LONDON, Oct 25- Yield-hungry pension funds and sovereign wealth funds are stepping in where crisis-hit, regulation-laden banks are pulling back: lending to cash-starved businesses.
OSLO, Norway-- Norwegian Air Shuttle, one of Europe's fastest-growing airlines, has posted a 27 percent increase in third-quarter net profits on the back of a significant increase of passengers. Thursday's report showed the company made a net profit of 628 million kroner, up sharply from the 495 million kroner recorded in the same three months a year ago.
The biggest bank in the Nordic region has warned that demand remains weak and competition for deposits remains intense, even as some of the risks from the euro zone debt crisis have subsided.
LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.
HOUSTON-- Weak activity in North America and the falling number of operating rigs in the worldwide drove third-quarter net income down by 61 percent at Baker Hughes. "Activity was less than planned in several key geomarkets for Baker Hughes, resulting in an unfavorable mix," said CEO Martin Craighead. "
KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.
PARIS-- The burglars dashed out the back door with seven masterworks, then sped on screeching tires into the night. If the thieves who robbed Rotterdam's Kunsthal exhibition this week don't have a plan, the stolen art could quickly become a burden.
Norway, which chose to remain outside the EU and the euro currency, enjoys an enviably stable economy and a booming housing market — but it could be going down the perilous route taken by Spain and Ireland, according to economists and recent analysis.
_ 2010: Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, of Britain and Cyprus, for their analysis of markets with search frictions. _ 2005: Robert J. Aumann, of Israel and the United States, and American Thomas C. Schelling, for their work in game-theory analysis.
ANKARA, Turkey-- Passengers, some in a panic, were evacuated from a plane at Turkey's Antalya airport early Sunday after crew members reported smoke inside the cockpit, airline officials and state media said.
ANKARA, Turkey-- Turkey's state-run news agency says passengers, some in a panic, were evacuated from a plane at the Antalya airport after reports of a cockpit fire. The Anadolu Agency says the crew detected smoke on the Trondheim, Norway- bound plane as it readied for take-off early Sunday.
The company, formed by Seadrill Ltd, counts Chevron Corp, BP Plc and ExxonMobil Corp. Seadrill Partners plans to use the proceeds from the offering to acquire stakes in two operating units of Seadrill Ltd, the company said in a regulatory filing.
Then, out of the blue, after three years of back-biting and seemingly daily financial crisis, the European Union won the Nobel Peace Prize for fostering peace on a continent long ravaged by war.
*British Gas prices to rise 6 pct from Nov. 16. LONDON, Oct 12- Two of Britain's biggest energy suppliers are raising their prices just as millions of cash-strapped consumers switch on their central heating for the winter, saying higher costs made the move unavoidable.
LONDON, Oct 12- Asian spot prices of liquefied natural gas steadied this week amid early signs that potential supply disruption from Nigeria and Indonesia may offset weak Japanese demand.
OSLO, Oct 12- Output from Statoil's Troll natural gas field offshore Norway has been reduced due to safety issues, gas system operator Gassco said on Friday, raising concern about supply safety after a string of outages.
OSLO, Oct 12- Storebrand Bank ASA.
OSLO, Norway-- For fostering peace on a continent ravaged by war, the European Union won the Nobel Peace Prize on Friday.
LONDON, Oct 12- Formula One's USD1bn high-yield private placement proves investors will lend large amounts of cash to top quality businesses, even for aggressive dividend recapitalisations, and could pose a challenge for banks if it becomes a broader trend.
OSLO, Norway-- The European Union won the Nobel Peace Prize on Friday for promoting peace and democracy in Europe _ an honor that came as 27- nation bloc was struggling with its biggest crisis since it was created in the 1950 s.