SINGAPORE, Nov 1- Brent crude hovered around $108.50 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand, although data pointing to recovery in China offered some support.
CNBC's Kayla Tausche reports the latest details on recovery efforts in New Jersey.
CNBC's Kate Kelly reports on potential problems facing storage facilities that gather and distribute gasoline and jet fuel to the New York City region.
The New Jersey shore was hit hard by the storm, wiping out entire economies, reports CNBC's Kayla Tausche.
New York area airports are preparing to become fully operational, reports CNBC's Courtney Reagan.
CNBC's Mary Thompson reports fuel supplies are diminishing and gas lines are growing in the Garden State. And CNBC's Scott Cohn has the update on recovery efforts in New York.
SINGAPORE, Nov 1- Brent crude edged down toward $108 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand and shrugged off data pointing to a recovery in China.
HOUSTON, Oct 31- Phillips 66' s increased access to cheaper crude oil from the United States and Canada boosted its quarterly profits above analyst expectations after the U.S. refining company spun off from ConocoPhillips earlier this year, the company reported on Wednesday.
*NYC could lose up to $1 billion total in economic activity. NEW YORK, Oct 31- The aftermath of super storm Sandy is costing New York City up to $200 million a day in permanently lost economic activity, including everything from the sale of pizza slices to corporate mergers and other Wall Street deals, the city's comptroller said on Wednesday.
*New Jersey Senators asked for more federal money. NEW YORK/ WASHINGTON, Oct 31- New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City.
NEW YORK, Oct 31- Massive storm Sandy could slow growth in the already weak U.S. economy to as little as 1 percent in the fourth quarter. A large chunk of property that was damaged as the storm raged through New Jersey, New York and beyond will be rebuilt or repaired, ranging from power plants and subway systems to beachfront towns hammered as Sandy struck the shore.
*AT&T, T-Mobile USA sign wireless roaming agreement. *Sprint, AT&T say making progress in network improvements. Sprint Nextel Inc, the No. 3 U.S. wireless provider, and AT&T, the No. 2 wireless service, said they were making progress in improving their wireless services.
*Ameridose says FDA asked it to improve sterility testing. *FDA concerned about availability of several drugs. The Westborough, Massachusetts- based company, which was closed on Oct. 10, said it had not received any reports of adverse reactions to the products it is recalling but that the FDA has asked it to improve its sterility testing processes.
*Four other New York hospitals already evacuated. evacuated, New York Mayor Michael Bloomberg said on Wednesday. About 500 patients at the city hospital near the East River in Manhattan are affected.
Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
*AT&T, T-Mobile USA sign wireless roaming agreement. *Sprint, AT&T say making progress in network improvements. Rivals AT&T Inc and T-Mobile USA said they agreed to open their networks to each other's customers in New York and New Jersey to help their coverage as a result of the storm.
*Phillips 66: Power back at Bayway refinery in Linden, New Jersey. NEW YORK, Oct 31- U.S. gasoline futures prices rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy.
NEW YORK, Oct 31- The first piece of post-storm advice after a major weather event like Sandy is always to call your insurance company. But what if your phone isn't working or you don't have Internet service? State Farm says as of Tuesday evening, it had logged 6,000 homeowners policy claims, and 900 car claims.
*Dow off 0.1 pct, S&P 500 up 0.02 pct, Nasdaq off 0.4 pct. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged lower in a session with slightly less than average volume.
*Lumber futures rise the $10 daily limit. *Home Depot shares rise on expected rebuilding. 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.