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U.S. stocks fell sharply on Friday on continuing worries about emerging markets.
Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.
CALGARY, Alberta, Jan 31- The U.S. State Department is poised to issue an environmental review of the proposed Keystone XL oil pipeline that likely will say the project will not appreciably increase carbon emissions, according to sources.
Jan 31- Chevron Corp plans to keep spending roughly $40 billion per year for the next several years on new oil and natural gas projects in a bid to lift production that is on track to be flat for the third straight year.
*Amazon.com shares tumble after earnings disappoint. *Wal-Mart cuts outlook due to store closings. NEW YORK, Jan 31- U.S. stocks fell on Friday, with the S&P 500 on track for its first monthly loss since August as disappointing corporate earnings from big companies like Amazon.com and concerns about the euro zone and emerging markets kept investors on edge.
Some of Friday's midday movers:
Like Exxon Mobil, Royal Dutch Shell and other international energy giants, Chevron has tried to offset declining production at its oil and natural gas wells by spending massively on new exploration projects.
The world's largest consumer of energy is producing oil and gas hand over fist. Judging by some of Big Oil's earnings results, you couldn't tell.
Jan 31- Chevron Corp, the second-largest U.S. oil company, posted a fourth-quarter profit on Friday that just met Wall Street's expectations, as refining margins and production sagged around the world. The company reported net income of $4.93 billion, or $2.57 per share, compared with $7.25 billion, or $3.70 per share, in the year-ago period.
U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.
Jan 31- Chevron Corp, the second-largest U.S. oil company, said on Friday its fourth-quarter profit dropped 32 percent as refining margins and production fell around the world. The company posted net income of $4.93 billion, or $2.57 per share, compared with $7.25 billion, or $3.70 per share, in the year-ago period.
As January comes to a close, the stock market is down about 3 percent, and it has set the tone for a much more challenging year.
Jan 30- A U.S. safety agency blamed Tesoro Corp. for an explosion at a refinery in Washington state that killed seven workers in 2010, saying in a draft report released on Thursday that the company had failed to identify the damage hydrogen was causing to steel components.
*Capital spending to fall to $37 bln from $46 bln. LONDON, Jan 30- Anglo-Dutch oil company Royal Dutch Shell plans to sell assets, cut spending and freeze a controversial Arctic drilling programme to improve returns after a major profit warning.
LONDON, Jan 30- Anglo-Dutch oil company Royal Dutch Shell plans to sell off assets, cut spending and freeze a controversial Arctic drilling programme in a new focus on returns following a major profit warning.
HAVANA, Jan 28- Cuban President Raul Castro challenged Latin American and Caribbean leaders to improve healthcare and education, telling a regional summit on Tuesday they have the natural resources to eradicate poverty but may lack the political will.
HAVANA, Jan 28- Cuban President Raul Castro challenged Latin American and Caribbean leaders on Tuesday to improve health care and education, telling a regional summit they have the natural resources to eradicate poverty but may lack the political will.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
*Project off UK coast to ramp up more slowly than expected. By Sarah Young and Chris Vellacott. LONDON, Jan 27- Oil and gas firm BG Group warned that turmoil in Egypt would hit its output this year and next, weighing on future earnings and sending its shares plunging 15 percent.
Traders are bracing for another rough ride in markets this week, as the emerging markets continue to shakeout and the Fed is expected to announce another round of cuts to its easing program.