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  • WALLDORF, Germany Oct 18- SAP, Europe's most valuable tech company, will continue to do business in Saudi Arabia, a top executive told Reuters, saying he hoped the circumstances of the disappearance of journalist Jamal Khashoggi are clarified. Mucic had not been planning to attend a conference in Saudi Arabia next week that has been hit by high-profile...

  • Oct 18- U.S. steelmaker Nucor Corp on Thursday reported a third-quarter profit that nearly tripled as a strong U.S. economy and President Donald Trump's hefty tariffs on steel imports supported robust growth in both shipments and prices. Net income attributable to shareholders rose to $676.66 million in the third quarter ended Sept. 29 from $254.85 million a...

  • Oct 18- Textron Inc is one year behind schedule on benefiting from the acquisition of all-terrain vehicles maker Arctic Cat, the company said on an earnings call on Thursday, blaming the unit's management for "unfavorable operating performance". "When you have something like that going on at the business, it creates enough chaos that drives down the operating...

  • Oct 18- U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve's minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week's brutal selloff. Lindsay Corp dropped 5 percent after the water filtration equipment maker warned weakness...

  • WASHINGTON, Oct 18- New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 210,000 for the week ended Oct. 13, the...

  • MEMPHIS, Tenn., Oct 18- The Federal Reserve's most recent interest rate increase put monetary policy about where it should be, with no further hikes required in an economy where inflation remains weak, St. Louis Fed President James Bullard said on Thursday, pressing an argument he has made over the past two years. In prepared remarks for an appearance at the Economic...

  • LONDON, Oct 18- Philip Morris International, maker of Marlboro cigarettes among others, reported higher than expected quarterly sales and profit on Thursday, helped by its IQOS tobacco-heating device. The company reported third-quarter earnings per share of $1.44, ahead of $1.27 in the same period last year and analysts' average estimate of $1.28, according to...

  • *Business could be worth around $11 billion. ZURICH/ FRANKFURT, Oct 17- ABB is exploring a sale of its Power Grids business, people familiar with the matter told Reuters, representing a U-turn by Chief Executive Ulrich Spiesshofer who defied activist shareholders to keep the unit two years ago. Credit Suisse and investment banking boutique Dyal Co, led by former...

  • NEW YORK, Oct 18- U.S. Treasury yields held earlier gains on Thursday as domestic jobless claims fell last week, while business activity data from the Philadelphia Federal Reserve declined less than forecast in October. At 8:38 a.m., benchmark 10- year Treasury yield was 3.205 percent, up 2.6 basis points from late on Wednesday, while the 30- year yield was 3.373...

  • TREASURY YIELDS HOLD AT HIGHER LEVELS AFTER JOBLESS CLAIMS, PHILLY FED BUSINESS DATA; 10- YEAR YIELD LAST AT 3.205 PCT.

  • BRUSSELS, Oct 18- The European Union will seek Asian support for free trade, the Iran nuclear deal and fighting global warming at a regional summit on Thursday that includes China, Japan and Russia as a counterbalance to a more protectionist United States. Leaders from the EU, Switzerland and Norway will welcome 21 Asian counterparts including Chinese Premier...

  • Oct 18- Data analytics and security company Palantir Technologies Inc is weighing an initial public offering with a valuation of as much as $41 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Palantir is discussing with investment banks Credit Suisse Group AG and Morgan Stanley and plans to go public as soon as the...

  • Oct 18- Chicago soybean and corn futures eased on Thursday, as investors expected drier weather to let harvesting pick up in the U.S. The most-active soybean contract on the Chicago Board of Trade fell 0.9 percent to $8.78-1/ 4 a bushel by 1200 GMT. CBOT corn lost 0.5 percent to $3.72-1/ 2 a bushel, while wheat edged up 0.1 percent to $5.18-1/ 4 a bushel.

  • MOSCOW, Oct 18- Russia's finance ministry may use the National Wealth Fund to lend money for the construction of a nuclear power plant in Egypt starting from 2020 or 2021, First Deputy Prime Minister Anton Siluanov told reporters on Thursday. Siluanov, who is also finance minister, said Russia would provide finance for the project annually of between $3 billion...

  • President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies. If China had continued to buy increasing volumes of U.S. crude, LNG and coal, this would have been far more effective at lowering the trade deficit than Trump's chosen path of imposing tariffs on...

  • *Q3 profit $0.61 vs est $0.76. *Revises 2018 EPS range to $3.20- $3.30, from $3.15- $3.35. Turboprop sales sank to 43 planes from 57 a year earlier, reducing revenue in the company's main Aviation unit by 2 percent and helping drag profit down to 61 cents per share, well below Wall Street's estimate of 76 cents.

  • Spot gold was up 0.2 percent at $1,224.38 an ounce by 1138 GMT. U.S. gold futures were flat at $1,227.40. "Overall, we have been technically breaking above the previous highs, so it will be difficult for gold prices to move below that," said ABN AMRO analyst Georgette Boele.

  • EXCLUSIVE- ACADIA HEALTHCARE IN TALKS WITH PRIVATE EQUITY FIRMS AFTER ATTRACTING BUYOUT INTEREST- SOURCES.

  • LONDON, Oct 18- Nestle and Unilever, two of the world's biggest consumer goods makers, both reported a pick-up in quarterly sales on Thursday after getting higher prices for their products. Unilever-- the Anglo-Dutch maker of Dove soap which dropped plans to move to the Netherlands this month after British investors rebelled- said it expects more price rises to...

  • FORMER FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN SAYS THIS IS THE TIGHTEST LABOUR MARKET HE HAS EVER SEEN- CNBC INTERVIEW.