SHANGHAI/ BEIJING, April 20- Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.» Read More
*China now holds 21 percent of Iraq oilfield projects. BAGHDAD, Oct 30- From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq.
Phillips 66 said on Wednesday its refining unit lost $2 million in the third quarter, driven by a 40 percent decline in the average worldwide crack spread, or the difference between wholesale petroleum product prices and crude oil.
*First-qtr profit $0.68/ shr vs est $0.66. Oct 30- Automatic Data Processing Inc reported a higher-than-expected quarterly profit as it processed more payrolls in an improving U.S. job market. Net earnings from continuing operations rose to $328.6 million, or 68 cents per share, in the first quarter from $302.5 million, or 63 cents per share, a year earlier.
Oct 30- Cameco Corp, the world's third-biggest uranium producer, reported higher quarterly profit on Wednesday as its uranium sales and realized price rose. Net earnings for the third quarter jumped to C $211 million, or 53 Canadian cents per share, from C $79 million, or 20 Canadian cents per share, a year before.
Oct 30- Accounting and consulting firm PricewaterhouseCoopers struck a deal to buy corporate consulting firm Booz& Co to bulk up its advisory and tax business. The companies said the deal is subject to approval from Booz& Co's partner vote, scheduled for December.
DETROIT, Oct 30- General Motors Co on Wednesday posted a better-than-expected quarterly profit on strong results in its core North American market and the first revenue increase in Europe in two years. "The story in Europe overall is really consistent with the plan we laid out," he told reporters.
BERLIN, Oct 30- Record quarterly sales of luxury Porsches and Audis helped Volkswagen, Europe's biggest carmaker, to stick to its full-year target for flat earnings on Wednesday, easing some concerns about the costs of its new manufacturing platform.
WASHINGTON, Oct 30- U.S. consumer prices rose modestly in September but there was little sign of underlying inflation in the economy, which should give the Federal Reserve scope to maintain its monthly bond purchases.
NEW YORK, Oct 30- U.S. private-sector employers added 130,000 jobs in October, lower than economists' expectations for the month, a report by a payrolls processor showed on Wednesday.
*Doesn't expect many more years of instability in Egypt, North Africa. DUBAI, Oct 30- Templeton Emerging Markets Group is looking to increase its equities investment in Egypt because it thinks the political environment will stabilise and the government is committed to repairing the economy, the head of the group said.
Oct 30- Garmin Ltd raised its earnings forecast for 2013 after reporting better-than-expected quarterly results as it sold more navigation devices used in aircraft and by fitness enthusiasts.
NEW YORK, Oct 30- U.S. private-sector employers added 130,000 jobs in October, lower than economists' expectations for the month, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 150,000 jobs.
Oct 30- Quarterly profit at Phillips 66 fell sharply, as shrinking discounts for crude oil at some refineries hurt margins. Profit in the third quarter was $535 million, or 87 cents per share, compared with $1.6 billion, or $2.51 in the same period a year earlier. Analysts on average had expected a profit of 94 cents per share, according to Thomson Reuters I/B/E/S.
Oct 30- Hess Corp, an oil and natural gas producer, reported a lower-than-expected third-quarter profit on Wednesday as unrest in Libya and asset sales dented production. Much of the drop came after Hess sold assets in Russia, the UK and Azerbaijan.
*European Commission president urges rebuilding of EU-US trust. BRUSSELS, Oct 30- Persistent doubts about the ability of the United States to resolve its debt problems are putting U.S. credibility in the world at stake, European Commission President Jose Manuel Barroso has warned.
Oct 30- BorgWarner Inc, the maker of automotive turbochargers and emission systems, reported a 65 percent rise in quarterly profit, partly due to higher demand for fuel-efficient vehicles. Net income attributable to the company rose to $166.8 million, or $1.45 per share, in the third quarter ended Sept. 30 from $101.1 million, or 85 cents per share, a year earlier.
*Profit 79 cents a share excluding items vs estimate of 75 cents. Oct 30- Low-cost carrier Spirit Airlines Inc on Wednesday reported a higher-than-expected quarterly profit, helped by increased airfares and fees for baggage and other services.
*Orkla, Next top risers list after earnings beats. LONDON, Oct 30- European shares rose to five-year highs on Wednesday, lifted by a batch of solid earnings reports from carmaker Volkswagen, retailer Next and Norwegian conglomerate Orkla among others.
NEW YORK, Oct 30- U.S. stock index futures edged higher on Wednesday, a day after the Dow and the S&P 500 indexes hit a new closing record, on expectations that the Federal Reserve's monthly bond purchases of $85 billion will be extended into next year.
Oct 30- Comcast Corp posted net income that beat analyst estimates on Wednesday as the company generated more cash flow at its cable unit and media arm, NBC Universal, than it had a year ago. Comcast's cable unit, which has the most U.S. subscribers of any cable company with 21.6 million video customers, missed estimates in some key areas.