Irene Tightens Its Grip Across East Coast States
Irene a Category 3 hurricane with 115 mph winds faced the East Coast, threatening 65 million people from North Carolina to New England. Officials warned of heavy rain, high storm surge, and billions in potential damage as states declared emergencies and residents prepared.
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Buxton
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North Carolina
New England
Navy
Irene
Washington
New York
Boston
National Hurricane Center
Max Mayfield
Associated Press
United States
Federal Emergency Management Agency
FEMA
Craig Fugate
New Orleans
MIT Meteorology
Kerry Emanuel
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Carolina
Virginia
Maryland
Delaware
New Jersey
Chesapeake Bay
Martin Luther King Jr
National Mall
Airlines curb flights as Irene nears U S shores
Airlines including American and Delta began canceling flights and moving aircraft to safety as Hurricane Irene neared the mainland. The storm threatens hundreds of cancellations and widespread delays along the East Coast with Amtrak also scaling back service. Airlines offered free rebooking, while pre-storm flight scrubbing aims to speed post storm resumption.
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Carolinas
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Markets End Mixed With Declines Across Indices
Thursday trading saw the Dow fall 170.89 points to 11149.82 while the Nasdaq slipped 48.06 to 2419.63 and the S&P 500 off 18.33 to 1159.27. The 30 year Treasury yielded 3.59 percent. Commodities moved higher with corn 0.5 cent to 7.44, soybeans up 15 cents to 13.93, wheat 13 cents higher at 8.48, and oil up 14 cents to 85.30.
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Buffett Bets $5 Billion Boost for Bank of America
Warren Buffett via Berkshire Hathaway plans a $5 billion investment in Bank of America, sending the stock up about 9 percent and signaling strong confidence in the lender. Analysts call Buffett the bank’s white knight as BOA seeks to shore up its balance sheet amid mortgage worries and a steep stock decline. Moynihan, CEO since 2010, welcomed the move as a vote of confidence from a legendary investor.
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New York
Warren Buffett
Buffett
Berkshire Hathaway Inc
Bank of America Corp
Bank of America
Glenn Schorr
Nomura Equity Research
Brian Moynihan
Moynihan
U.S
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