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Friday, Oct. 3
Energy stocks recover with broad market (9:37 am ET)
NEW YORK (MarketWatch) -- Energy stocks rebounded with the broad market on Friday. The Amex Oil Index (XOI: news, chart, profile) rose 1.9% to 1,078. The Amex Natural Gas Index (XNG: news, chart, profile) advanced 1.9%. Crude prices fell $2.22 to $91.75.
Anheuser-Busch: U.S. third-quarter beer volume growth good(8:34 am ET)
NEW YORK (MarketWatch) -- Anheuser-Busch Cos. Inc. (BUD: news, chart, profile) said Friday it saw good U.S. beer volume growth in the third quarter. "Driven by the successful national introduction of Bud Light Lime," Bud said its U.S. beer shipments to wholesalers were up 2.3%, while sales to retailers rose 3.6% compared to the same quarter of 2007. The company also said "the pricing environment in the U.S. beer market continues to be favorable," with revenue per barrel expected to rise almost by 4%.
Hewlett-Packard readying new smart phone, report says(8:32 am ET)
NEW YORK (MarketWatch) -- Hewlett-Packard Co. (HPQ: news, chart, profile) is readying a new smart phone that will be marketed to consumers, The Wall Street Journal reported Friday. Citing people briefed on the plan, the newspaper said the device will debut in Europe and will be sold by a mobile carrier in retail stores.