HONG KONG— Hong Kong police used pepper spray Sunday to break up scuffles between protesters demonstrating against mainland Chinese shoppers and villagers from a border town. The unruly demonstration was the latest to target the influx of mainland shoppers to Hong Kong, where many blame their voracious buying habits for distorting the local economy.» Read More
Nov 1- Public Service Enterprise Group Inc, the biggest utility in New Jersey, said superstorm Sandy had caused severe damage to its infrastructure and it expected its losses to be material.
NEW YORK, Nov 1- U.S. consumer confidence rose in October to its highest in more than four years as Americans were more upbeat about improvements in the labor market, a private sector report showed on Thursday. It was the highest level since February 2008, though it came in shy of economists' estimates for 72.5.
WASHINGTON, Nov 1- U.S. companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that could hinge on the economy. Payrolls processor Automatic Data Processing said private employers added 158,000 workers last month.
Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit on Thursday that topped expectations, as higher margins from its refining arm countered a 7.5 decline in oil and gas output. Earlier this month, Exxon agreed to buy Celtic Exploration Ltd for $2.64 billion.
CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that it may delay completion of its planned Fort Hills oil sands mine by a year, with production now slated to start in 2017, as it reviews the profitability of its expansion plans.
*Costco, Nordstrom, Rite Aid say storm may affect November sales. Costco Wholesale Corp, Nordstrom Inc and Rite Aid Corp all said on Thursday that November sales would suffer because of store closures due to Sandy, one of the largest storms to ever hit the United States. Costco, however, said the effects would be minimal.
*Public anger in Greece at tax evasion by wealthy. The case has touched a nerve in near-bankrupt Greece, where rampant tax evasion is undermining a struggle to cut public costs and raise revenue under an EU/IMF bailout deal.
Nov 1- More than 4.6 million homes and businesses along the U.S. East Coast remained without power on Thursday 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.
Nov 1- Disaster modeling company Eqecat now estimates that monster storm Sandy caused up to $20 billion in insured losses and $50 billion in economic losses in the United States, the company said on Thursday.
Nov 1- A significant portion of customers in Wells Fargo& Co's $1.9 trillion mortgage servicing portfolio remain strong candidates for mortgage refinancings, the head of the bank's home lending unit said on Thursday.
NEW YORK, Nov 1- New Yorkers awoke to the rumble of subway trains for the first time in four days on Thursday and the death toll continued to rise from the former hurricane Sandy, one the biggest and most devastating storms ever to hit the United States.
Nov 1- Marathon Petroleum Corp reported a better-than-expected quarterly profit on Thursday, though results were helped by the sale of assets in Minnesota, but suffered in the company's core refining unit.
LONDON/ HOUSTON, Nov 1- The world's top oil and gas companies are struggling to improve output and failing to capture the full value of a resilient price for crude oil while weak gas prices in the United States take their toll.
*Geithner wants FSOC to step in after SEC failed to act.
Nov 1- More than 4.7 million homes and businesses along the U.S. East Coast remained without power on Thursday 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.
NEW YORK, Nov 1- U.S. stocks extended gains on Thursday after data showed consumer confidence climbed to a more than four-year high in October and the pace of growth in U.S. manufacturing picked up modestly. The Dow Jones industrial average gained 136.16 points, or 1.04 percent, to 13,232.62. The S&P 500 gained 10.81 points, or 0.77 percent, to 1,422.97.
Nov 1- Health insurer Cigna Corp's quarterly profit more than doubled as its acquisition of Medicare specialist HealthSpring drove growth in premiums and fees, prompting the company to raise its full-year profit outlook for the third time this year.
LONDON, Nov 1- BP's decision to scrap plans for a U.S. cellulosic ethanol refinery is a setback for second generation biofuels and opens the door to alternatives including Brazilian sugar ethanol, biodiesel and electric vehicles.
NEW YORK, Nov 1- U.S. companies added 158,000 jobs in October in the biggest gain in eight months, data from a payrolls processor showed on Thursday in a revamped report on the private sector labor market. Un der the old method, Sep tember's gain was originally reported as 162,000..