Thursday 24 July 2014
 
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Sandy

New York lays out $20bn climate change plan

New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades. The ambitious proposal, which could become

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US retailers scramble after lackluster holiday sales

The 2012 holiday season may have been the worst for retailers since the financial crisis, with sales growth far below expectations, forcing many to offer massive post-Christmas discounts in hopes of shedding excess inventory. Whil

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FedEx quarterly profit down 12pc on US storm

FedEx Corporation reported an 11.9 per cent drop in quarterly profit, hurt by higher costs and lower shipment volumes in the wake of Superstorm Sandy as well as its customers' shift to lower-cost shipping methods. The number t

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Obama seeks $60.4bn for Sandy repairs

President Barack Obama asked Congress on Friday to approve a $60.4 billion aid package to help East Coast states rebuild after Superstorm Sandy, well short of their initial requests. Officials from storm-battered New York, New Jer

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Big city slowly returns to bright lights after Sandy

Few thought it would take quite so long to fully restore the dimmed lights of the famed skyline of New York City's Financial District. At last, however, firms displaced by the flooding and power outages brought on by Superstor

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US industrial output down over Sandy

US industrial output unexpectedly fell in October as Superstorm Sandy disrupted production, but factory activity appeared at a standstill even aside from the storm. Production at the nation's mines, factories and refineries co

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Power, fuel ease US storm woes, many still waiting

While power returned to much of Manhattan and fuel supplies were headed for the disaster zone, residents of some of the hardest-hit areas faced a long wait for electricity and help after superstorm Sandy's devastating strike on the US Northe

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Brent above $108 ahead of US jobs data

Brent crude held steady above $108 a barrel on Friday as investors look ahead to key jobs data from the US for more signs of economic recovery, which would lead to better fuel demand. Data from the US and China this week pointed t

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Flood ebbs, New York picks up after epic storm

  New York City and the sodden US Northeast began an arduous journey back to normal on Wednesday after mammoth storm Sandy killed at least 64 people in a rampage that swamped coastal cities and cut power to millions.

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US Northeast crawls back to business after Sandy

The US Northeast began crawling back to normal on Wednesday after monster storm Sandy crippled transportation, knocked out power for millions and killed at least 50 people in nine states with a massive storm surge and rain that caused epic flood

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