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On the Calendar:  Monday, 10/27/2014
BOOKMOBILE OUTREACH: Union Parish Elementary 10:00-3:00 (1st Grade, pre-k & kindergarten) Calendar

Business
News provided by Yahoo
Wall St. ends lower after shooting at Canada parliament

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks fell in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results. The Dow Jones industrial average fell 151.05 points, or 0.91 percent, to 16,463.76, the S&P 500 lost 14.04 points, or 0.72 percent, to 1,927.24 and the Nasdaq Composite dropped 36.63 points, or 0.83 percent, to 4,382.85. (Reporting by Yasmeen Abutaleb; Editing by Nick Zieminski)

Wed, 22 Oct 2014 16:04:52 -0400
U.S. inflation muted in September as energy costs drop

Current gas prices are shown at a Shell gas station in Encinitas, CaliforniaBy Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices. ...

Wed, 22 Oct 2014 15:56:22 -0400
Boeing profit jumps 18 percent; raises 2014 earnings view

The Boeing logo is seen at their headquarters in ChicagoBy Alwyn Scott (Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares of the Chicago-based aerospace and defense giant slipped 1.5 percent in early trading, as analysts viewed the profit gain as a given and raised concern about signs that the costs of the 787 Dreamliner were creeping higher. The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1. ...

Wed, 22 Oct 2014 10:09:27 -0400
U.S. regulators expand number of vehicles affected by Takata recalls

File photo of the Takata logo at its factory near MonclovaBy Ben Klayman DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants. The U.S. National Highway Traffic Safety Administration (NHTSA) said in a statement the number of vehicles from 10 automakers covered by recalls this year and in 2013 is now 7.8 million, up 28 percent from the 6.1 million announced on Tuesday. ...

Wed, 22 Oct 2014 11:47:08 -0400
UK's Lloyds to cut 9,000 jobs over next three years: sources

The signage is seen at a branch of Lloyds bank in central LondonLONDON (Reuters) - Lloyds Banking Group will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on Wednesday. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Executive Antonio Horta-Osorio's strategy review next Tuesday, the sources said. Horta-Osorio's new three-year plan is expected to include the closure of some branches as the bank responds to a growing number of transactions being executed online, and the automation of some back-office functions. ...

Wed, 22 Oct 2014 14:37:54 -0400
Total names refining boss to replace de Margerie

Thierry Desmarest, Chairman of French oil company Total, speaks during the company's annual shareholders meeting in ParisBy Michel Rose PARIS (Reuters) - French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Pouyanne, 51, head of refining, had been considered as possible candidate to succeed de Margerie in the past and has a reputation as a shrewd cost-cutter. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. The appointments came less than 48 hours after de Margerie's death. ...

Wed, 22 Oct 2014 11:40:34 -0400
Divided SEC adopts mortgage rule, decries lax lending

A sign for the SEC is pictured in the foyer of the Fort Worth Regional Office in Fort WorthBy Sarah N. Lynch WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk retention" rule by a 3-2 vote, while the U.S. Federal Reserve unanimously adopted it later in the day in a public board meeting. ...

Wed, 22 Oct 2014 16:47:54 -0400
Dow Chemical to cut $1 billion in costs over three years

Dow Chairman and CEO Liveris participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New YorkBy Swetha Gopinath (Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Shares of the company, which reported a better-than-expected profit for the fourth straight quarter, rose nearly 4 percent. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019. Dow, which said it had been cutting fixed costs annually by 3 percent since 2012, did not elaborate on the latest cost cuts. ...

Wed, 22 Oct 2014 11:39:32 -0400
Toyota executive stands by Takata as supplier despite air bag troubles

Worker is reflected next to the emblem of a Toyota Vios sedan at a stockyard of the Toyota Philippines manufacturing plant in Sta Rosa, Laguna, south of ManilaBy Maki Shiraki TOKYO (Reuters) - A top Toyota Motor Corp executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants. U.S. safety regulators on Wednesday expanded the number of vehicles in the United States affected by recalls for this problem by 28 percent to 7.8 million vehicles. Toyota has the second largest number of vehicles affected by the U.S. recalls at 877,000, trailing only Honda Motor Co's 5.1 million vehicles, according to the U.S. ...

Wed, 22 Oct 2014 10:06:40 -0400
Look to energy names for global demand clues

A Wall Street sign is pictured in the rain outside the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit. The third-quarter earnings picture for energy looks grim. Profit growth expectations for S&P 500 energy companies have fallen more than any other sector - from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. Energy shares dropped 9. ...

Fri, 24 Oct 2014 21:02:21 -0400
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