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Thursday, November 1, 2012

Business Today: Exxon quarterly profit falls 7 percent

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11/1/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Exxon quarterly profit falls 7 percent
(Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported a lower profit, as a 7.5 percent drop in oil and natural gas production and weaker commodity prices took a toll.
Ford executives may reveal CEO succession
(Reuters) - Ford Motor Co's top executives may announce succession plans for CEO and President Alan Mulally at a 9 a.m. EDT (1300 GMT) conference call this morning.
Jobless claims fall; NJ, DC estimated due to storm
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction.
Kellogg profit rises, keeps outlook
(Reuters) - Kellogg Co reported higher quarterly profit on Thursday, helped by strong performance in its Pringles business.
Stock futures imply steady open, JDA rallies
NEW YORK (Reuters) - Stock index futures pointed to a steady open on Thursday as investors continued to deal with the aftermath of the massive storm Sandy in the northeast, which had forced a historic two-day market closure earlier this week.
Private sector adds most jobs in 8 months in Oct
NEW YORK (Reuters) - Companies added 158,000 jobs in October in the biggest gain in eight months, data from a payrolls processor showed on Thursday in a revamped report on the private sector labor market.
Rite Aid says eight stores substantially damaged by Sandy
(Reuters) - Rite Aid Corp said on Thursday that Hurricane Sandy substantially damaged eight of its stores and it expects the storm will hurt comparable sales in November, after boosting some sales late in the month as shoppers planned ahead.
Productivity increases modestly, unit labor costs drop
WASHINGTON (Reuters) - Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly.
Chrysler says October car sales best in five years
(Reuters) - Chrysler Group LLC said Thursday that October car sales were the best in five years.
Avon slashes dividend as profit plunges
(Reuters) - Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years in moves designed to shore up its finances while it new chief executive officer works on a turnaround.
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