Top U.S. oil companies see more pressure to clamp down on spending
HOUSTON (Reuters) – Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow.
U.S. Fed awards most reverse repos in over four weeks
NEW YORK (Reuters) – The U.S. Federal Reserve awarded $186.28 billion in fixed-rate reverse repurchase agreements on Friday, the highest amount in more than four weeks, due to strong investor demand for ultra short-dated, risk-free assets at month-end….
Dollar General extends tender offer for Family Dollar shares again
(Reuters) – Dollar General Corp extended its tender offer for shares of Family Dollar Stores Inc to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc .
Argentina default spreads to Par bonds, risking payment demands
BUENOS AIRES/NEW YORK (Reuters) – Argentina’s debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that the country’s cash-strapped government immediately …
Daimler buys into Agusta as motorbike and car tech converge
FRANKFURT (Reuters) – Daimler AG will buy 25 percent of Italian motorcycle maker MV Agusta – the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety.
AbbVie says strong results lessen need for big deal
(Reuters) – AbbVie, which this month abandoned its planned $55 billion purchase of Dublin drugmaker Shire , reported impressive quarterly earnings on demand for its Humira arthritis drug and said it could deliver strong long-term growth without rushing…
Exxon, Chevron results boosted by refining as oil prices slip
(Reuters) – A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp , helping to offset declining oil and gas production and falling crude oil prices.
U.S. consumer spending falters; wage gains highest since 2008
WASHINGTON (Reuters) – U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.
UBS cannot arbitrate vs Nasdaq over Facebook IPO: court
NEW YORK (Reuters) – A divided U.S. appeals court rejected UBS AG’s bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator’s alleged “catastrophic mismanagement” of Facebook Inc’s $16 billion initial public offering.
Samsung says Microsoft deal invites ‘charges of collusion’: filing
(Reuters) – Samsung said its collaboration with Microsoft on Windows phones raised antitrust problems once Microsoft completed its acquisition of Nokia’s handset business, according to a court filing.
