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  • COLUMN-History of controls on U.S. oil exports: Kemp Thursday, 23 Oct 2014 | 7:21 AM ET

    LONDON, Oct 23- On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war. Following the U.S. mid-term elections next month, Congress will take up the issue again, a debate that would benefit from an understanding of the history...

  • The company's investments in potash companies in Jordan, Israel and Chile accounted for 8 percent of its profit in the third quarter, down from 24 percent a year earlier. Potash Corp, the world's biggest fertilizer company by market value, narrowed its 2014 forecast profit to $1.75- $1.85 per share from $1.70- $1.90, citing a reduction in estimated income from...

  • *Michelin and Unilever fall, flagging weak EM demand. EDINBURGH, Oct 23- European stocks fell on Thursday, hindered by weak corporate results from companies including French tyre-maker Michelin, despite receiving support from better-than-expected euro zone business activity data. Michelin and Unilever cited poor demand from emerging markets as the former...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by...

  • Oct 23- Alexion Pharmaceuticals Inc reported a better-than-expected adjusted profit on strong sales of its blood disorder drug Soliris and raised its full-year profit forecast for the fourth time this year. The company raised its full-year 2014 adjusted earnings per share forecast to $5.15 to $5.20 per share from $4.95 to $5.05 per share.

  • *AT&T Inc fell 1.4 percent to $34 in premarket trading, a day after the telecom giant reported weaker-than-expected revenue growth and cut its full-year forecast for consolidated revenue growth. *Among the companies reporting Thursday, Dow components 3 M Co and Caterpillar Inc will be of particular interest, with investors looking for any impact on earnings...

  • Oct 23- Sports apparel manufacturer and retailer Under Armour Inc reported a 22 percent rise in quarterly profit due to strong demand for its sports footwear and outdoor apparel. The company, known for its Highlight football cleats and SpeedForm Apollo running shoes, said net income rose to $89.1 million, or 41 cents per share, in the third quarter ended Sept. 30,...

  • CAIRO, Oct 23- A struggle has broken out for control of Libya's state-run energy sector as rival governments in Tripoli and the east compete for power, but a common interest in maintaining oil revenues will keep exports flowing for now. The OPEC producer has had two governments and parliaments since an armed group took control of Tripoli in August, appointing its...

  • Oct 23- Eli Lilly and Co said its quarterly earnings plunged 58 percent, hurt by special charges and generic competition for its Cymbalta depression drug, but it affirmed its earlier full-year profit forecast. The U.S. drugmaker on Thursday said it had earned $501 million, or 47 cents per share, in the third quarter. Sales fell 16 percent to $4.88 billion, but topped...

  • RUSSIA'S HYDROPOWER COMPANY RUSHYDRO SAYS Q3 ELECTRICITY PRODUCTION DOWN 10 PCT Y/Y.

  • RUSSIA'S ROSNEFT CEO SAYS SHARE PRICE TO BE SET AT NO LESS THAN $8.12 EACH DURING POSSIBLE STATE STAKE SALE- RIA NEWS AGENCY.

  • SAN FRANCISCO, Oct 22- Shipments of Bakken crude oil from North Dakota to California by barge have quietly overtaken those by train for the first time, showing how the state's isolated refiners are using any means necessary to tap into the nation's shale oil boom. While tough permitting rules and growing resistance by environmentalists have slowed efforts to...

  • Oct 23- Investment bank and asset manager Lazard Ltd reported better-than-expected quarterly profit and revenue due to a jump in M&A advisory fees and an increase in asset management revenue. Among the big deals Lazard advised on during the quarter were Siemens AG's $7.6 billion acquisition of oilfield equipment maker Dresser-Rand Group Inc and chemical...

  • *Mercedes-Benz return on sales strongest for 3 yrs. FRANKFURT, Oct 23- Daimler AG lifted sales and profits at its core Mercedes-Benz luxury car division in the third quarter, showing how the group is narrowing the gap with rivals Audi and BMW. Daimler said on Thursday it still expected a significant rise in group core profit for 2014 and that sales of Mercedes-Benz...

  • PulteGroup revenue rises on higher home prices Thursday, 23 Oct 2014 | 6:53 AM ET

    Oct 23- PulteGroup Inc, the No. 3 U.S. homebuilder, reported a 4 percent rise in quarterly revenue from home sales as the company sold homes at higher prices. Average selling price rose 8 percent to $334,000 in the third quarter ended Sept. 30. Home sales revenue, which excludes land sale and financial services revenue, rose to $1.55 billion from $1.49 billion.

  • Lilly profit plunges as cheaper generics take toll Thursday, 23 Oct 2014 | 6:50 AM ET

    Oct 23- Eli Lilly and Co said its quarterly earnings plunged 58 percent, hurt by special charges and generic competition for its Cymbalta depression drug, but it affirmed its earlier full-year profit forecast. The U.S. drugmaker on Thursday said it had earned $501 million, or 47 cents per share, in the third quarter. Sales fell 16 percent to $4.88 billion, but topped...

  • Cenovus's operating cash flow from refining fell 53 percent due to an unplanned coker outage in July at its Borger refinery in Texas and a planned turnaround at the Wood River refinery in Illinois. Cenovus, which co-owns the Foster Creek and Christina Lake oil sands projects with ConocoPhillips, said its total oil production rose 13 percent to 199,089 barrels...

  • Oct 23,- Potash Corp of Saskatchewan Inc's net income fell 11 percent, hurt by lower contributions from overseas investments and higher income tax. The company said its investments in potash companies in Jordan, Israel and Chile contributed $24 million to third-quarter earnings, compared with $85 million a year earlier. Net income fell to $317 million, or 38...

  • TOKYO, Oct 23- Japanese three-month government discount bills were sold for the first time at negative yields on Thursday, highlighting the strength of investor demand for short-term debt- whatever the yield- because the Bank of Japan is buying such large amounts of it. The Ministry of Finance sold 5.257 trillion yen of three-month bills at an auction on...

  • Lazard profit rises 48 pct on higher advisory fees Thursday, 23 Oct 2014 | 6:23 AM ET

    Oct 23- Lazard Ltd reported a 48 percent rise in quarterly profit due to a jump in advisory fees from higher M&A activity and an increase in asset management revenue. The company's net profit rose to $89 million, or 67 cents per share, in the third quarter ended Sept. 30, from $60 million, or 45 cents per share, a year earlier. Among the big deals Lazard advised on during the...