MEXICO CITY, May 29- Mexico's oil regulator voted on Friday to relax rules on bidding terms and contracts that form the first step in a historic sector opening that kicks off this summer with the public auction of 14 shallow water fields. The July auction will mark the first of five packages of oil fields up for grabs, part of a so-called Round One tender that follows...» Read More
PORTLAND, Ore.-- Precision Castparts Corp. said Thursday its fiscal second-quarter net income rose 13 percent on demand for commercial airplane parts and the benefit of recent acquisitions. The company earned $332.7 million, or $2.29 per share, compared with $294.7 million, or $2.07 per share, a year earlier.
SEOUL, South Korea-- It's almost a rite of South Korean politics: As a president's single five-year term nears its end, a feeding frenzy of aggressive corruption allegations begins. On Thursday, special prosecutors summoned Lee's son, Lee Si- hyung, for questioning over a now scrapped deal to buy land for Lee's retirement home. Lee Si- hyung bought part of the land.
The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
Royal Dutch Shell plc, Europe's largest oil company, is expanding its substantial presence in the North Sea with a $525 million purchase of stakes in oil fields there from Hess Corp.. The fields are operated by a separate company, Apache Corp.. Hess, which is based in New York, has sold off $2.4 billion worth of assets this year.
BEIJING-- Police in a heavily Tibetan region of far west China are offering tipsters a reward of $7,700 for information about planned self-immolations in a bid to stem a tide of fiery protests against Chinese rule.
TRENTON, N.J.-- The Christie administration believes it has made it easier for New Jersey homeowners facing foreclosure to qualify for federal aid, but those on the front lines say problems remain.
INDIANAPOLIS-- Shopping mall operator Simon Property Group said Thursday that a key measure of profitability rose in its third quarter as rents increased and occupancy improved. Simon Property Group Inc.' s funds from operations, or FFO, rose to $720.1 million, or $1.99 per share, from $606.2 million, or $1.71 per share, a year earlier.
Japan's Coast Guard said the four Chinese surveillance ships were spotted within a 22- kilometer zone that Tokyo considers its territorial waters near one of the disputed islands in the East China Sea early Thursday morning. Japan's Foreign Ministry lodged a strong protest with China's ambassador in Tokyo.
*Macau gaming sector strong after positive Wynn, Galaxy Q3 earnings. HONG KONG, Oct 25- Hong Kong shares eked out a tenth straight gain on Thursday, but a rally that has taken the Hang Seng Index to 2012 highs showed signs of fatigue as investors took profits on outperformers.
LONDON, Oct 25- Britain rebounded strongly from recession in the third quarter, posting its strongest quarterly GDP growth in five years, boosted at least in part by robust Olympics spending, official data showed on Thursday. But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red.
NEW YORK-- Stock futures edged higher Thursday with some positive numbers coming out of the manufacturing sector and potentially more evidence of an improving jobs picture. The report from the Commerce Department on orders for long-lasting U.S. manufactured goods shows a surge in September, the largest in nearly three years.
WASHINGTON-- U.S. orders for long-lasting U.S. manufactured goods surged in September, buoyed by a jump in volatile aircraft orders that offset another weak month of business investment. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.
*Yuan surges to new all time record high. *Closes at strong-side limit of daily trading band. SHANGHAI, Oct 25- China's yuan closed at a record high on Thursday after hitting the strong-side limit of the central bank's daily trading band as a result of heavy demand as firms unwound long dollar positions built up in the first half of the year.
NEW YORK-- Analysts expect Amazon.com Inc. to report another quarter of double-digit revenue growth Thursday after the market closes. Susquehanna analyst Herman Leung expects Amazon to meet Wall Street's expectations and give "conservative" guidance for the holiday shopping season. Amazon's stock rose $1.70 to $230.19 in premarket trading Thursday.
NEW YORK-- Zynga Inc.' s battered stock got a boost in premarket trading Thursday after the social gaming company's third-quarter results may have given some investors hope that it will be able to revive growth. Zynga's shares rose 31 cents, or 15 percent, to $2.44 before the stock market opened.
NEW YORK-- Shares of Crocs Inc. slid in premarket trading Thursday, a day after the shoe company issued disappointing guidance for the fourth quarter. The Niwot, Colo., company said late Wednesday it earned 49 cents per share in the third quarter, beating the average analyst estimate by 6 cents.
Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with the Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.
RICHMOND, Va.-- Dominion Resources says its third-quarter net income tumbled nearly 47 percent because of costs related to the permanent shutdown of one of its nuclear power stations and plant outages.
LONDON-- Carmaker Ford announced Thursday it will cut 1,500 jobs in Britain, closing a plant and eliminating a stamping and tooling facility, as it warned that losses in Europe will exceed $1.5 billion this year. Ford Motor Co., which on Wednesday announced the closure of another plant in Brussels, is struggling in Europe, as are many major carmakers.
BEIJING, Oct 25- Wal-Mart Stores Inc has given global suppliers five years to comply with its environmental rules or risk being pushed off U.S. shelves at the world's largest retailer, expanding a sustainability campaign launched in 2009..