Conoco turns homeward for oil growth
(Reuters) – ConocoPhillips , abandoning higher-risk assets in favor of oilfields closer to home, said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria.
No shutdown in U.S. Midwest as business activity index surges
WASHINGTON (Reuters) – Business activity in the U.S. Midwest surged past expectations in October as new orders hit their highest level since 2004, countering recent evidence of soft economic growth.
Facebook shares back on roller-coaster, but analysts see value
(Reuters) – More than a dozen brokerages increased their price targets on Facebook Inc shares on Thursday.
New York Times revenue rises on subscriptions
(Reuters) – New York Times Co reported higher third-quarter revenue on Thursday after more readers paid for its flagship newspaper and its digital products.
France investigates chairman of Swiss bank Reyl: source
PARIS (Reuters) – France’s prosecutor has opened a tax-evasion probe into Dominique Reyl, chairman of Swiss private bank Reyl, as part of a broader investigation into a former French budget minister’s undeclared Swiss bank account, a judicial source to…
Suntech to challenge involuntary bankruptcy petition
(Reuters) – Suntech Power Holdings Co Ltd said it intended to challenge a petition for involuntary bankruptcy filed against it in the United States by some bondholders.
Britain pledges public access to tax evasion-busting database
LONDON (Reuters) – A new database of company ownership details, designed to expose international money laundering and tax evasion schemes, will be opened up to public scrutiny, British Prime Minister David Cameron said on Thursday.
U.S. jobless claims declined by 10,000 last week
WASHINGTON, Oct 31 – The number of Americans filing new claims for unemployment benefits declined largely as expected last week as the impact of a California computer glitch worked its way out of the report.
Facebook shares recover as investors shrug off falling usage
(Reuters) – Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users.
Danske quits Ireland as new CEO accelerates restructuring
COPENHAGEN (Reuters) – Seven weeks into the job, the head of Denmark’s biggest financial institution Danske Bank has decided to largely pull out of Ireland, abandon profit targets and cut more jobs.
