Stolen copper is so valuable because it's used for so many items. But a growing industry is going to great lengths, including satellite images, to stop scavengers.
Copper is used in homes, by utilities and for a number of industrial processes, and increasingly, thieves are going after the metal anywhere they can find it.
Conventional wisdom would suggest it’s time to get out of the market about now. But this market is anything but conventional.
Stocks were higher across the board in thin trading Friday, with major averages struggling to close higher for the week, but gains were limited as investors hesitated to jump in amid a lack of strong catalysts to further fuel the recent rally.
Utility crews worked to restore power to an additional 200,000 customers in the New York area after a nor'easter blasted the region that's still trying to recover from Super Storm Sandy.
Ahead of the presidential election, CNBC created the CNBC Obama Index and the CNBC Romney Index featuring companies that could be viewed as winners or losers depending on the outcome of the race.
The Weather Channel's Todd Gross tracks another East Coast storm barreling up the Atlantic. Also, Mike Clendenin, Con Edison spokesman, explains how the utility company is preparing for another storm while restoring power to one hundred thousand customers.
The main New Jersey utility in suburban New York is shooting down a wave of rumors that union crews working for PSE&G are refusing to work with non-union contractors and workers from other states.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.
NEW YORK, Nov 4- About 1.9 million homes and businesses remained in the dark on Sunday as the pressure mounted on power providers to restore electricity to areas hit hardest by Hurricane Sandy nearly a week ago. In New York, utilities came under increasing pressure to restore heat and light to some 650,000 customers.
Northeast fell to 1.9 million on Sunday morning, down from 2.5 million the previous afternoon, although a quarter of New Jersey and almost a tenth of New York remained in the dark, the Department of Energy said.
Nov 2- U.S. utilities restored power on Friday to about a million East Coast homes and businesses plunged into darkness by Hurricane Sandy, a slowdown from the past two days, as crews began to work on the hardest-hit areas that may take days to fix.
While power outages continue to keep some gasoline stations and oil terminals shut, the efforts could put an end to the unwelcome revival of one of the 1970 s less fashionable trends in New York: infuriatingly long lines for gasoline.
Nov 2- More than 1.2 million homes and businesses in New York and 1.5 million in New Jersey were still without power on Friday, four days after Hurricane Sandy slammed into the U.S. East Coast, the states' power companies said.
It has restored power to Phillips 66' s 238,000 barrel per day Bayway refinery in New Jersey and a Buckeye Partners LP pipeline, it said during a conference call.
Nov 2- More than 1.3 million homes and businesses in New York and 1.4 million in New Jersey were still without power on Friday, four days after Hurricane Sandy slammed into the U.S. East Coast, the states' power companies said.
NEW YORK, Nov 1- The fuel supply crisis gripping the New York area deepened on Thursday as the city's iconic taxis started turning away business while drivers searched hours for a tank of gas, and there were growing signs that the worst of the crunch is not over.
At the heart of the problem is the fact that Sandy has devastated the energy industry's ability to move fuel into and around the New York City region, particularly the harbor, by any of the three means that normally supply the area: tanker imports from abroad; pipeline shipments from the U.S. Gulf Coast; or refinery production from the mid- New Jersey area.
Nov 1- Public Service Enterprise Group Inc, the biggest utility in New Jersey, said superstorm Sandy had caused severe damage to its infrastructure and it expected its losses to be material. Towns along the New Jersey shore took much of the brunt of Sandy, which barreled through the U.S.
*Wall Street banks in lower Manhattan reliant on generators. NEW YORK, Nov 1- New York taxi and car service companies started pulling vehicles off the road on Thursday as the fuel crunch deepened, with the vast majority of storm-hit service stations in the greater New York area now out of gasoline or without power.