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  • US consumer sentiment index reaches 7-year high

    Updated: Fri, Oct 31, 2014

    WASHINGTON (AP) — U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October. The University of Michigan says that its index of consumer sentiment rose to 86.9 from 84.6 in September. That's the...

  • Wal-Mart ups ante on holiday shopping

    Updated: Fri, Oct 31, 2014

    NEW YORK (AP) — Wal-Mart is doing whatever it takes to rope in holiday shoppers however they want to buy. For the first time, Wal-Mart Stores Inc. is offering free shipping on what it considers the season's top 100 hottest gifts, from board games to items related to Disney's hit film...

  • Exxon defies low oil price with refining strength

    Updated: Fri, Oct 31, 2014

    NEW YORK (AP) — ExxonMobil Corp.'s refining and chemical operations rescued the company's third-quarter results amid falling global oil prices and lower oil and gas production. Exxon, the biggest U.S. oil company, posted a surprise increase in profit thanks to a 38 percent increase in...

  • MSG profit jumps on Fuse music TV network sale

    Updated: Fri, Oct 31, 2014

    NEW YORK (AP) — The Madison Square Garden Co., which is mulling splitting into two separate companies, said Friday that its fiscal first-quarter net income soared compared with a year ago as it recorded a gain from selling its music television network Fuse. Shares of the New York...

  • Nissan recalls Infiniti SUVs to fix air bags

    Updated: Fri, Oct 31, 2014

    DETROIT (AP) — Nissan says it's recalling more than 1,800 Infiniti SUVs in the U.S. for an air bag problem that could send shrapnel into the passenger compartment. The recall covers the QX56 SUVs from 2013 and the QX80s from 2014. The company says inflators made by Takata Corp. were...

  • Global stocks get big boost from Bank of Japan

    Updated: Fri, Oct 31, 2014

    SEOUL, South Korea (AP) — Global stocks spiked sharply higher Friday after the Bank of Japan unexpectedly announced new a fresh stimulus to boost the country's flagging economy. Japan's stock benchmark was the main beneficiary, closing nearly 5 percent higher at 16,413.76, its highest...

  • US stocks open higher, following gains in Asia

    Updated: Fri, Oct 31, 2014

    NEW YORK (AP) — U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy. The Standard & Poor's 500 index rose 18 points, or 0.9 percent, to 2,012 as of 9:35 a.m. Eastern time Friday. The Dow Jones industrial average rose 148 points, or...

  • US consumer spending down 0.2 percent in September, first slip in 8 months while income slows

    Updated: Fri, Oct 31, 2014

    WASHINGTON (AP) — US consumer spending down 0.2 percent in September, first slip in 8 months while income slows.

  • Exxon posts surprise profit jump on refining

    Updated: Fri, Oct 31, 2014

    IRVING, Texas (AP) — ExxonMobil Corp. profits rose 3 percent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production. The company said Friday it earned $8.07 billion on revenue of $107.49 billion in the third quarter. Last year...

  • AbbVie beats 3Q profit forecasts

    Updated: Fri, Oct 31, 2014

    NORTH CHICAGO, Ill. (AP) — AbbVie Inc. (ABBV) on Friday reported earnings of $506 million in its third quarter. On a per-share basis, the North Chicago, Illinois-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs and amortization costs, came...

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