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Latest Business News Wires - Business Headlines


  • NEW YORK, Nov 2- Some 3.5 million customers in 11 states were still without power on Friday afternoon, down only slightly from 3.6 million reported earlier in the day, the U.S. Department of Energy's Office of Electricity Delivery& Energy Reliability said in a report.

  • *Cocoa rallies on Ghana supply squeeze, bucking weak trend. NEW YORK, Nov 2- Oil prices tumbled on Friday as foreign tankers were allowed to bring fuel from U.S. ports to the Northeast to ease a supply crunch after Hurricane Sandy, and metals and other key commodities fell on worries the devastation from the storm could hamper the economic recovery.

  • NEW YORK, Nov 2- Some 3.5 million customers in 11 states were still without power on Friday afternoon, down only slightly from 3.6 million reported earlier in the day, the U.S. Department of Energy's Office of Electricity Delivery& Energy Reliability said in a report.

  • *Waiver lasts through Nov. 13. WASHINGTON, Nov 2- The U.S. government issued a rare waiver on Friday allowing foreign tankers in the Gulf of Mexico to supply the Northeast with fuel after Hurricane Sandy, but the extent of relief was uncertain since some ports in the region still lacked power.

  • *US Airways carries extra fuel on flights as precaution. Nov 2- Delta Air Lines said on Friday that a key revenue measure improved in October, helped by corporate travel and cancellations in the wake of superstorm Sandy.

  • Nov 2- U.S. regulators on Friday approved expanded use of Johnson& Johnson's Xarelto blood thinner to treat blood clots in the legs and lungs and to reduce the risk of such clots recurring after initial treatment.

  • While power outages continue to keep some gasoline stations and oil terminals shut, the efforts could put an end to the unwelcome revival of one of the 1970 s less fashionable trends in New York: infuriatingly long lines for gasoline.

  • Tree damage is plaguing many homeowners and businesses after Sandy blasted through the Northeast, inflicting much of her damage on New York, New Jersey and Connecticut. As of Friday morning, New York City, received more than 6,700 calls for downed trees, according to the Joint Information Center at the Office of Emergency Management.

  • Nov 2- The health of the U.S. economy has been central to the campaign for the White House, with both President Barack Obama and Republican challenger Mitt Romney seeking to convince voters they have a plan to usher in faster growth and job creation.

  • NEW YORK, Nov 2- Prices for long-dated U.S. But investors were also looking to next Tuesday's election, in which President Barack Obama and Republican Mitt Romney will square off. Treasury strategy at RBS Securities in Stamford, Connecticut, that momentum seems to have slowed.

  • WASHINGTON, Nov 2- Europe's financial crisis remains the biggest hurdle to global economic recovery and will be in focus at a meeting of world finance chiefs in Mexico City this weekend, a senior U.S.

  • *Jones Act shipping waivers to ease East Coast fuel crunch. NEW YORK, Nov 2- Crude oil and gasoline futures fell more than 2 percent on Friday after Washington issued a waiver allowing foreign tankers to bring fuel to the East Coast from U.S. ports, holding out some promise of relief from supply disruptions caused by superstorm Sandy.

  • Nov 2- Alan Murray is leaving the Wall Street Journal to assume the role of president of the Pew Research Center, effective in January, the center announced on Fr iday. As part of the Washington- based Pew Charitable Trusts, the non-partisan Pew Research Center's mission is to inform the press, public and policy makers. Dow Jones and News Corp declined to comment.

  • *Dow down 1.1 pct, S&P 500 off 0.9 pct, Nasdaq off 1.3 pct. Eventually, all 10 S&P 500 sectors succumbed to selling pressure to end lower. For the week, the Dow shed 0.1 percent, but the S&P 500 gained 0.2 percent.

  • NEW YORK, Nov 2- U.S. stocks ended an unusual storm-shortened trading week with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report. Based on the latest available data, the Dow Jones industrial average slid 139.46 points, or 1.05 percent, to end unofficially at 13,093.16.

  • Google's Android software in 3 out of 4 smartphones Friday, 2 Nov 2012 | 8:04 PM ET

    SAN FRANCISCO, Nov 2- Three out of every four smartphones sold in the third quarter featured Google Inc's Android mobile operating system, as the gap between Google and Apple Inc- based phones widened further, according to a new research report. Apple's share of the market increased to 14.9 percent during the third quarter, from 13.8 percent a year earlier.

  • News Summary: Berkshire Hathaway 3Q earnings Friday, 2 Nov 2012 | 8:01 PM ET

    PAPER PROFITS: Warren Buffett's company said its third-quarter net income soared 72 percent to $3.92 billion, or $1.58 per Class B share. But most of that was a result of a big swing in the paper value of Berkshire Hathaway's investments and derivative contracts. FREIGHT FORTUNES: BNSF Railway was one of the strongest performers for Berkshire.

  • FOREX-Dollar rallies broadly after U.S. jobs data Friday, 2 Nov 2012 | 7:58 PM ET

    NEW YORK, Nov 2- The U.S. dollar rallied broadly on Friday, hitting a more than six-month peak against the yen and a one-month high versus the euro, after data showed the U.S. economy created more jobs than expected last month. U.S. employers stepped up hiring in October by adding 171,000 jobs, exceeding Wall Street's expectations.

  • NEW YORK, Nov 2- A third day of ``panic buying'' of gasoline among Sandy-struck New York area motorists o n F riday prompted action from authorities, who waived shipping regulations even as pipelines and oil tankers resumed limited shipments.

  • WASHINGTON, Nov 2- U.S. employers stepped up hiring in October and a small increase in the jobless rate was due to more workers restarting their job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election bid. Employers added 171,000 people to their payrolls last month, the Labor Department said on Friday.