Virginia- based bank an even bigger presence in the greater Pittsburgh market. WesBanco, which is based in Wheeling, West Virginia, will add 23 branches in four western Pennsylvania counties as well as $1.9 billion in assets and $1.3 billion...

  • Pinnacle West beats 3Q profit forecasts Friday, 31 Oct 2014 | 8:45 AM ET

    PHOENIX _ Pinnacle West Capital Corp. on Friday reported profit of $244 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Oct 31- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a better-than-expected 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a...

  • Chevron beats 3Q profit forecasts Friday, 31 Oct 2014 | 8:39 AM ET

    SAN RAMON, Calif.— Chevron Corp. on Friday reported profit of $5.59 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Clorox tops Street 1Q forecasts Friday, 31 Oct 2014 | 8:39 AM ET

    OAKLAND, Calif. _ Clorox Co. on Friday reported earnings of $90 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Analysts expected $1.33 billion, according to Zacks.

  • US consumer spending down 0.2 percent in September Friday, 31 Oct 2014 | 8:38 AM ET

    WASHINGTON— U.S. consumer cut spending in September for the first time in eight months, as incomes grew at the slowest pace this year. Consumer spending slipped 0.2 percent in September, the Commerce Department reported Friday, the weakest performance since an identical decline in January. Ian Shepherdson, chief economist at Pantheon Macroeconomics, said he...

  • AbbVie hikes forecast, tops Street expectations Friday, 31 Oct 2014 | 8:36 AM ET

    The drugmaker AbbVie surprised Wall Street on Friday with a third-quarter performance that turned out much better than expected and a new 2014 forecast that also extends well beyond what analysts predict. AbbVie Inc. also reported on Friday adjusted earnings of 89 cents per share in the third quarter. Overall, AbbVie earned $506 million, or 31 cents per share,...

  • AP NewsAlert Friday, 31 Oct 2014 | 8:32 AM ET

    WASHINGTON— US consumer spending down 0.2 percent in September, first slip in 8 months while income slows.

  • Exxon posts surprise profit jump on refining Friday, 31 Oct 2014 | 8:31 AM ET

    IRVING, Texas— ExxonMobil Corp. profits rose 3 percent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production. The company said Friday it earned $8.07 billion on revenue of $107.49 billion in the third quarter. On a per share basis, the company earned $1.89, up from $1.79 last year and far above the $1.71...