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  • *Senate passes budget plan that could pave the way for tax cuts. NEW YORK, Oct 20- U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward. "It's just a reaction to the thought that just maybe there might be...

  • Celgene Corp., down $14.63 to $121.33. General Electric Co., up 25 cents to $23.83. Skechers USA Inc., up $9.96 to $33.99.

  • NEW YORK, Oct 20- Marc Faber, the markets prognosticator known as "Dr. U.S-based Sunshine Silver Mining Corp, Vietnam Growth Fund managed by Dragon Capital, and Indochina Capital Corporation, had all dismissed him, Faber told Reuters on Friday,. Faber, a Swiss investor based in Thailand, who oversees $300 million in assets, said he has not lost any client money, and still...

  • *U.S. Senate passes budget plan that could usher in tax reform. NEW YORK, Oct 20- World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Republican Senator Rand Paul appeared to...

  • WILMINGTON, Del., Oct 20- A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders. The ruling by the 2nd U.S. Circuit Court of Appeals found the U.S. Bankruptcy Court...

  • Oct 20- Wells Fargo& Co is facing fresh regulatory scrutiny in both its consumer and institutional businesses, according to reports in the New York Times and Wall Street Journal on Friday, as the third-largest U.S. bank continues to work through a prolonged scandal over its sales practices. The Office of the Comptroller of the Currency criticized Wells Fargo in a...

  • TORONTO, Oct 20- Canada's main stock index saw across-the-board gains on Friday, touching its highest in almost eight months and notching its sixth straight week of gains. The Toronto Stock Exchange's S&P/TSX composite index rose 39.22 points, or 0.25 percent, to finish at 15,857.22. Nine of the index's 10 main sectors advanced, with consumer staples the only...

  • NEW YORK, Oct 20- U.S. stocks rose on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

  • NEW YORK, Oct 20- Jurors were presented with a stark choice during opening statements Friday in the trial of Evan Greebel, the lawyer charged with conspiracy alongside former drug executive Martin Shkreli: was he Shkreli's "right hand man," or a victim of his deceit? Attorney David Kessler told jurors that Greebel helped Shkreli steal millions of dollars from his...

  • NEW YORK, Oct 20- Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years. Led by Janet Yellen since 2014, the Fed is about to allow its $4.5 trillion portfolio of securities to shrink, and in late 2015 it began raising...

  • Sorry Not Sorry, Demi Lovato. Too Good at Goodbyes, Sam Smith. Every Little Thing, Carly Pearce.

  • NEW YORK— Three high-level foreign exchange executives and a currency trader have left Wells Fargo, the bank that has been through several investigations after a scandal over millions of fake accounts and another over auto insurance practices. Wells Fargo confirmed Friday that the employees from the investment bank side of the business were no longer with...

  • *U.S. tax cuts clear budget hurdle in Senate. "This is clearly a picture of somewhat of a risk-on rotation today, and its ignited some of the animal spirits as we take another step closer to the potential for tax reform coming to fruition," said Bill Northey, chief investment officer at the Private Client Group at U.S. Bank in Helena, Montana. Senate approval of a budget...

  • *Kirkuk flows to Ceyhan still at around 200,000 bpd. *Russia's Rosneft takes control of Kurdish oil pipeline. NEW YORK, Oct 20- Oil prices were up slightly on Friday in see-saw trade, ending the week up on support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region after contending with weak demand data.

  • Jurors will begin deliberating Monday in the case of a Massachusetts pharmacist charged with murder in a meningitis outbreak that killed 76 people. Pharmacist Glenn Chin is charged with second-degree murder under federal racketeering law and other crimes. A federal prosecutor says a Massachusetts pharmacist charged in a meningitis outbreak that killed...

  • Aerospace margins widened by an unusually strong 2.9 percentage points in the third quarter, to 21.3 percent, as Honeywell scaled back incentives to plane makers such as free product parts, Chief Financial Officer Tom Szlosek told Reuters. Honeywell's shares were up 1 percent to $145.13 in afternoon trading on the New York Stock Exchange, after rising to a...

  • DETROIT, Oct 20- Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the "average" reliability rating the magazine assigned to the electric carmaker's Model 3 sedan this week, calling it generally "positive" for an all-new vehicle. Tesla criticized the rating on Thursday, saying "it's important to note that Consumer Reports has not yet...

  • *Senate passes budget plan that could pave the way for tax cuts. Oct 20- U.S. stocks rose on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward. There's been extraordinarily low volatility, "said Hank Smith, co-chief investment officer at Haverford Trust in Radnor, Pennsylvania.

  • NEW YORK, Oct 20- General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. But the stock rebounded and was up 0.4 percent at $23.65 after new Chief Executive John Flannery said he will focus the...

  • NEW YORK, Oct 20- Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies. On Friday, bitcoin hit a record peak $6,000.10 on the BitStamp platform, and was last at $5,964.24,...