Rabu, 31 Oktober 2012

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Kenanga ups Tenaga's target price

Posted: 31 Oct 2012 07:13 PM PDT

Kenanga Research raised its target price on Tenaga Nasional Bhd to RM8.05 from RM7.90 after Malaysia's largest energy provider posted a full-year net profit of RM3.35 billion in line with market estimates.

The brokerage maintained its "outperform" call on the stock.

Costs for the financial year ended Aug. 31 were contained with higher coal usage and gas supply, said Kenanga in a report on Thursday.

Kenanga added that the downside risk to Tenaga is limited after assurance from the government that compensations for fuel costs will continue, as asserted by the company this week.

Discounting the compensation of RM1.48 billion for the full year, net profit rose 34.2 percent to RM2.9 billion from RM2.2 billion.

Shares of the company rose 0.72 percent to RM7. -- Reuters

Carlsberg gets 'outperform' call

Posted: 31 Oct 2012 07:13 PM PDT

Kenanga Research initiated coverage of Carlsberg Brewery Malaysia Berhad with an "outperform" call, given the brewer's strength in the niche beer market.

The brewer has the second-biggest market share in Malaysia, at 40 percent. The firm's niche products will help the company expand market share by 1.5 percent by June, Kenanga said in a note on Thursday.

"Carlsberg is the leader in the super premium segment, albeit the segment is still relatively new and small," Kenanga said.

"We believe that Carlsberg will be better positioned to compete with Guninness Anchor Berhad with its new locally brewed Asahi and the fast-growing Kronenbourg."

Kenanga set a target price of RM14.10 per share.

At 9.38 am, Carlsberg shares were down 0.46 percent at RM13.02, while the benchmark composite index was up 0.22 percent at 1,676.95. -- Reuters

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Superstorm Sandy: State-by-state snapshot - CBS News

Posted: 31 Oct 2012 08:47 AM PDT

Last Updated 11:36 a.m. ET

The massive storm that started out as Hurricane Sandy slammed into the East Coast and morphed into a huge and problematic system, killing at least 55 people in the United States. Power outages now stand at more than 6.3 million homes and businesses, down from a peak of 8.5 million. Here's a snapshot of what is happening, state by state.

Connecticut

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Sandy leaves Conn. families without power

Widespread damage to homes on Long Island Sound. Fires also destroyed three multimillion-dollar homes in Greenwich.

The body of a missing man has been recovered in Milford, bringing the state's death toll from superstorm Sandy to three.

Power outages: 482,000, down from a peak of more than 620,000.

The Coast Guard says operations are resuming in the Port of Long Island Sound.

Delaware

Some southern coastal areas remain underwater, but officials say the damage is far less than anticipated. Power outages: 7,400, down from more than 45,000.

Illinois

High waves and flooding are possible on the Lake Michigan shore on Wednesday in Chicago.

Kentucky

As much as a foot of snow fell in higher elevations of Appalachian Kentucky.

29 Photos

Superstorm Sandy: State-by-state snapshots

Maine

Port of Portland reopened, but ocean conditions remained dangerous with high winds. Power outages: More than 16,000, down from more than 90,000.

Maryland

Eastern Maryland cleaned up from storm surge, while western Maryland dealt with as much as 29 inches of snow. Dueling disasters are straining emergency resources. Deaths: 2. Power outages: Nearly 300,000, down from 290,000.

Massachusetts

Continued cleanup from fallen trees and damage to homes and businesses, but relief that storm wasn't worse. Many schools remained closed. Power outages: 106,000, down from 400,000.

Michigan

Cargo shipping on the Great Lakes was at a standstill because of waves of up to 20 feet. Power outages: 40,600, down from more than 150,000.

New Hampshire

A construction worker checking on a job site in Lincoln was killed in a landslide. Deaths: 1. Power outages: 81,000, down from 210,000.

New Jersey

Fires that destroyed several homes in a shore town rekindled, fueled by natural gas. National Guard arrived to evacuate residents of Hoboken and distribute supplies.

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Responders rush to rescue flooded N.J. Town

Play Video

Officials: Several N.J. Barrier island beaches disappeared

CBS News correspondent Elaine Quijano reports that the only firehouse in Moonachie, N.J., was destroyed. Teams from surrounding towns joined the New Jersey National Guard in the effort to save hundreds of people.

"We can only get so close to the homes, so if we have to get out of the vehicle and assist getting them up, we will," Staff Sgt. Katie Cataldo told Quijano.

President Barack Obama planned to visit Atlantic City, N.J., which was directly in the storm's path Monday night and where part of the historic boardwalk washed away. Gov. Chris Christie said he plans to ask the president to assign the Army Corps of Engineers to work on how to rebuild beaches and find "the best way to rebuild the beach to protect these towns."

Outages in the state's two largest cities, Newark and Jersey City, left traffic signals dark, resulting in fender-benders at intersections where police were not directing traffic.

At one Jersey City supermarket, there were long lines to get bread and use an electrical outlet to charge cellphones.

Deaths: 6. Power outages: 2.1 million, down from 2.7 million.

New York

Play Video

Breezy Point, Queens goes up in flames

Traffic choked city streets as residents tried to return to work in a New York City whose subway system remained crippled. Security concerns abound at night in areas without power but the city is promising vigilance. Utilities say it could be days before power is fully restored there and on Long Island.

While some bus service resumed and some bridges reopened, transit officials said they couldn't predict when the subway would run again after suffering the worst damage in its 108-year history.

Mayor Michael Bloomberg rang the bell at the New York Stock Exchange Wednesday morning, reopening it after a rare two-day closure.

Deaths: 29, including 22 in New York City. Power outages: 1.9 million, down from 2.2 million.

North Carolina

Play Video

Video: Dramatic HMS Bounty ship rescue

The search continued off the coast for the captain of a tall ship that sank as Sandy headed north. Parts of western North Carolina saw continued snow.

Deaths: 2. Power outages: Fewer than 400, down from 126,000.

Ohio

High winds uprooted trees in northern Ohio. Schools closed and major commuter arteries along Lake Erie flooded. Deaths: 2. Power outages: 147,000, down from more than 250,000.

Play Video

Sandy dumps snow on Western Penn.

Pennsylvania

The core of Sandy made its way north through western Pennsylvania into western New York, causing wind and flooding that closed roads.

Deaths: 7. Power outages: 850,000, down from 1.2 million.

Rhode Island

Residents may not be able to return to their homes for another day in some coastal communities. Power outages: About 48,000, down from more than 115,000.

