Once the dust settles and the victims have been accounted for, Moore, Okla., will begin the gargantuan task of rebuilding itself. It's a task that will take billions of dollars in federal and state aid, insurance claims and charitable donations, the CSM reports.» Read More
Once the dust settles and the victims have been accounted for, Moore, Okla., will begin the gargantuan task of rebuilding itself. It's a task that will take billions of dollars in federal and state aid, insurance claims and charitable donations, the CSM reports.
NBC's Erika Gonzalez reports on the aftermath of the Oklahoma tragedy. Meanwhile Sen. Marco Rubio, (R-FL), shares his views on the IRS scandal in Washington.
NEW YORK, May 21- Crude prices fell on Tuesday, led lower by a sharp drop in U.S. gasoline futures as traders bet the market would be well supplied this summer, and as an industry report showed rising fuel stockpiles in the world's largest oil consumer.
MOORE, Oklahoma, May 21- The damage from Monday's tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 158 people, Oklahoma Insurance Commissioner John Doak said.
Officials are almost sure the recovery of the missing is almost finished, and many are pulling together to help Oklahoma after the devastating tornado ripped through killing at least 24 people, reports CNBC's Jane Wells.
Weather Channel's Mike Seidel reports there was a hail threat in Oklahoma today, and shares an update on the aftermath from the tornado.
NEW YORK, May 21- Crude oil futures ended lower on Tuesday, falling early as the dollar strengthened, then paring losses as the greenback weakened after a Federal Reserve official said he did not believe the U.S. central bank should pull back on its quantitative easing program.
*Hot weather last week stressed Kansas wheat. CHICAGO, May 21- Tornadoes, high winds, rain and hail that cut a swath across the midsection of the United States on Sunday and Monday did only minimal harm to the winter wheat crop in top producers Kansas and Oklahoma, agricultural experts said. I'm in Phillips County now, in northwest Kansas, and the crop looks terrible.
NEW YORK, May 21- Southern Star Central Gas Pipeline Inc on Tuesday said a portion of its natural gas pipeline near Moore, Oklahoma, was impacted after a tornado struck the region late Monday. Southern Star next-day gas prices, not typically tracked by Reuters but listed on ICE, traded down 3 cents on the day at $3.99, one of the only losers on the ICE gas price list.
CNBC's Jane Wells reports on the rescue efforts taking place in Oklahoma after yesterday's massive tornado; and Meteorologist Reed Timmer reports on a tornado watch currently in effect around Dallas.
Monster. That's what they're calling the tornado that barreled through the Oklahoma City area. Here are heartbreaking scenes.
NEW YORK/ LONDON, May 21- Brent crude oil futures fell below $104 per barrel on Tuesday in New York, as investors worried that the U.S. Operations were unaffected at the U.S. crude futures hub in Cushing, Oklahoma, about 77 miles northeast of Moore, after a vicious tornado ripped through the area.
President Obama promised to make available all necessary government resources to Oklahoma to help in the rescue and recovery effort in the aftermath of a devastating tornado.
Our focus is on the urgent work of rescue, said President Obama commenting on efforts to provide relief for Oklahoma after a devastating Tornado destroyed neighborhoods, and left at least 51 people dead, 20 of them children. And, CNBC's John Harwood, reports on the clean-up efforts.
MOORE, Okla.-- Officials say a tornado hit a small hospital in suburban Oklahoma City, but all the 30 patients inside survived. Moore Medical Center spokeswoman Kelly Wells says the hospital was "pretty much destroyed" after Monday's tornado.
NEW YORK-- CBS has taken the scheduled season-ending episode of "Mike& Molly" off the air because its plot line revolved around a tornado threatening the couple. CBS said the show's season finale will air "at an appropriate date." CBS is owned by CBS Corp..
Rescuers desperately search for survivors in the rubble of flattened communities a day after a 2-mile-wide tornado carved a path of destruction in Oklahoma.
TULSA, Okla.-- Laredo Petroleum is selling its holdings in the Anadarko Basin to EnerVest Ltd. for $438 million. The Anadarko Basin runs through the western part of Oklahoma and into the Texas Panhandle and extends into western Kansas and southeast Colorado. Shares of Laredo Petroleum Holdings Inc. closed at $19.17 Monday.
The deadly twister stayed on the ground for nearly an hour yesterday, and now emergency teams are searching for survivors and working through miles of debris, reports CNBC's Jane Wells.