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  • *Q3 profit misses estimates as weak Gulf of Mexico hits margins. Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, said its clients would reconsider projects if oil prices fell to and remained at $75 per barrel for a few months, although many of them considered the recent slide in oil prices a short term blip. The caution from came after Baker...

  • Infected nurse may be moved: Gov't official     Thursday, 16 Oct 2014 | 11:31 AM ET

    CNBC's Meg Tirrell reports the first nurse who has been treated for Ebola in Dallas may be transported to the NIH later today.

  • Employers confront Ebola concerns in workplaces Thursday, 16 Oct 2014 | 11:09 AM ET
    A CDC safety training course on Ebola in Anniston, Ala.

    Businesses are managing workplace concerns about the Ebola virus, USA Today reports.

  • Ebola preparation: What we need     Thursday, 16 Oct 2014 | 10:42 AM ET

    Dr. Michael Osterholm of University of Minnesota, believes the world has not responded to the Ebola epidemic in West Africa. Osterholm discusses whether hospitals are prepared in the U.S., saying the U.S. is really a minor player in the global picture of this infection.

  • JOHANNESBURG, Oct 16- South Africa's economic growth will probably accelerate next year if labour relations don't deteriorate again and if the global economy holds up reasonably well, a Reuters poll found on Thursday. If that happens, all bets are off, "said Dennis Dykes, chief economist at Nedbank, referring to crippling nationwide industrial unrest this year.

  • *Faltering euro zone economy, slower growth in China pose biggest risks. Indeed, the biggest danger for the world economy in the coming year is deflation or another recession in the euro zone, followed closely by the risk of slower growth in China, according to polls conducted globally over the past week. "Especially, the recent weakening of growth in emerging...

  • *Organic sales growth 4.5 pct, misses expectations. *Question mark on full-year outlook, shares slide. VEVEY, Switzerland, Oct 16- Nestle toned down expectations for full-year sales after slower third quarter growth showed the impact of softening demand in Asia and falling prices in Europe on the world's largest food company.

  • NAIROBI, Oct 16- Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region's new oil bonanza to the coast for export, a senior Kenyan energy ministry officials said on Thursday. In addition to the pipeline, the consultant would be required to supervise the construction of a fiber optic cable from...

  • Delta's 3Q profit falls on one-time items Thursday, 16 Oct 2014 | 8:50 AM ET

    DALLAS— Delta Air Lines Inc. said Thursday that third-quarter profit fell 74 percent on one-time costs such as retiring older planes. Two people who flew on domestic flights in the past month have tested positive for the virus— a man from Liberia died, one of his nurses is hospitalized in Atlanta. "I think what is worth noting is you really can't catch Ebola on an...

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, reported a lower-than-expected profit as political tensions disrupted activity in Libya and Iraq, and a sharp fall in drilling in the Gulf of Mexico weighed on margins. Baker Hughes shares dropped more than 10 percent in premarket trading on Thursday as the company's profit fell short of...

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services provider, reported a lower-than-expected profit for the first time in five quarters as political tensions in Libya and Iraq, and a sharp fall in drilling activity in the Gulf of Mexico weighed on margins. Baker Hughes said pretax profit margins in its operations in Europe, Africa and the Russia Caspian...

  • Philip Morris Int'l 3Q profit falls 8 percent Thursday, 16 Oct 2014 | 7:15 AM ET

    RICHMOND, Va.— Philip Morris International's third-quarter profit dropped 8 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar. The seller of Marlboro and other cigarette brands outside the United States said Thursday that it earned $2.15 billion, or $1.38 per share, in the quarter,...

  • ANALYSIS-Africa set to switch on gas-to-power potential Thursday, 16 Oct 2014 | 6:05 AM ET

    *World Bank, Barack Obama behind "Power Africa" legacy. JOHANNESBURG, Oct 16- Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms. Driven by huge recent finds in East Africa, sub-Saharan gas...

  • NAIROBI, Oct 16- Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region's new oil bonanza to the coast for export, a senior Kenyan energy ministry officials said on Thursday. In addition to the pipeline, the consultant would be required to supervise the construction of a fibre optic cable from...

  • VEVEY, Switzerland, Oct 16- Sales growth at Nestle, the world's biggest food group, slowed in the first nine months of the year as the company felt the impact of weakness in Asia and pricing pressures in Europe. Sales at the maker of KitKat chocolate bars and Nescafe coffee fell 3.1 percent to 66.2 billion Swiss francs in the nine months to September, as the strong...

  • Ebola: How African countries are faring     Thursday, 16 Oct 2014 | 4:40 AM ET

    Anna Rosenberg, sub-Saharan African analyst at Frontier Strategy Group, says that because of Ebola the three worst affected countries in West Africa should see their GDP growth slow significantly.

  • SHANGHAI, Oct 16- A Chinese drugmaker with military ties has sent an experimental Ebola drug to Africa for use by Chinese aid workers and is planning clinical trials there to combat the disease, executives at the firm told Reuters on Thursday. Sihuan, part-owned by U.S. investment bank Morgan Stanley, is hoping to get the drug fast-tracked for civilian use in China.

  • *Hong Kong falls on weaker overseas markets. The CSI300 of the leading Shanghai and Shenzhen A-share listings also gained 0.6 percent. Du Changchun, Shanghai- based analyst at Northeast Securities, said China's stock market tended to track the overseas market in the first hour of trading, before adjusting to reflect domestic factors.

  • China sends Ebola drug to Africa, eyes clinical trials Thursday, 16 Oct 2014 | 12:49 AM ET

    SHANGHAI, Oct 16- A Chinese drugmaker with military ties has sent an experimental Ebola drug to Africa for use by Chinese aid workers and is planning clinical trials there to combat a deadly outbreak of the disease, executives at the firm told Reuters on Thursday. Sihuan, part-owned by U.S. investment bank Morgan Stanley, is hoping to get the drug fast-tracked for...

  • Oil slump and Ebola worries fan African bond sell-off Wednesday, 15 Oct 2014 | 11:07 AM ET

    LONDON, Oct 15- African dollar bonds were sucked into a global rout of riskier markets on Wednesday, falling to multi-month lows as slumping oil prices and worries about the spread of Ebola fanned broader fears about world growth. Many of Africa's big economies depend on commodity exports, whether it be oil in Nigeria, copper in Zambia or coffee and cocoa in Ivory...