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Top News & Analysis United States

  • LONDON, Oct 30- Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.

  • *Argentina is world's No. 2 corn exporter after the U.S. BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season because of violent storms that have lashed the Pampas farm belt over the last three months, a local expert said on Tuesday.

  • *Saks, Macy's hope to open in New York City on Wednesday. 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.

  • *Boeing sees up to $27 bln in Russian titanium buying. MOSCOW, Oct 30- Boeing Co will sell 35 of its 737 MAX airliners to an aircraft leasing arm of Russian Technologies in a deal worth $3.5 billion, the companies said on Tuesday.

  • Oct 30- Here is a look at platinum production in South Africa as strike-hit South African miner Lonmin, the world's third-largest platinum producer, plans to raise $800 million from its investors to help slash debt. In 2012 South Africa was gripped by its worst labour unrest in decades following a violent strike that broke out at Lonmin's Marikana mine in August.

  • WASHINGTON, Oct 30- The U.S. home vacancy rate, which measures empty properties and those for sale, fell to the lowest level in seven years in the third quarter as demand for housing picked up and economic pressures eased.

  • Oct 30- U.S. East Coast electric companies say outages from Hurricane Sandy so far have hit more than 8.1 million homes and businesses, the U.S. Department of Energy said in a report early on Tuesday.

  • *Navistar aims to save up to $175 mln next year. NEW YORK, Oct 29- U.S. truck and engine maker Navistar International Corp is willing to look at the possible sale of any part of its business as it tries to return to profitability, but it is not willing to consider fire-sale prices for its assets, interim Chief Executive Lewis Campbell said on Monday.

  • LONDON, Oct 30- World shares rose modestly in subdued trading on Tuesday as investors waited to see the full impact of a massive storm that wrought destruction across the eastern United States.

  • *NYSE, Nasdaq OMX testing trading systems on Tuesday. Oct 30- U.S. stock exchanges are looking at opening on Wednesday after monster storm Sandy receded from New York, sources said, and the New York Stock Exchange is testing a new plan to help resume trading. Plans to resume trading will be complicated by the lingering effect of the storm on New York.

  • NEW YORK, Oct 30- The biggest U.S. East Coast refinery in Philadelphia began restoring production after Hurricane Sandy on Tuesday and a smaller nearby plant operated without trouble as energy firms began assessing the storm's damage.

  • *Storm forces two-thirds of U.S. East Coast refineries to shut. LONDON, Oct 30- Brent crude fell towards $109 on Tuesday on concerns about weak demand from the U.S. East Coast in the aftermath of storm Sandy, that swept through the area shutting refineries, roads and airports.

  • MILAN, Oct 30- Fiat downshifted its full-year forecasts to the lower end of its range on Tuesday and said net debt would overshoot a previous target by as much as one billion euros in the face of a persistently weak European car market.

  • NEW YORK, Oct 30- At least 7.3 million homes and businesses on the U.S. East Coast were without power on Tuesday after Hurricane Sandy tore down power lines, flooded networks and sparked an explosion at a Consolidated Edison substation on Manhattan's East River.

  • LONDON, Oct 30- Gold prices firmed on Tuesday as stock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key U.S. jobs report due later this week. Spot gold was at $1,710.61 at 1430 GMT, up 0.1 percent, while U.S. gold futures for December rose $2.50 to $1,711.20.

  • *Home prices rise for 7th month in a row. NEW YORK, Oct 30- U.S. home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.

  • LONDON, Oct 30- British oil group BP Plc raised its dividend on Tuesday, confident it can fight back from a devastating U.S. oil spill with a big pile of cash, a rejigged business in Russia and a focus on exploration and production.

  • *Job losses mostly in Switzerland, United States, Britain. *Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. Zurich- based UBS will focus on wealth management and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis.

  • NEW YORK- Millions of people across the eastern United States awoke on Tuesday to scenes of destruction wrought by monster storm Sandy, which knocked out power to huge swathes of the nation's most densely populated region, swamped New York's subway system and submerged streets in Manhattan's financial district.

  • NEW YORK Oct 30- At least 7.3 million homes and businesses on the U.S. East Coast were without power on Tuesday after Hurricane Sandy tore down power lines, flooded networks and sparked an explosion at a Consolidated Edison substation on Manhattan's East River.