Chrysler is recalling almost 189,000 Jeep Grand Cherokees and Dodge Durangos in the U.S. to fix a fuel pump problem that can cause the SUVs to stall.» Read More
Nov 1- Major U.S. airlines moved to build up service in the New York area on Thursday, with the number of canceled flights easing as LaGuardia Airport re-opened for business in the wake of Hurricane Sandy.
*FDA says findings reinforce contamination concerns. The Food and Drug Administration said it identified different types of bacteria in three separate recalled batches of NECC's preservative-free betamethasone and in a single batch of NECC-supplied cardioplegia solution.
Nov 1- DreamWorks Animation SKG Inc's third-quarter results beat analysts' estimates, riding t he international box office success of `` Madagascar 3: Europe's Most Wanted''. The company said Madagascar 3, which released in June, raked in nearly $720 million worldwide, of which 70 percent was from international markets.
*Citigroup, Deutsche Bank, HSBC, JPMorgan Chase top list. *G20 finance ministers meet in Mexico this weekend. Nov 1- Global regulators on Thursday said Citigroup Inc, Deutsche Bank, HSBC and JPMorgan Chase& Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses.
Nov 1- Chesapeake Energy Corp reported a net loss on Thursday compared with a year-ago profit, as low natural gas prices caused the U.S. oil and gas company to write down the value of some assets.
NEW YORK, Nov 1- The fuel supply crisis gripping the New York area deepened on Thursday as the city's iconic taxis started turning away business while drivers searched hours for a tank of gas, and there were growing signs that the worst of the crunch is not over.
Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year and plans to speed up new store openings, as strength in its latest quarter and new products, gave the company confidence not seen by many of its peers in the U.S. restaurant industry.
*EPS of $1.13 vs 86 cent Street view. The remaining stake pertains to AIG shares the Treasury Department owns in exchange for capital it infused. Last quarter, the Treasury Department sold $26.5 billion worth of AIG shares, including approximately $8 billion purchased by AIG.
Nov 1- Boeing said it expects to deliver future 787 Dreamliner jets to United Airlines on schedule, after the airline said Thursday it that it was concerned future deliveries could be delayed. United said Thursday that it had taken delivery of the second of five of the jets due to arrive this year from Boeing.
Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a 26 percent drop in quarterly profit as production at its giant Indonesian copper and gold mine plummeted and costs rose. Lower ore grades at its Tanami mine in Australia and the Ahafo mine in Africa also weighed on production, Newmont said.
FDA says findings reinforce contamination concerns. The Food and Drug Administration said it identified different types of bacteria in three separate recalled batches of NECC's preservative-free betamethasone and in a single batch of NECC-supplied cardioplegia solution.
GREEN BAY, Wisconsin- President Barack Obama and Republican Mitt Romney were back on the attack on Thursday, breaking a storm-induced campaign truce to hit the road and pound home their closing messages in the final stretch of a tight battle for the White House.
NEW YORK, Nov 1- New Jersey Natural Gas o n T hursday shut down part of its pipeline system that serves the state's barrier islands, one of the areas most damaged by Hurricane Sandy's high winds and storm surge. ``Literally digging through rubble, we have found some of our exposed, broken pipes with flare-ups on the ends of them,'' said Micah Rasmussen, a spokesman.
WELLESLEY, Mass., Nov 1- The Federal Reserve should buy bonds at least until the U.S. jobless rate falls below 7.25 percent, a top Fed official said on Thursday, pitching a plan that would set the clearest end point so far for the central bank's quantitative easing program.
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. Private employers added 158,000 workers last month, the biggest gain since February, payrolls processor Automatic Data Processing said.
*Whole Foods dropped Hershey artisan brand. The lawsuit by the Louisiana Municipal Police Employees' Retirement System, a Hershey shareholder, seeks documents which could determine if the candymaker knew its suppliers in Ghana and Ivory Coast used child labor.
*Joe Hinrichs moves to head of the Americas. Nov 1- Ford Motor Co said Alan Mulally has agreed to stay on as chief executive for at least two more years, giving the No. 2 U.S. automaker more time to gauge potential successors-- or keep Mulally on longer if needed.
Jeep production to China, which the automaker refutes. Ralph Gilles, the head of product design for Chrysler, became the second top Chrysler executive in three days to strongly deny the claim, which was first made by Republican presidential candidate Mitt Romney last week to a crowd in Ohio.
WASHINGTON, Nov 1- A U.S. government agency has withdrawn a report that challenged Republican ideas about taxes and economic growth- an action that drew fire from Democrats who accused it on Thursday of bowing to political pressure.
DETROIT, Nov 1- Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.