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Economic toll of Sandy: Damage second only to Katrina?

Submitted by Fox First at Ten on November 2nd

By Mark Trumbull Economic impacts of superstorm Sandy are just starting to come into view, but what's clear is that they're big. The nation's economic capital, New York City, has been hobbled by electricity outages, floods, and damage to its massive subway system. From flooded Hoboken

US stocks waterlogged by Sandy's mounting costs

Submitted by Fox First at Ten on November 2nd

By DANIEL WAGNERAP Business Writer Waterlogged from Superstorm Sandy and unmoved by a solid October jobs report, U.S. stocks fell sharply Friday. The Dow Jones industrial average dropped 139 points as details about the storm's costs began to trickle out. Verizon Communications, whose

Restoration Hardware climbs in public debut

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - Shares of Restoration Hardware jumped in its first day of trading, as investors decided to take a bet on a familiar retail name and the gradual housing recovery. Shares rose $7.10, or 29.6 percent, to close at $31.01 Friday on the New York stock exchange. The home decor retailer and

US factory orders rise 4.8 percent in September

Submitted by Fox First at Ten on November 2nd

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. companies boosted their orders for manufactured goods by the largest amount in 18 months in September, but companies remained cautious in ordering goods that signal plans to expand and modernize. Factory orders rose 4.8 percent in

Solid job growth in last reading before election

Submitted by Fox First at Ten on November 2nd

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - The United States added a solid 171,000 jobs in October, and more than a half-million Americans joined the work force, the latest signs that the uneven economic recovery is gaining strength once again. In addition, more jobs were

Former MLB pitcher Pascual Perez dies at 55

Submitted by Fox First at Ten on November 2nd

By Kate Stanhope, Former Major League Baseball pitcher Pascual Perez was killed at his home in the Dominican Republic in an apparent robbery, ESPN reports. He was 55 years old. According to police, no one was in custody and it is unknown if there are any suspects. Police said were several

Former MLB pitcher Pascual Perez dies at 55

Submitted by Fox First at Ten on November 2nd

Romania: 33 bankers and officials detained

Submitted by Fox First at Ten on November 2nd

BUCHAREST, Romania (AP) - Prosecutors on Friday detained 33 government officials and bankers on suspicion of money laundering and fraud that cost Romania €22 million ($28.5 million). The detainees included three Economy Ministry officials, the deputy chairman of the French-owned Romanian

US economy adds 171K jobs; rate rises to 7.9 pct.

Submitted by Fox First at Ten on November 2nd

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - U.S. employers added 171,000 jobs in October, and hiring was stronger in August and September than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September. The Labor Department's last look at

Relief fund being created for Staten Island

Submitted by Fox First at Ten on November 2nd

NEW YORK (AP) - A Superstorm Sandy relief fund is being created just for residents of the hard-hit New York City borough of Staten Island. Former Mayor Rudolph Giuliani and Borough President James Molinaro say the fund will help residents displaced from their homes. Details are being announced