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  • HATTERAS ISLAND, N.C., Oct 27- Hurricane Sandy closed in on the United States on Saturday as it threatened to hit the eastern third of the country with torrential rains, high winds, major flooding and power outages a week before U.S. presidential and congressional elections.

  • UPDATE 1-White House: not crafting new tax cut plan Saturday, 27 Oct 2012 | 7:09 PM ET

    ABOARD AIR FORCE ONE, Oct 27- President Barack Obama will continue to push for middle-class tax cuts as part of his economic agenda, but the White House is not considering a specific new tax cut plan at this time, a spokesman for Obama said on Saturday. It is something he'll continue to push for,'' White House spokesman Josh Earnest told reporters.

  • 'Frankenstorm': Worse than sum of its parts Saturday, 27 Oct 2012 | 6:10 PM ET

    WASHINGTON-- The storm that is threatening 60 million Americans in the eastern third of the nation in just a couple of days with high winds, drenching rains, extreme tides, flooding and probably snow is much more than just an ordinary weather system. Start with Sandy, an ordinary late summer hurricane from the tropics, moving north up the East Coast.

  • *Hitachi made best offer, looks set to win- source. TOKYO/ DUESSELDORF, Germany, Oct 27- Hitachi Ltd, Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon, two people familiar with the matter told Reuters.

  • UPDATE 4-Hurricane Sandy closes in on U.S. East Coast Saturday, 27 Oct 2012 | 4:16 PM ET

    HATTERAS ISLAND, N.C., Oct 27- Hurricane Sandy closed in on the United States on Saturday, where it threatens to hit the eastern third of the country with torrential rains, high winds, major flooding and power outages a week before U.S. presidential and congressional elections.

  • 'Frankenstorm': Worse than sum of its nasty parts Saturday, 27 Oct 2012 | 3:38 PM ET

    WASHINGTON-- The storm that is threatening 60 million Americans in the eastern third of the nation with persistent high winds, drenching rains, extreme tides and heavy flooding is not one simple weather system. The hurricane is being steered by a giant ridge of air centered over Greenland, blocking its normal path north.

  • NEW YORK, Oct 27- Hurricane Sandy is charging up the East Coast as a cold front is tearing across the U.S. from the west and an arctic blast is barreling down from the north. Valerie Dziengiel isn't worried one bit.

  • Spain anti-austerity protests draw thousands Saturday, 27 Oct 2012 | 2:52 PM ET

    MADRID-- Several thousand people marched to Spain's parliament in an anti-austerity protest Saturday, but were held back from surrounding the building by metal rail barricades and a large police presence.

  • JOHANNESBURG, Oct 27- Workers have reached a deal with Anglo American Platinum to reinstate 12,000 miners sacked for an illegal strike, which could end the last big industrial action that has rocked South Africa's massive mining sector.

  • I'm back: Berlusconi's post-conviction about-face Saturday, 27 Oct 2012 | 1:35 PM ET

    ROME-- Former Premier Silvio Berlusconi has responded to his tax fraud conviction with a full-out attack on the government of Mario Monti, warning his party might withdraw its support because of what he considers Monti's counterproductive fiscal reforms.

  • Johnson Controls declines lender role for A123 Saturday, 27 Oct 2012 | 11:15 AM ET

    MILWAUKEE-- Auto parts maker Johnson Controls is stepping away from its position as the debtor-in-possession lender during the bankruptcy process for battery maker A123 Systems in order to prevent delays.

  • Minister: Germany close to balanced budget in 2013 Saturday, 27 Oct 2012 | 10:55 AM ET

    BERLIN-- Germany's finance minister says the government will come close to balancing its budget next year as economic growth outpaces public spending.

  • Young millennials _ fiscal conservatives? Saturday, 27 Oct 2012 | 10:40 AM ET

    Listen to Caroline Winsett, a senior at DePaul University, who considers herself fairly socially liberal but says being fiscally conservative matters most right now. "Ultimately, I'm voting with my pocketbook," says Winsett, a 22- year-old political science major who's president of the DePaul student body.

  • MIAMI, Oct 27- Hurricane Sandy was downgraded on Saturday morning but remained highly menacing as it pulled away from the Bahamas, making a slow path toward the U.S. northeast coast where it threatens to become one of the worst storms in decades.

  • Russian opposition leaders detained in Moscow Saturday, 27 Oct 2012 | 10:25 AM ET

    MOSCOW-- Moscow police on Saturday briefly detained several opposition leaders as well as a dozen other activists while they were protesting against the intensifying crackdown on Russian opposition. But days later, he disavowed his confession and filed a complaint over what he said was his abduction from Ukraine.

  • *BP, Justice Department seek to settle civil, criminal charges.

  • *Hitachi made best offer, looks to win- source. TOKYO, Oct 27- Hitachi Ltd, Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon in a deal expected to be worth more than 50 billion yen, Japanese media said on Saturday.

  • Spanish police protest the loss of Christmas bonus Saturday, 27 Oct 2012 | 9:27 AM ET

    MADRID-- About 3,000 off-duty police officers are demonstrating in Madrid to protest the government's austerity measures, including the cancellation of their Christmas bonuses. Saturday's protest blocked one of the capital's central boulevards opposite the Interior Ministry.

  • MIAMI, Oct 27- Hurricane Sandy was downgraded on Saturday morning but remains a highly menacing tropical storm likely to have a major impact on the northeastern United States early next week, forecasters said.

  • Russian opposition leaders detained Saturday, 27 Oct 2012 | 9:17 AM ET

    MOSCOW-- Russian opposition leaders have been detained while protesting what they say is the torture of a fellow activist. The three men were among hundreds of people gathered in central Moscow to protest an increasingly relentless crackdown on the opposition in Russia.