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  • *Honeywell erases gains after warning of slower China growth. NEW YORK, Oct 19- The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter& Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. The consumer staples sector, which has underperformed the...

  • Hedging activity increased in October in the yen, Australian and New Zealand dollars versus the greenback for maturities as far out as one year, strategists said. Polls suggest the most likely outcome will be Democrats winning control of the House of Representatives with Republicans retaining the Senate. "There has been a rise in hedging activity across all...

  • President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday. Friday's meeting in Arizona will include executives from BAE Systems Plc, which makes howitzers...

  • *WTI in contango as Cushing stockpiles expected to rise. NEW YORK, Oct 19- Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity. Brent crude futures rose 49 cents to settle at $79.78 a...

  • EXCLUSIVE-CROWDSTRIKE INC HIRES GOLDMAN SACHS GROUP INC TO LEAD 2019 INITIAL PUBLIC OFFERING- SOURCES.

  • NEW YORK/ SAN FRANCISCO, Oct 19- Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday. CrowdStrike is the latest in a wave of Silicon Valley startups, including ride hailing firms Uber...

  • Oct 19- More than 118,000 homes and businesses in Florida and Georgia were still without power on Friday in the aftermath of Hurricane Michael, power companies said. In total, more than 3.3 million customers lost power from Florida to New York after Michael struck the Florida Panhandle on Oct. 10 as a Category 4 storm with maximum sustained winds of 155 miles per...

  • DETROIT, Oct 19- General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. Ahead of third-quarter results due on Oct. 31, GM shares are trading about 6 percent below the $33 per share price at which they launched in 2010 in a post-bankruptcy initial public...

  • Treasury yields rose on Friday, with the 10- year yield hovering near a one-week high as traders pared safe-haven bond positions stemming from hopes for reduced tension between Italy and the European Commission over the country's debt-laden budget. They offset worries about rising borrowing costs, U.S.- China trade tensions and strained relations...

  • Spot gold was up 0.1 percent to $1,225.75 an ounce by 3:14 p.m. EDT. U.S. gold futures settled down $1.4, or 0.11 percent, at $1,228.7. "The technical posture of gold in near term basis has improved remarkably in the past two weeks," said Kitco Metals senior analyst Jim Wyckoff, adding that the volatility seen in the stocks markets worldwide recently has also been...

  • WASHINGTON, Oct 19- The U.S. Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners. On Jan. 19, 2017- a day before Donald Trump took office as president- the EPA had proposed standards to regulate byproduct...

  • NEW YORK, Oct 19- The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter& Gamble Co were balanced by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic growth. "When companies like give good earnings and provide good guidance, that's a good thing for the market overall," said J.J. Kinahan,...

  • *WTI in contango as Cushing stockpiles expected to rise. NEW YORK, Oct 19- Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were headed for a second weekly decline on swelling U.S. inventories and concern that trade wars were curbing economic activity. Brent crude futures rose 49 cents to settle at $79.78 a...

  • OTTAWA, Oct 19- The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C $60 billion. Last year, Defence Minister Harjit Sajjan said Canada would spend between C $56 billion and C $60 billion on 15 ships to be known as Canadian Surface Combatants.

  • NEW YORK, Oct 19- JPMorgan Chase& Co said on Friday that it was building a new "fintech campus" in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments. The division last year bought WePay, a young Silicon Valley- based firm that specializes in connecting payment software with bank networks. Matt Kane, chief executive...

  • NEW YORK, Oct 19- Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers. Blackstone Group's EQ Office, private equity firm Rubenstein Partners LP and others have turned to "...

  • Oct 19- Iron ore miner Cleveland Cliffs Inc Chief Executive Officer Lourenco Goncalves went on a rant against financial analysts on a quarterly earnings conference call on Friday, saying some analysts could not "read numbers." In response to a question from B. Riley analyst Lucas Pipes, Goncalves slammed analysts and what he called their lack of understanding...

  • NEW YORK/ LONDON, Oct 19- Raw sugar futures settled higher on Friday, supported by the strong currency in top-grower Brazil, while cocoa prices rose on positive grind data from North America and Asia. *March raw sugar settled up 0.02 cent, or 0.14 percent, at 13.89 cents per lb, more than 6 percent higher on the week, close to the previous session's eight-month high of...

  • Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12. The U.S. Treasury Department imposed sanctions in April against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including automaker Gaz, citing "malign...

  • As of 12:40 p.m. CDT, Chicago Board of Trade November soybean futures were down 4-1/ 2 cents at $8.59 per bushel. Soybeans turned lower, retreating from early gains, after the U.S. Department of Agriculture said private exporters cancelled sales of 180,000 tonnes of U.S. soybeans to China, the world's biggest buyer. The USDA said exporters also cancelled another...