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  • Verizon reasserts no plans for Internet 'fast lanes' Wednesday, 29 Oct 2014 | 12:20 PM ET

    WASHINGTON, Oct 29- Verizon Communications Inc on Wednesday reasserted that it was not planning to strike any Internet "fast lane" deals that would help some websites load faster than others, in a letter to a top U.S. Senate Judiciary Committee lawmaker. "As we have said before, and affirm again here, Verizon has no plans to engage in paid prioritization of Internet...

  • Oct 29- Oil and gas producer Hess Corp posted a better-than-expected quarterly profit on Wednesday as production jumped and costs fell in North Dakota's booming Bakken shale formation. The company, which also produces oil in Norway, Ohio and the U.S. Net income surged to $1 billion, or $3.31 per share, in the third quarter from $420 million, or $1.23 per share, in the...

  • *Orbital Sciences falls after rocket explosion. DuPont, down 2 percent at $66.62, was the largest drag on the materials sector of the S&P 500 after it said there were "competitive advantages" in keeping its businesses together. Activist investor Nelson Peltz has urged DuPont to separate its various businesses in a move that has supported the company's shares.

  • BERLIN, Oct 29- Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts. "Let's make a joint contribution to more transparency and fairness in our globalised 21st century," Wolfgang Schaeuble told a...

  • The 14- story Antares rocket, built and launched by Orbital Sciences Corp, blasted off from the Wallops Flight Facility at 6:22 p.m. on Tuesday but burst into flames moments later, the first disaster since NASA turned to private operators to run cargo to the space station. Orbital Sciences stock fell 15.9 percent to $25.54 on Wednesday. The loss of the supply...

  • *Banks bid for $201 million out of $1.5 billion on offer. MOSCOW, Oct 29- A debut auction of forex repos by Russia's central bank on Wednesday met with lackluster demand, with analysts saying banks were deterred from taking up the offer by a relatively high interest rate and short-term nature of the instrument. "Quite clearly $200 million looks quite tiny," said Maxim...

  • Oct 29- Canadian oil sands producer MEG Energy is considering applying for a license to re-export Canadian crude from the U.S. Gulf Coast, chief executive officer Bill McCaffrey said on Wednesday. MEG has committed capacity of up to 100,000 barrels-per-day on Enbridge's new Flanagan South pipeline, which will link up with the Seaway pipeline to transport...

  • *OPEC says fundamentals do not reflect low oil prices. Benchmark Brent crude oil for December was up $1.73 at $87.76 a barrel at 11:41 a.m. after touching an intraday high of $87.94. Crude inventories in the United States rose by 2.1 million barrels in the last week, compared with analysts' expectations for an increase of 3.4 million barrels, data from the...

  • NEW YORK, Oct 29- The U.S. dollar weakened on Wednesday ahead of the conclusion of the Federal Reserve's two-day meeting, as market players expected policy makers to reiterate a cautious stance on raising interest rates. In mid-morning New York trade, the euro saw a small surge in purchases, which one trading source ascribed to a lack of normal dollar buying by...

  • *Banks bid for $201 million out of $1.5 billion on offer. MOSCOW, Oct 29- A debut auction of forex repos by Russia's central bank on Wednesday met with lacklustre demand, with analysts saying banks were deterred from taking up the offer by a relatively high interest rate and short-term nature of the instrument. "Quite clearly $200 million looks quite tiny," said Maxim...

  • OTTAWA, Oct 29- Canada has issued an emergency order to railways detailing how many handbrakes they must set on unattended trains to prevent deadly runaways, and will hire new staff to conduct an "audit blitz" of rail companies' safety systems. The announcement on Wednesday came in response to the Canadian Transportation Safety Board's final report in August on...

  • SOFIA, Oct 29- Bulgaria's Central Bank Governor Ivan Iskrov told parliament on Wednesday he will step down as soon as a decision is taken on what to do with Corporate Commercial Bank, after the country's worst banking crisis since the 1990 s. Corpbank's clients have been unable to access their deposits since June, sparking waves of angry protests and a sharp...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • DTCC drops case against U.S. CFTC in row about data Wednesday, 29 Oct 2014 | 11:14 AM ET

    WASHINGTON, Oct 29- The U.S. Depository Trust& Clearing Corporation dropped its case against the Commodity Futures Trading Commission in a dispute about access to potentially lucrative trading data, a court document showed on Wednesday. The DTCC and the derivatives regulator had agreed "to the dismissal without prejudice of the remaining causes of action in...

  • Garmin profit beats on GPS fitness device demand Wednesday, 29 Oct 2014 | 11:09 AM ET

    Garmin, a maker of GPS-based devices, reported better-than-expected quarterly revenue and profit as demand surged for its fitness products.

  • *Milan- listed shares jump 18 percent. MILAN, Oct 29- Fiat Chrysler Automobiles plans to list a 10 percent stake in luxury brand Ferrari and issue $2.5 billion in convertible bonds to help fund the parent company's turnaround plan. Milan- listed shares in FCA, the world's seventh-largest carmaker, jumped more than 18 percent to trade at 9.03 euros on Wednesday, their...

  • Oct 29- U.S. health insurer WellPoint Inc on Wednesday reported a higher-than-expected quarterly profit as its medical costs stayed low, and it forecast continued earnings growth in 2015.. Some hospitals have said customers are have more procedures because of a turn in the economy, while others have cited new insurance and Medicaid plans offered under...

  • HP tries something new with 3D scanning computer Wednesday, 29 Oct 2014 | 11:00 AM ET

    PALO ALTO, Calif., Oct 29- Hewlett-Packard Co has taken a modest step toward re-imagining the venerable personal computer, merging a 3 D scanner and projector with an all-in-one PC to create a $1,899 ensemble it hopes can rekindle industry interest. The new desktop computer, called Sprout, goes on sale online Wednesday. Sprout sits atop Microsoft's Windows 8 and...

  • Hershey says higher milk prices, dollar hurt profit Wednesday, 29 Oct 2014 | 10:59 AM ET

    Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.

  • LONDON, Oct 29- Pierre Andurand, one of the most respected and successful fund managers in the oil industry, said he believed U.S. light crude oil could fall as low as $50 per barrel. Andurand told the Oil and Money conference that he thought it unlikely that OPEC would cut production, even though current supply and demand trends suggested the market could be in a 2...