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Exxon 3Q profit falls 38 percent on lower oil prices

David Koenig, Associated Press  |  Posted  Oct 28th - 7:01am

Exxon's profit keeps shrinking because of lower oil prices, and the company is responding by sharply cutting investment in future production.

BMW recalls over 154K vehicles because engines could stall

The Associated Press  |  Posted  Oct 28th - 7:00am

BMW is recalling more than 154,000 cars and SUVs in the U.S. and Canada to fix a wiring problem that can cause engines to stall.

US economy grew at 2.9 percent rate in third quarter

Martin Crutsinger, Associated Press  |  Posted  Oct 28th - 6:53am

The U.S. economy grew at a 2.9 percent rate in the July-September quarter, the strongest pace in two years, as the battered export sector rebounded and businesses finally began restocking their shelves at a faster clip.

Venezuelans step up pressure on Maduro with 12-hour strike

The Associated Press  |  Posted  Oct 28th - 6:50am

Stores and schools are closed and rush-hour traffic noticeably lighter as many residents in Venezuela's capital have stayed home to express their opposition to President Nicolas Maduro.

Austria, Germany: mineral oil traces in some sweets

The Associated Press  |  Posted  Oct 28th - 6:50am

Traces of mineral oil in some brands of bitter chocolate and a doughnut variety have led several Austrian supermarkets and IKEA Germany to pull products off their shelves. But others have not followed suit.

Beer giant AB InBev winds back revenue forecast

The Associated Press  |  Posted  Oct 28th - 6:50am

Belgium-based beer maker Anheuser-Busch InBev has scaled down its revenue forecast for this year following poor results in Brazil.

US wages, benefits rise 0.6 percent in third quarter

Paul Wiseman, Associated Press  |  Posted  Oct 28th - 6:41am

Wages and benefits paid to U.S. civilian workers grew at a steady pace in the third quarter.

US economy grew at 2.9 percent rate in Q3, strongest in 2 years, helped by export rebound

The Associated Press  |  Posted  Oct 28th - 6:31am

US economy grew at 2.9 percent rate in Q3, strongest in 2 years, helped by export rebound.

No injuries after Pence plane slides off runway in NYC

Will Weissert, Associated Press  |  Posted  Oct 28th - 6:11am

Republican vice presidential candidate Mike Pence's campaign plane slid off a runway during a rainstorm at New York's LaGuardia Airport late Thursday, tearing up concrete before coming to rest on a patch of grass.

Insurer accuses Memphis recording studio of fraud after fire

The Associated Press  |  Posted  Oct 28th - 6:00am

An insurance company that paid more than $2.8 million in claims after an arson fire damaged an historic Memphis music recording studio has now accused a rock music label company of fraud and wants its money back.

Global stocks steady, dollar rises ahead of US GDP data

Yuri Kageyama, Associated Press  |  Posted  Oct 28th - 5:40am

Global stock markets were steady and the dollar made further gains Friday ahead of a report on U.S. economic growth in July-September.

Eni posts another loss under pressure from low oil prices

The Associated Press  |  Posted  Oct 28th - 5:12am

Italian oil and gas company Eni reported Friday a third quarter loss that was worse than expected, under pressure from persistently low prices and the shutdown of a key Italian plant.

French lawmakers want higher taxes on Airbnb renters

The Associated Press  |  Posted  Oct 28th - 5:03am

French lawmakers backed on Friday a proposal to increase taxes on people renting their homes, cars and other goods on the internet when their earnings exceed a certain amount.

Upstart Pirate Party senses victory in Iceland elections

Jill Lawless, Associated Press  |  Posted  Oct 28th - 4:40am

The past few years have been stormy for Iceland, a country threatened by volcanoes and brought low by bankers. Now, Icelanders are thinking of putting their trust in pirates.

UK tribunal to rule on work benefits for Uber drivers

The Associated Press  |  Posted  Oct 28th - 4:40am

A British employment tribunal is expected to rule on whether Uber drivers are employees in a case that challenges the ride-sharing service's business model.

Hong Kong regulators probe UBS on initial public offerings

The Associated Press  |  Posted  Oct 28th - 4:33am

Swiss bank UBS said Friday that Hong Kong regulators are investigating its work on some initial public offerings on the southern Chinese financial center's stock market.

Royal Bank of Scotland's profit hit by litigation and costs

Danica Kirka, Associated Press  |  Posted  Oct 28th - 3:50am

Royal Bank of Scotland said Friday that it swung to a loss in the third quarter as the taxpayer-controlled lender was stung by charges for past bad behavior.

State, federal agency seek damages for Yellowstone oil spill

The Associated Press  |  Posted  Oct 28th - 3:20am

The state of Montana and U.S. Department of Interior say they'll seek compensation for environmental damages caused by a 30,000-gallon pipeline spill into the Yellowstone River.

Novo Nordisk takes beating after slashing full-year growth

The Associated Press  |  Posted  Oct 28th - 2:30am

Danish drug maker Novo Nordisk says it has lowered its long-term guidance for 2016 due to a difficult U.S. market, sparking a nearly 14 percent drop in share prices in early Friday trading in Copenhagen.

Policy Prescriptions: Trump and Clinton on military defense

Robert Burns, Associated Press  |  Posted  Oct 28th - 1:50am

Donald Trump calls the U.S. military "depleted." It urgently needs more planes, ships, troops and nuclear weapons, he says, to ensure American predominance in the world.