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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The hurricane forecast is for 7 to 11 hurricanes this season, which could be bullish for the energy markets. Nat gas was up on the day because storage levels rose less than expected.
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Take a look at some of Thursday's midday movers:
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American Airlines is launching new service from the U.S. to destinations in Asia, Europe and Latin America in 2013. Find out where.
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A handful of U.S. retailers expect the massive storm that hit the U.S. East Coast this week to hurt sales in November, while overall holiday sales should still show the slow growth that was forecast before Sandy hit.
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The fact that Hurricane Sandy was downgraded before it made landfall on the East Coast will save homeowners potentially thousands of dollars in home insurance deductibles.
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Worried about the macro problems in Europe and the U.S., investors have become far too bearish, legendary hedge fund manager Julian Robertson told CNBC on Thursday.
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As China’s economy slows, shoppers are slowly overcoming the stigma of wearing“pre-owned” luxury goods.
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The private sector created a better-than-expected 158,000 jobs in October, while jobless claims edged lower and productivity rose about as much as expected.
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Warren Buffett’s Berkshire Hathaway has made another bet on a recovery in the US housing market, agreeing to lend the conglomerate’s trusted brand to a new venture with Brookfield Asset Management, the Financial Times reports.
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Wall Street consensus on the Disney-Lucasfilm deal was very positive, with analysts noting that over the next two years Disney will buy back the approximately 40 million shares it issues in this transaction.
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The credit-card company reported quarterly earnings that beat analysts' expectations, authorized a new $1.5 billion share repurchase program and raised its dividend by 50 percent on Wednesday.
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Fans want to see certain NBA matchups very badly, and in some of these cases this has driven up prices for those games by 400 percent or more. Read ahead to see the 10 most expensive NBA tickets of the 2012-2013 season.
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Netflix shares jumped more than 20 percent on Carl Icahn’s disclosure that he’s amassed a 10 percent stake in the streaming video company.
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As the markets re-open post Sandy and the damage is assessed, no doubt one of the topics on Wednesday will be the retail hurricane trade. But this Halloween, I say Don’t Be Tricked by the Retail Trade.
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The lockup period expired on 229 million shares, which caused the stock to drop more than 4 percent, on higher-than-average volume, though it has recovered a bit.
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Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.
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Hurricane Sandy should little affect these estimates as employer and household surveys were conducted earlier in September. Going forward, the hurricane will depress employment but only until the rebuilding begins in earnest.
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Bob Iger made his third major acquisition for Disney (DIS) - buying Lucasfilm for $4.05 billion, roughly half-cash, half-stock.
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Hurricane Sandy smacked the East Coast then turned into Super Storm Sandy. Now, thousands of travelers are no doubt calling her Pain in the Neck Sandy. This, as some airports start operating as normal again others are a long ways from having a regular schedule.
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Millions of Americans set out to buy emergency supplies in the days ahead of Hurricane Sandy. Those buying essentials such as gas, food, water, batteries and generators expected to dip into their savings and spend more money than usual — but they did not expect to overpay.
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Koch admits the company missed a few deliveries, "But this is the Northeast. I mean, we have snowstorms, we have hail storms, we have hurricanes, this is not LA, you know, life is not easy out here."