March 2- Bill Gates topped Forbes magazine's annual list of the world's richest people, released on Monday, with Mexican telecommunications tycoon Carlos Slim Helu in second place. 6 Charles Koch $42.9 bln Up Diversified U.S. 6 David Koch $42.9 bln Up Diversified U.S. 8 Christy Walton $41.7 bln Up Wal-Mart Stores Inc U.S. 11 Alice Walton $39.4 bln Up Wal-Mart U.S. 12...» Read More
BOSTON, Oct 31- Some of Citigroup Inc's banking sites went down for about half an hour on Wednesday, making its online banking system temporarily inaccessible to customers, some of whom were housebound in the wake of giant storm Sandy.
Oct 31- Clothing maker PVH Corp will unite Calvin Klein underwear, jeans and sportswear lines under one roof in a $2.8 billion deal to buy rival Warnaco Group Inc that will boost profits immediately. PVH bought Calvin Klein in 2003 and makes formal and sportswear under that brand.
NEW YORK, Oct 31- Wall Street firms and U.S. banks scrambled to raise cash on Wednesday, as U.S. financial markets resumed normal trading after a devastating storm pummeled the U.S. East Coast and closed major markets for two days.
WASHINGTON, Oct 31- The U.S. Federal Reserve said on Wednesday that some banks continued to ease lending standards for businesses and consumers in the last three months, while a number reported better bo r rower appetite for real estate and auto loans.
DETROIT, Oct 31- General Motors Co spent $3.6 billion on pension buyouts this year for white-collar retirees as part of a plan to cut about one-fifth of its global pension liability. GM also said it would shift management of pension plans for 118,000 salaried retirees to a unit of Prudential Financial Inc..
*Lumber futures rise the $10 daily limit. Trade sources said the home-rebuilding process in the northeastern United States, which bore the brunt of Sandy, could stretch well into 2013, keeping demand for lumber robust.
Oct 31- Maybe liquidity isn't all it's cracked up to be. Trading in U.S.-traded stocks re-opened on Wednesday after a rare two-day hiatus, as exchanges struggled to cope with the aftermath of Hurricane Sandy.
HOUSTON, Oct 31- Increased access to cheaper crude oil from the United States and Canada boosted Phillips 66' s quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.
LISBON, Oct 31- Portugal's parliament approved the biggest tax increases in the country's modern history on Wednesday, paving the way for a court battle over a budget which the government says is vital to keep its international bailout afloat.
NEW YORK, Oct 31- U.S. gasoline rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy.
``This trade deal will guarantee access to Panama's $20.6 billion services market and more than $15 billion in infrastructure projects...
Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
LONDON, Oct 31- Former UBS trader Kweku Adoboli said on Wednesday that he and Jerome Kerviel, the Societe Generale ``rogue trader'', got into trouble only because they had lost money for their employers. Adoboli, 32, was arrested on Sept. 15, 2011, and blamed for losses of $2.3 billion.
*New York, New Jersey each have more than 2 million out. At the storm's peak, 8.48 million customers were without power after Sandy came ashore with hurricane-force winds in New Jersey on Monday, according to a Department of Energy collection of data.
*EU Commission says consulting widely on issue. PARIS, Oct 31- Perfume-makers are urging the European Commission to back down from possible legislation they fear could kill top fragrances by restricting natural ingredients linked to allergies, industry sources say.
JERUSALEM- Most Israelis would be reassured if Mitt Romney won next week's U.S. presidential election, feeling they had an unquestioning friend rather than a dispassionate critic in the White House.
Oct 31- New York's Metropolitan Transportation Authority faces ``very significant'' repair costs following massive storm Sandy, adding a still-unknown burden to a system that had already cut its proposed capital budget, the state comptroller said on Wednesday.
*Cleveland Clinic compiles annual list of top innovations. Oct 31- The best medical innovations for next year include an almond-size device implanted in the mouth to relieve severe headaches and a handheld scanner resembling a blow dryer that detects skin cancer, the Cleveland Clinic said on Wednesday.
WASHINGTON, Oct 31- The U.S. Federal Reserve said on Wednesday that some banks continued to ease lending standards for businesses and consumers, while a number reported improved borrower appetite for real estate and auto loans in the last three months.