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Hurricane Sandy Forces US Exchanges To Close For Second Day

**US Exchanges will be closed again today due to Hurricane Sandy, this means that Abshire-Smith clients are unable to trade US Indices**

Headlines

UBS shares rally after announcement of cost cutting , with the loss of 10,000 jobs in the investment bank

Direct Line cuts 70 jobs in senior management as part of £100m cost saving plans by 2014

New Look has moved to reassure suppliers over its financial position, following an industry blog stating it was poised to enter administration/CVA - FT

US regulators are taking more time to decide whether to approve Nasdaq OMX Group's plan to make up losses in the $FB IPO –WSJ

An influential group of MPs and peers is to probe HBOS collapse today – CityAM

Fixed income boosts Nomura as Europe bits – CityAM

Deutsche Boerse cuts 2012 revenue target due to weak markets

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