Latest Business News Wires - Business Headlines


  • LONDON, Nov 1- Brent crude oil fell below $108 a barrel on Friday as traders shrugged off concerns over a lingering oil crisis in Libya and cited technical pressures. Months of disruptions in OPEC member Libya have slashed oil exports and rekindled supply worries, pushing Brent to a high of $112 a barrel in October.

  • Nov 1- Chevron Corp, the second-largest U.S. oil company, reported on Friday a decline in quarterly profit due to the impact of lower refining margins, while oil and gas production increased but remained short of its target. Third-quarter net income fell to $4.95 billion, or $2.57 per share, from $5.25 billion, or $2.69 per share, a year earlier.

  • Chemical tankers in demand as U.S. exports soar Friday, 1 Nov 2013 | 8:42 AM ET

    *Stolt-Nielsen, Odfjell, Ardmore set to gain- analysts. Nov 1- After four years in the doldrums, the specialized chemical tankers that ply the seas between the United States and Asia are set to generate bumper profits for the handful of companies that own and operate them.

  • LONDON, Nov 1- Warren Buffett's Burlington Northern-Santa Fe railroad captured headlines earlier this year when it announced it would start trialling trains powered by liquefied natural gas.

  • DETROIT, Nov 1- Ford Motor Co is recalling 2,618 Focus Electric cars because of potential loss of power to the wheels while driving. All the affected vehicles were built at the Michigan Assembly Plant in Wayne from Sept. 15, 2011 to Aug. 8, 2013, Ford said. The recall affects 2,455 cars in the United States, with the rest in Canada and federalized territories.

  • UPDATE 1-CBOE profit rises, beats Wall Street view Friday, 1 Nov 2013 | 8:27 AM ET

    Nov 1- CBOE Holdings Inc, which operates the biggest U.S. stock-options market, reporter higher-than-expected quarterly profit on Friday on increased trading of exclusively listed contracts tied to stock-market indexes and volatility.

  • Nov 1- Spirit Aerosystems Holdings Inc, a maker of fuselages and wings for Boeing Co and Airbus, reported a 10 percent rise in quarterly revenue due to strong demand for large commercial aircraft.

  • October auto sales for Chrysler Group LLC rose 11 percent from a year before, missing analysts' expectations despite strong sales of its Ram pickup truck and Jeep Grand Cherokee. Hyundai Motor Co said that its U.S. sales climbed 7 percent to 53,555 vehicles.

  • LONDON, Nov 1- The euro fell to a two-week low against the dollar on Friday, extending losses to a fifth day as slowing euro zone inflation led some in the market to forecast a near-term European Central Bank rate cut. In higher volumes than of late, the euro fell to $1.3508 in European trade, its lowest since Oct. 16.

  • Nov 1- JPMorgan Chase& Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.

  • RIO DE JANEIRO, Nov 1- Brazilian industrial output returned to growth in September, led by capital goods manufacturing, suggesting businesses remained confident of stronger economic growth ahead.

  • CBOE third-quarter earnings rise Friday, 1 Nov 2013 | 7:41 AM ET

    Nov 1- CBOE Holdings Inc, which operates the biggest U.S. stock-options market, reported a rise in quarterly profit on Friday, driven by an increase in trading of exclusively listed contracts tied to stock-market indexes and volatility.

  • *Global demand boosts Britain too. BEIJING, Nov 1- Demand for exports drove the fastest upturn in Asia's factories in months during October, led by China, as Friday's business surveys also showed UK manufacturers still expanding. "Overall, the data is positive for global demand," said Radhika Rao, an economist with DBS in Singapore.

  • *Gold set for first weekly drop in three weeks. LONDON, Nov 1- Gold fell to two-week lows on Friday, heading for its first weekly drop in three as upbeat U.S. economic data lifted the dollar, raising anxiety over the Fed's future course. Comex gold futures for December fell $8.80 to $1,314.50 an ounce.

  • Renault slides as European shares edge lower Friday, 1 Nov 2013 | 7:24 AM ET

    *Renault falls after partner Nissan cuts outlook. LONDON, Nov 1- Fresh signs of corporate earnings weakness pegged back European stock markets on Friday, pushing indexes off multi-year highs and hitting carmaker Renault.

  • US STOCKS-Futures edge higher after two-day decline Friday, 1 Nov 2013 | 7:23 AM ET

    *First Solar jumps after results, outlook. NEW YORK, Nov 1- U.S. stock index futures edged slightly higher on Friday, indicating a Wall Street rebound following two days of losses spurred by concerns over Federal Reserve policy.

  • *Shakeup comes as rapidly expanding Nissan sees quality issues. *Nissan slashes FY 13/ 14 net profit outlook by some 20 pct.

  • Nov 1- Energy Future Holdings, straining under $40 billion of debt, said talks with creditors had broken off, a day after sources said the company would make a critical interest payment. Energy Future Holdings was created in October 2007 in a $45 billion buyout of Dallas- based TXU Corp, the biggest electricity generating and distribution company in Texas.

  • HONG KONG, Nov 1- A top Goldman Sachs banker in Asia is relocating to the United States to take on a global role, people familiar with the matter told Reuters, after playing a key part in the firm's efforts to broaden its business amid a drop in equity offering volumes.

  • *Surpasses previous high set on Jan. 10, 2008. MUMBAI, Nov 1- India's benchmark BSE index surged to a record on Friday as blue chips rallied on the back of strong foreign buying, in a remarkable turnaround from two months earlier, when the rupee hit record lows and threatened a crisis of confidence.

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