SEOUL, South Korea— Samsung Electronics Co. says some of its Galaxy mobile devices were approved to use with classified U.S. government networks and data. The South Korean company said Tuesday the Galaxy S5, the Galaxy Note 4 and seven other smartphones or tablets became the first consumer devices validated by a partnership between the National Security...» Read More
*Dow off 0.2 pct, S&P 500 down 0.2 pct, Nasdaq off 0.5 pct. Traders made it through the darkened streets of downtown Manhattan before sunrise to the New York Stock Exchange at 11 Wall Street, one of the only buildings with any electricity in that area after Sandy crippled power supply and disrupted mass transit throughout the New York metropolitan region.
Oct 31- Facebook Inc shares fell nearly 4 percent in busy trade on Wednesday as the company allowed employees to start selling roughly 230 million shares less than six months after its rocky market debut.
*Wheat jumps on 300,000 tonnes Egypt purchase. LONDON, Oct 31- Commodities edged higher on Wednesday as investors dipped back into risky assets, but the sector was on track for its worst monthly loss since May as worries resurfaced about demand for raw materials.
*France objects to proposed farm subsidy cuts. BRUSSELS, Oct 31- France joined a growing list of European Union governments threatening to veto the bloc's next long-term budget, turning up the heat at the start of divisive bargaining over a 1 trillion euro spending plan.
*To cut 20 pct of U.S. workforce, 30 pct of Asia- CEO. Oct 31- GT Advanced Technologies, a solar and LED equipment maker, said it would slash about 25 percent of its workforce and would l i kely report third-quarter revenue at the low end of its forecast due to weak demand in its main market, Asia.
Oct 31- New York power company Consolidated Edison Inc said Wednesday about 786,000 homes and businesses in New York City and Westchester County were still without power due to the devastation wrought by the massive storm, Sandy.
WASHINGTON, Oct 31- The Obama administration said on Wednesday that the nation would hit the legal limit on its debt near the year's end, although it can tap emergency measures to stave off a default and keep the government running into early 2013..
*Latin America offers Spaniards hope for work. MEXICO CITY/ MADRID Oct 31- After joining the euro in 1999, Spain's economic boom made it the land of opportunity for millions of Latin American migrant workers.
*Bank of Canada seen on hold for longer. OTTAWA, Oct 31- The Canadian economy shrank in August for the first time in six months, an unexpected contraction that pointed to a sharp slowdown in third-quarter growth and reinforced the Bank of Canada's message that interest rate hikes are less imminent.
OTTAWA, Oct 31- Canada is likely to extend its review of the $15.1 billion bid by China's CNOOC Ltd for oil producer Nexen Inc beyond next week's deadline to allow more time for the government to formulate a broad framework on foreign investment, two sources close to the matter said on Wednesday.
WASHINGTON-- Amtrak says it plans to restore some service on Friday to and from New York City, which has been without intercity train service since it was walloped by superstorm Sandy.
BOSTON, Oct 31- Ameridose, the sister company to the U.S. pharmacy linked to a national outbreak of meningitis that has killed 28 people, on Wednesday announced it was recalling all its products, in a move to cooperate with U.S. and state regulators.
NEW YORK, Oct 31- U.S.
*Plaintiffs filed lawsuits in Canada and Brazil this year. QUITO, Oct 31- Ecuadorean plaintiffs plan to file a lawsuit against Chevron in Argentina, their third legal attempt outside the Andean country to enforce a $19 billion ruling against the U.S. oil company for pollution in the Amazon, a source with direct knowledge of the case said.
*GM expects much bigger loss in Europe this year. *Still sees Europe economy flat to slightly deteriorating. Shares of the automaker rose nearly 9 percent in afternoon trading even as it said it expected to lose as much as $1.8 billion in Europe this year.
LONDON, Oct 31- Flagging growth prospects for the euro zone's biggest economies will prompt the European Central Bank to ease monetary policy more early next year, according to a slim majority of economists polled by Reuters.
CHICAGO, Oct 31- One of five policymakers on the U.S. Commodity Futures Trading Commission said on Wednesday that the CFTC fell down on the job earlier this month as it imposed, and then suspended, a key rule governing energy derivatives.
*Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.
LONDON, Oct 31- JPMorgan Chase& Co is suing the former boss of Bruno Iksil, the trader known as the London Whale, for the outsized derivatives positions he took that cost the bank $6.2 billion. He added that JPMorgan has so far failed to provide details of the evidence to support its allegations, which would enable Martin-Artajo to begin the process of his defence.
Gains in equity markets early in the day had lifted the euro above $1.30, but momentum faded as Wall Street turned negative and uncertainty remained about how to keep Greece afloat and when Spain may ask for a bailout.