WASHINGTON, May 22- President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12- nation Pacific Rim trade deal central to projecting American influence in Asia. The Senate voted 62-37 to approve the Trade Promotion Authority bill, or fast-track as it is known in...» Read More
NEW YORK-- Fitch Ratings lowered its outlook on Safeway Inc. to negative on Friday, citing the supermarket chain's weak sales and shrinking market share. The rating agency kept its "BBB-" long-term issuer default rating on Safeway, the country's second-largest traditional grocery chain.
LANSING, Mich.-- Michigan utility regulators say residential heating bills for natural gas users are expected to be slightly higher this winter due to likely increased consumption. The Michigan Public Service Commission released its winter energy appraisal Friday.
The price of oil is down slightly as the market eyes a massive storm heading for the East Coast with the potential to force refinery closures and delays in import deliveries. Benchmark oil fell 9 cents to $85.96 per barrel Friday.
Oct 26- Merck& Co Inc reported better-than-expected third-quarter profit, as a favorable tax rate and lower merger costs helped offset plunging sales of asthma drug Singulair, its former flagship product that began facing cheaper generics in August.
WASHINGTON-- The Food and Drug Administration on Friday approved Teva Pharmaceutical's drug Synribo to treat patients with a type of blood and bone marrow cancer. An estimated 5,430 people will be diagnosed with the cancer this year, according to the National Institutes of Health.
LONDON, Oct 26- World shares and commodities fell as lacklustre corporate earnings reports undermined investor confidence before the release of American growth data due out later on Friday.
LONDON, Oct 26- Ports around the world are considering liquefied natural gas as a ship fuel in a drive to reduce carbon emissions, but the shift will be slow due to the high capital costs of fitting ports and vessels and a lack of investors, industry players say.
Oct 26- Goodyear Tire& Rubber Co, the top U.S. tire maker, reported a lower quarterly profit as volumes fell particularly in Europe. Goodyear expects fourth-quarter tire unit volume to fall 3 percent to 5 percent from a year earlier. Net income fell to $110 million, or 41 cents per share, in the third quarter, from $161 million, or 60 cents per share, a year earlier.
NEW YORK, Oct 26- U.S. stock index futures fell on Friday after technology giants Apple and Amazon.com reported lackluster earnings and outlooks, and ahead of economic growth data.
FINDLAY, Ohio-- A pipeline subsidiary of Marathon Petroleum Corp. rose in its stock market debut after raising $380.6 million in an initial public offering of its units. MPLX LP sold 17.3 million units at $22 each, above the expected range of $19 to $21, which suggested strong demand for the company.
INDIANAPOLIS-- Republic Airways Holdings Inc. said Friday that it had agreed on a three-year deal with casino giant Caesars Entertainment Corp. to operate five Embraer E190 aircraft that will provide more than 1,500 flights each year for Caesars' customers.
HONG KONG, Oct 26- Hong Kong is to introduce new property cooling measures, including a new 15 percent tax on overseas buyers, to curb a rise in prices to increasingly unaffordable levels, Financial secretary John Tsang said on Friday.
HAMBURG, Oct 26- Loss-making General Motors unit Opel has not reached an agreement with its German workforce over a restructuring plan, including the planned closure of its Bochum plant, by the Friday deadline imposed by trade union IG Metall.
``Supply risks are likely to push oil prices higher and ultra-loose monetary policy by major central banks should also increase liquidity in commodity markets and boost demand,'' said Carsten Fritsch, senior commodity analyst at Commerzbank.
WASHINGTON, Oct 26- The Federal Reserve's latest stimulus will not boost economic growth without creating unwanted inflation, said Jeffrey Lacker, president of the Richmond Fed and lone dissenter on the central bank's policy committee.
Oct 26- Chemical producer LyondellBasell Industries NV posted a 6 percent drop in quarterly profit on Friday due in part to higher costs in European operations. For the third quarter, the company reported net income fell to $846 million, or $1.46 per share, from $895 million, or $1.33 per share, in the year-ago period.
DEFIANCE, Ohio-- Mitt Romney is trying to close the deal with voters by focusing on their economic concerns, an area where polling shows the Republican nominee has an edge heading into the final days of the campaign.
ARCHAR, Bulgaria-- On the banks of the Danube, in the northwest corner of Bulgaria, lie the remnants of an ancient Roman settlement called Ratiaria, host to a priceless cultural heritage.
Oct 26- Specialty truckmaker Oshkosh Corp on Friday reported higher fourth-quarter profit and reaffirmed its 2013 outlook and forecast that adjusted earnings would double by fiscal 2015..