Tennessee

A route across the Smoky Mountains closed as heavy, wet snow accumulated to as much as 2 feet.

Vermont

Winds knocked down trees and power lines, and schools were closed, but damage was not as severe as feared in a state still recovering from Tropical Storm Irene. Power outages: 3,550, down from more than 10,000.

Virginia

Utilities brought in crews to help restore power after high winds and snow.

Deaths: 2. Power outages: about 40,000, down from more than 180,000.

Washington, D.C.

Federal and local governments asked people to return to work Wednesday, and transit systems planned to resume full service. Power outages: Fewer than 500, down from 25,000.

West Virginia

Play Video

Superstorm Sandy snowfall shuts down W. Va. town

Some areas were buried under more than a foot of snow. The interstate was shut down overnight from Morgantown to the Maryland line after five tractor-trailers jack-knifed.

Officials confirmed five Sandy-related deaths in the state. One was Republican legislative candidate John Rose Sr., who was struck by a falling tree on his farm in Barbour County, according to his son.

Power outages: 235,566, down from about 268,000.

Wisconsin

Dangerously high waves and flooding were expected along Lake Michigan.

Obama, Romney restart campaigns, try to refocus Americans after historic storm - Fox News

Posted: 31 Oct 2012 08:41 AM PDT

  • Obama Romney Fact Check.jpg

    FILE: Oct 16, 2012: Mitt Romney and President Obama walks past each other at the end of their last debate at Lynn University, in Boca Raton, Fla.AP

With just six days before Americans pick their next president, the Obama and Romney campaigns faced the monumental task of refocusing attention on the election as millions of potential voters dealt with the historic devastation of monster storm Sandy.

Mitt Romney returned to the campaign trail Wednesday with three stops in Florida – Tampa, Miami and Jacksonville – attempting to win a battleground state in which most polls show him with a slight lead.

Romney began the Tampa rally by asking Americans to help the storm victims, then resumed his argument that he can improve the country's bleak economic situation.

"This (election) should be a turning point," Romney said. "Twenty three million Americans are still struggling to find a job. ... This hasn't happened in American history."

Though President Obama has suspended official campaign events, his tour of storm-ravaged New Jersey will more than likely attract the most voter attention and provide an opportunity for him to highlight his abilities as commander-in-chief with six days remaining before Election Day.

Obama is expected to return to the trail Thursday with stops in the battleground states of Colorado, Nevada and Wisconsin, while the campaigns appear to also be re-engaging in Michigan, Minnesota and Pennsylvania. 

The Romney campaign is also plunging into the Democratic-leaning states of Minnesota and Pennsylvania, forcing the Obama campaign to spend money there on TV ads and dispatching top backers.

The move has raised question among voters, campaign strategists and others about whether Romney is searching for a last-minute path to the 270 Electoral College votes without all-important Ohio, or whether he's so confident in the most competitive battlegrounds that he can try to expand the so-called electoral map.

"It makes sense," Democratic strategist David Heller said Wednesday. "It's not a resource allocation issue. If you have the money to do everything you need to do in those battleground states, why wouldn't you? There's no downside."

Former President Bill Clinton made two campaign stops Tuesday in Minnesota, which has 10 electoral votes but hasn't voted for a Republican presidential candidate since Richard Nixon in 1972.

"Barack Obama's policies work better," Clinton declared on the University of Minnesota campus.

An averaging of polls by the website RealClearPoltics has the race tied at 49 percent.

Of the nine states where the candidates have spent more than $1 billion in advertising since June, Romney is in the strongest position in North Carolina. But public and internal campaign polls show he's locked in tight battles in Colorado, Florida, New Hampshire, Nevada and Virginia and is fighting to overtake Obama's advantage in Ohio, Iowa and Wisconsin.

Vice President Joe Biden makes two stops Wednesday in Florida, while Romney's running mate Rep. Paul Ryan attends three rallies in his home state of Wisconsin.

Clinton's Minnesota visit came just days after Romney and his allies started airing TV ads in the state. GOP-leaning groups including Americans for Job Security and American Future Fund were spending $615,000 this week. Romney spent a much lighter $29,000 last week, and it was unclear how much his campaign was spending this week.

The combined effort forced Obama to try to prevent the state from slipping out of his grasp. His campaign was spending $210,000 on ads in Minnesota this week.

Polls show Romney having gained ground in Minnesota though still trailing Obama. And Obama has a much larger campaign footprint of paid staff and volunteers, including more than 30 full-time workers and 12 offices. Romney never has established much of a campaign organization in Minnesota.

In Pennsylvania, Romney's campaign started pouring money into TV ads Monday for the first time, though Republican-leaning groups have been on the air in recent days trying to narrow the Obama advantage.

American Crossroads, Restore Our Future and Americans for Job Security are spending at least $3.9 million this week.

A poll of Pennsylvania votes released Wednesday by Franklin & Marshall College shows Romney closing Obama's lead among likely voters – from 9 percentage points in September to 4 in October.

GOP allies also were running TV ads in Democratic-tilting Michigan in hopes of softening the ground for Romney in the final days, but there was no indication yet that the Republican himself would make a strong 11th-hour play for the state where he was born and raised. Obama's team said late Tuesday that it was answering Restore Our Future's $2 million in ads in Michigan, which has 16 electoral votes.

Obama's team cast Romney's moves into the three states, which have trended Democrat for more than 20 years, as a desperate act by a candidate who hasn't locked up the states he needs for a White House win.

"They understand they're not going to be able to win Ohio and now they're getting desperate and want to be able to put other states in play," said Obama campaign manager Jim Messina. "We're going to win Pennsylvania, but we aren't taking anything for granted."

Romney political director Rich Beeson said, "This expansion of the electoral map demonstrates that Governor Romney's momentum has jumped containment from the usual target states."

The Associated Press contributed to this report.

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Selasa, 30 Oktober 2012

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MAHB may take up stake in Aranmula

Posted: 30 Oct 2012 06:48 PM PDT

NEW DELHI: Malaysia Airports Holdings Bhd (MAHB) may take up 15 per cent stake in the KGS Aranmula International Airport Ltd, being built in Aranmula, a temple town in South Indian state, Kerala, by Chennai-based KGS Group.

The Rs2,000 crore (RM1.12 billion) airport on a 280ha land is expected to start operations in 2014, the "Business Standard" daily reported.

"We had some discussions on offering equity to Malaysia Airports. They are already our technical and strategic partners for the project.

"We may look at diluting up to 15 per cent," KGS Group Managing Director Gigi George was quoted as saying.

