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Chevron Quarterly Profit Jumps 13 Percent By Clip Syndicate Chevron said on Friday its quarterly profit rose 13 percent as lower crude oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production. The company posted net income of $5.59 billion, or $2.95 per share, compared with $4.95 billion, or $2.57 per share, in the year-ago period. Production fell nearly 1 percent to 2.57 million barrels of oil equivalent per day as new wells failed to offset declines at old wells.

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Hungary Suspends Internet Tax After Huge Protests By Clip Syndicate Hungary's prime minister says the government will suspend a planned tax on Internet usage and reconsider the matter next year after backlash. Two protests within the past week attended by tens of thousands of people were sparked by a scheme to make Internet service providers pay $0.62 per gigabyte of Internet traffic, later proposed to be capped at different monthly rates for individual and business users. ...Read More »
Continental AG CEO Says Audi Recall No Threat To Guidance By Clip Syndicate Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance. "We are the supplier of the system", Continental's Chief Executive Elmar Degenhart told journalists in Munich on Thursday evening, in remarks which were embargoed for Friday. ...Read More »
Futures Rally After BOJ Ramps Up Stimulus By Clip Syndicate U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. * The BOJ's board voted 5-4 to accelerate purchases of Japanese government bonds, increasing its holdings at an annual pace of 80 trillion yen, or $723.4 billion, while tripling its purchases of exchange-traded funds and real-estate investment trusts.

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Uptown Normal Projects Continue to Boost Local Economy By Clip Syndicate A recent study by Good Jobs First says Normal is helping to revitalize the construction industry. ...Read More »
US Stocks Are Mixed In Midday Trading By Clip Syndicate U.S. stocks drifted in Thursday trading as a parade of big companies turn in quarterly results. The Dow Jones industrial average climbed more than 100 points, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock. The Standard & Poor's 500 index picked up five points, or 0.3 percent, to 1,988 as of 12:10 p.m. Eastern time. The Nasdaq composite fell four points, a fraction of a percent, to 4,545.

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Starbucks Americas Sales Weaker Than Expected By Clip Syndicate Starbucks on Thursday reported sales at established cafes in its U.S.-dominated Americas region that missed Wall Street expectations in the latest quarter, despite the early return of the popular Pumpkin Spice latte. Sales at Americas-region Starbucks cafes open at least 13 months rose 5 percent for the fiscal fourth-quarter ended Sept. 28, less than the 6.2 percent gain analysts expected. The Americas region contributes the majority of Starbucks revenue. ...Read More »
Comcast To U.S. Senator: No Plans To Create Internet 'fast Lanes' By Clip Syndicate The top U.S. cable and broadband provider reassured the U.S. Senate Judiciary Committee chairman in a recent letter, Comcast Corp has no plans to create "fast lanes" for any Internet websites or applications. Senator Patrick Leahy last week wrote to top Internet service providers, asking them to pledge to reject so-called paid prioritization deals, in which content companies would pay ISPs to ensure smooth and fast delivery of their traffic. ...Read More »
Thursday Sector Leaders: Education & Training Services, Packaging & Containers By Clip Syndicate In trading on Thursday, education & training services shares were relative leaders, up on the day by about 1.9%. Leading the group were shares of Grand Canyon Education (LOPE), up about 13.1% and shares of Strayer Education (STRA) up about 12.3% on the day. ...Read More »
Thursday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks By Clip Syndicate In trading on Thursday, precious metals shares were relative laggards, down on the day by about 4.6%. Helping drag down the group were shares of Yamana Gold (AUY), off about 13.4% and shares of Iamgold (IAG) off about 12.5% on the day. ...Read More »

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