France has been hit by a wave of strikes over the past week aimed at forcing President Francois Hollande's socialist government to withdraw proposed new labour market rules. France is western Europe's third-biggest oil refiner, behind Germany and Italy, according to the JODI-World Oil Database, with a total refining capacity of nearly 1.5 million barrels a... » Read More
*Yen dips on worries about Japan, importer selling. NEW YORK, Nov 1- The euro rose against the dollar on Thursday after data painted an improving outlook for the U.S. labor market and prompted investors to move away from the safe-haven U.S. currency.
BOSTON, Nov 1- William Gross, co-chief investment officer of America's biggest bond mutual fund, said recent U.S. policies are not generating the kind of growth needed to kick-start the economy and may usher in ``disruptive financial markets'' in the future.
CHICAGO-- CBOE Holdings Inc. reported a decline in its third-quarter profit but the exchange operator did better than most on Wall Street had expected and shares jumped Thursday. CBOE, which runs the VIX or "fear" index, also said it saw record volume in trading of VIX futures during the period.
Nov 1- Kellogg Co reported higher-than-expected quarterly profit on Thursday as strong performance in its Pringles business offset costs related to a recall last month of Mini-Wheats. The world's largest cereal maker reported net income of $296 million, or 82 cents per share, for the third quarter, compared with $290 million, or 80 cents per share, a year earlier.
LONDON, Nov 1- New rules to stop speculators making Europe's debt crisis worse by betting on government bond defaults are prompting investors to find alternative ways to insure against or profit from bad news in the region.
MOSCOW, Nov 1- Rosneft more than doubled its cash reserves in the third quarter, as the state-owned Russian oil firm bolsters its finances ahead of its $55 billion acquisition of Anglo-Russian oil producer TNK-BP. ``It is always like this,'' said Vitaly Kruykov from brokerage IFD Kapital. ``The company had been accumulating cash... in this case for TNK-BP.''.
Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.
*RedPrairie to buy JDA for $45 per share. Nov 1- JDA Software Group Inc, a maker of supply-chain management software, agreed to be bought by privately held rival RedPrairie for about $1.9 billion in cash.
NEW YORK, Nov 1- U.S. stocks opened higher on Thursday after a pair of positive signs on the labor market pointed to improving conditions a day before the U.S. nonfarm payroll report. The ADP report showed more private-sector jobs created in the latest month than expected, while weekly jobless claims were lower than forecast.
Data over the past month has shown the health of the global economy remains fragile, with retail sales and the housing market pointing to an improvement in the United States but Europe is still struggling.
*Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.
Nov 1- Ford Motor Co shuffled its management team on Thursday, promoting longtime executive Mark Fields to chief operating officer, and said its chief executive officer, Alan Mulally, would stay on through 2014..
WASHINGTON, Nov 1- U.S. companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that could hinge on the economy. Payrolls processor Automatic Data Processing said private employers added 158,000 workers last month.
Chesapeake said last month that it planned to pay off most of a pricey $4 billion bridge loan after receiving $2.8 billion in cash from the sale of some of its oil and natural gas properties in the Permian Basin. Chesapeake's investment bankers on the Permian deal, Goldman Sachs and Jefferies Group, provided the loan.
CHICAGO, Nov 1- CBOE Holdings Inc will soon offer a new set of fee discounts to its most active traders to head off a recent decline in market share for single-stock options, its chief executive said on Thursday. CBOE has boosted fees on contracts it offers exclusively.
Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported a lower quarterly profit that topped expectations, as higher margins from its refining arm countered a 7.5 decline in oil and gas output.
LONDON, Nov 1- Brent crude oil futures fell to $108 a barrel on Thursday as investors continued to analyse the aftermath of super storm Sandy.
LONDON, Nov 1- European shares rose on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro was flat as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.
ATHENS, Nov 1- Greek lawyers launched their defence of a prominent journalist on Thursday charged with breaking private data rules after he published the names of more than 2,000 wealthy Greeks believed to be holding Swiss bank accounts.