Stocks Drop as Fed Tapering Fears, Weak China Data Rattle Markets
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David Stuckler, author of The Body Economics, explains how "austerity kills" and why countries that have not cut their health care budget as part of an austerity program have charted faster return to growth.
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``Ameridose and FDA agree that the use of injectable products that are not sterile can represent a serious hazard to health,'' the company said in a statement, adding that it shipped its medications nationwide. Earlier this month the FDA said, ``The current production shutdown of Ameridose may impact supplies of certain drugs for some health care systems.''.
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Oct 31- More than 5.7 million homes and businesses along the U.S. East Coast remained without power on Wednesday after Hurricane Sandy battered the region. Sandy made landfall in New Jersey on Monday night. Power companies have reported a peak of nearly 8.48 million customers without power, according to a U.S. Department of Energy report.
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BOSTON, Oct 31- Some of Citigroup Inc's banking sites went down for about half an hour on Wednesday, making its online banking system temporarily inaccessible to customers, some of whom were housebound in the wake of giant storm Sandy.
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Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc that will boost profits immediately. PVH bought Calvin Klein in 2003 and makes formal and sportswear under that brand.
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NEW YORK, Oct 31- Wall Street firms and U.S. banks scrambled to raise cash on Wednesday, as U.S. financial markets resumed normal trading after a devastating storm pummeled the U.S. East Coast and closed major markets for two days.
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WASHINGTON, Oct 31- The U.S. Federal Reserve said on Wednesday that some banks continued to ease lending standards for businesses and consumers in the last three months, while a number reported better bo r rower appetite for real estate and auto loans.
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DETROIT, Oct 31- General Motors Co spent $3.6 billion on pension buyouts this year for white-collar retirees as part of a plan to cut about one-fifth of its global pension liability. GM also said it would shift management of pension plans for 118,000 salaried retirees to a unit of Prudential Financial Inc..
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*Lumber futures rise the $10 daily limit. Trade sources said the home-rebuilding process in the northeastern United States, which bore the brunt of Sandy, could stretch well into 2013, keeping demand for lumber robust.
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NEW YORK, Oct 31- U.S. gasoline rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy.
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HOUSTON, Oct 31- Increased access to cheaper crude oil from the United States and Canada boosted Phillips 66' s quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.
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``This trade deal will guarantee access to Panama's $20.6 billion services market and more than $15 billion in infrastructure projects...
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Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
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*New York, New Jersey each have more than 2 million out. At the storm's peak, 8.48 million customers were without power after Sandy came ashore with hurricane-force winds in New Jersey on Monday, according to a Department of Energy collection of data.
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The Fast Money crew offers special CNBC.com-only advice on your investments.
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Oct 31- New York's Metropolitan Transportation Authority faces ``very significant'' repair costs following massive storm Sandy, adding a still-unknown burden to a system that had already cut its proposed capital budget, the state comptroller said on Wednesday.
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JERUSALEM- Most Israelis would be reassured if Mitt Romney won next week's U.S. presidential election, feeling they had an unquestioning friend rather than a dispassionate critic in the White House.
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*Cleveland Clinic compiles annual list of top innovations. Oct 31- The best medical innovations for next year include an almond-size device implanted in the mouth to relieve severe headaches and a handheld scanner resembling a blow dryer that detects skin cancer, the Cleveland Clinic said on Wednesday.
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WASHINGTON, Oct 31- The U.S. Federal Reserve said on Wednesday that some banks continued to ease lending standards for businesses and consumers, while a number reported improved borrower appetite for real estate and auto loans in the last three months.
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*Short-term gas demand lower on lost power generation. NEW YORK, Oct 31- As the U.S. The United States last year initiated closer scrutiny of U.S. nuclear plants and their safety features following the earthquake, tsunami and subsequent flooding in Japan that caused a nuclear plant meltdown there.
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*Lumber futures rise the $10 daily limit. *Hope for repair demand also boosts Home Depot shares. Chicago Mercantile Exchange November, January and March lumber futures rose by the daily trading limit of $10 per thousand board feet and were locked at those levels to effectively shut down trading.