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Top News & Analysis United States

  • *Costco, Nordstrom, Rite Aid say storm may affect November sales. Costco Wholesale Corp, Nordstrom Inc and Rite Aid Corp all said on Thursday that November sales would suffer because of store closures due to Sandy, one of the largest storms to ever hit the United States. Costco, however, said the effects would be minimal.

  • Nov 1- More than 4.6 million homes and businesses along the U.S. East Coast remained without power on Thursday after Hurricane Sandy battered the region. Sandy made landfall in New Jersey on Monday night. Power companies have reported a peak of nearly 8.48 million customers without power, according to a U.S. Department of Energy report.

  • Nov 1- Disaster modeling company Eqecat now estimates that monster storm Sandy caused up to $20 billion in insured losses and $50 billion in economic losses in the United States, the company said on Thursday.

  • Nov 1- Marathon Petroleum Corp reported a better-than-expected quarterly profit on Thursday, though results were helped by the sale of assets in Minnesota, but suffered in the company's core refining unit.

  • NEW YORK, Nov 1- New Yorkers awoke to the rumble of subway trains for the first time in four days on Thursday and the death toll continued to rise from the former hurricane Sandy, one the biggest and most devastating storms ever to hit the United States.

  • LONDON/ HOUSTON, Nov 1- The world's top oil and gas companies are struggling to improve output and failing to capture the full value of a resilient price for crude oil while weak gas prices in the United States take their toll.

  • *Geithner wants FSOC to step in after SEC failed to act.

  • Nov 1- More than 4.7 million homes and businesses along the U.S. East Coast remained without power on Thursday after Hurricane Sandy battered the region. Sandy made landfall in New Jersey on Monday night. Power companies have reported a peak of nearly 8.48 million customers without power, according to a U.S. Department of Energy report.

  • NEW YORK, Nov 1- U.S. stocks extended gains on Thursday after data showed consumer confidence climbed to a more than four-year high in October and the pace of growth in U.S. manufacturing picked up modestly. The Dow Jones industrial average gained 136.16 points, or 1.04 percent, to 13,232.62. The S&P 500 gained 10.81 points, or 0.77 percent, to 1,422.97.

  • LONDON, Nov 1- BP's decision to scrap plans for a U.S. cellulosic ethanol refinery is a setback for second generation biofuels and opens the door to alternatives including Brazilian sugar ethanol, biodiesel and electric vehicles.

  • NEW YORK, Nov 1- U.S. companies added 158,000 jobs in October in the biggest gain in eight months, data from a payrolls processor showed on Thursday in a revamped report on the private sector labor market. Un der the old method, Sep tember's gain was originally reported as 162,000..

  • NEW YORK, Nov 1- U.S. companies added 158,000 jobs in October, data from a payrolls processor showed on Thursday in a revamped report on the private sector labor market. The ADP National Employment Report showed September's job gains were revised up to 114,000 after initially being revised to 88,200 as part of ADP's new methodology.

  • *Cuts focused on Europe; Visteon to close Philippines plant. *Delphi third-quarter EPS $0.84 vs est $0.73. Nov 1- Auto parts suppliers Visteon Corp and Delphi Automotive Plc said they were accelerating cost cutting as carmakers slash production in the face of slowing demand, especially in Europe.

  • NEW YORK, Nov 1- The pace of growth in the U.S. manufacturing sector picked up modestly in October as new orders improved, though a measure of employment slowed, an industry report released on Thursday showed.

  • WASHINGTON, Nov 1- U.S. construction spending rose in September by the most in three months as stronger spending on homes made up for drops in business and government projects. Construction spending climbed 0.6 percent to an annual rate of $851.6 billion, the Commerce Department said on Thursday. That was in line with analysts' forecasts in a Reuters poll.

  • NEW YORK, Nov 1- U.S. consumer confidence rose in October to its highest in more than four years, according to a private sector report released on Thursday. The Conference Board, an industry group, said its index of consumer attitudes gained to 72.2 from a downwardly revised 68.4 in September.

  • *Yen dips on worries about Japan, importer selling. NEW YORK, Nov 1- The euro rose against the dollar on Thursday after data painted an improving outlook for the U.S. labor market and prompted investors to move away from the safe-haven U.S. currency.

  • BOSTON, Nov 1- William Gross, co-chief investment officer of America's biggest bond mutual fund, said recent U.S. policies are not generating the kind of growth needed to kick-start the economy and may usher in ``disruptive financial markets'' in the future.

  • CHICAGO-- CBOE Holdings Inc. reported a decline in its third-quarter profit but the exchange operator did better than most on Wall Street had expected and shares jumped Thursday. CBOE, which runs the VIX or "fear" index, also said it saw record volume in trading of VIX futures during the period.

  • NEW YORK, Nov 1- U.S. stocks opened higher on Thursday after a pair of positive signs on the labor market pointed to improving conditions a day before the U.S. nonfarm payroll report. The ADP report showed more private-sector jobs created in the latest month than expected, while weekly jobless claims were lower than forecast.