Disaster | MyFOX Spokane

Storm's cost may hit $50B; rebuilding to ease blow

Submitted by Fox First at Ten on October 30th

By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGERAP Economics Writers WASHINGTON (AP) - Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm. In the long run, the

THE RACE: Obama and Romney both focusing on Sandy

Submitted by Fox First at Ten on October 30th

By TOM RAUMAssociated Press President Barack Obama and rival Mitt Romney are both carefully navigating a path through disaster politics. Both want to show their main focus isn't on the election just a week away but on relief and cleanup from one of the worst-ever storms to slam the East

Obama warns Americans storm 'is not yet over'

Submitted by Fox First at Ten on October 30th

By JULIE PACEAssociated Press WASHINGTON (AP) - Seeking to project command in a crisis, President Barack Obama told storm-stricken residents along the East Coast that "America is with you" but warned that the disaster "is not yet over." As the countdown to Election Day reached the one week mark

Sandy leaves death, damp and darkness in wake

Submitted by Fox First at Ten on October 30th

By ALLEN G. BREED and TOM HAYSAssociated Press NEW YORK (AP) - 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 was among the hardest hit,

Disarray, millions without power in Sandy's wake

Submitted by Fox First at Ten on October 30th

By TED ANTHONYAP National Writer PITTSBURGH (AP) - The most devastating storm in decades to hit the country's most densely populated region upended man and nature as it rolled back the clock on 21st-century lives, cutting off modern communication and leaving millions without power Tuesday

Water, fire, destruction: NYC after the superstorm

Submitted by Fox First at Ten on October 30th

By COLLEEN LONG and JENNIFER PELTZAssociated Press NEW YORK (AP) - The massive storm that pummeled the East killed 10 people in New York City and left the nation's largest city eerily quiet Tuesday, with no running trains, a darkened business district and neighborhoods under water. It was "

Sandy leaves death, damp and darkness in wake

Submitted by Fox First at Ten on October 30th

By ALLEN G. BREED and TOM HAYSAssociated Press NEW YORK (AP) - 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 was among the hardest hit,

Sandy leaves death, damp and darkness in wake

Submitted by Fox First at Ten on October 30th

By ALLEN G. BREED and TOM HAYSAssociated Press NEW YORK (AP) - President Barack Obama has declared a major disaster in New York and Long Island. The declaration makes federal funding available to people in the area. It bore the brunt of the sea surge from a superstorm that hit the East Coast on

BP raises dividend as Q3 profit swells 5 percent

Submitted by Fox First at Ten on October 30th

By ROBERT BARRAssociated Press LONDON (AP) - Oil company BP is rewarding long-suffering shareholders with a substantial dividend increase just days after it sold a stake in a Russian joint venture for billions of dollars. BP also revealed Tuesday that it made a net profit of $5.5 billion in the

Mitsubishi Motors profit improves on cost cuts

Submitted by Fox First at Ten on October 30th

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Mitsubishi Motor Corp.'s fiscal second-quarter net profit improved 60 percent to 10.1 billion yen ($126 million) on cost cuts, but the Japanese automaker lowered its projection Tuesday for China, where a bitter territorial dispute is sending