Business Today: World shares firm as U.S. storm damage seen limited

		Click to View in Browser 10/30/2012 World shares firm as U.S. storm damage seen limited LONDON (Reuters) - World shares rose modestly while the dollar fell on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared. Stock index futures edge lower; cash indexes shut LONDON (Reuters) - U.S. stock index futures traded a touch lower on Tuesday, with cash equity indexes set to remain closed for a second day due to a severe storm hitting the East Coast. Ford profit beats forecasts on record North America margins DETROIT (Reuters) - Ford Motor Co on Tuesday posted a third-quarter profit that trounced expectations due to higher vehicle prices worldwide and record-high profit margins of 12 percent in North America. UBS to slash 10,000 jobs in fixed income retreat ZURICH (Reuters) - UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. NYSE to test new plan; trading floor undamaged by storm (Reuters) - NYSE Euronext said it plans to test a new contingency plan to help resume stalled U.S. equity trading, and added that its famed trading floor is not yet damaged by Sandy, one of the biggest storms to hit the United States. Russia to spend $3.5 billion on 35 planes from Boeing MOSCOW (Reuters) - State-owned industrial and defense vehicle Russian Technologies is to buy 35 737 MAX planes from U.S. aerospace company Boeing Co for $3.5 billion, the companies said in a joint statement on Tuesday. Fuel supplies should recover fast post-Sandy: BP LONDON (Reuters) - Fuel supplies to the U.S. North East should recovery fast in the aftermath of Hurricane Sandy, according to the chief executive of BP Plc , which has no refineries in the affected region but which operates supply infrastructure there. Insight: A giant storm and the struggle over closing Wall Street NEW YORK (Reuters) - At 6:30 p.m. on Sunday night, with Hurricane Sandy bearing down on the U.S. East Coast, New York Stock Exchange operator NYSE Euronext had more immediate problems: a revolt from the trading firms that are its lifeblood. German joblessness rises as euro zone crisis bites BERLIN (Reuters) - German joblessness rose for a seventh month in a row in October, highlighting the vulnerability of Europe's biggest economy to the euro zone crisis. Euro zone sentiment eases less than expected in October BRUSSELS (Reuters) - Euro zone economic sentiment fell less than expected in October, data showed on Tuesday, thanks to small improvements in optimism among consumers and in the retail sector, which helped limit the downward pull from industry, services and construction. Related Video U.S. Morning Call: NYC floods; NYSE tests contingency plan Breakingviews: UBS euphoria overdone Economic News Economy may skirt direct hit from Hurricane Sandy Consumers drive growth as businesses hold back A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend