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Top News & Analysis United States

  • *Combined losses could top $6 bln in Europe in 2012-13. PARIS/ DETROIT, Nov 3- Ford Motor Co, which clung to the road with a timely swerve before the 2009 crisis that bankrupted General Motors Co, may now be pulling a similar stunt in Europe.

  • NEW YORK, Nov 3- While power returned to much of Manhattan and fuel supplies were headed for the disaster zone, residents of some of the hardest-hit areas faced a long wait for electricity and help after superstorm Sandy's devastating strike on the U.S.

  • NEW YORK, Nov 3- When Jeroen Aerts, a Dutchman tasked with crafting a plan to defend New York City from flooding, first looked at its coastline seven years ago, he was taken aback by how vulnerable it was.

  • By Edith Honan and Michelle Nichols. NEW YORK, Nov 2- Tempers frayed in long gas lines and millions were still without electricity across the U.S. Northeast on Friday as the death toll from superstorm Sandy hit 102 and crews searched for more victims in devastated communities in New York and New Jersey.

  • New York City canceled its annual marathon in the face of mounting anger as utilities restored power to about a million East Coast homes and businesses but still had about 3.5 million customers in the dark four days after Sandy hit the U.S. coast.

  • Trustee offers three-weeks to comment on proposals. NEW YORK, Nov 2- Despite their strong opposition, law firms would be still have to disclose extensive details about billing practices under the latest proposals to overhaul how lawyers are compensated when they handle bankruptcies.

  • *FDA tries to plug supply gaps left by Ameridose shutdown. BOSTON, Nov 2- Ameridose LLC, sister company to the pharmacy at the heart of a meningitis outbreak in the United States, agreed on Friday to extend its closure by two weeks while state and federal investigators continue to examine its facilities.

  • ROCHESTER, N.Y.-- Wegmans is recalling its organic spinach and spring mix salads for possible E. coli bacteria amid 16 cases of sickened people in western New York.

  • WASHINGTON, Nov 2- The U.S. government on Friday sought to ease the fuel crunch that hit the Northeast after Hurricane Sandy, saying it would provide emergency responders with diesel from national reserves, and also allowing foreign tankers in the Gulf of Mexico to bring fuel to the region.

  • Nov 2- Delta Air Lines and JetBlue Airways on Friday said flight cancellations as a result of superstorm Sandy will hurt their fourth-quarter results, denting both revenues and earnings.

  • *Traffic on Manhattan bridges, tunnels down 48 pct vs normal. NEW YORK, Nov 2- A third day of gasoline ``panic buying'' among storm-stricken New York area motorists prompted authorities on Fr iday to tap strategic oil reserves and waive shipping regulations even as limited deliveries resumed in the battered region.

  • NEW YORK, Nov 2- Stronger-than-expected hiring by U.S. employers in October and a small increase in the jobless rate will have a neutral or insignificant impact on U.S. presidential elections next week, according to most economists surveyed in a Reuters poll on Friday.

  • NEW YORK, Nov 2- Regardless of the results of Tuesday's U.S. presidential election, the next four years will be a tough act to follow from Wall Street's vantage point. ``The market might like the fact of an Obama win since it would mean less uncertainty,'' said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research, in Cincinnati.

  • *Jones Act shipping waivers to ease East Coast fuel crunch. NEW YORK, Nov 2- Crude oil and gasoline futures fell more than 2 percent on Friday after Washington issued a waiver allowing foreign tankers to bring fuel to the East Coast from U.S. ports, holding out some promise of relief from supply disruptions caused by superstorm Sandy.

  • WASHINGTON, Nov 2- Around the time of the 2008 global financial meltdown, consumer products giant Unilever decided to make a dramatic shift in strategy, away from meeting investors' quarterly expectations to a long-range plan that treads lightly on the environment and supports social goals.

  • *Sale is for $500 million, person close to the deal says. Nov 2- Warren Buffett's Berkshire Hathaway Inc said it would buy Oriental Trading Co, a toy and party supplies company that is partially owned by private equity firm KKR& Co LP, for an undisclosed sum.

  • Nov 2- The number of filling stations in New York City, Long Island and New Jersey that were operating after Hurricane Sandy rose slightly on Friday, updated AAA data showed. ``We have seen some stations open as power is restored, but other stations have closed after running out of gas.

  • Nov 2- U.S. utilities restored power on Friday to about a million East Coast homes and businesses plunged into darkness by Hurricane Sandy, a slowdown from the past two days, as crews began to work on the hardest-hit areas that may take days to fix.

  • NEW YORK, Nov 2- Some 3.5 million customers in 11 states were still without power on Friday afternoon, down only slightly from 3.6 million reported earlier in the day, the U.S. Department of Energy's Office of Electricity Delivery& Energy Reliability said in a report.

  • *Cocoa rallies on Ghana supply squeeze, bucking weak trend. NEW YORK, Nov 2- Oil prices tumbled on Friday as foreign tankers were allowed to bring fuel from U.S. ports to the Northeast to ease a supply crunch after Hurricane Sandy, and metals and other key commodities fell on worries the devastation from the storm could hamper the economic recovery.