UPDATE 1-U.S. says CSX missed rail defect blamed for oil train derailment WASHINGTON, Oct 9- A fiery oil train derailment that forced the evacuation of hundreds of people in West Virginia last February was caused by a rail defect that railroad inspectors from CSX Corp missed twice in the preceding months, U.S. regulators said on Friday. Twenty-seven of the train's 109 cars derailed near Mount Carbon, West Virginia, on Feb. 16.
Steve Jobs plays dual role of hero, villain in the movies SAN FRANCISCO— Apple co-founder Steve Jobs became renowned for conjuring a "reality distortion field" that made people believe whatever he wanted. "Steve Jobs," which opened Friday, is the latest movie to examine a charismatic visionary who mesmerized the masses with his trendsetting gadgets while alienating his subordinates and friends with an...
Source: The Associated Press
| By: By MICHAEL LIEDTKE, AP Technology Writer
METALS-LME zinc soars 8.5 pct, fuelling metal surge after Glencore output cuts *Glencore to cut 500,000 T of annual zinc capacity. MELBOURNE, Oct 9- London zinc surged more than 8 percent on Friday, firing a widespread rally across base metals after top miner Glencore said it would slash its annual output by a third. Commodities giant Glencore said it will cut 500,000 tonnes of zinc production, or around 4 percent of global supply, in its latest...
| By: Melanie Burton
LMEWEEK-China base metal demand to inch up next yr, may pick up in H2 *China appetite for base metals hit by slowing economy. HONG KONG, Oct 9- Most base metals will face tepid demand in China in 2016 as the economy slows in the world's largest consumer of the commodities used in everything from jet engines to cooking utensils, although there is some hope appetite will strengthen later in the year. "Domestic demand won't be very good...
| By: Polly Yam
Pemex restarts plant at Minatitlan refinery MEXICO CITY, Oct 8- Mexican oil giant Pemex on Thursday said it had restarted a catalytic plant at its Minatitlan refinery in southeast Mexico, after fixing the plant's temperature sensor. It said there had been "no setbacks to fuel production" at the refinery, located in the eastern Gulf coast state of Veracruz. The Minatitlan refinery, whose capacity went up to...
WRAPUP 2-IMF told that amid 'new mediocre' no room for mistakes by cen banks LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding their fire. For both the Fed and the Bank of England,...
| By: Randall Palmer and Krista Hughes
4 trades on struggling IPO darlings "Fast Money" traders discussed how to trade Alibaba, GoPro and Box, which have struggled after huge IPOs in the last 18 months.
| By: Jacob Pramuk