The eye of Irene made its way over the New York City Sunday, rolling directly over the borough of Queens, and though the storm unleashed intense rains and heavy winds on the city, it was downgraded to a tropical storm from a hurricane.
Hurricane Irene will take a very small bite out of a U.S. economy already struggling with debt and unemployment after businesses across the East Coast closed their doors ahead of the deadly storm.
Beaches along the Atlantic coast took a beating over the weekend from Hurricane Irene, which caused heavy damage to some popular seaside tourist towns while sparing others the worst of its powerful wind and waves.
The people of Mineral, Va., were starting to whether Mother Nature had it in for them.
Damage from Irene appears to be less than feared, a bit of reassuring news for a fragile economy.
From North Carolina to Pennsylvania, Hurricane Irene appeared to have fallen short of the doomsday predictions. But with rivers still rising, and roads impassable because of high water and fallen trees, it could be days before the full extent of the damage is known.
Hurricane Irene and the closure of at least 1,000 theater locations along the East Coast is expected to put a dent in this weekend's domestic box office.
With more than 50 million people potentially in Hurricane Irene's path, residents along the US east coast stocked up on food and water and worked to secure homes, vehicles and boats.
Qantas CEO Alan Joyce denies any merger talks and says domestic demand remains strong. But he adds that the strong Australian dollar and high fuel prices are hurting international business.
Beijing appears to be rethinking its singular focus on electric vehicles to reduce fuel consumption and improve air quality as it becomes increasingly clear that its targets for mass-producing electric vehicles in China are unrealistic. The FT reports.
With the markets in turmoil, the Fast traders had a handful of stocks on their radar Monday. Find out how they are trading H-P, Lowe's and FedEx.
Shares of the shipping company are down dramatically over the past six weeks but is the selling overdone? Insight with Tom Wadewitz, JP Morgan transportation analyst.
The Chinese rating agency best known for downgrading US sovereign debt last year, has come under fire domestically for giving the country’s embattled railway ministry a higher rating than the government. The FT reports.
With the military jealously guarding its control of the airspace, wealthy Chinese hobbyists fly clandestinely. The NYT reports.
Goldman Sachs lowered expectations for Ford and JPMorgan offered a dim outlook for AMR and other airline stocks this week.
Central Banks jump into the gold trade and stock up on reserves. Insight on whether individual investors should follow their lead and insight on whether the sell off in transports is a sign of things to come for the market and Pete Najarian takes a look at Apple hanging in tough in a weak tape.
Major automakers posted July U.S. sales that ticked higher from the slump of recent months, but failed to dispel doubts about the strength of the economy and the mood of American consumers
The FAA is seeking an extension on temporary funding to end a partial shutdown that's gone on for nearly two weeks. Insight with Ray LaHood, Secretary of Transportation.
Ford Motor is recalling 1.1 million pickup trucks because the gas tanks can fall off and cause fires.
Companies like ServiceMaster, ServPro, Disaster Kleenup International and the Signature Group are ready to mobilize workers by the hundreds to respond to catastrophe for days and weeks on end.