volcano
A new plume of ash has closed several European airports again. That's adding to the air-travel industry's woes as the International Air Transport Association estimates that the April shutdown cost $1.7 billion.
As the ash cloud from Iceland's Eyjafjallajokull volcano clears, travel and tourism businesses on both sides of the Atlantic are tallying the cost. Find out how the massive aviation disruption has affected those industries.
Europe Struggles to Get Out From Under the Volcano
4:27PM 4/20/2010
As airspace slowly reopens in parts of Europe and some airlines restart their service, the continent's aviation industry and the E.U. are trying to adjust to the historic economic disruptions brought on by ash from the Iceland volcano.
Some travelers built makeshift living rooms in airport halls with cots encircling cardboard boxes, while seniors got a taste of the long-forgotten college life in dorms in Florence, Italy, and others plunked down thousands of dollars on cab fare in desperation to get where they needed to be...
With some European air service resuming today or tomorrow, the next few days will likely be dominated by news regarding how travel insurance companies are dealing with what volcanic ash did to people's travel plans. The short answer: Well, there is no short answer.
Several large travel insurance...
Some of Monday's best stories for inverstors, including how to trade market bubbles, the long-term impact of the Icelandic volcano, and is Goldman guilty?
Europe Braces for More Canceled Flights, and Frustrations Mount
9:10PM 4/18/2010
With air travel restrictions still crippling most of Europe, national governments and businesses are starting to bridle under the unprecedented shut-downs. Losses are now reaching more than $200 million a day. A U.K. pilots group says: "A number of airlines are now staring bankruptcy in the face."
Overnight Delivery to Europe? Not While the Volcano Is Spewing
7:15PM 4/16/2010
International shipping companies are scrambling to keep their operations moving, even as volcanic ash from Iceland closes down air traffic across much of Europe. Time-sensitive documents make up a large part of international air shipments. Promises of overnight deliveries are on hold.
If you're among the hundreds of thousands of travelers whose vacation or business trips got covered in ashes by a volcanic eruption in Iceland this week, your travel insurance is likely to bail you out -- at least partly.
As ash continued to spew into the atmosphere from a volcano in southern...
Health-Care Sector Appears to Rally As Reform Chances Dim
8:15PM 1/20/2010
Health Care, Genzyme Corporation , Bristol-Myers Squibb, CIGNA Corporation, Sanofi Aventis, Merck, GlaxoSmithKline, Amgen, