January 22, 2013 |
On a busy day for earnings reports, several major companies released results before the start of the trading day. Some were hit hard by Superstorm Sandy that struck the East Coast in the fourth quarter. On the plus side, at least in comparison to analysts' forecasts, was chemical maker DuPont Co., whose profit for the last three months of the year was $111 million, or 12 cents a share, down from $373 million, or 40 cents a share, a year earlier. Analysts on average had forecast only 7 cents a share for the latest period.
April 5, 2013 |
More than $2 billion in disaster loans was approved by the U.S. Small Business Administration to those affected by Superstorm Sandy , the agency said Friday. About 32,500 residents and businesses benefited from loans in what the agency called the third-largest natural disaster in the U.S. that it has responded to. The tropical cyclone struck in late October. “Since Hurricane Sandy struck the East Coast in October, SBA has worked diligently to approve loan applications and get money into the hands of storm victims as quickly as possible,” SBA leader Karen G. Mills said.
December 3, 2012 |
WASHINGTON - The nation's manufacturing engine lost steam in November, contracting for the first time in three months and falling to its lowest level since 2009, according to a leading private barometer released Monday. The Institute for Supply Management's purchasing manager's index decreased to 49.5 last month from 51.7 in October. A figure below 50 indicates economic activity is contracting. The manufacturing sector had expanded modestly in August and September after three months of slight contraction.
September 25, 2013 |
NEW YORK -- The effects of Superstorm Sandy plagued New Jersey throughout the summer, according to a poll released Wednesday that showed 38% of state residents who visited the Jersey shore spent less time there than they expected. The poll, conducted by Monmouth University and the Asbury Park Press, said that 1 in 6 New Jersey adults who normally spend time at the Jersey shore during the summer did not do so this year. Of those who visited the state's summer resorts but cut their stays short, nearly half cited worries that the seasonal businesses they counted on would not be open.
April 29, 2013 |
The Obama administration approved $1.83 billion to help New Jersey recover from the effects of Superstorm Sandy, which six months ago to the day pounded through the state and metropolitan New York City areas, bring flooding, destruction and death. Half a year after the storm, the region has made major advances in cleaning up, but tens of thousands of people remain homeless and major chunks of the local economy, including tourism, remain a question mark as the summer vacation season is set to return.
November 28, 2012 |
More than 17,000 people have converged on the Qatari capital for the latest U.N. climate talks, but the most influential presence may be Sandy. The superstorm that ravaged the U.S. Northeast a month ago seared into the American consciousness an apocalyptic vision of what climate change could look like. On the heels of devastating wildfires, droughts and floods this year, Sandy's destructive power snapped Americans to the reality that rising temperatures are a risk to their own well-being, not just a concern for distant lowlands.