Industry sources said the Kerala state government was also keen on taking up about 10 per cent stake in the company. However, George declined to comment, said the report.

"We've already acquired the land for the project and the airport is designed to cater to aircraft like Airbus A-320 and Boeing 747," George said.

The airport to be privately owned and managed will be able to handle 1,000passengers at a time.

This aeropolis is also being developed along with a special economic zone,multi-specialty hospital, shopping mall, star hotels and an international school.

MAHB operates and manages 39 airports in Malaysia. They also provide airport management services for New Delhi and Hyderabad international airports in India and Sabiha Gokcen International Airport in Turkey.

The world's 11th richest Indian, Anil Ambani-led Reliance group has 15 percent stake in KGS Group. -- BERNAMA

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Superstorm Sandy slams East Coast, leaving floods, millions without power - CBS News

Posted: 30 Oct 2012 09:31 AM PDT

Last Updated 12:13 p.m. ET

NEW YORK As Superstorm Sandy marched slowly inland, millions along the East Coast awoke Tuesday without power or mass transit, with huge swaths of the nation's largest city unusually vacant and dark.

New York City was among the hardest hit, with its financial heart in Lower Manhattan shuttered for a second day and seawater cascading into the still-gaping construction pit at the World Trade Center.

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Sandy: Where is the storm and how long will it last?

"This will be one for the record books," said John Miksad, senior vice president for electric operations at Consolidated Edison, which had more than 684,000 customers without power in and around New York City on Tuesday morning.

The storm that made landfall in New Jersey on Monday evening with 80 mph sustained winds killed at least 33 people in nine states, cut power to more than 7.8 million homes and businesses from the Carolinas to Maine, caused scares at two nuclear power plants, and stopped the presidential campaign cold. More than 18,000 flights domestic and international were cancelled.

The full extent of the damage in New Jersey, where the massive storm made landfall Monday evening, was unclear. Police and fire officials - some with their own departments flooded - fanned out to rescue hundreds.

"We are in the midst of urban search and rescue. Our teams are moving as fast as they can," Gov. Chris Christie said. "The devastation on the Jersey Shore is some of the worst we've ever seen. The cost of the storm is incalculable at this point."

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Head of FEMA on Sandy response and relief

Remnants of the former Category 1 hurricane were forecast to head across Pennsylvania before taking another sharp turn into western New York by Wednesday morning. Although weakening as it goes, the massive storm — which caused wind warnings from Florida to Canada — will continue to bring heavy rain and local flooding, said Daniel Brown, warning coordination meteorologist at the National Hurricane Center in Miami.

As Hurricane Sandy closed in on the Northeast, it converged with a cold-weather system that turned it into a monstrous hybrid of rain and high wind — and even snow in West Virginia and other mountainous areas inland.

President Barack Obama has declared a major disaster in New York and Long Island, making federal funding available to residents of the area. Mr. Obama also signed a disaster declaration for New Jersey.

Historic flooding in New York City

Sitting on the dangerous northeast wall of the storm, the New York metropolitan area got the worst of it.

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NYPD Commissioner Ray Kelly on Sandy aftermath in NYC

An unprecedented 13-foot storm surge of seawater — three feet above the previous record — gushed into the harbor, flooding city streets and subway stations. The Brooklyn-Battery and Queens Midtown Tunnels were flooded.

Metropolitan Transportation Authority Chairman Joseph Lhota, said the damage to the subway system's was the worst in its 108-year history.

The system remained shut down Tuesday as transit officials begin the process of pumping corrosive salt water out of tunnels in lower Manhattan and parts of Queens that were inundated. The pumping, MTA officials told CBS Station WCBS, could take up to four days.

Play Video

Fire engulfs more than 50 homes as flooding slows crews

An explosion at a Con Edison substation Monday night knocked out power to about 310,000 customers in lower Manhattan, creating an eerie darkness in the city as floodwaters churned in city streets. A hospital was forced to evacuate patients when a back-up generator failed.

In Queens, nearly 200 firefighters tried to contain an enormous blaze that consumed more than 80 homes in the Breezy Point neighborhood. They had to use a boat to make rescues and climbed an awning to reach about 25 trapped people, fire officials said.

Hurricane-force winds partially collapsed a crane hoisted 74 stories above Midtown, which remained perilously swaying on Tuesday morning. Plans were made to stabilize the structure once the winds died down.

Trading at the New York Stock Exchange was canceled again Tuesday — the first time the exchange suspended operations for two consecutive days due to weather since an 1888 blizzard struck the city.

2.3M without power in New Jersey

Hours after landfall, the storm's effects were still being felt acutely in New Jersey, where downed trees and flooding knocked out power to more than 2.3 million utility customers.

Play Video

N.J. Gov. Christie on Sandy: "My worst fear is loss of life"

Just before Sandy made landfall at 8 p.m. near Atlantic City, N.J., forecasters stripped the storm of hurricane status — but the distinction was purely technical, based on its shape and internal temperature. It still packed hurricane-force winds, and forecasters were careful to say it was still dangerous to the tens of millions in its path.

While the hurricane's 90 mph winds registered as only a Category 1 on a scale of five, it packed "astoundingly low" barometric pressure, giving it terrific energy to push water inland, said Kerry Emanuel, a professor of meteorology at MIT.

The storm caused massive flooding along New Jersey's shoreline, cutting off Atlantic City and other barrier island communities and washing away part of the resort town's historic boardwalk. Many residents who stayed put rather than evacuating were stranded.

New Jersey Gov. Chris Christie — whose own family had to move to the executive mansion after his home in Mendham, far from the storm's center, lost power — criticized the mayor of Atlantic City for opening shelters there instead of forcing people out.

48 Photos

Superstorm slams Jersey Shore

In North Jersey, hundreds of people were forced to flee their homes after the entire town of Moonachie, located about 10 miles northwest of Manhattan, was flooded. Local authorities initially reported a levee had broken, but Gov. Chris Christie said a berm overflowed.

Police Sgt. Tom Schmidt said within 45 minutes streets were underwater and impassable. Floodwaters also knocked out the police and fire departments, forcing them to relocate command centers to a neighboring community.

Jersey City was closed to cars because traffic lights were out, and Hoboken, just over the Hudson River from Manhattan, dealt with major flooding.

By Tuesday morning the entire length of the Garden State Parkway has reopened - though Gov. Christie tweeted that motorists shouldn't drive unless absolutely necessary because 200 other state roads remain closed.

