Oct 30- Citigroup Inc said it is ready for markets to re-open on Wednesday despite power outages in the waterside neighborhood around its trading floors and flood damage in a building where its investment bankers are based. It is also used by Citigroup's transaction services unit, which caters to corporations and governments around the world.
NEW YORK, Oct 30- The euro rallied against the dollar and yen on Tuesday after data showed the Spanish economy contracted slightly less than expected in the third quarter and Italy's borrowing costs fell at a sale of five- and 10- year debt.
Many of the damage estimates from Sandy are not yet fully known, with CNBC's Steve Liesman and Brian Shactman; and Meteorologist Todd Gross says we are still dealing with Sandy for 3 reasons: it has moved backwards East to West, the storm stalled, and because of its size.
Oct 30- More than 7.3 million homes and businesses along the U.S. East Coast were still without power Tuesday afternoon as the remnants of Hurricane Sandy continued to move across western Pennsylvania. Sandy made landfall in New Jersey Monday night.
NEW YORK, Oct 30- Residents of lower Manhattan faced up to four days without power on Tuesday as Consolidated Edison, New York City's power provider, scrambled to repair the damage wrought by Hurricane Sandy.
CNBC's Sharon Epperson breaks down the details of how to insure your home properly and avoid storm scams; and Tony Rodio, Tropicana Entertainment president & CEO, says the destruction in New Jersey is overwhelming, but Atlantic City came through as well as it could.
CNBC's Bob Pisani reports Duncan Niederauer, CEO of the NYSE Euronext, said the exchange's data center is in New Jersey and was unaffected by the story; and Janele Klein, The Weather Channel, says Sandy has brought 2 feet of snow already to West Virginia.
CNBC's Larry Kudlow says the human tragedy is the worst part of the Sandy story, and in terms of restoration from the storm, Kudlow says to not underestimate the power of the American spirit.
NEW YORK, Oct 30- U.S. gasoline and heating oil futures slid on Tuesday, pulling back from pre-Hurricane Sandy gains as several key East Coast refineries and pipelines restored operations and traders bet on an enormous hit to demand for fuel.
CNBC's Phil LeBeau reports one day after Sandy slammed into the East Coast, Newark, LaGuardia and JFK airports remain closed; Marc Magliari, Amtrak Media Relations Manager says some Northeast train services will begin operating tomorrow; and Ralph LaRossa, Public Service Electric & Gas Co. president and COO says more than 25 percent of customers services have been restored.
*Saks, Macy's hope to open in New York City on Wednesday. *Wal-Mart says holiday plans intact. Luxury department store Saks Inc said it would reopen on Tuesday three of the stores that it had to close because of Sandy, including stores in greater Washington and Philadelphia.
Meteorologist Todd Gross reports there are signs of Sandy re-strengthening. Assessing the damages from Sandy, with CNBC's Scott Cohn, Kayla Tausche and Mary Thompson; and Rep. Peter King (R-NY), discusses the devastation in New York due to the superstorm.
*NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open, although it would switch to fully electronic trading if necessary. Lower Manhattan, where Wall Street and the NYSE are located, lost power on Monday after being buffeted by Sandy, the worst storm to hit New York since at least 1938..
*Camden International says its 9 cocoa warehouses not damaged by storm. NEW YORK/ LONDON, Oct 30- Arabica coffee futures turned lower on Tuesday, giving back the previous session's gains, as many traders believed exchange stocks in U.S. East Coast warehouses were unscathed by Hurricane Sandy, one of the biggest storms ever to hit the region.
NEW YORK, Oct 30- The euro rallied against against the dollar and yen on Tuesday after data showed the Spanish economy contracted slightly less than expected in the third quarter and Italy's borrowing costs fell at a sale of five- and ten-year debt.
*Sandy leaves New York City, eastern U.S. crippled. NEW YORK, Oct 30- U.S. gasoline and heating oil futures pulled back on Tuesday on the expected enormous hit to demand for fuel after Hurricane Sandy cut a destructive path across the East Coast of the United States.
*Exelon declares alert at NJ Oyster Creek reactor. *Exelon says no threat to public health or safety. Exelon Corp's 43- year-old Oyster Creek plant in New Jersey remains on ``alert'' status, the U.S. Nuclear Regulatory Commission said early Tuesday.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
*Philadelphia's 330,000- bpd refinery restarting. *Hess 70,000- bpd NJ refinery, Imperial plant suffer outages. NEW YORK, Oct 30- The second-largest refinery on the U.S. East Coast has suffered ``some'' flooding and a power outage from Hurricane Sandy, while two smaller plants also lost power, as glitches threaten to slow the recovery in fuel supplies.
Oct 30- Citigroup Inc said on Tuesday that a Manhattan building where investment bankers work sustained minor flooding from Hurricane Sandy and had no power. It also houses staff for Citigroup's transaction services unit, which caters to corporations and governments around the world.