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  • Oct 28- U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit, helped by robust demand for refined products and lower crude costs. Valero also raised its quarterly cash dividend to 50 cents per share from 40 cents. Valero's refining margin rose to $14.38 per barrel in the third quarter ended Sept. 30, from $11.81 per barrel a year...

  • Oct 28- Federal regulators are looking to curb JPMorgan Chase& Co's ability to raise funds for clients like hedge funds by selling stocks or bonds privately to investors, the Wall Street Journal reported, citing people familiar with the matter. JPMorgan has already agreed to pay fines totaling $200 million to settle allegations that it steered...

  • FRANKFURT, Oct 28- Volkswagen's new strategy will focus more on growing profitably than on volume growth, its chief executive said on Wednesday, after the German carmaker reported its first quarterly loss in at least 15 years. "A lot has become secondary to going' higher, faster, further', especially return on sales," Matthias Mueller said in a statement, outlining...

  • ICE quarterly profit jumps 49 pct Wednesday, 28 Oct 2015 | 7:42 AM ET

    Net income attributable to ICE, the owner of the New York Stock Exchange, rose to $306 million, or $2.76 per share in the third quarter ended Sept. 30, from $206 million, or $1.80 per share a year earlier.

  • *Engineering firm says 2015 to be "meaningfully" below forecasts. LONDON, Oct 28- Shares in Meggitt plunged on Wednesday after the UK engineering firm warned profits this year would be "meaningfully" below forecasts after demand for spare aircraft parts deteriorated and its energy industry business suffered from low oil prices. Shares in Meggitt, a FTSE 100 stock,...

  • Oct 28- Interval Leisure Group said it would buy hotel operator Starwood Hotels& Resorts Worldwide Inc's vacation ownership business, which it valued at about $1.5 billion. Reuters reported on Tuesday that China's sovereign wealth fund and two Chinese companies had expressed interest in buying Starwood, joining other potential suitors from around the...

  • Walgreens in April launched a plan to cut $1.5 billion in costs by the end of fiscal 2017, which would include store closures and freezing salary hikes for senior U.S. executives. Walgreens and Duane Reade stores open at least a year rose 6.4 percent, benefiting from higher purchases per buyer. Excluding items, Walgreens earned 88 cents per share.

  • *Company hopes to expand beyond Iran. Eight years later " Iran's Amazon" says it employs 900 people and processes 10,000 orders a day. With the prospect of sanctions over the country's disputed nuclear programme being lifted early next year, Iran's biggest online retailer faces potential competition from the real Amazon and others, but the 36- year-old brothers...

  • IBM nears deal to buy Weather Co's digital assets Wednesday, 28 Oct 2015 | 7:31 AM ET
    IBM

    Big Blue is nearing an agreement to buy the Weather Co.'s digital assets in a deal that could be announced as soon as this week.

  • METALS-Aluminium hits six-year low on oversupply worries Wednesday, 28 Oct 2015 | 7:22 AM ET

    LONDON, Oct 28- Aluminum prices tumbled to six-year lows on Wednesday as traders fretted about the likelihood of large surpluses this year and next and the lack of substantial output cuts to balance the market. Benchmark aluminum on the London Metal Exchange slumped to $1,465.50 in early trade-- its lowest since June 2009-- before recovering to $1,480 by 1048 GMT...

  • *Apple sold 48 million iPhones in the quarter and reported a near doubling of revenue from China, allaying some concerns about its business in the world's second-largest economy. *Companies reporting before the opening bell on Wednesday include Fiat Chrysler and General Dynamics. *Amgen, GoPro and PayPal will post results after the close.

  • Oct 28- Medical device maker Boston Scientific Corp reported a better-than-expected quarterly profit, helped by strong demand for its surgical products. Boston Scientific's MedSurg unit- which makes surgical products, excluding those for the heart- notched sales growth of 17.5 percent in the quarter. Boston Scientific said total revenue increased 9...

  • Chocolate maker Hershey posts 31 pct drop in profit Wednesday, 28 Oct 2015 | 7:16 AM ET

    Oct 28- Chocolate maker Hershey Co reported a 31 percent slump in quarterly profit, hurt by weak demand for candy, mint and gum in North America. The company's net income fell to $154.8 million, or 70 cents per share, in the third quarter ended Oct. 4, from $223.7 million, or $1 per share, a year earlier. Net sales were nearly flat at $1.96 billion.

  • Oct 28- Occidental Petroleum Corp swung to a quarterly loss after it recorded $2.6 billion in after-tax charges to reflect a sharp decline in oil and gas futures and projects that the company plans to scrap. The company, which has operations in Oman, Texas and North Dakota, posted a net loss of $2.61 billion, or $3.42 per share, in the third quarter ended Sept. 30.

  • Oct 28- Drugstore operator Walgreens Boots Alliance Inc, which agreed to buy smaller rival Rite Aid Corp on Tuesday, reported better-than-expected quarterly net sales, helped by higher prescription sales. Net income attributable to the largest U.S. drug store chain was $26 million, or 2 cents per share, in the fourth quarter ended Aug. 31, compared with a loss of...

  • *FTSEurofirst 300 up 0.4 percent. *Heineken, UCB, Volkswagen rally after results. LONDON/ MILAN, Oct 28- European shares edged higher on Wednesday, buoyed by good company earnings and expectations the U.S.

  • *Wheat falls on outlook for beneficial rain in U.S. *Corn under pressure from slowing demand, bumper supplies. HAMBURG/ SINGAPORE, Oct 28- Chicago wheat futures fell on Wednesday following their early-week surge, as forecasts of much-needed rain in U.S. grain belts relieved concerns about possible dryness damage to U.S. crops.

  • LONDON, Oct 28- European stocks rose for the first time in three sessions on Wednesday after Sweden's central bank increased its bond-buying but other assets were steady as investors wait to see if the Federal Reserve will clarify its rate hike plans later. That sent Sweden's 10- year government bond yields to two-month lows and pushed Stockholm's stock...

  • Boston Scientific's revenue rises about 2 pct Wednesday, 28 Oct 2015 | 6:44 AM ET

    Oct 28- Medical device maker Boston Scientific Corp reported a 2.3 percent rise in quarterly revenue as sales rose in all three of its divisions. The company posted a net loss of $198 million, or 15 cents per share, in the third quarter ended Sept. 30, compared with net profit of $43 million, or 3 cents per share, a year earlier. Revenue rose to $1.89 billion from $1.85...

  • Oct 28- Interval Leisure Group said it will buy U.S. hotel operator Starwood Hotels& Resorts Worldwide Inc's vacation ownership business, which it valued at about $1.5 billion.