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  • Gap 3Q earnings outlook tops Wall Street estimate Friday, 7 Nov 2014 | 10:52 AM ET
    Sale signs in the windows of a GAP store.

    Gap shares are up in extended trading after the retailer predicted third-quarter earnings that topped market forecasts.

  • LONDON, Nov 7- Two of Ford Motor Co's top executives will switch positions, the U.S. carmaker said on Friday, as new boss Mark Fields looks to develop senior managers. Jim Farley, global head of marketing, sales and services, will swap jobs with Stephen Odell, Ford's regional chief for Europe, the Middle East and Africa, effective Jan. 1. Europe is struggling to emerge from...

  • Nov 7- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, cut its full-year sales and profit growth forecast, blaming weak demand in the United States and slowing growth in its key emerging markets. General Mills' sales in recent quarters have been hit by intense competition from private-label brands and new breakfast options such as...

  • MEXICO CITY, Nov 7- Mexico has revoked a $3.75 billion high-speed rail contract from a Chinese-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to China next week by President Enrique Pena Nieto. "The president wants this project which is so important for Mexico to not be questioned, to have absolute clarity,"...

  • Nov 7- Four people were sent to hospital after a rough landing at Edmonton International Airport in Western Canada late on Thursday, but there were no severe injuries, the operator of the Air Canada Express flight said on Friday. The flight, AC8481, was en route to Grande Prairie, in northwest Alberta, from Calgary, Alberta, and was carrying 71 passengers and four crew...

  • JOHANNESBURG, Nov 7- The United States is considering partnering with China on improving electricity in Africa and the proposal could be part of bilateral discussions when President Barack Obama visits Beijing next week, two sources involved told Reuters. "Plans have been discussed and outline ideas drawn up but there are understandably nerves given the...

  • Nov 7- JPMorgan Chase& Co, the largest U.S. bank by assets, said it would cut 3,000 more jobs than previously expected in its retail banking division. JPMorgan said it expects 146,000 Chase Bank jobs by the year-end, down by 11,000 from a year earlier. The bank expects its 2016 retail banking expense base to be $2 billion lower than in 2014, JPMorgan's retail bank head...

  • Pet food maker Freshpet rises 35 pct in debut Friday, 7 Nov 2014 | 10:33 AM ET

    Nov 7- Shares of pet food maker Freshpet Inc rose as much as 35 percent in their trading debut on Friday as investors rushed to grab a piece of the company expected to benefit from rising pet ownership and spending on pet food in the United States. The company raised $156.3 million after it sold all the 10.4 million shares in the initial public offering at $15 each,...

  • NEW YORK, Nov 7- U.S. Treasuries yields came off one-month peaks posted shortly before the release of the government's jobs report as Wall Street opened lower, spurring demand for U.S. government debt. The U.S. Labor Department said employers added 214,000 jobs last month, below the 231,000 increase forecast by economists polled by Reuters.

  • *Liberia has been hardest hit by regional epidemic. MONROVIA/ ABIDJAN, Nov 7- Health workers in Liberia are struggling to tell whether a growing number of empty beds at Ebola treatment centers is a sign that the country's ramped up response to the disease is working- or just a lull in the epidemic. The virus has killed nearly 5,000 people there and in neighboring...

  • October payrolls report under the estimate but solid. NEW YORK, Nov 7- The dollar slipped on Friday after a solid but below-expectation October U.S. jobs report as investors took some profits on the greenback's months-long rally that has seen it reach multi-year highs in anticipation of tighter U.S. monetary policy next year. Jobs growth in the United States...

  • LONDON, Nov 7- Ebola, terrorism and political upheaval- headlines from Africa over the past year seem a far cry from the inspiring' Africa Rising' story. "The most consistent growth that we see across the globe seems to be coming from Africa," said Boston- based Asha Mehta, who manages Acadian Asset Management's $380 million global equity frontier fund.

  • BOSTON, Nov 7- Valeant Pharmaceuticals International Inc can pay "substantially" more for Allergan Inc and should get a fair shot at buying it, William Ackman, the Botox maker's biggest shareholder, said on Friday. Ackman said this in a letter to Allergan's board the day after the company said it was discussing a merger with another company, widely reported to be...

  • NEW YORK, Nov 7- U.S. stocks receded from record levels on Friday as investors locked in profits after the October payroll report came in weaker than expected, even as the report pointed to economic resilience in the face of slowing global demand. "It's hard to not bet on the economy, with the fundamentals looking like a full house: earnings are rock solid, we're...

  • LONDON, Nov 7- Copper prices rose on Friday as a mixed U.S. payrolls report offered investors relief that the world's largest economy had not lost steam, while aluminum extended losses as producers and trade houses sold. Three-month aluminum fell to a session low of $2,056.75 a tonne before paring the losses to trade at $2,068, down 0.39 percent.

  • JPMorgan to cut 3,000 more jobs in retail bank unit Friday, 7 Nov 2014 | 10:01 AM ET

    The bank expects its 2016 retail banking expense base to be $2 billion lower than in 2014, JPMorgan's retail bank head Gordon Smith said in an investor conference on Friday.

  • U.S. crude futures rise $1 on cold weather forecasts Friday, 7 Nov 2014 | 10:01 AM ET

    CRUDE FUTURES RISE $1 ON COLD WEATHER FORECASTS@. NEW YORK, Nov 7- U.S. crude futures rose over $1 on Friday on forecasts of unseasonably cold weather in the U.S. U.S. crude for December delivery shaved gains slightly to trade 97 cents up for the day at $78.88 at 9:49 a.m. EST.

  • *Telecom Italia CEO says "mandatory" to explore deal with Oi. *Brazil remains strategic, but sale of local unit possible. MILAN, Nov 7- Telecom Italia must explore the possibility of buying or merging with Brazilian telecoms operator Oi, CEO Marco Patuano said on Friday, as the company tries to strengthen the position of its local subsidiary.

  • *Rouble down almost 30 pct vs dollar this year. *Analysts warn of full-blown currency crisis. MOSCOW, Nov 7- The rouble recovered on Friday, paring heavy losses as investors anticipated possible action by the central bank to halt a slide that could destabilise Russia's financial system.

  • LONDON, Nov 7- Gold rose more than 1 percent on Friday, rebounding from a 4-1/ 2 year low, after U.S. payrolls data missed forecasts and depressed the dollar. Spot gold was up 1.1 percent at $1,153.20 an ounce at 1435 GMT, while U.S. gold futures for December delivery were up $10.40 an ounce at $1,153.00. Gold had been under pressure for a week from a rising dollar, which has...