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Oil heads for another weekly decline on glut woes
October 23, 2015 MONEY (MSM)

Oil heads for another weekly decline on glut woes

Oil prices headed for a second week of declines on Friday as an unabating supply glut weighed even as China’s latest interest rate cut raised hopes for stronger demand from the world’s top energy consumer. Benchmark Brent crude oil fell 38 cents to $47.70 a barrel by 1330 GMT, and was on course for a weekly decline of more than 5.5 percent. U.S. crude for December was down 88 cents

Alphabet, Microsoft, Amazon give Wall Street reason to cheer
October 23, 2015 MONEY (MSM)

Alphabet, Microsoft, Amazon give Wall Street reason to cheer

For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed. Microsoft’s growing emphasis on cloud computing under Chief Executive Satya Nadella also put the company on track successfully transition away from its slowing business that relies on sales of personal computers. Alphabet’s shares jumped 10.5 percent to a record high

Tesla CEO says could start China car production in 2 years
October 23, 2015 MONEY (MSM)

Tesla CEO says could start China car production in 2 years

Tesla Motors Inc could begin producing cars in China in two years, Chief Executive Elon Musk said, adding that local production had the potential to slash the sales prices of its models in the world’s largest auto market by a third. Tesla’s negotiations with officials on Chinese production have been quite encouraging and it is likely the company will cooperate with a local partner, Musk said, according to Chinese language