Deadly Hazards as Sandy Moves Inland

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Sandy brings more snow to Appalachian Mountains

As it converged with other storm systems and made landfall Monday, Sandy - which killed 69 people in the Caribbean before making its way up the Eastern Seaboard - has been blamed for at least 33 deaths, including 17 in New York, four in Pennsylvania, three in New Jersey, two each in Connecticut, Maryland and Virginia, and one each New Hampshire, West Virginia and North Carolina. Three of the victims were children, one just 8 years old.

The massive weather system reached well into the Midwest: Chicago officials warned residents to stay away from the Lake Michigan shore as the city prepares for winds of up to 60 mph and waves exceeding 24 feet well into Wednesday.

In Baltimore, fire officials said four unoccupied rowhouses collapsed in the storm, sending debris into the street but causing no injuries. Meanwhile, a blizzard in far western Maryland caused a pileup of tractor-trailers that blocked the westbound lanes of Interstate 68 on slippery Big Savage Mountain near the town of Finzel.

Hundreds of miles from the storm's center, gusts topping 60 mph prompted officials to close the port of Portland, Maine, and scaring away several cruise ships. A state of emergency in New Hampshire prompted Vice President Joe Biden to cancel a rally in Keene and Republican nominee Mitt Romney's wife, Ann, to call off her bus tour through the Granite State.

About 360,000 people in 30 Connecticut towns were urged to leave their homes under mandatory and voluntary evacuation orders. Christi McEldowney was among those who fled to a Fairfield shelter. She and other families brought tents for their children to play in.

"There's something about this storm," she said. "I feel it deep inside."

More Fallout From the Storm

Play Video

Superstorm Sandy causes travel nightmares

According to the flight-tracking service FlightAware, more than 13,500 flights were canceled for Monday and Tuesday, almost all related to the storm. By early Tuesday morning, more than 500 flights scheduled for Wednesday also were canceled.

Off North Carolina, not far from an area known as "the Graveyard of the Atlantic," a replica of the 18th-century sailing ship HMS Bounty that was built for the 1962 Marlon Brando movie "Mutiny on the Bounty" sank when her diesel engine and bilge pumps failed. Coast Guard helicopters plucked 14 crew members from rubber lifeboats bobbing in 18-foot seas.

A 15th crew member who was found unresponsive several hours after the others was later pronounced dead. The Bounty's captain was still missing.

One of the units at Indian Point, a nuclear power plant about 45 miles north of New York City, was shut down around 10:45 p.m. Monday because of external electrical grid issues, said Entergy Corp., which operates the plant. The company said there was no risk to employees or the public.

Officials declared an "unusual event" at the Oyster Creek nuclear power plant in Lacey Township, N.J., the nation's oldest, when waters searched to 6 feet above sea level during the evening. Within two hours, the situation at the reactor — which was offline for regular maintenance — was upgraded to an alert, the second-lowest in a four-tiered warning system. Oyster Creek provides 9 percent of the state's electricity.

Storm Pushes Aside Presidential Politics, Mostly - New York Times

Posted: 30 Oct 2012 09:33 AM PDT

DAYTON, Ohio — The presidential campaign entered a delicate and disrupted phase on Tuesday morning, suddenly becoming a sideshow to a devastating storm that posed an improvised leadership test to both sides as they sought to navigate the politics of a natural disaster.

Mitt Romney, a challenger without the trappings and authority of office to respond to the crisis, has scheduled what his campaign called a "storm-relief event" here in the same location where he was previously set to hold a traditional campaign rally. The celebrity guests scheduled to appear will also be at the storm-relief event. As the crowd gathered, a long campaign video for Mr. Romney played on a giant screen, describing the candidate as a "charismatic" and "authentic." A woman in the audience held up a T-shirt that said "Obama, you're fired."

His aides, sensitive to the image of the Republican nominee engaged in electioneering when cities across the East Coast are flooded, said Mr. Romney would make no political remarks. Attendees are being asked to bring canned food, which will be shipped off to areas damaged by the torrential storm.

Yet the event means that Mr. Romney would still appear on television, as a candidate, after his aides said they would cancel "all events currently scheduled" for Mr. Romney and his running mate, Representative Paul D. Ryan, on Tuesday out of sensitivity to the storm's victims. On local television here Tuesday morning, an Ohio Republican official said the event was "not a campaign event per se."

President Obama has withdrawn from the campaign trail and will spend his day at the White House where he will conduct briefings and survey the impact of the severe weather, aides said. But, he too, may speak to the country as both a president and a candidate, two roles that are inextricably linked at this late stage in the campaign. The White House said the president spent much of the night Monday monitoring the storm's impact and talking with elected leaders throughout the affected region.

Mr. Obama earned repeated praise on Tuesday from an unlikely source: Chris Christie, the Republican governor of New Jersey and one of Mr. Romney's top surrogates. In several appearances on morning news programs, he called Mr. Obama's efforts for his state "wonderful," "excellent" and "outstanding."

"It's been very good working with the president," Mr. Christie said on MSNBC's "Morning Joe" program. "He and his administration have been coordinating with us. It's been wonderful."

Speaking about the damage to his state on NBC's "Today" show, Mr. Christie called the president "outstanding" and said the response from the Federal Emergency Management Agency. had been "excellent."

In a Twitter message from his official account, Mr. Christie said he wanted to "thank the president personally for all his assistance" as New Jersey recovers from the storm."

The effusive comments about the president from Mr. Christie come after Mr. Christie has spent weeks criticizing the president and his leadership on behalf of Mr. Romney's campaign. Some Republicans on Tuesday privately expressed frustration that Mr. Christie went as far as he did in thanking Mr. Obama a week before the election.

The effects of the storm are being felt in Ohio, where wind gusts of 60 miles per hour were reported Tuesday morning in the central part of the state, along with scattered power outages and school closings. The banner headline of the Columbus Dispatch said, "A Storm For The Ages."

But even as the candidates altered their campaigning, their dueling television commercials were roaring along on Tuesday. The campaigns and their third-party allies are making a final push on already saturated airwaves with millions of dollars worth of new commercials. A "super PAC" backing Mr. Romney's campaign began broadcasting a new ad in eight states that features a woman expressing disappointment about Mr. Obama's first term in office. Another released two ads across the battleground states criticizing Mr. Obama's handling of the economy.

Mr. Obama's campaign continued to broadcast ads criticizing Mr. Romney's economic proposals and promoting the president's plans for a second term. Ads by Mr. Obama's campaign also urged people to vote early.

Representatives for the candidates are still planning to hold campaign rallies on Tuesday. Former President Bill Clinton stood in for Mr. Obama in Florida on Monday and planned to press ahead with three stops in Iowa on Tuesday. Mr. Romney's wife, Ann, will attend a "victory rally" in Iowa after making a stop at a storm-related event in Wisconsin.

