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  • Nov 14- Canada's Niko Resources Ltd said it was evaluating plans for its oil and gas assets in India, citing uncertainty related to the outlook for natural gas prices in the country. Niko owns 10 percent in the D6 Block, off the eastern coast of India. BP Plc has a 30- percent stake in the block, while the rest is owned by India's Reliance Industries Ltd.

  • OFF THE COAST OF HELIGOLAND, Germany, Nov 14- As European governments start to curb offshore renewable power subsidies, utilities, wind turbine makers and installers are racing to cut costs to help the industry survive. Britain, Germany and the Netherlands, wary of committing billions of euros when budgets are tight, have announced subsidy cuts in the past 18...

  • WASHINGTON, Nov 14- U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. Retail sales, which account for about one-third of consumer spending, rose 0.3 percent in October, the Commerce Department said. "numbers bode well for the crucial holiday shopping...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • *Abengoa plummets on confusion about debt guarantees. The biggest loser, however, was Spain's renewable energy firm Abengoa, tumbling 43 percent, hurt by investor confusion over the garantees of one of the firm's bonds. The stock's sell-off started on Thursday when Abengoa's management said debt raised by its Abengoa Greenfield unit would be accounted for as'...

  • MEXICO CITY, Nov 14- Shares of Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, fell sharply on Friday as unconfirmed reports of a possible shake-up to the bank's management circulated in the market.

  • ST. LOUIS, Nov 14- St. Louis Federal Reserve Bank President James Bullard said on Friday he did not expect wage data to give the central bank much indication on inflation pressures. With the economy growing, an explosion in wages could happen but it's a lagging effect, he said. Bullard also said in a question and answer session after prepared remarks here that he is...

  • NEW YORK, Nov 14- The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data and a slide in the yen to seven-year lows against the dollar on bets Japanese Prime Minister Shinzo Abe will call early elections and delay a sales tax increase. The euro also fell against the dollar and briefly dipped below $1.24, at $1.2399, despite...

  • Virgin America shares jump 24.3 pct in debut Friday, 14 Nov 2014 | 10:08 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, rose as much as 24.3 percent in their trading debut, valuing the company at about $1.24 billion. Virgin America's initial public offering of 13.3 million shares raised about $307 million, with the company retaining a major portion of the proceeds. The offering was priced at...

  • CHICAGO, Nov 14- Farmland values in the southern U.S. Midwest and Delta region rose almost 15 percent during the third quarter from the same period a year earlier, despite lower farm income, as grain prices fell, the Federal Bank of St. Louis said on Friday. The St. Louis district covers Arkansas, eastern Missouri, southern Illinois and Indiana, and parts of Kentucky,...

  • U.S. business inventories rise in September Friday, 14 Nov 2014 | 10:00 AM ET

    WASHINGTON, Nov 14- U.S. business inventories rose a bit more than expected in September but the government also revised slightly downward its estimate for August's gains, suggesting little impact on views for economic growth in the third quarter. The Commerce Department said on Friday inventories increased 0.3 percent. Economists polled by Reuters had...

  • U.S. consumer sentiment at more than 7-year high Friday, 14 Nov 2014 | 10:00 AM ET

    NEW YORK, Nov 14- U.S. consumer sentiment rose in November to a more than seven-year high as falling unemployment and lower gasoline prices boosted views on both current conditions and expectations, a survey released on Friday showed. The Thomson Reuters/ University of Michigan's preliminary reading on the overall index on consumer sentiment for this month...

  • WASHINGTON, Nov 14- United States Postmaster General, Patrick Donahoe, who has led the financially troubled U.S. Postal Service for four years, is set to retire in February 2015, clearing the way for the service's first female postmaster general. The Postal Service Board of Governors, which made the announcement Friday, said it had picked Megan Brennan, the...

  • Hertz said in June it would restate results for 2011 due to accounting errors and would review 2012 and 2013 statements. Hertz said on Friday the errors would reduce its attributable net income by about $87 million for the three years. Hertz said it started a cost-cutting program and expects savings of about $100 million by the end of 2015..

  • *Baker Hughes confirms merger talks with Halliburton. *Geron jumps on licensing deal with Johnson& Johnson. NEW YORK, Nov 14- U.S. stocks opened flat on Friday, with the S&P on track for a fourth straight weekly advance, after data on retail sales and ahead of a report on consumer sentiment.

  • RIO DE JANEIRO, Nov 14- Shares of Brazil's Petrobras plummeted 5 percent on Friday after the state-run oil firm delayed releasing its results amid a police investigation into corruption that has already ensnared a former senior executive. Petrobras shares opened over an hour and a half after the rest of the Bovespa index, with the chief executive of the bourse,...

  • NEW YORK, Nov 14- U.S. stocks opened flat on Friday, with the S&P on track for a fourth straight weekly advance, after data on retail sales and ahead of a report on consumer sentiment.

  • *OPEC meets on Nov. 27. LONDON, Nov 14- Oil rose to $79 a barrel on Friday having earlier hit a four-year low, supported by speculation that the prospect of even lower prices may nudge OPEC producers towards cutting output at a meeting in two weeks. The International Energy Agency, which usually refrains from predicting oil prices, said in its monthly report that...

  • Nov 14- Pinnacle Foods Inc said it would buy plant-based protein food maker Garden Protein International Inc for C $175 million from founder Yves Potvin and private equity firm TSG Consumer Partners LLC. Hillshire Brands Co in June withdrew its recommendation to its shareholders to vote for a $6.6 billion acquisition of Pinnacle Foods, following Tyson Foods...

  • WASHINGTON, Nov 14- U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. U.S. retail sales rose a higher-than-expected 0.5 percent last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the...