Hurricane | MyFOX Spokane

Oil price rises on superstorm threat to supplies

Submitted by Fox First at Ten on October 31st

By PABLO GORONDIAssociated Press Oil prices rose Wednesday on concerns about near-term oil supplies in the U.S. following a fierce storm that caused havoc across the northeastern part of the country and was threatening to inflict more damage inland. By early afternoon in Europe, those concerns

Bloomberg: Now not the time for Obama NYC visit

Submitted by Fox First at Ten on October 31st

NEW YORK (AP) - President Barack Obama will be getting a firsthand look at the damage done by the superstorm in New Jersey but not in New York City - and Mayor Michael Bloomberg is OK with that. Bloomberg on Tuesday said he spoke to Obama and his chief of staff, Jack Lew, and told them the city

NYC utility prepped for big storm, got bigger one

Submitted by Fox First at Ten on October 31st

By DAVE CARPENTER and JEFF DONN and JONATHAN FAHEYAssociated Press NEW YORK (AP) - They planned big for Superstorm Sandy, but not big enough. Consolidated Edison figured any surge would not surpass the 11-foot record set nearly two centuries ago. Or the design limit of 12.5 feet for a key

Wall Street back in business after storm shutdown

Submitted by Fox First at Ten on October 30th

By BERNARD CONDON and STEVE ROTHWELLAP Business Writers NEW YORK (AP) - The New York Stock Exchange will open on Wednesday - because it had to open. In a bit of welcome news for fund managers, investors and even the economy, the company that operates the iconic exchange at 11 Wall Street

New York's Silicon Alley makes do after Sandy

Submitted by Fox First at Ten on October 30th

By BARBARA ORTUTAYAP Technology Writer NEW YORK (AP) - New York City's fast-paced technology scene, known as Silicon Alley, tried not to lose a step after Hurricane Sandy knocked out power lines, devastated the public transit system and left portions of the city flooded. On Tuesday,

Business Highlights

Submitted by Fox First at Ten on October 30th

By The Associated Press ___ Storm's cost may hit $50 billion; rebuilding to ease blow 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

Crippled NYC subways could hamper storm recovery

Submitted by Fox First at Ten on October 30th

By DAVID B. CARUSOAssociated Press NEW YORK (AP) - The floodwaters that poured into New York's deepest subway tunnels may pose the biggest obstacle to the city's recovery from the worst natural disaster in the transit system's 108-year history. Critical electrical equipment could be

At a Glance: How to handle a flight cancellation

Submitted by Fox First at Ten on October 30th

By The Associated Press NEW YORK (AP) - Hurricane Sandy has made landfall in the U.S., but its effects on air travelers are being felt throughout the globe. Airlines say it will take days for them to resume service to normal levels, so your upcoming flight may be affected. Here's what you

Commodities prices mostly rise as storm recedes

Submitted by Fox First at Ten on October 30th

By The Associated Press Prices for corn, soybeans and other commodities are mostly rising as traders become less worried about fallout from Hurricane Sandy. CME Group, which runs several exchanges including the New York Mercantile Exchange, said its New York trading floor will reopen Wednesday

Md. experiences full variety of Sandy's wrath

Submitted by Fox First at Ten on October 30th

By BRIAN WITTE and JESSICA GRESKOAssociated Press CRISFIELD, Md. (AP) - On Maryland's jagged coastline, hurricane-riled waves destroyed an iconic pier and floodwaters forced caskets from graves in a town famed for crabbing. In the mountainous western edges, 2 feet of snow snapped power