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Utilities

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Clearing members warn recovering money after Nasdaq deal could take a long time

OSLO, Nov 16 It could take more than a year to recover funds from a trader whose default forced members of the Nasdaq Commodities exchange to plug a $130 million hole, two market participants told Reuters, a day after the trader struck a deal with creditors.

UPDATE 2-Dead, number of missing rise in wildfire-ravaged California town

PARADISE, Calif., Nov 16 Rescue teams sifted through burned homes and vehicles on Friday for the remains of victims in the northern California town of Paradise, as the number of those missing in the state's deadliest wildfire spiked to 630 people.

Stock Quote, 8:58am EST

GLOBAL LNG-Asian spot prices retreat again as shipping clogs up

LONDON, Nov 15 Asian spot prices for liquefied natural gas (LNG) fell this week despite several Japanese buyers in the market, as sellers held onto cargoes hoping for higher bids and used tankers as storage, which also reduced ship availability for other deals.

UPDATE 5-ABB talking to three Asian suitors about Power Grids sale - sources

* ABB shares rise as much as 4 percent (Adds share price reaction, timing of deal, analyst)

Industrials, 6:29am EST

Wildfire that destroyed California town leaves 63 dead and 630 missing

PARADISE, Calif., Nov 16 Rescue workers searched on Friday for 630 people reported missing in a northern California town reduced to ashes by the deadliest wildfire in state history.

Stock Quote 6:18am EST

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