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
By ADAM SCHRECKAssociated Press
BAGHDAD (AP) - Iraqi auditors believe as much as $800 million in U.S. dollars is being sent out of the country illegally each week, draining it of hard currency, according to a report by American inspectors released Tuesday.
The findings point to widespread money
NEW YORK (AP) - The price of gasoline fell Tuesday after Hurricane Sandy left a wide swath of flooding, power outages and disrupted transportation in the eastern U.S.
The national average for a gallon of regular fell by about a penny, to $3.53. That's more than 11 cents lower than a week ago.
NEW YORK (AP) - The New York Stock Exchange will reopen for regular trading Wednesday after being shut down for two days because of Hurricane Sandy.
The exchange said in a statement Tuesday that its building and trading floor are fully operational and that normal trading will resume at the usual
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,
By GEIR MOULSONAssociated Press
BERLIN (AP) - German Chancellor Angela Merkel's center-left rival in next year's election issued a bold challenge Tuesday to her government - going well beyond legal requirements to state that he earned €1.25 million ($1.6 million) over three years giving
By SANDY SHOREAP Business Writer
The tough global economy is showing little sign of loosening its grip on the steel industry.
Revenue at United States Steel Corp. slid 8 percent revenue in the third quarter, the company said Tuesday, as sluggish global growth dragged down shipments and prices.
By PABLO GORONDIAssociated Press
The price of oil recovered slightly Tuesday, rising to above $86 a barrel, even as a massive storm was pounding the heavily populated U.S. East Coast, reducing demand for fuel by keeping drivers off roads, closing businesses and silencing activity in New York
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.
By The Associated Press
U.S Steel's third-quarter net income doubled as a tax benefit helped balance pressure from price increases and a challenging global economy.
The Pittsburgh manufacturer said Tuesday that it earned $44 million, or 28 cents per share, in the quarter that ended Sept. 30