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  • NEW YORK, Oct 10- Armored AutoGroup Inc is exploring an initial public offering that could value the maker of car care products at more than $1.5 billion, including debt, according to people familiar with the matter. Armored AutoGroup's owner, private equity firm Avista Capital Partners, is in talks with investment banks, including JPMorgan Chase& Co, about the...

  • New methanol plant planned for Plaquemines Parish Friday, 10 Oct 2014 | 3:12 PM ET

    BELLE CHASSE, La.— State officials have announced that Castleton Commodities International LLC plans a $1.2 billion methanol manufacturing plant in Plaquemines Parish. Castleton expects to begin construction in 2016. The plant is planned for the Braithwaite area along the Mississippi River. "The project location situated along the Mississippi River near...

  • *Brent had fallen near $88, lowest since December 2010. *Top exporter Saudi Arabia raised Sept output- OPEC. Brent crude for November delivery was up 16 cents at $90.21 a barrel at 1:27 p.m. EDT after earlier falling to $88.11, its lowest since December 2010.

  • *Top exporter Saudi Arabia raised Sept output- OPEC. Oil output has also risen in OPEC members Iraq and Libya, despite violence and instability in both countries, the group said in its monthly oil market report on Friday. Total OPEC output grew by 400,000 bpd to 30.47 million bpd.

  • NEW YORK, Oct 10- U.S. long-dated Treasuries yields edged lower on Friday on persisting concerns over global economic growth, while short-dated yields were stable on short-covering after this week's dovish Federal Reserve meeting minutes. Weak German economic data and the International Monetary Fund's third cut to its global growth forecasts this year...

  • NEW YORK, Oct 10- The Dow and S&P 500 rose on Friday, modestly rebounding after a sharp decline in the previous session, though weakness in chipmakers limited the Nasdaq's advance. Intel Corp fell 2.4 percent to $32.77 while Texas Instruments sank 6.8 percent to $42.87 and Micron Tech lost 6.1 percent to $28.77. "Investors may have to worry beyond Friday about the...

  • Conn. oil dealers to sue over gas expansion plan Friday, 10 Oct 2014 | 9:23 AM ET

    HARTFORD, Conn.— Connecticut oil dealers are suing over Gov. The Connecticut Energy Marketers Association, which represents about 600 oil companies, said they were fling lawsuit in Hartford Superior Court on Friday. It accuses the state Department of Energy and Environmental Protection and Public Utilities Regulatory Authority of violating state...

  • NEW YORK, Oct 10- U.S. stock index futures pointed to a lower open on Friday, putting major indexes on track for a sharply lower week as Thursday's decline on global growth concerns looked to be extended. "All eyes will be on the 200- day moving average" today, said Jonathan Krinsky, chief market technician at MKM Partners in Greenwich, Connecticut, adding that the index...

  • Rival gun measures on ballot in Washington state Friday, 10 Oct 2014 | 3:36 AM ET

    OLYMPIA, Wash.— Two competing measures on the Washington state ballot this fall ask voters to take a stance on expanded background checks for gun sales. Supporters of the initiative to expand background checks have received large donations from wealthy figures, including Microsoft co-founders Bill Gates and Paul Allen, and have spent millions, far outpacing...

  • The selloff, which put the S&P 500 at its lowest since August 7, followed weak data from Germany, Europe's largest economy, and comments from a Fed official who suggested investors had unrealistic expectations about the Fed's eventual rate increase. "Investors are focused on the uncertainty about the economy," said Michael Yoshikami, CEO and founder at...

  • *Brent oil at two-year lows under $90 a barrel. NEW YORK, Oct 9- Wall Street stocks slumped 2 percent on Thursday as anxieties about global economic growth smothered a short-lived rally in equity markets around the world that was sparked by speculation the Federal Reserve would not rush interest rate rises. "You just look at the global picture, the concerns in...

  • *Wall St plunges, German recession fears mount as exports drop. NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. Gary Ross, chief executive of PIRA Energy Group,...

  • NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. "You can draw as many technical support levels as you like on these markets from the charts, but none may really...

  • NEW YORK, Oct 9- Wall Street slumped on Thursday as anxieties about global economic growth smothered a short-lived, Federal Reserve-sparked rally in equity markets around the world. Energy stocks were big losers on Wall Street, where leading indices were off sharply at mid session. The MSCI index of world stocks was off 0.9 percent at 407.53.

  • NEW YORK, Oct 9- Brent crude tumbled to near a two-year low on Thursday then steadied above $91 a barrel, with Europe's worsening outlook and surging U.S. oil stockpiles keeping the pressure on a market that has lost more than a fifth of its price since June. Germany, Europe's No. 1 economy, in August experienced its largest plunge in exports since the height of the...

  • *Wall St shrugs off encouraging jobless report. *Brent oil under $91 a barrel. NEW YORK, Oct 9- Concerns about lackluster growth in world economies sent Wall Street and other world stock markets lower on Thursday, reversing a Federal Reserve-sparked rally a day earlier.

  • NEW YORK, Oct 7- Bond insurer MBIA was told two weeks ago about a server breach that compromised the data of thousands of local U.S. government entities, but it did not address the problem until earlier this week, according to the cyber security expert who discovered the intrusion. MBIA said on Tuesday it had been notified that some client information at its...

  • NEW YORK, Oct 7- World oil prices resumed a months-long rout on Tuesday to close at their lowest in more than two years, pressured by reduced economic and demand growth forecasts. The International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of weaker growth in core euro zone countries, Japan and Brazil.

  • NEW YORK, Oct 7- The trustee of Hubbell Inc's controlling family trusts is evaluating alternatives for their holdings, which could lead to a shakeup at the $7.2 billion U.S. electrical equipment maker, according to people familiar with the matter. The trustee, which oversees family trusts that control a significant portion of Hubbell's voting power, has tapped...

  • Oct 6- Point72 Asset Management LP, the renamed SAC Capital Advisors LP founded by billionaire Steven A. Cohen, said it will reorganize its equities business into seven units along sector and geographic lines. SAC Capital Advisors agreed to pay $1.8 billion to resolve criminal and civil probes, in what the U.S. Department of Justice said was the largest insider...