*Hong Kong shares lead Asia equity markets lower. "In some ways it is reminiscent of 2008 with tightening credit markets, bank shares under pressure and worries central banks are powerless," said Shane Oliver, head of investment strategy at AMP Capital, though he suspects markets are being overly pessimistic this time. The flight from risk told on Asian shares, with...» Read More
*New York mass transit system to close at 7 p.m. Sunday. NEW YORK, Oct 28- U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers' homes, as markets prepare to open for business on Monday even as Hurricane Sandy brings public transportation to a halt.
WASHINGTON, Oct 28- The United States runs the risk of a recession far deeper than many investors and policymakers may think if lawmakers fail to avert looming tax hikes and cuts to public spending.
TORONTO, Oct 28- Workers at Lear Corp's Whitby, Ontario plant, which supplies car seats to General Motors Co in Canada, went on strike on Sunday with employees and management far apart on a range of issues, the Canadian Auto Workers union said. The Whitby factory makes seats for vehicles at the GM plant in Oshawa, Ontario.
Travelers is the third-largest insurer in New York for both personal home and auto and commercial lines of insurance, and the second-largest in Connecticut. Weather is unlikely to interfere with claims processing, a spokesman said, even though the company is headquartered in New Jersey, Chubb has a major center in Arizona that can handle claims as needed.
NEW YORK-- The New York Stock Exchange will close its trading floor Monday as Hurricane Sandy barrels its way up the Northeast, but Big Board trading will continue electronically. NYSE Euronext said Sunday it is putting in place its contingency plans beginning Monday and will announce later when the trading floor will reopen.
Six East Coast oil refineries representing 1.19 million barrels per day- or 7 percent of total U.S. capacity- could potentially be hit by the deadly storm, which left at least 41 dead as it roared through the Caribbean and churned northward.
PARIS, Oct 28- Executives from nearly 100 of France's biggest companies called on the Socialist government on Sunday to cut payroll taxes by 30 billion euros over two years to regain waning competitiveness.
Oct 28- New York City Mayor Michael Bloomberg on Sunday ordered public schools closed on Monday and said that areas of the city from City Island to Coney Island to Battery Park City were under mandatory evacuation because of approaching Hurricane Sandy.
NEW YORK, Oct 28- Earnings season may be only half over, but the focus on profits should subside this week as investors turn their attention to the coming election and Friday's jobs data- the last major economic indicator before the Nov. 6 contest.
*New York mass transit system to close at 7 p.m. Sunday. *NYSE and Nasdaq plan to open for trading Monday. NEW YORK, Oct 28- New York- based stock exchanges are sending officials into Manhattan on Sunday to stay in hotels and coworkers' homes as the NYSE and Nasdaq prepare to open for business on Monday, even as Hurricane Sandy closes off public transportation links.
The Warner Bros. thriller from director and star Ben Affleck, inspired by the real-life rescue of six U.S. embassy workers during the 1979 Iranian hostage crisis, made nearly $12.4 million this weekend, according to Sunday studio estimates. "
*New York City subway system to shut down. HATTERAS ISLAND, N.C., Oct 28- Hurricane Sandy could be the biggest storm to hit the United States mainland when it comes ashore on Monday night, bringing strong winds and dangerous flooding to the East Coast from the mid-Atlantic states to New England, forecasters said on Sunday.
KIEV, Ukraine-- Ukraine's opposition parties performed strongly in Sunday's parliamentary vote, according to an exit poll, but President Viktor Yanukovych's party could still retain control of the legislature as its members are likely to sweep individual races across the country.
NEW YORK, Oct 28- New York City will suspend its train, subway and bus service Sunday night ahead of Hurricane Sandy, which is expected to bring strong winds and dangerous flooding to the East Coast, New York Governor Andrew Cuomo said at a news conference.
*Resource stock performance tied to China, commodities.
NEW YORK, Oct 28- New York City will suspend its train, subway and bus service Sunday night ahead of Hurricane Sandy, which is expected to bring strong winds and dangerous flooding to the East Coast, New York Governor Andrew Cuomo said at a news conference. ``If it turns and moves off, great.
PANAMA CITY, Panama-- Panama's government has repealed a measure to sell state-owned land in a duty-free zone along the Panama Canal following a week of sometimes violent protests.
HATTERAS ISLAND, N.C., Oct 28- Hurricane Sandy could be the biggest storm to hit the United States mainland when it comes ashore on Monday night, bringing strong winds and dangerous flooding to the East Coast from the mid-Atlantic states to New England, forecasters said on Sunday.
ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.
NEW YORK-- The New York Stock Exchange plans to open for trading as usual Monday, even as Hurricane Sandy barrels its way up the Atlantic.