With a razor-close election just seven days away, each camp confronted the same quandary: whether pressing ahead in campaigning would earn them the votes they needed to win or whether it would be seen as crass, unpresidential behavior at a time of power failures, flooding and mass evacuations.

Both sides reached a similar conclusion after holding urgent discussions among their top advisers — talks that included up-to-the-minute weather updates and airings of logistical concerns about the dangers of air travel. Within hours of each other, the campaigns suspended appearances by their candidates at least through Tuesday.

Mr. Obama, shouldering the responsibilities of a sitting president, acted first, abandoning a planned Florida rally to fly back to the White House on Monday morning. In a statement after a Situation Room briefing with emergency response officials, Mr. Obama said that the election "will take care of itself next week. Right now our No. 1 priority is that we're saving lives."

Just before noon, Mr. Romney's campaign announced that it, too, had decided to cancel the candidate's scheduled events, including one in Wisconsin on Monday night and his entire schedule on Tuesday, "out of sensitivity for the millions of Americans in the path of Hurricane Sandy."

On Monday night, it announced the new storm-relief event in Dayton. Richard Petty, the racecar driver, and Randy Owen, the singer, will appear with Mr. Romney.

Top aides to Mr. Romney said they feared the possibility of a split-screen moment that showed Mr. Romney attacking the president next to images of flooded homes. They said canceling traditional campaign events allowed Mr. Romney to be part of the storm story, not apart from it. Both campaigns also halted fund-raising across the East Coast in favor of an appeal to donors for Red Cross contributions.

For the campaigns, the storm forced critical judgment calls as they addressed the need to campaign while being sensitive to the effects of the storm that swirled around them. Among the questions: How long will the huge storm continue to paralyze a campaign that is racing toward its conclusion?

The answer inside both campaigns appeared to be: at least through Tuesday. Still, neither side would rule out the possibility of further cancellations Wednesday or beyond. David Axelrod, the president's top strategist, said the campaign had already begun thinking about how to start rescheduling the stops that have been canceled.

"We're obviously going to lose a bunch of campaign time, but that's as it has to be, and we'll try to make it up on the back end," he told reporters on Monday.

Also on the table for both campaigns was how to deal with the grim aftermath of the storm. A visit to a ravaged area by the president would be traditional and expected, but could further interrupt Mr. Obama's campaigning. Mr. Romney's advisers said that they were discussing the possibility of Mr. Romney visiting a site damaged by the storm well after it has dissipated, but that they had not yet completed plans.

Polls released over the weekend continued to show a tight race between the two men, nationally and in some of the battleground states that will decide which one reaches 270 electoral votes. A Gallup poll of likely voters on Sunday gave Mr. Romney an edge of 51 percent to Mr. Obama's 46 percent.

Inside his headquarters in Boston, advisers to Mr. Romney were engaged throughout the weekend in marathon conference calls about how and where to schedule his time in the midst of the storm.

Mr. Romney's aides were holding out hope throughout most of Monday morning that he could continue his full campaign schedule on Tuesday. But that changed after a 10:45 a.m. conference call among his advisers in Boston, officials at the Republican National Committee and Mr. Romney's top aides on the campaign bus in Ohio.

"There are families in harm's way that will be hurt either in their possessions or perhaps in something more severe," Mr. Romney said in brief remarks after a rally in Avon Lake, Ohio. "This looks like another time when we need to come together all across the country, even here in Ohio, and make sure that we give of our support to the people who need it."

Mr. Obama's initial decision to go to Florida on Sunday night in the face of dire weather attests to the political pressures he is facing. The president's advisers calculated that he could squeeze in one more rally in a closely fought electoral battleground by moving up the event's start time by two hours and still return to Washington in time to take charge of storm preparations. But they changed course after determining Air Force One might not be able to make the trip any later.

After returning to Washington, Mr. Obama led a meeting in the Situation Room with top emergency response officials. In his statement to reporters afterward, Mr. Obama warned Americans that "this is going to be a big storm; it's going to be a difficult storm." He added: "The great thing about America is when we go through tough times like this, we all pull together. We set aside whatever issues we may have otherwise to make sure we respond appropriately."

Storms can have a treacherous effect on the fortunes of a president, most notably in the case of Hurricane Katrina and George W. Bush in 2005. But they can also help rally support, as in final four months of the 2004 campaign, when Florida was pounded by three successive hurricanes, Charley, Frances and Ivan.

Mr. Bush was well aware of how, in 1992, the chaotic response of the government to Hurricane Andrew in Florida had hurt his father, then seeking re-election. Twelve years later, the younger Mr. Bush marshaled a more effective federal response, which some analysts said helped him secure a clearer victory in the state against Senator John Kerry than he had against Al Gore in 2000.

Michael Barbaro reported from Dayton, Ohio, and Michael D. Shear from Washington. Peter Baker contributed reporting from Washington, and Ashley Parker from Boston.

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Target price for Petronas Chemicals cut

Posted: 29 Oct 2012 06:59 PM PDT

Kenanga Research has reduced its target price for Petronas Chemicals Group Bhd, Malaysia's largest producer of integrated chemicals, to RM6.99 from RM7.46 citing a short-term negative impact from the company's divestment of its vinyl business.

"The exercise is expected to impact earnings in the near term, but the longer run outcome should be positive as the company could focus on its high-margin products that are more closely integrated within the product value chain," said Kenanga in a report on Tuesday.

The brokerage maintained its "outperform" call on the stock, which hit a year-to-date low of RM6.43 earlier this month.

At 9.50 am (0150 GMT) it was down 0.62 percent at RM6.38.

Petronas Chemicals will incur a cost of RM560 million to discontinue its vinyl business, which was said to perform unsatisfactorily relative to the company's other segments.

The vinyl business makes key products essential to the manufacturing of pipes, roofing tiles, wires and cables. The company's vinyl plants in Malaysia and Vietnam will require up to three years for decommisioning, it said in a statement yesterday. State-owned Petroliam Nasional Bhd remains the company's largest shareholder, with a 64.4 percent stake. -- Reuters

'Overweight' call on Perdana Petroleum

Posted: 29 Oct 2012 07:13 PM PDT

Hong Leong Investment Bank has initiated coverage of Perdana Petroleum starting the offshore marine services firm with an "overweight" call.

The bank said the firm will benefit from a pick-up in the global and domestic off-shore oil and gas sector.

