Stock indexes hit record…Oil prices fall… Big beer maker reports 3rd quarter earnings increase

NEW YORK (AP) — The major stock indexes are back at record highs. Stocks rallied in the U.S. and overseas after Japan’s central bank announced a new round of stimulus. Both the Dow and the S&P 500 set records today. The Dow rose 195 points, or 1.1 percent, to close at 17,390. The S&P 500 gained 23 points, or 1.2 percent, to 2,018. The Nasdaq rose nearly 65 points, or 1.4 percent, to 4,630.

NEW YORK (AP) — Oil prices are down again. U.S. benchmark crude fell 58 cents to $80.54 a barrel today in New York as increasing production from OPEC members added to already high global supplies of oil. Brent crude, used to price oil in international markets, dipped 38 cents to $85.86 in London.

AMSTERDAM (AP) — Anheuser-Busch InBev SA, the world’s largest beer maker, is reporting a 5.5-percent increase in earnings for the third quarter. Net profit at the brewer of Budweiser and Corona was $2.50 billion, compared with $2.37 billion in the same period last year r. Revenues were up 2.3 percent to $12.2 billion, as volumes fell 2.6 percent, but the company’s revenue per beer increased by 4.9 percent.

MOJAVE, Calif. (AP) — British billionaire Richard Branson is headed to California’s Mojave Desert after a Virgin Galactic space tourism rocket exploded and crashed, killing one person and seriously injuring another. Branson is the founder of Virgin Galactic. The company is planning to launch space tourism flights from the quarter-billion-dollar Spaceport America in southern New Mexico.

MIAMI (AP) — The man who headed Union Carbide Corp. when a chemical leak killed thousands of people in India in 1984, has died in Florida at 92. Warren M. Anderson’s death was not announced but was confirmed today by The Associated Press through public records. The records say Anderson died at a nursing home in Vero Beach, Florida, on Sept. 29. No cause of death was given.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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