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Hurricane Sandy will close stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning on the month’s final trading day on Wednesday. Stock markets closed on Monday due to weather for the first time in 27 years. Bond markets closed early, at noon, as winds and waves from Hurricane Sandy lashed the Eastern seaboard. NYSE Euronext and Nasdaq OMX Group , the largest two U.S. exchange operators, said they intend to reopen Wednesday, conditions permitting. The bond markets will also close on Tuesday, with traders aiming to [...]

Stock and bond markets will be closed on Tuesday, as Hurricane Sandy forced Wall Street to shut down trading for at least a second straight day. NYSE Euronext and Nasdq OMX Group said they made their decision in consultation with industry executives and regulators, and intend to reopen Wednesday, conditions permitting. BATS Global Markets, the No. 3 U.S. stock exchange, also said it will be closed on Tuesday. BATS said it was monitoring the situation before providing an update on its Wednesday plans. “It doesn’t make sense to put people in harm’s way or to only have half a market,” [...]

NEW YORK Markets for stocks, options and other exchange-based derivatives will remain closed on Tuesday due to Hurricane Sandy, the top exchange operators said on Monday, when markets were also shut. No decision had been made on whether to reopen on Wednesday, when the worst of the storm was to have passed the financial center of New York, according to NYSE Euronext , Nasdaq OMX and BATS Global Markets. “We intend to re-open our U.S. markets on Wednesday … conditions permitting; updates will be provided tomorrow,” the Big Board parent said in an email. (Reporting by Jonathan Spicer; Editing by James Dalgleish)

A scheduled speech by New York Federal Reserve Bank President William Dudley on Tuesday in Stamford, Conn. has been cancelled due to the inclement weather, the bank said in a statement. Fed watchers typically pay close attention to Dudley’s views, in part because he is seen as a close confidante of Fed Chief Ben Bernanke. Dudley is a permanent voting member of the Fed’s interest-rate setting committee.

BERLIN German Chancellor Angela Merkel will fly to Athens on Tuesday to meet Greek Prime Minister Antonis Samaras, her spokesman said on Friday, her first trip to Greece since the euro zone debt crisis erupted there. “It is a trip that of course happens to the backdrop of this very difficult situation that Greece is going through right now, the massive adjustment and reform measures that have shaped Greece for the past two years,” Merkel’s spokesman Steffen Seibert said. “We see that the reform efforts have increased under the Samaras government and we want to support that.” Samaras told German [...]

SAN FRANCISCO – Hewlett-Packard on Tuesday said Henry Gomez, a former eBay Inc. executive, will join the company as H-P’s new chief communications officer. Gomez, who had served as president of Skype and eBay’s …

WASHINGTON – Fannie Mae Chief Executive Michael Williams plans to step down from his position when a new CEO is appointed, according to the agency Tuesday. “I decided the time is right to turn over the reins to a new leader. As I told…

WASHINGTON – Sandra Pianalto, the president of the Cleveland Fed who has rotated to become a voting member of the Federal Open Market Committee, on Tuesday said past Federal Reserve interest rate and monetary policy decisions have worked as she hinted she…

HONG KONG – The Chinese Communist Party newspaper People’s Daily will seek to raise up to 527 million yuan ($83.4 million) in an initial public offering of its website arm, according to a report Tuesday by…

Groupon Inc shares fell a lot more than seven % on Tuesday on problem merchants might not operate a great deal a lot more of the company’s every day deals in coming months.

Susquehanna Economic Group and everyday offer market tracking company Yipit surveyed almost four hundred merchants not too long ago about their encounters operating everyday deals with Groupon, LivingSocial and other suppliers.

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