The President will travel to New Jersey to view the storm damage area. CNBC's John Harwood reports on whether Sandy will impact the election.
Quentin Hardy and Jenna Wortham of The New York Times report that as computer centers in Lower Manhattan and New Jersey shut down or went to emergency operations after power failures and water damage on Monday night, companies scrambled to move the engines of modern communication to other parts of the country.
CNBC's Scott Cohn reports on the opening of the Big Board today, as Lower Manhattan springs to life after Super Storm Sandy hit the area. And, a look at recovery efforts at the New Jersey shore, with CNBC's Kayla Tausche.
*Power outages, flooding hit U.S. East Coast after Sandy. SINGAPORE, Oct 31- Brent crude held steady near $109 a barrel on Wednesday after the huge storm Sandy whiplashed the U.S. East Coast, reducing fuel demand even as refineries in the region gradually resumed operation.
*Three major New York area airports still closed. *JFK, Newark to resume limited services Wednesday.
Markets and airports reopened in New York and New Jersey on Wednesday, with President Barack Obama due to arrive in the region to see the worst of the damage for himself.
Oct 30- Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort's casino companies wager they could be back in business within days.
*NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open as usual, although it was prepared to switch to fully electronic trading if necessary. ``We have a green light,'' the chief operating officer of NYSE Euronext, Larry Leibowitz, said in an interview.
NEW YORK, Oct 30- As residents and businesses clean up from one of the worst storms to hit the U.S. East Coast in memory, investors are preparing for the stock market reaction by betting on or against insurers, casino companies and home improvement stores.
Late Tuesday, Port Authority of New York and New Jersey said it was possible that there would be limited service on Wednesday at John F. Kennedy International Airport. Airlines said they planned to restart service Tuesday at some East Coast airports, including Boston and Philadelphia.
Oct 30- Citigroup Inc said it was ready for markets to re-open on Wednesday despite power outages in the waterside neighborhood where it is located and flood damage in a building where its investment bankers work. It is also used by Citigroup's transaction services unit, which caters to corporations and governments around the world.
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.
*Philadelphia's 330,000- bpd refinery restarting. *Hess 70,000- bpd NJ refinery, Imperial plant suffer outages.
*Verizon has flooding central offices, West Street out of action. *AT&T, T-Mobile USA, Sprint suffer service problems. While all the region's telecom service providers were having problems, Verizon Communications, which serves many of the states in the hurricane's path, may have suffered some of the worst damage from the storm to its wireline network.
Oct 30- U.S. East Coast electric companies report that outages from Hurricane Sandy have hit more than 8.2 million homes and businesses, the U.S. Department of Energy said in a report early on Tuesday.
Airlines said they planned to restart service Tuesday at some East Coast airports, including Boston and Philadelphia.
*JFK, LaGuardia and Newark airports are closed until further notice, according to the Port Authority. *US Airways Group Inc is not operating in New York, Washington, Philadelphia, Boston and several other Northeast airports on Tuesday. *American Airlines has flights scheduled into Richmond, Virginia, several Ohio airports, Pittsburgh and Boston on Tuesday.
*NYSE, Nasdaq OMX testing trading systems on Tuesday. *NYSE could switch to electronic trading if necessary. NYSE Euronext said the New York Stock Exchange would open, although it would switch to fully electronic trading if necessary.
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.