"We are projecting a drastic swing from a core earnings loss of RM28 million (in 2011) to a core earnings profit of RM24 million and RM49 million in 2012 and 2013 respectively," it said.

The bank set a target price of RM1.50 per share.

At 9.50am, Perdana Petroleum was trading up 3.0 percent at RM1.03 per share while the benchmark composite index was up 0.23 percent at 1,676.47 points. -- Reuters
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Hurricane Sandy causes evacuations, closings throughout East Coast - Washington Post

Posted: 29 Oct 2012 08:55 AM PDT

A strengthening Hurricane Sandy inched closer to land on Monday, pummeling coastal beach towns, while residents of major East Coast cities hunkered down and waited for the steady rains and winds to morph into something more threatening.

Heeding days of dire forecasts and warnings, Washington, New York and other cities launched the type of extensive shutdowns that typically occur after several feet of snow.

Activists Pour Cash Into Voter Turnout - Wall Street Journal

Posted: 29 Oct 2012 08:28 AM PDT

DENVER—In a tight election where voter turnout could be crucial, a new force is sending people door to door to try to get conservatives to the polls.

GOP pollster Kellyanne Conway discusses the gender gap and former Pentagon official Colin Kahl talks up Barack Obama's foreign policy credentials. WSJ reporters discuss the strategy each candidate is using in the campaign's all-important final days.

Conservative groups, most notably Americans for Prosperity, are spending millions of dollars to ensure that as many supporters as possible cast a ballot. Their efforts, echoing voter drives by unions and other Democratic-leaning groups, represent a new X-factor in the presidential race. Many of the groups barely existed in 2008 and until now had largely focused their spending on television ads.

Americans for Prosperity, founded by the industrialist Koch brothers, says it now has more than 100 paid field workers nationwide and about 5,000 volunteers to go door to door. The group plans to spend $130 million this year on all activities, up from $14 million four years ago.

That makes it one of the biggest conservative interest groups involved in the election, boosting the combined get-out-the-vote effort of Mitt Romney's campaign and the Republican National Committee, which together have 600 paid staffers.

In 2008, Americans for Prosperity—which promotes less regulation and lower government spending—had two full time employees in Virginia focused on the election. This year, it has seven. In the key states of Florida and Ohio, the group employs more than 30 workers combined.

The effectiveness of official party voter-turnout operations is hard to assess amid competing claims. President Barack Obama's campaign won't detail its number of paid staff but says it has more offices in key states than the Romney camp. The Romney campaign, in turn, calls the Obama operations inefficient.

Polling suggests the two sides aren't far apart in their ability to reach voters. According to the most recent Wall Street Journal/NBC News poll, about 38% of people said they had been contacted by the Obama campaign to vote for the president, while 34% said they have been asked by the Romney campaign to vote for the Republican.

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That leaves outside groups on both sides as potential game changers. In prior elections, labor unions helped Democrats by sending workers and volunteers to the doors of millions of union employees to encourage them to vote. This election, most unions say they are focused more on campaigns for Congress.

Groups on the right are moving in the opposite direction. In the 2008 campaign, Americans for Prosperity didn't have much of a ground operation. This year, it says its field operation has 2.1 million active members and hopes to reach out to some nine million individuals.

Throughout 2012, the group's political hands have gone door to door to visit both its own members and people it believes might be open to its message of opposition to Mr. Obama's economic policies. Beginning this week, they will encourage their members to vote by sending mailings and making phone calls.

"I look at them as an emerging powerhouse in American politics," said Virginia Gov. Bob McDonnell, a Republican.

On a recent day in Denver, volunteer door-knocker Debbie Brown found an undecided voter at home. Holly Byers, who used to work in financial services, told her: "I have a problem because the economy is really important to me, but I have to balance that with women's issues, which are also important to me."

Ms. Byers said she gets 10 phone calls a day from campaigns and interest groups and too many mailers to count. Still, for Ms. Brown and other volunteers from Americans for Prosperity, she spent 10 minutes talking on her front step during a chilly rainstorm. Ms. Byers in the end remained undecided, but Ms. Brown saw a chance to win her over. "It was a really good positive touch," Ms. Brown said later.

Getty Images

The Americans for Prosperity group is in some ways is an unlikely Romney ally.

Americans for Prosperity is one of dozens of conservative and liberal groups targeting voters in battleground states with calls, mailings and visits.

These groups have played a growing role since a 2002 law curbed the ability of the parties to raise big sums for voter turnout work.

On the Democratic side, labor unions are targeting working-class men, among others, by sending hundreds of volunteers to their homes in states like Florida, Ohio and Wisconsin. On a recent day in Cleveland, volunteers from unions affiliated with the AFL-CIO knocked on doors in support of Mr. Obama and Democratic Sen. Sherrod Brown. Members of the International Brotherhood of Teamsters visited a steel plant to campaign to their members during a lunch break.

Due to a change in election rules, unions now are permitted to use a greater amount of their election spending on contacting individuals who aren't members. In the past, they focused more on union households.

Meantime, Naral Pro-Choice America is looking to woo back women dissatisfied with Mr. Obama. Environmental groups such as the Sierra Club and League of Conservation Voters also are targeting people to vote for Democrats.

Groups on the right are just as aggressive. In Ohio, some conservative voters are getting a one-two punch from the fiscally conservative FreedomWorks and the socially conservative Faith & Freedom Coalition.

Gary Marx of the Faith & Freedom Coalition said the goal is to boost the number of Ohio social conservatives who vote by as much as two percentage points. In 2008, Mr. Obama won Ohio by 4.6%.

Topping them all is Americans for Prosperity, which in some ways is an unlikely Romney ally. In the past, the group has opposed GOP candidates as well as Democrats who don't adequately oppose government spending and promote free markets.

Because Americans for Prosperity was created as a tax-exempt organization it is prohibited from telling people to vote for Mr. Romney or other candidates, or to vote against Mr. Obama. Instead, it has identified people who likely oppose Mr. Obama's economic policies. It has spent more than $60 million on ads and social media criticizing these policies and those of other Democrats. Now it is trying to get backers to the polls.

"All we are doing is urging people to do their civic duty and vote," said Tim Phillips, the organization's president.

On Wednesday, nine volunteers gathered at the group's Denver office on the first floor of an office park. "We're not holding water for the Republican Party," Leslie White, a field director, reminded the group before sending them off with rosters of households to visit. "We do not promote Mitt Romney; we promote the failed policies of the current president."

The volunteers, all female that day, wore white T-shirts with green block lettering that read "FREEDOM FIGHTER."

