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  • NEW YORK, Oct 29- New York Governor Andrew Cuomo said two key tunnels connecting Manhattan to New Jersey and Brooklyn would be closed later on Monday ahead of Hurricane Sandy. Cuomo said the Holland Tunnel, which opened in 1927 and remains one of the main connections between New Jersey and New York City, would close as a precaution at 2 p.m..

  • LONDON, Oct 29- Ex-trader Kweku Adoboli said on Monday that others at UBS, including senior executive Carsten Kengeter, had influenced his trading in the summer of 2011, when he took positions that eventually cost the Swiss bank $2.3 billion.

  • BRUSSELS, Oct 29- EU antitrust regulators have told trader Glencore to offer concessions to ease concerns about its planned takeover of miner Xstrata, especially the combined group's large share of the zinc market, a person familiar with the matter said on Monday.

  • BMW to recall 7 Series for transmission flaw Monday, 29 Oct 2012 | 2:28 PM ET

    Oct 29- Bayerische Motoren Werke AG's BMW of North America affiliate said it will recall 45,500 of its 7 Series luxury sedans from model years 2005-2008 to correct a flaw that could cause a parked vehicle to roll away.

  • --Martha Stewart Living Omnimedia Inc rescheduled third-quarter results to Nov. 1 from Oct. 30. --Vertex Pharmaceuticals Inc rescheduled third-quarter 2012 earnings and conference call to after markets close on Nov. 1 from Oct. 29. --The McGraw-Hill Companies Inc rescheduled third-quarter earnings and conference call to Nov. 2 from Oct. 31.

  • LONDON, 29- Britain's Pearson and Germany's Bertelsmann are to merge their publishing units, Penguin and Random House, to recover ground lost to technology groups Amazon and Apple, the leaders in the ebook revolution.

  • MUMBAI, Oct 29- Essar Energy plans to refinance up to $1.5 billion worth of its rupee debt overseas within six months, its chief executive said on Monday, as the India- focused group concentrates on improving its balance sheet after a turbulent period of heavy capital spending and regulatory setbacks.

  • Oct 29- Hurricane Sandy has already knocked out power for some homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Monday.

  • WASHINGTON, Oct 29- The Supreme Court agreed on Monday to consider whether a U.S. company is entitled to a tax credit when it pays a so-called ``windfall tax'' imposed by the United Kingdom.

  • UPDATE 2-Hungary hints at life without IMF deal Monday, 29 Oct 2012 | 2:02 PM ET

    BUDAPEST, Oct 29- ``Life would go on'' if Hungary does not secure funding from the IMF, its chief negotiator said on Monday, casting doubt on Budapest's willingness to reach a deal to help ensure financial stability.

  • Reuters World News Highlights at 1400 GMT, Oct 29 Monday, 29 Oct 2012 | 2:00 PM ET

    ROME- Former Italian premier Silvio Berlusconi faced a fresh setback on Monday as early counting in a local election in Sicily showed his divided centre-right party trailing in a former stronghold and big gains for the anti-establishment 5 Star Movement.

  • UPDATE 2-Hundary hints at life without IMF deal Monday, 29 Oct 2012 | 2:00 PM ET

    BUDAPEST, Oct 29- ``Life would go on'' if Hungary does not secure funding from the IMF, its chief negotiator said on Monday, casting doubt on Budapest's willingness to reach a deal to help ensure financial stability.

  • TOKYO, Oct 29- Nomura Holdings, Japan's largest investment bank, posted its fourth straight quarterly profit on Monday as an upswing in its fixed income operations helped it counter weak equity markets and the fallout from an insider trading probe.

  • WASHINGTON, Oct 29- The Supreme Court agreed on Monday to consider whether a U.S. company is entitled to a tax credit when it pays a so-called ``windfall tax'' imposed by the United Kingdom.

  • Sandy was expected to lose some punch as she moves over Pennsylvania and Maryland, crossing near Constellation Nuclear Energy Group's 1,705- MW Calvert Cliffs nuclear plant in Maryland, Exelon Corp's 2,244- MW Peach Bottom, 805- MW Three Mile Island and 2,264- MW Limerick in Pennsylvania, and PPL Corp's 2,450- MW Susquehanna in Pennsylvania.

  • UPDATE 1-Reuters Business News Schedule at 1330 GMT Monday, 29 Oct 2012 | 1:54 PM ET

    NEW YORK- Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthens after hundreds of thousands move to higher ground, public transport shuts down and the U.S. stock market suffers its first weather-related closure in 27 years (STORM-SANDY/ moved, pix, tv, graphic, by Daniel Trotta, 910 words). Politics puts Italy, Spain back in market focus.

  • With Sandy gaining strength overnight as the vast storm turned westward toward New Jersey, Philadelphia Energy Solutions began the precautionary closure of key units at its 330,000 barrel-per-day Philadelphia refinery, the biggest in the region, said one source familiar with operations.

  • NEW YORK, Oct 29- Gasoline and heating oil futures jumped on Monday as Hurricane Sandy approached the U.S. East Coast and refineries in the region shut or curbed production.

  • Reuters Business News Schedule at 1330 GMT Monday, 29 Oct 2012 | 1:49 PM ET

    1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • *Euro falls on worries over Greece, Spain. Benchmark three-month copper on the London Metal Exchange traded down 1.36 percent at $7,710 a tonne in official midday rings, having earlier touched $7,698, its lowest since Sept. 7.

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