Texaco filed several lawsuits in the 1990 s accusing Ecuador of violating the contract. Calls for comment to a lawyer for Ecuador and the Ecuadorean embassy in Washington were not immediately returned. In the case at hand, Chevron initiated an arbitration proceeding at The Hague in 2006, claiming the Ecuadorean courts failed to resolve the lawsuits in a...» Read More
*Copper ends near 6- week lows, gold slips below $1,700. NEW YORK, Oct 24- Brent crude fell for a seventh straight session on Wednesday, hitting 12- week lows after a sharp build in U.S. oil stockpiles, while most other commodities slid too as the dollar remained strong against the euro. Wheat futures hit one-month highs in Europe and a three-week peak in Chicago trade.
*SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.
*Wall St falls after end of two-day Fed policy-making meeting. NEW YORK, Oct 24- Global shares fell on Wednesday after the Federal Reserve stuck to its plan to keep stimulating U.S. growth, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.
WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to the highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.
NEW YORK, Oct 24- Westinghouse Electric Co, a unit of Japan's Toshiba Corp, will rely on Intel Corp's McAfee unit to prevent network intrusions into nuclear power plants that it builds, the two companies said on Wednesday.
*Boeing shares down 0.3 pct, General Dynamics up 2.3 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and solid margins despite weakening sales.
SEATTLE-- An elderly, bankrupt Seattle real-estate developer who vanished with his wife after a judge demanded they hand over two huge diamonds was arrested Wednesday in a lake town in the French Alps. Police arrested Michael Mastro, 87, and his wife, Linda, at the request of American authorities, said Kayla Celaya, a supervisory deputy with the U.S.
*Dow down 0.1 pct, S&P 500 off 0.2 pct, Nasdaq off 0.2 pct. *Boeing dips after results, but housing shares rise. NEW YORK, Oct 24- U.S. stocks edged lower on Wednesday after the Federal Reserve stuck with its plan to keep stimulating the U.S. economy until the job market improves.
WASHINGTON, Oct 22- Nobody wants to feel sorry for life insurance companies. They're just the annoying folk who make you think about death, cash your checks, and then give you grief if you ever have to file a claim, right?
HOUSTON-- Engineering company and contractor KBR Inc. said Wednesday that it lost money in the third quarter as it wrote down the value of a 2010 acquisition. KBR bought Chicago- based Roberts& Schaefer in December 2010 for $280 million.
*Treasury auctions $35 billion of 5- year notes. NEW YORK, Oct 24- Prices for U.S.
MANHATTAN BEACH, Calif.-- Shoe designer and retailer Skechers USA Inc. said Wednesday that its net income rose 39 percent as revenue from its wholesale division and its own stores grew. Net income for the three months ended Sept. 30 rose to $11.6 million, or 22 cents per share, from $8.4 million, or 17 cents per share, last year.
PERRYSBURG, Ohio-- Owens-Illinois reported a 28 percent drop in quarterly net income on Wednesday, as the economic slowdown in Europe weighed on the company's results. Sales fell 7 percent to $1.74 billion, compared with $1.86 billion in the same quarter of 2011. Sales to Europe sank 15 percent to $652 million compared with the year before.
AUSTIN, Texas-- The Texas Public Utility Commission is likely to double the price cap on wholesale electricity to encourage more generation.
*Delta a penny shy of estimates as US Airways beats. *Delta shares slide 1.6 pct; US Airways up 2.3 pct. Oct 24- U.S. carriers Delta Air Lines and US Airways Group turned in higher quarterly profits on Wednesday and indicated revenue trends looked to be improving following a soft September.
*Fed continues with $40 billion/ month bond buying. WASHINGTON, Oct 24- The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.
BOSTON-- Massachusetts regulators in 2004 proposed a formal reprimand for a company now linked to deadly meningitis outbreak, but they never delivered it after the company protested the reprimand could be "fatal to the business."
HIGH FLIER: US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer season. MERGER IN MIND: The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.
NORTH SIOUX CITY, S.D.-- Lawyers for ABC News are asking to have a defamation lawsuit against the company filed by a South Dakota beef processing plant transferred from circuit court to federal court. Beef Products Inc. sued ABC News Inc. for defamation over its coverage of a meat product that critics dub "pink slime."