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  • BUENOS AIRES, Oct 8- Argentina's state-run energy company YPF said on Wednesday it had not struck a confidential natural gas production deal with Russia's Gazprom despite a statement earlier in the day from the industry ministry saying that it had. The ministry had said Cabinet Minister Debora Giorgi received assurances from Gazprom head Alexey Miller in a...

  • NEW YORK, Oct 8- U.S. stocks soared on Wednesday, with major indexes posting their biggest one-day jumps of 2014 after the Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it. Market, and the labor market is still too squishy for the Fed to be raising rates anytime soon, "said Jim...

  • PC shipments dip 1.7 pct, less than expected Wednesday, 8 Oct 2014 | 4:20 PM ET

    SEATTLE, Oct 8- Personal computer shipments fell 1.7 percent in the July to September period from a year ago, tech research firm IDC said on Wednesday, marking the 10th straight quarter of declines but beating IDC's forecast of a 4.1 percent drop. Gartner, a rival research firm, put the decline at 0.5 percent. U.S. and European shipments increased, boosted by...

  • Gap says Art Peck to succeed Glenn Murphy as CEO in Feb Wednesday, 8 Oct 2014 | 4:19 PM ET

    Oct 8- Apparel retailer Gap Inc said Art Peck, who heads the company's growth, innovation and digital division, would take over as chief executive, effective Feb. 1. Peck will succeed Glenn Murphy, who will retire after heading the company for seven years, Gap said in a statement. Under Murphy's leadership, Gap expanded to 50 countries, including China, from about 10,...

  • Alcoa third-quarter earnings rise, shares gain Wednesday, 8 Oct 2014 | 4:16 PM ET

    Oct 8- Aluminum producer Alcoa Inc reported a rise in third-quarter profit on Wednesday due to higher aluminum prices and premiums although it recorded restructuring charges on a smelter closure. Excluding the impact of special items, Alcoa's earnings were $370 million, or 31 cents a share for the three months ended September. Alcoa traditionally has been the...

  • QUITO, Oct 8- Ecuador's Oil Minister Pedro Merizalde told Reuters on Wednesday that current oil prices are normal given an increase in U.S. production, and that they should be discussed at the OPEC meeting in late November.

  • WASHINGTON/ NEW YORK, Oct 8- The debate within the Federal Reserve over how to telegraph a rise in interest rates heated up last month, with several officials concerned about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting. But as the Fed grapples with how to communicate its view on hiking...

  • Fuel economy for new light-duty vehicles in the United States reached an all-time high in the 2013 model year, averaging 24.1 miles per gallon, up 0.5 mpg on the year, the EPA said in an annual report. The EPA said recent improvements in part reflected automakers' rapid adoption of more efficient technologies such as gasoline direct injection engines, turbo...

  • NEW YORK, Oct 8- U.S. stocks soared on Wednesday, with major indexes posting their biggest one-day jumps of 2014 after the Federal Reserve reassured investors that the first interest rate hike would not come before the economy could support it.

  • NEW YORK, Oct 8- U.S. short- and intermediate-dated Treasuries yields fell Wednesday after traders viewed the minutes from the Federal Reserve's latest policy meeting as suggesting a continued accommodative stance on monetary policy. "That seems to be the new mantra from the more dovish members of the FOMC: that while, by some headline metrics, it might make sense...

  • NEW YORK, Oct 8- Brent crude hit a 27- month low on Wednesday before recovering partially to close above $91 a barrel, with analysts saying the market could be headed for a rebound despite growing stockpiles and a gloomy world economic outlook. U.S. crude stocks climbed by 5 million barrels to 361.65 million in the week to Oct. 3, data from the Energy Information...

  • PRECIOUS-Gold rises nearly 1 percent after Fed minutes Wednesday, 8 Oct 2014 | 3:41 PM ET

    *Gold jumps after Fed releases minutes. NEW YORK/ LONDON, Oct 8- Gold rose about 1 percent on Wednesday after minutes of the last Federal Reserve policy meeting showed U.S. central bankers concerned about the rising dollar, slowing inflation and economic turmoil in Europe and Asia, feeding the view that interest rates would stay low. "Gold prices are likely to...

  • BOGOTA, Oct 8- Despite a decline in oil revenue, the sector will remain an important engine of Colombia's economic growth and even more so if the government signs a peace accord with Marxist FARC rebels, Energy Minister Tomas Gonzalez said on Wednesday. But Gonzalez says the sector is "absolutely indispensable" for the economy and will continue, along with mining...

  • "We see recovery of the United States' economy as a stimulus for Latin America. "That is part of the message that the finance ministers of Latin America had for the United States." Cardenas, who spoke after chairing a meeting of finance ministers from the Americas and the Caribbean, said the region expects U.S. economic growth to result in a rise in tourism and...

  • DALLAS, Oct 8- The first person diagnosed with Ebola in the United States died on Wednesday and the government ordered five airports screen passengers from West Africa for fever, underscoring concerns about U.S. treatment and preparedness for the virus. The administration of President Barack Obama has been under pressure from lawmakers to enhance screening...

  • NEW YORK, Oct 8- Bank of America Corp has clinched a deal to provide inventory and working capital financing to the biggest oil refinery on the East Coast, replacing JPMorgan Chase& Co with a revamped arrangement that excludes physical supplies, according to a source familiar with the deal. The agreement with Philadelphia Energy Solutions, sealed on Tuesday, will...

  • Icahn tweets he will send open letter to Apple Wednesday, 8 Oct 2014 | 3:12 PM ET

    Oct 8- Billionaire activist investor Carl Icahn tweeted on Wednesday, saying he would send an open letter to Apple Inc on Thursday. The investor has in the past urged Apple to return more of its cash to shareholders and pressured the company to raise its stock buyback and dividend. Apple shares were up 2 percent at $100.73 in late afternoon trading.

  • NEW YORK, Oct 8- George Perez, a former computer programmer for Bernard Madoff who was convicted in March of aiding his boss' massive Ponzi scheme, got support from a noteworthy source this week: Madoff himself. In an email filed in Manhattan federal court by Perez's defense lawyers, Madoff described a meeting in which he said he told Perez and another programmer,...

  • Oct 8- United Parcel Service Inc has started allowing U.S. customers to collect packages from neighborhood stores or lockers to lower failed deliveries of online purchases and costs associated with them, ahead of the busy holiday shopping season. Morningstar analyst Keith Schoonmaker said access points in the United States were critical for courier...

  • NEW YORK, Oct 8- The dollar fell to a two-week low against the euro on Wednesday after minutes of the latest Federal Reserve policy meeting focused on the downside risks to the U.S. economy, suggesting the central bank could take its time in raising interest rates. "The minutes verbalized the notion that a strong dollar could act as a de facto tightening of monetary...