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  • Oct 30- Coal miner Walter Energy Inc reported a smaller-than-expected loss in the third quarter as its cost cutting efforts paid off, sending the company's shares up 9 percent premarket. "In the challenging pricing environment for met coal, we remain focused on lowering production costs, reducing SG&A and improving productivity," Walter Energy's Chief...

  • Oct 30- Ocwen Financial Corp swung to a quarterly loss as the mortgage servicer set aside $100 million for a potential settlement with the New York Department of Financial Services over allegations of backdated foreclosure letters. "We work very hard to keep borrowers in their homes and that is why we take the concerns raised by the New York Department of...

  • Coal miner Alpha Natural posts smaller loss Thursday, 30 Oct 2014 | 8:18 AM ET

    Oct 30- Coal miner Alpha Natural Resources Inc halved its quarterly loss as cost cutting helped it offset lower prices and shipments. The company's net loss narrowed to $185 million, or 84 cents per share, in the third quarter ended Sept. 30 from $458.2 million, or $2.07 per share, a year earlier. The Bristol, Virginia- based company's revenue fell 8 percent to $1.10...

  • Oct 30- U.S. fertilizer company Mosaic Co's quarterly profit jumped 63 percent as it sold more phosphate at higher prices. "The improving demand momentum for both potash and phosphates that started in the fourth quarter of 2013 continued," Chief Executive Jim Prokopanko said in a statement. The company, however, said its phosphate sales volumes would fall to...

  • RIO DE JANEIRO, Oct 30- Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency. Iron ore cash costs were also higher than analysts had expected, while Vale said the weakening Brazilian real wiped nearly $2 billion off its earnings by increasing the cost of...

  • Oct 30- Kellogg Co, the world's largest maker of breakfast cereal, reported a 2.1 percent drop in quarterly net sales as demand for its Corn Flakes and Special K wane in the United States, its biggest market. Net income attributable to Kellogg fell to $224 million, or 62 cents per share in the third quarter ended Sept. 27, from $326 million, or 90 cents per share, a year...

  • MasterCard profit jumps 15.5 pct as card usage rises Thursday, 30 Oct 2014 | 8:09 AM ET

    Oct 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases. The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier. Net revenue rose 12.8...

  • *Rouble moves sharply higher in nervy trade. MOSCOW, Oct 30- The rouble jumped on Thursday, bouncing off an all-time low against the dollar amid market talk of possible central bank intervention ahead of a monetary policy meeting and rumours of a deal with Ukraine over Crimea. Traders in Moscow and London said the rouble's recovery was driven by a report by...

  • *Bank makes provision to settle UK, US foreign exchange probes. LONDON, Oct 30- Barclays Plc set aside 500 million pounds in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. Barclays is one of six banks in talks with UK regulators to pay about 1.5...

  • Oct 30- ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business. Profit rose to $2.7 billion, or $2.17 per share, from $2.5 billion, or $2.00 per share, in the 2013 third quarter. Surmont is an oil sands project in Canada and APLNG is a liquefied natural gas project in...

  • Although Paris- listed, the firm has less than a quarter of its employees in France, while a majority of its shareholders are to be found outside the country. However, comments from the ex-CEO himself and sources close to the board made clear that his decision to move to Boston from Paris in June, and to consider cutting jobs in France without sharing the ideas at the...

  • MOSCOW, Oct 30- Russia moved to seize shares in Bashneft from a billionaire businessman on Thursday over what a court said was the oil producer's "improper privatisation", deepening investors' fears that the Kremlin wants to reclaim prized assets. Moscow's Arbitration Court ruled in favour of prosecutors, who argued that Bashneft was unlawfully privatised in...

  • Oct 30- Time Warner Cable Inc, the No. 2 U.S. cable TV operator, lost more video subscribers than analysts had expected in the third quarter as more customers opt for internet streaming services offered by companies such as Netflix Inc.. Time Warner Cable lost a net 184,000 household video customers in the three months ended Sept. 30, far more than the 136,000 that...

  • Oct 30- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 10 percent rise in quarterly profit as its rig systems business readied more oil and gas wells for production. Land drillers Nabor Industries Ltd and Patterson-UTI Energy Inc reported a jump in revenue last week, helped by increased drilling activity.

  • Resolute Forest Products posts smaller 3rd-qtr loss Thursday, 30 Oct 2014 | 7:55 AM ET

    Oct 30- Canada's Resolute Forest Products Inc posted a much smaller quarterly loss, as the forest product maker's results in the same period a year ago were hurt by a non-recurring $619 million income-tax charge. Net loss attributable to the company narrowed to $116 million, or $1.23 per share, for the third quarter ended Sept. 30, compared with a loss of $588...

  • Mortgage servicer Ocwen posts loss due to legal costs Thursday, 30 Oct 2014 | 7:55 AM ET

    Oct 30- Ocwen Financial Corp swung to a quarterly loss as the mortgage servicer set aside $100 million for a potential settlement with the New York Department of Financial Services over allegations of backdated foreclosure letters. Net loss attributable to common shareholders was $76.2 million, or 58 cents per share, in the third quarter ended Sept. 30,...

  • Elizabeth Arden posts third straight quarterly loss Thursday, 30 Oct 2014 | 7:54 AM ET

    Oct 30- Beauty products maker Elizabeth Arden Inc posted a quarterly loss for the third time in a row as sales fell by more than a fifth. The net loss attributable to shareholders was $25.4 million, or $1.54 per share, in the first quarter ended Sept. 30, down from a net profit of $1.7 million, or 6 cents per share, a year earlier. Revenue fell 21.3 percent to $270.4 million...

  • NEW YORK, Oct 30- U.S.-listed shares of major European banks were among the biggest movers of the premarket session on Thursday, continuing to see weakness ever since the results of the European Central Bank's stress tests were published over the weekend. The Euro STOXX banking index fell 2.9 percent and is down 6.6 percent so far this week, putting the index on...

  • Oct 30- Coal miner Walter Energy Inc reported a smaller loss in the third quarter as its cost cutting efforts paid off. Net loss narrowed to $98.9 million, or $1.48 per share in the quarter ended Sept. 30, from $100.7 million, or $1.61 per share, a year earlier. Revenue fell 28 percent to $329.5 million hurt by lower steelmaking coal prices.

  • *FTSEurofirst 300 down 0.8 pct, Euro STOXX 50 down 1.4 pct. *Alcatel, Renault rise after robust results. PARIS, Oct 30- European stocks dropped on Thursday, halting their two-week rally after the U.S.