Moody's may cut rating of California's Kern County after fiscal emergency

LOS ANGELES, Jan 30 - California's Kern County was put on notice for a possible downgrade on Friday by ratings agency Moody's Investor Service, three days after the county declared a fiscal emergency.

Markets, Bonds, 8:27pm EST

UPDATE 4-Mexico cuts spending on oil shock, shelves tainted rail project

MEXICO CITY, Jan 30 - Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global oil prices hurt public finances, and it is shelving a tainted $3.75 billion high-speed train tender as part of its austerity measures.

Argentine biofuels group sees no exports spike from US policy shift

BUENOS AIRES, Jan 30 - A policy change allowing Argentina's biofuel producers another way to qualify for U.S. biodiesel credits will not hugely boost fuel exports from the South American country, the head of the Argentine Biofuels Chamber (Carbio) said.

Basic Materials, 5:02pm EST

UPDATE 9-Oil surges 8 pct as U.S. rig count plunges, shorts scramble

* OPEC increases January output to 30.37 bpd - survey (Adds analyst's views, paragraphs 10-12)

Bonds, Markets 4:27pm EST

Exxon adds discrimination protections in U.S. for LGBT workers

HOUSTON, Jan 30 - Exxon Mobil Corp, the world's largest publicly traded oil company, has changed its U.S. employment policies to prohibit discrimination based on sexual orientation and gender identity as now required by federal law.

Stocks, Markets 4:17pm EST
Exxon Mobil Corp $87.42 -0.18%
Chevron Corp $102.53 -0.46%
Schlumberger NV $82.39 +0.60%


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