In an interview, Ms. White said that if she provides voters with "the facts, then they are going to make educated decisions."

The group employs seven full-time political organizers in Colorado, a swing state, up from just one in the 2008 election.

Since starting its work a few weeks ago the group has visited 17,000 households in Arapahoe County and thousands more in conservative parts of Colorado Springs. Two weekends ago, it bused in 200 volunteers from Oklahoma to visit households.

—Melanie Trottman
and Danny Yadron
contributed to this article.

A version of this article appeared October 29, 2012, on page A1 in the U.S. edition of The Wall Street Journal, with the headline: Activists Pour Cash Into Voter Turnout.

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Kl shares open higher on positive momentum

Posted: 28 Oct 2012 07:18 PM PDT

Share prices on Bursa Malaysia opened higher in early trading Monday, continuing the positive momentum from last week's bullish performance, dealers said.

After 21 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.11 points to 1,677.

HwangDBS Vickers Research said the market, which closed at a new all-time high of 1,671.89 on Thursday, is expected to continue consolidating today.

"We expect the local bourse to continue soldiering on towards the immediate resistance level of 1,685," it said in a research note.

The Finance Index surged 130.95 points to 15,095.93, the Industrial Index added 3.79 points to 2,911.05, while the Plantation Index shed 6.479 points to8,195.23.

The FBM Emas Index advanced 40.05 points to 11,396.53, the FBM Mid 70 Index gained 30.16 points to 12,261.58 and the FBM Ace Index climbed 14.47 points to4,286.8 while the FBMT100 rose 39.64 points to 11,231.39.

Gainers led losers 177 to 109, 197 unchanged, 1,182 not traded and 29suspended.

Volume stood at 213.979 million shares worth RM121.68 million. Among actives, Ariantec Global and Metronic Global earned one sen each to eight sen and 12.5 sen, respectively, Tiger Synergy gained two sen to 30.5 sen, Fitters Diversified added half-a-sen to 67.5 sen while TH Heavy Engineering was unchanged at 60.5 sen.

On heavyweights, Maybank rose 12 sen to RM9.15, Public Bank advanced 22 sen to 15.64 and Tenaga added six sen to RM7.01. CIMB was unchanged at RM7.62 while Petronas Chemicals shed two sen toRM6.43. Bernama

Ringgit opens lower on profit taking

Posted: 28 Oct 2012 06:53 PM PDT

The ringgit opened lower against the US dollar in early trading Monday on profit-taking after benefiting from the greenback at last week's closing, dealers said.

At 9.05 am, the ringgit was quoted at 3.0460/0500 against 3.0370/0400 at Thursday's close.

A dealer said the greenback seems to recoup its previous losses as investors start to return to the "safe haven" currency on renewed concerns on the European debt crisis.

"However, some investors remained on the sidelines following news on the latest roadblock to Greece's crucial austerity package," he added.

Meanwhile, the ringgit was traded lower against the Singapore dollar at 2.4937/4975 from 2.4883/4904 Thursday and weakened against the yen to 3.8233/8288 from 3.7863/7915 last week.

The local currency also opened lower against the British pound at
4.8974/9050 from 4.8932/8990 Thursday but strengthened against the euro to 3.9351/9409 from 3.9493/9547 last week. Bernama

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Millions across East Coast brace for 'Superstorm' Sandy, while NYC to close ... - Fox News

Posted: 28 Oct 2012 09:05 AM PDT

As tens of millions of people in the eastern third of the U.S. prepare for drenching rain and winds that could hit 80 mph from Hurricane Sandy, New York Gov. Andrew Cuomo announced that New York City will suspend its bus, subway and commuter rail service Sunday evening ahead of the storm.

"You don't want to be over panicked and overly prepared, but you want to be prudent and do what's necessary," Cuomo said, indicating that the transit system will close at 7 p.m. ET. 

Cuomo also said that bridges and tunnels in the New York area will be closed on a case-by-case basis, and 1,100 National Guard troops will be deployed to the area, including 400 on Long Island and 200 in New York City.

The city closed the subways before Hurricane Irene last year, and a Columbia University study predicted that an Irene surge just 1 foot higher would have paralyzed lower Manhattan.

New York City Mayor Michael Bloomberg also announced the closure of all city public schools for Monday and ordered mandatory evacuations of all low-lying areas. He urged residents in lower Manhattan to call 311 or visit the city's website for information on evacuation zones.

"If you don't evacuate, you are not only endangering your life, you are also endangering the lives of the first responders who are going in to rescue you," Bloomberg said.

The warning from other officials to anyone who might be affected in the storm's path was simple: Be prepared and get out of the way. The storm is expected to bring a few days of rain, high winds and possibly heavy snow.

"We're looking at impact of greater than 50 to 60 million people," said Louis Uccellini, head of environmental prediction for the National Oceanic and Atmospheric Administration.

Hurricane Sandy was headed north from the Caribbean, where it left nearly five dozen dead, to meet a winter storm and a cold front, plus high tides from a full moon, and experts said the rare hybrid storm that results will cause havoc through 800 miles from the East Coast to the Great Lakes.

Sandy was at Category 1 strength, packing 75 mph winds, about 250 miles southeast of Cape Hatteras, N.C., and moving northeast at 14 mph as of 11 a.m. Sunday, according to the National Hurricane Center in Miami. It was about 575 miles south of New York City. Waves are already battering Hatteras Island.

The storm was expected to continue moving parallel to the Southeast coast most of the day and approach the coast of the mid-Atlantic states by Monday night, before reaching southern New England later in the week.

"I've been here since 1997, and I never even put my barbecue grill away during a storm," Russ Linke said shortly before he and his wife left Ship Bottom, N.J. on Saturday. "But I am taking this one seriously. They say it might hit here. That's about as serious as it can get."

He and his wife secured the patio furniture, packed the bicycles into the pickup truck, and headed off the island.

The danger was hardly limited to coastal areas. Forecasters were far more worried about inland flooding from storm surge than they were about winds. Rains could saturate the ground, causing trees to topple into power lines, utility officials said, warning residents to prepare for several days at home without power.

States of emergency were declared from North Carolina, where gusty winds whipped steady rain on Sunday morning, to Connecticut. Delaware ordered mandatory evacuations for coastal communities by 8 p.m. Sunday.

"You never want to be too naive, but ultimately, it's not in our hands anyway," said Andrew Ferencsik, 31, as he purchased plywood and 2-by-4 lumber from a Home Depot in Lewes, Del.

New Jersey Gov. Chris Christie, who was criticized for not interrupting a vacation in Florida while a snowstorm pummeled the state in 2010, broke off campaigning for Republican presidential nominee Mitt Romney in North Carolina on Friday to return home.

