CARACAS, Venezuela— President Nicolas Maduro is ordering a cut in government spending as Venezuela grapples with a plunge in world oil prices that threatens to bring more hardship for the petroleum-dependent economy. Speaking on television Friday, Maduro said that under no circumstances will social programs be affected by the belt tightening.» Read More
WASHINGTON-- The pre- Halloween hybrid weather monster that federal forecasters call "Frankenstorm" is looking more ominous by the hour for the East Coast, and utilities and local governments are getting ready. The stage is set as Hurricane Sandy, having blown through Haiti and Cuba, continues to barrel north.
OSHKOSH, Wis.-- Oshkosh is rejecting a buyout offer from billionaire investor Carl Icahn. Shares in Oshkosh Corp. are up 25 cents to $29.99 in early trading. Earlier this month Icahn said he planned an unsolicited bid that valued Oshkosh at almost $3 billion, and said he would nominate a competing slate of directors in a bid for control of the company.
DETROIT-- Federal safety regulators are investigating some older-model Ford Taurus and Mercury Sable sedans because the throttles can stick. The National Highway Traffic Safety Administration says it has 50 complaints about sticky throttles in the cars from the 2000 through 2003 model years. The Ford Taurus and Mercury Sable and are nearly identical cars.
*Hurricane Sandy threatens U.S. after slamming Cuba. LONDON, Oct 26- Oil fell on Friday to around $108 a barrel and was heading for its second weekly drop, pressured by expectations U.S. economic growth will not be strong enough to bolster the demand outlook and by Europe's debt crisis.
WASHINGTON-- The U.S. economy grew at a slightly faster 2 percent annual rate from July through September, buoyed by more spending by consumers and the federal government. The report Friday from the Commerce Department is the last broad snapshot of the economy before Americans choose a president in 11 days.
LONDON, Oct 26- European share markets followed Asian stocks lower as lacklustre corporate earnings reports undermined investor confidence ahead of American growth data due later on Friday.
NEW DELHI-- Since launching his own political party this month, a fiery former tax officer has become the bane of some of India's most powerful politicians, publicly accusing them _ by name _ of corruption. He has accused Congress party chief Sonia Gandhi's son-in-law of making millions off shady real estate deals.
RIO DE JANEIRO-- A political corruption trial seen as a turning point toward cleaner governance in Brazil is nearing its end, with the country's Supreme Court starting to hand down tough sentences this week against powerful defendants. The trial has riveted Brazil for months, with results that have tarnished the reputation of the governing Workers' Party.
BEIJING-- China is telling tourist-favored Buddhist temples: Don't let money be your mantra. "Everywhere in China now is about developing the economy," complained Beijing resident Fu Runxing, a 40- year-old accountant who said he recently went to a temple where incense was priced at 300 yuan a stick.
LONDON, Oct 26- Accused UBS rogue trader Kweku Adoboli pleaded not guilty on Friday to two new counts of false accounting that were added to the indictment six weeks into his trial. The two new counts were added to help clarify the case for the jury. There are now six counts in total, two of fraud and four of false accounting.
DOWNEY, Calif.-- Authorities say a man held for questioning matches the description of a gunman who killed three people and critically wounded two others at a family-owned fire extinguisher business and a relative's nearby home in suburban Los Angeles.
BEIJING-- China's legislature on Friday passed a long-awaited mental health law that aims to prevent people from being involuntarily held and unnecessarily treated in psychiatric facilities _ abuses that have been used against government critics and triggered public outrage.
BRUSSELS-- So far, it's still a mystery. Was the killing of Nicholas Mockford, a 60- year-old executive for ExxonMobil, the world's largest oil company, a car-jacking gone wrong?
LONDON/ SAN FRANCISCO, Oct 26- Top oil companies in the western world are missing out on the full benefits of strong crude prices because of costly production outages and delays in bringing on new capacity, third-quarter results are set to show. ``Earnings are... down 13 percent year-on-year, worse than the 2 percent decrease in Brent prices- once again demonstrating the majors' poor margin capture in a strong commodity price environment and rising cost pressures,'' said Credit Suisse analysts in a note on the top European players.
MIDLAND, Mich.-- Dow Corning's third-quarter net income dropped 45 percent as polysilicon prices continued to fall because of industry oversupply and sales declined in Europe.
Both firms reported losses after the market close on Thursday, contributing to a sour trading session in Asia. "Strength in consumer spending remains an encouraging feature to today's report into the final quarter," said Andrew Wilkinson, chief economic strategist at Miller Tabak& Co. "As they say, never write off the consumer."
By early afternoon in Europe, benchmark oil for December delivery was up 22 cents to $86.27 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 32 cents to finish at $86.05 a barrel in New York on Thursday. In London, Brent Crude was up 45 cents to $108.94 on the ICE Futures exchange.
LifePoint runs 56 hospitals in rural areas, up 10 percent from a year ago, in 19 states. Excluding one-time items, LifePoint said it earned 60 cents per share. LifePoint said its revenue will be between $3.35 billion to $3.4 billion.