Markets to reopen tomorrow...Sandy damage estimates...Newspaper circulation flat....

October 30, 2012, 2:10 pm


NEW YORK (AP) — The New York Stock Exchange will reopen for regular trading Wednesday after being shut down for two days because of Hurricane Sandy. Markets around the world have rebounded today in largely subdued trading.

WASHINGTON (AP) — One forecast estimates that superstorm Sandy will end up causing about $20 billion in damage and $10 billion to $30 billion more in lost business. That's according to forecasting firm IHS Global Insight. But longer-term, economists expect the punch from the storm will be countered by the impact of rebuilding and renovation.

NEW YORK (AP) — Sandy grounded more than 15,000 flights across the world. Flight-tracking service FlightAware says more than 6,000 flights were canceled today alone.

NEW YORK (AP) — Consolidated Edison says power will be restored everywhere in Manhattan and Brooklyn within four days. It warns it could be at least a week for other boroughs and Westchester County because power is delivered to those areas largely using overhead lines.

NEW YORK (AP) — An industry group says U.S. newspaper circulation was little changed in the six months ending in September. The Wall Street Journal kept its position as the No. 1 newspaper with average circulation growing more than 9 percent to 2.3 million.

Tags:
RELATED STORIES
COMMENTS
Investigators are tight-lipped about how Patriots tight end Aaron Hernandez factors into the case
Stepfather has connected Lloyd, a semi-pro football player from Boston, to Patriots tight end Aaron Hernandez
We have several dessert ideas that show off loyalty to the team
For a $5 raffle ticket, you could be heading to Chicago with Bob Sweeney, president of Boston Bruins Foundation
Patriots player Aaron Hernandez is being spoken to in his home by investigators, but is not a suspect for a possible homicide