"I can be as cynical as anyone," said Christie, who declared a state of emergency Saturday. "But when the storm comes, if it's as bad as they're predicting, you're going to wish you weren't as cynical as you otherwise might have been."

Up and down the Eastern Seaboard and far inland, officials urged residents and businesses to prepare in ways big and small.

In Nassau County on Long Island, County Executive Edward P. Mangano said three public shelters will be opened at 1 p.m. 

"Get your emergency kits ready and be prepared to move," he said.

In neighboring Suffolk County, a mandatory evacuation of Fire Island by 2 p.m. Sunday was ordered, with all parks to close at 6 p.m.

The town of Ocean City has ordered an evacuation of downtown residents as Hurricane Sandy heads for the Delmarva Peninsula.

Residents must leave the area south of 17th St. by 8 p.m. Sunday.

In addition, a voluntary evacuation order has been issued for residents and occupants of known low-lying areas. And Mayor Rick Meehan has closed the beach to everyone until further notice.

The town says severe flooding is expected.

Amtrak began canceling train service Saturday night to parts of the East Coast, including between Washington and New York. Airlines started moving planes out of airports to avoid damage and adding Sunday flights out of New York and Washington in preparation for flight cancellations on Monday.

Airlines also cancelled more than 3,000 flights as of Sunday morning, with hubs along the East Coast bearing the brunt of the disruptions.

According to the flight-tracking service FlightAware, 707 flights have been cancelled Sunday, with more than 265 cancellations at Newark Airport.

For Monday, 2,499 flights are cancelled, with 774 cancellations at Newark, followed by 428 at Dulles in Washington and 355 cancellations at Philadelphia.

The Virginia National Guard was authorized to call up to 500 troops to active duty for debris removal and road-clearing, while homeowners stacked sandbags at their front doors in coastal towns.

In Arlington, just outside Washington, D.C., a few shoppers strolled in and outside a Giant supermarket. Cathy Davis, 40, said the supermarket was sold out of the water she wanted to purchase, but she wasn't doing much else to prepare. She figured she would bring her outdoor furniture inside later in the day, and might make some chili.

She said the storm did lead her to decide against decorating for Halloween.

"I was like, 'eh, it will just be blown away anyway,'" she said. "What's the point."

President Barack Obama was monitoring the storm and working with state and locals governments to make sure they get the resources needed to prepare, administration officials said.

In North Carolina's Outer Banks, there was some scattered, minor flooding at daybreak Sunday on the beach road in Nags Head. The bad weather could pick up there later in the day, with the major concerns being rising tides and pounding waves.

In New Jersey, hundreds of coastal residents started moving inland. Christie's emergency declaration will force the shutdown of Atlantic City's 12 casinos for only the fourth time in the 34-year history of legalized gambling here. City officials said they would begin evacuating the gambling hub's 30,000 residents at noon Sunday, busing them to mainland shelters and schools.

The storm also forced the presidential campaign to juggle schedules. Romney scrapped plans to campaign Sunday in Virginia and switched his schedule for the day to Ohio. First lady Michelle Obama canceled an appearance in New Hampshire for Tuesday, and Obama moved a planned Monday departure for Florida to Sunday night to beat the storm. He also canceled appearances in Northern Virginia on Monday and Colorado on Tuesday.

Former sailor Ray Leonard, 85, had a bit of advice for those in the path of the storm. Leonard and two crewmates in his 32-foot sailboat, Satori, rode out 1991's infamous "perfect storm," made famous by the Sebastian Junger best-selling book of the same name, before being plucked from the Atlantic off Martha's Vineyard, Mass., by a Coast Guard helicopter.

"Don't be rash," Leonard said Saturday from his home in Fort Myers, Fla. "Because if this does hit, you're going to lose all those little things you've spent the last 20 years feeling good about."

The Associated Press contributed to this report.

Poll: Ohio a dead-heat with President Obama and Mitt Romney tied at 49% in ... - New York Daily News

Posted: 28 Oct 2012 09:14 AM PDT

NASHUA, NH - OCTOBER 27: U.S. President Barack Obama delivers remarks during a campaign rally at Elm Street Middle School October 27, 2012 in Nashua, New Hampshire. With ten days before the presidential election, Obama and his opponent, former Massachusetts Gov. Mitt Romney are criss-crossing the country from one swing state to the next in an attempt to sway voters. (Photo by Chip Somodevilla/Getty Images)

Chip Somodevilla/Getty Images

U.S. President Barack Obama delivers remarks during a campaign rally at Elm Street Middle School Saturday in Nashua, New Hampshire.

A new poll of likely voters in Ohio shows President Obama and Mitt Romney tied at 49% — though both parties say they have the advantage in the ultimate swing state.

"Right now, I believe we're currently ahead," Ohio's Republican Gov. John Kasich said on NBC's "Meet the Press" on Sunday.

"Honestly, I believe that Romney is going to carry Ohio."

Obama's deputy campaign manager, Stephanie Cutter, said the dead-heat poll commissioned by Ohio media outlets doesn't tell the whole story.

"There've been several polls out this week, one including that showed us up five in Ohio," Cutter said on ABC's "This Week," referring to a Time poll.

She claimed Obama is beating Romney 3-1 in early voting in some areas of the state.

"We feel good about Ohio," Cutter said. "We think we're going to win it."

Ohio has 18 electoral votes and no Republican presidential candidate has ever won the White House without it.

Romney was joining running mate Paul Ryan in Ohio Sunday, after canceling plans to campaign in another swing-state, Virginia, because of Hurricane Sandy.

Obama, meanwhile, pushed up a Florida visit to Sunday night so he could be back at the White House Monday to monitor storm developments.

His top campaign strategist said it's unclear how the super storm bearing down on the East Coast could affect the election.

"Obviously we want unfettered access to the polls because we believe the more people who come out, the better we're going to do," said senior advisor David Axelrod.

But Axelrod said politics isn't Obama's primary concern.

"The best thing we can do is to focus on how we can help people, and hope it all clears out by next weekend," he said on CNN's "State of the Union."

Axelrod denied that Romney has built up more momentum as the campaign heads into its final, frenzied days.

"As you look at these battleground states we are even or ahead in all of them," he said.

But Republican National Committee Chairman Reince Priebus said Axelrod was wrong.

"Our polling shows...clearly a momentum shift toward Mitt Romney," he said.

"When you have the momentum and you're the challenger in a tight race, the challenger wins," Priebus said.

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