NEWS: Hotel operator Extended Stay America Inc. reported Wednesday that its net income grew about 40 percent in the third quarter driven by increased revenue. NUMBERS: For the three months ended Sept. 30, Extended Stay America posted net income of $46.6 million, compared with net income of $33.3 million, in the prior-year quarter.» Read More
Marathon Oil Corp said on Thursday that it was evacuating workers not essential to production from its Ewing Bank platform, which can produce up to 9,700 barrels per day of oil and 8.2 million cubic feet per day of natural gas. BP Plc said it was evacuating nonessential workers from oil and gas platforms.
Washington, Aug 15- The White House has started installing solar panels on the first family residence as part of an energy retrofit that will improve the efficiency of the building, a White House official said on Thursday.
LONDON, Aug 15- Muted earnings at Europe's heavyweight banks are weighing on the region's broader equity rally and could hobble Europe's attempt to match Wall Street and set record highs. Yet it lags a 27 percent gain in the S&P 500 Diversified Financials Index, covering major Wall Street banks.
LONDON, Aug 15- Europe is facing a multi-billion-euro time bomb of rising costs to control tuberculosis as drug-resistant forms of the lung disease spread, a pioneering study found.
Aug 15- Wal-Mart Stores Inc reported a surprise decline in quarterly same-store sales in the United States, its biggest market, after shoppers came in less often because higher taxes and gasoline prices were leaving them with less spending money. Shares of Wal-Mart were down 2.4 percent at $74.59 in midday trading.
MOSCOW, Aug 15- Rusal, the world's largest aluminium producer, is expected to report a recurring net loss of $142 million in the second quarter, against a profit of $19 million in the previous three months, a Reuters poll of seven banks and brokerages showed on Thursday. "
*Wal-Mart shares fall after results. NEW YORK, Aug 15- U.S. stocks fell on Thursday, as investors weighed disappointing results from blue chips Wal-Mart and Cisco, along with sturdy economic data that looked set to place the Federal Reserve on a path soon toward scaling back its stimulus.
*Weekly jobless claims near 6- year low, boost jobs outlook. WASHINGTON, Aug 15- The number of Americans filing new claims for jobless benefits fell to a near six-year low last week and consumer prices rose broadly in July, which could draw the Federal Reserve closer to trimming its massive bond buying program. Shares on Wall Street fell sharply and yields on U.S.
*Corn, soybeans rally as August seen mostly hot and dry. The market is a little nervous about just what we're going to see over the next couple of weeks, particularly in Iowa, "said Sterling Smith, futures specialist with Citigroup."
Aug 15- Sirius XM Radio Inc, the satellite radio provider, on Thursday agreed to buy the vehicle services business unit of Agero for $530 million in cash, as Sirius aims to offer services to drivers beyond audio entertainment.
Talks with potential bidders for MMX, which owns several iron ore projects in Latin America, including the giant Serra Azul project in Brazil's southeastern highland state of Minas Gerais and a nearly complete iron ore port near Rio de Janeiro, are advanced and MMX has put nearly all activity outside of port construction on hold in deference to potential buyers.
BIRMINGHAM, Ala., Aug 15- Investigators combed through the wreckage of a UPS cargo plane for the second straight day on Thursday, hoping to find clues to the crash that killed two pilots outside Birmingham, Alabama's international airport early Wednesday.
LONDON, Aug 15- Egyptian oil and gas production by major companies including BP and BG has been unaffected by the crisis in Egypt, although Royal Dutch Shell has closed its office for the next few days and restricted business travel there. All our people are safe and accounted for, "a BP spokesman said after at least 525 people were killed in a security crackdown..
LONDON, Aug 15- German bond yields hit their highest since March 2012 on Thursday as an improved economic outlook for the euro zone prompted investors to dump safe-haven paper.
*Fed buys $3.767 billion notes due in 2019, 2020. NEW YORK, Aug 15- U.S. The data continues to improve and impress the marketplace, and I think the data will continue in this direction, "said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York."
NEW YORK, Aug 15- The dollar climbed to a near two-week high against the euro and a more than one-week high against the yen on Thursday, but surrendered gains as data gave conflicting pictures of the strength of the U.S. economic recovery, muddying views on when the Federal Reserve will begin trimming stimulus.
*Brent crude near $111 a barrel on unrest in Egypt. NEW YORK, Aug 15- Global equity markets swooned and bond prices sold off on Thursday after slightly upbeat U.S. jobs data and gains in consumer prices added weight to the view the Federal Reserve will soon begin to trim its massive bond-buying program.
*Investors worry Egypt unrest could spill into producer nations. NEW YORK, Aug 15- Brent oil prices hit a four-month high on Thursday on fears escalating violence in Egypt could affect the Suez Canal or spread across the Middle East, where supplies already face disruption.
LONDON, Aug 15- How do you work out what kind of foods people in developing countries will be eating in a few years' time?
LOUISVILLE, Ky., Aug 15- The arrival of the next head of the Federal Reserve should not spell an abrupt change in U.S. monetary policy, a top central banker said on Thursday.