GASOLINE FUTURES PULL BACK AS COLONIAL PIPELINE REMAINS SHUT
Gasoline futures pulled back Wednesday as the Colonial Pipeline, the main fuel artery to the East Coast, remained closed.
OIL DROPS ON MUCH BIGGER-THAN-EXPECTED INCREASE IN STOCKPILES
Oil prices dropped sharply as weekly inventory data revealed a much larger-than-expected increase in crude-oil stockpiles.
MAERSK'S PROFIT TUMBLES ON WEAK FREIGHT RATES, LOW OIL PRICES
Danish shipping-and-oil company A.P. Moeller-Maersk said third-quarter profit plunged 43% as sustained weak freight rates and low oil prices continued to batter its performance.
SEMPRA ENERGY PROFIT SOARS, BUT REVENUE MISSES EXPECTATIONS
Sempra Energy said its third-quarter earnings soared thanks to gains related to a pipeline joint-venture deal in its Mexico subsidiary but the energy company's revenue missed expectations.
SPECTRA ENERGY PROFIT CLIMBS WHILE SALES SLIP
Spectra Energy Corp., as it prepares to merge with Canadian pipeline operator Enbridge Inc., posted an increase in income during the latest quarter, helped in part by its field-services segment, which swung to a profit.
TRANSCANADA SWINGS TO LOSS, SELLS ASSETS TO FINANCE PIPELINE DEAL
TransCanada Corp. said it swung to a net loss in the third quarter largely because of a write-off on its Northeast U.S. renewable power generation business, which it has agreed to sell to help fund a major gas pipeline system deal.
STOCKS FALL ON ELECTION JITTERS
U.S. stocks fell a day after jitters about the U.S. presidential election helped send the S&P 500 to a sixth consecutive sessions of declines.
EX-BLACKROCK FUND MANAGER PLEADS GUILTY TO INSIDER TRADING
Mark Lyttleton, a former equities fund manager, pleaded guilty to two counts of insider trading, admitting using information from his job to make personal trades.
ADP PRIVATE PAYROLLS ADD 147,000 WORKERS IN OCTOBER
Private U.S. employers continued to hire at a solid clip in October, another sign the nation's labor market remains strong even as the increase was the lowest since May.
DRILLING CONTRACTOR WEATHERFORD REMAINS WITHIN DEBT COVENANTS
Drilling contractor Weatherford International, whose stock plunged to a 1999 low on Tuesday amid concerns about its balance sheet, said it expects to meet all debt obligations through at least the end of the year.
ALL 33 PEOPLE TRAPPED AFTER CHINA COAL MINE BLAST FOUND DEAD
All 33 coal miners trapped underground in a gas explosion earlier this week have been found dead, state media reported Wednesday, as work-safety officials vowed to punish those responsible.
======== DOW JONES NEWSWIRESANALYSIS AND COMMENTARY ========
URANIUM STOCKPILES DRAIN ENERGY FROM MARKET
Uranium prices, already on the decline in the last five years, have plunged almost 25% in the past six weeks, with demand choked by huge stockpiles and the sense that prices still might fall further.
TESLA SAYS SOLARCITY DEAL WOULD BOOST BALANCE SHEET
SolarCity would add more than $500 million in cash to Tesla's balance sheet during the next three years if the two companies were to merge, the auto maker said.
(END) Dow Jones Newswires
November 02, 2016 11:16 ET (15:16 GMT)
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