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  • DETROIT, Feb 10- General Motors Co Chief Executive Mary Barra's strategy of rebuilding the Cadillac brand has run into twin roadblocks: the carmaker can't persuade enough American sedan buyers to switch from foreign competitors such as BMW or Mercedes, and it can't make enough of its Escalade SUVs to satisfy domestic demand. At Brotherton Cadillac Buick GMC in...

  • The acquisition vehicle, dubbed Quinpario Acquisition Corp 2, has so far outbid private equity firms, including American Securities LLC, in the auction for Royal Adhesives, the people said on Friday. Arsenal Capital Partners, the buyout firm that owns Royal Adhesives, may still decide to sell the company to American Securities or another bidder, the people added.

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were little changed shortly after the open on Friday, after a stronger-than-expected monthly payrolls report lent weight to a belief that the U.S. "It was decent, the revision was definitely good," said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St....

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were set to advance at the open on Friday, putting the S&P 500 on track to extend its best weekly gain in seven, after a stronger-than-expected monthly payrolls report. "It was decent, the revision was definitely good," said Scott Wren, senior global equity strategist at Wells Fargo Investment...

  • NEW YORK, Feb 3- U.S. agribusiness Archer Daniels Midland Co on Tuesday said ethanol producers will have to cut output amid high stocks and stagnating demand, as the industry's woes deepen with the oil rout and squeezed margins. "Production will be falling in the coming months, because about 20-30 percent of the industry is at break-even or losing money," said Farha...

  • Feb 3- Factory automation equipment maker Emerson Electric Co's quarterly revenue fell slightly due to a strong dollar and divestitures, and the company said it now expected sales to fall 1-4 percent in 2015.. Emerson blamed a strong dollar, lower oil prices and weakness in Europe, Latin America and the Middle East and Africa region for its weak sales forecast.

  • Last year, the Navy also omitted EA-18G jets, or Growlers, from its base budget request, but later told Congress on an "unfunded priority list" that it wanted $2.1 billion to buy 22 more of the planes, given the growing threat of electronic attacks. Lawmakers ultimately funded 15 of them in the fiscal 2015 budget passed by Congress, which is expected to maintain...

  • Last year, the Navy also omitted EA-18G jets, or Growlers, from its base budget request, but later told Congress on an "unfunded priority list" that it wanted $2.1 billion to buy 22 more jets, given the growing threat of electronic attacks. Lawmakers ultimately funded 15 of the jets in the fiscal 2015 budget passed by Congress, which is expected to maintain Boeing's...

  • Feb 2- Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business. Shares of Exxon rose 1.2 percent to $88.46 in mid-day New York Stock Exchange trading. Exxon, which plans to release its 2015 capital...

  • Feb 2- Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a favorable arbitration ruling. Profit in the fourth quarter fell to $6.57 billion, or $1.56 per share, from $8.35 billion, or $1.91 per share in the same quarter a year earlier.

  • NEW YORK, Jan 30- Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. Energy company earnings are seen tumbling 25 percent in the fourth quarter, according to Thomson Reuters data, a bigger decline than the drop of 19.8 percent...

  • Strong dollar could scare tourists away from U.S. Tuesday, 20 Jan 2015 | 8:00 AM ET

    Jan 20- New York restaurant owner Jeremy Merrin has seen business droop in recent weeks at his Havana Central eatery in Times Square. International tourists to the United States spend more than $200 billion annually on travel, hotels, dining and shopping, but growth in 2015 is expected to decelerate as would-be visitors balk at the stronger dollar and grapple...

  • Air Force Chief of Staff General Mark Welsh told a separate news conference at the Pentagon that he was confident the Air Force would meet its target date of declaring the F-35 A-model ready for initial combat use by August to December 2016. He said the Air Force had found a way to maintain its initial detachment of operational F-35s despite a shortage of...

  • He said the Navy still expected to declare the F-35 C-model, which is designed for use on aircraft carriers, ready for combat use by the end of the decade, as planned. Mabus said the Navy was also looking at whether it needed additional EA-18G Growler electronic attack planes built by Boeing Co, since it was now the only military service providing that electronic...

  • TREASURIES-Prices inch up as U.S. wages drag Friday, 9 Jan 2015 | 10:58 AM ET

    NEW YORK, Jan 9- U.S. The five-cent drop in average hourly wages in December's employment data, which included a bigger-than-forecast increase in nonfarm payrolls and a decline in the U.S. unemployment rate to 5.6 percent, may delay a Fed rate hike. That keeps the Fed on hold; inflation is low, oil prices are low, the job market is improving but not in all the ways the Fed...

  • WASHINGTON, Jan 9- U.S. job growth increased briskly in December and the jobless rate dropped to a 6-1/ 2 year low, but wages slipped in the latest sign a tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased 252,000 last month after an upwardly revised 353,000 jump in November, the Labor Department said on Friday.

  • *Bed, Bath& Beyond stumbles after results, outlook. NEW YORK, Jan 9- U.S. stocks edged lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year as investors assessed a stronger-than-expected monthly payrolls report. "What we are seeing is a tug of war between the worries about slowing global growth and whether...

  • *AbbVie forecast 2015 earnings above expectations. NEW YORK, Jan 9- U.S. stocks were poised to open little changed on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year and following a stronger-than-expected monthly payrolls report. "What we are seeing is a tug of war between the worries about slowing global growth...

  • CHICAGO, Jan 7- Armed with lessons learned from last year's polar vortex, the U.S. transportation and shipping network faces its first big test of the winter this week as harsh cold and dangerous wind chills buffet the Plains to the East Coast. Snow blanketed much of the eastern United States, with lake-enhanced accumulations of more than a foot in northwest...

  • Energy sector earnings are seen down 19.6 percent in the fourth quarter, according to Thomson Reuters data; on Oct. 1, the consensus estimate was for growth of 6.4 percent. "It won't surprise anyone to see profits fall, so if you have no exposure this is a good time to step in," said Scott Wren, senior equity strategist at St. Louis- based Wells Fargo Advisors, which has an "...