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BP Q3 underlying profit down on lower output

London-based BP reported lower underlying third quarter profits on Tuesday as falling production, after the oil major sold fields to pay for the Gulf of Mexico oil spill, outweighed the benefits of higher crude prices.

BP says output fall has bottomed out

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BP has turned the corner in its recovery from the Gulf of Mexico oil spill, the British oil major said on Tuesday, predicting production growth and an almost 50 percent increase in planned divestments to $45 billion.
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Zynga will reportedly go public on Nov. 17, just one week before Thanksgiving. The company will attempt to raise $1 billion before then.

Zynga IPO Date is Week of Nov. 17 [REPORT]

Zynga, the social gaming company behind hits like FarmVille, CityVille and Words with Friends, has reportedly set its IPO date for Nov. 17, just a week before Thanksgiving.
Row homes valued at $400,000 each, which are offered for free in a "buy one, get one free" deal, are seen in Escondido

Home Affordable Refinance Program (HARP): 4 Things to Know

The U.S. government announced Monday that it will revise the Home Affordable Refinance Program (HARP) which would allow underwater homeowners to refinance their mortgages. But will the HARP overhaul affect the housing market and the economy at a whole? Here are 5 things you need to know about HARP.
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Two large UAW locals vote for Chrysler contract

Workers at two of Chrysler Group LLC's largest plants voted to approve a tentative four-year labor contract between the company and the United Auto Workers union, a union official said on Monday.
Steve Jobs

'Celebrating Steve Jobs': As Biography Released, Apple Posts Memorial Service [VIDEO]

Here, watch the full video from Apple's Celebrating Steve, a Oct. 19 private memorial service for Steve Jobs. Jobs, who died at 56 from pancreatic cancer. Jobs was honored by Al Gore, Tim Cook and Bill Gates, and musicians Joan Baez, Bono and Coldplay. The video also shares personal reminiscences of the Apple CEO, and the reactions of those who gathered to bid the Apple co-founder one final good-bye.
The exterior shot of the State Capitol is seen as California legislators work late into the night to pass a $40 billion budget in the building in Sacramento, California

Debts of States over $4 Trillion: Budget Group

The total of U.S. state debt, including pension liabilities, could surpasses $4 trillion, with California owing the most and Vermont owing the least, according to an analysis released on Monday.
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Fed could target housing to help economy: Dudley

The weak housing sector continues to pose a strong headwind to the economic recovery, and the Federal Reserve could potentially do more to drive down mortgage rates to support the sector, an influential Federal Reserve official said on Monday.
A screen grab shows the access to Netflix online as displayed on a television screen in Encinitas

Netflix Warns of More Cancellations, Shares Drop

Netflix Inc lost more customers than it anticipated in the third quarter and warned of still more defections to come, pushing its shares down almost 20 percent as the one-time Wall Street star grapples with the fallout from a price hike and other unpopular moves.
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QE3 among Fed's remaining bullets, Dudley says

Another round of quantitative easing is a possible option for the central bank as it attempts to boost the slow U.S. economic recovery, one of the most influential Fed officials said on Monday.
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WikiLeaks says blockade threatens its existence

WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial blockade by U.S. firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday.
Stuart Walker

Stuart Walker's Brutal Murder in Cumnock: Will Gay Hate Crimes Ever End?

Stuart Walker, a young gay hotel manager and barman, was found tied, beaten and burned alive in Cumnock, Scotland this weekend. Though police will not confirm that Walker was the victim of a hate crime, his death, evoking as it does the legacy of Matthew Shepard and the rash of gay teen suicides in North America, is a testament to how far the LGBT movement still has to go, and how stark a reality dying for who you love can still be for gay teens and adults.

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