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  • Oct 30- New York and federal energy regulators will hold a conference on Nov. 5 to discuss power grid capacity and infrastructure improvements that could help attract investments, the New York Public Service Commission said Thursday. Over the past year or so, several groups within New York, including the PSC, have asked the Federal Energy Regulatory Commission...

  • BOGOTA, Oct 30- Colombia has room to take on additional debt next year to make up for a shortfall in revenue if the international price of oil continues to decline, Finance Minister Mauricio Cardenas said on Thursday, adding the government would maintain its spending pace. A decline in Colombia's crude output coupled with a drop in price has raised concern in...

  • Oct 30- Western Union Co, the world's largest money-transfer company, reported a better-than-expected quarterly profit as the company benefited from its digital money transfer services. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram International Inc,...

  • Oct 30- Starbucks Corp on Thursday reported sales at established cafes in its U.S.-dominated Americas region that missed Wall Street expectations in the latest quarter, despite the early return of the popular Pumpkin Spice latte. The Americas region contributes the majority of Starbucks revenue. "We grew traffic, but it was at a bit of slower clip," said Troy...

  • Oct 30- GoPro Inc reported a better-than-expected quarterly profit and revenue, driven by strong demand for its wearable cameras, which are used by surfers, skydivers and other action junkies. Videos taken using GoPro cameras, which can be mounted on gear such as helmets, boards, bikes and dog harnesses, have made a big splash on the Internet. The net income...

  • NEW YORK, Oct 30- A large group of creditors of MF Global Holdings Ltd's bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third anniversary of the company's Chapter 11 filing. James Giddens, the trustee liquidating the MF Global Inc brokerage unit, on Thursday said the payout to unsecured...

  • FDA panel backs Daiichi's blood thinner Thursday, 30 Oct 2014 | 4:36 PM ET

    Oct 30- A panel of advisers to the U.S. Food and Drug Administration voted 9-1 in favor of approving Japanese drugmaker Daiichi Sankyo Co's blood clot and stroke preventer for use in some patients with atrial fibrillation. The drug, edoxaban, is a once-daily anticoagulant that inhibits Factor Xa, a protein that plays a central role in blood-clotting.

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • Citi revises Q3 lower due to legal accruals Thursday, 30 Oct 2014 | 4:29 PM ET

    Oct 30- Citigroup Inc revised its third-quarter results lower due to a $600 million increase in legal accruals. The bank adjusted its third-quarter net income to $2.84 billion from $3.44 billion, citing "rapidly evolving regulatory inquiries and investigations". The company, which had reported third-quarter results on Oct. 14, said its profit on a per share...

  • WASHINGTON, Oct 30- Media General Inc has won U.S. antitrust approval to buy LIN Media LLC after agreeing to divest television stations in five markets, the Justice Department said on Thursday. To win government approval for the deal, the companies agreed to sell one station in Birmingham, Alabama, two in Savannah, Georgia, one near Alabama's border with Florida, one...

  • LinkedIn revenue jumps 45 pct as companies hire more Thursday, 30 Oct 2014 | 4:14 PM ET

    Oct 30- Corporate networking site LinkedIn Corp reported a 45 percent rise in quarterly revenue as more businesses used its services to hire staff. The company's net loss attributable to stockholders widened to $4.3 million, or 3 cents per share, in the quarter ended Sept. 30, from $3.4 million, or 3 cents per share, a year earlier. Revenue rose to $568.3 million from...

  • GoPro revenue up 46 pct on robust demand for cameras Thursday, 30 Oct 2014 | 4:12 PM ET

    Oct 30- GoPro Inc's quarterly revenue jumped 46 percent due to strong demand for its wearable cameras, which are used by surfers, skydivers and other action junkies. The company reported net income attributable to GoPro shareholders of $14.6 million, or 10 cents per share, in the third quarter ended Sept. 30, compared with a loss of $1.1 million, or 1 cent per share, a...

  • The United States and Europe have blamed China, the world's biggest exporter of IT products, for derailing talks on a pact on technology trade by asking for too many exemptions. China is due to chair an Asia-Pacific Economic Cooperation summit on Nov. 10-11 and Froman said this was an opportunity for China to end a stalemate over updating the 16- year-old...

  • Oct 30- Beauty products maker Elizabeth Arden Inc posted its third straight quarterly loss, largely due to its large exposure to perfumes, a category that has seen weak demand in North America. Elizabeth Arden had announced an annual cost saving target of $40- $50 million and the company said it had made significant overhead cost reduction during the first...

  • Western Union profit rises 9 pct Thursday, 30 Oct 2014 | 4:08 PM ET

    Oct 30- Western Union Co, the world's largest money-transfer company, reported a 9 percent rise in quarterly profit as more people transferred money using its services. The company's net income rose to $234.1 million, or 44 cents per share, in the quarter ended Sept. 30 from $214.4 million, or 39 cents per share, a year earlier. Total revenue rose 2 percent to $1.44...

  • NEW YORK, Oct 30- U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which rose 10 percent and accounted for more than 140 points in the Dow industrials. The Dow Jones industrial average rose 221.24 points, or 1.3 percent, to 17,195.55, the S&P 500 gained 12.33 points, or...

  • SAFT ON WEALTH -In praise of the cockroach portfolio Thursday, 30 Oct 2014 | 3:53 PM ET

    Oct 30- Everyone wants to be an eagle in investing and most fail, but the important thing to remember is: everyone can be a cockroach. This is best exemplified, among large long-term investors, by the widespread adaption of the Endowment Model, sometimes called the Yale Model because it was pioneered there with great success by David Swensen. This approach, in...

  • VAUGHAN, Ontario, Oct 30- Canadian Prime Minister Stephen Harper unveiled on Thursday family tax cuts and benefits totaling C $26.76 billion over six years, including C $3.07 billion for the fiscal year that ends next March and C $4.62 billion for 2015-16.. The package includes income splitting for couples with children under 18, providing for the transfer of C...

  • NEW YORK, Oct 30- Oil prices closed down 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected U.S. rate hike and traders placed little hope on OPEC cutting output at its November meeting. "We're back to the mantra that the U.S. economy will lead the way to higher rates from hereon, and that's...

  • RIYADH, Oct 30- Saudi Arabia's National Commercial Bank IPO-NACO.SE> said the retail portion of its 22.5 billion riyal initial share sale had attracted investor interest amounting to more than double the amount on offer. The kingdom's largest bank by assets is selling 15 percent of its stock, priced at 45 riyals per share, to local investors between Oct. 19 and Nov....