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Stock markets closed...Sandy prompts flight cancellations....Burger King tops forecasts

Monday - 10/29/2012, 11:39am  ET

NEW YORK (AP) -- The major U.S. stock and options exchanges are closed today because of Hurricane Sandy. It is the first such shutdown for the markets since September 2001. The New York Stock Exchange could remain closed tomorrow as well, depending on the severity of the storm.

WASHINGTON (AP) -- The Commerce Department says Americans increased spending in September at twice the rate their income rose. Consumer spending rose 0.8 percent, while incomes rose 0.4 percent.

NEW YORK (AP) -- Hurricane Sandy has prompted the cancellation of thousands of airline flights in the northeast U.S. And the effects of the storm have been felt around the globe, stranding passengers from Hong Kong to Europe

NEW YORK (AP) -- A number of major U.S. companies have postponed their quarterly earnings reports because of the storm. Pfizer, Thomson Reuters and NRG Energy are among those delaying reports to later this week.

MIAMI (AP) -- Burger King says its third-quarter profit dropped fell 83 percent as revenue was hurt by the stronger dollar. At the same time, earnings excluding one-time items topped analyst forecasts.


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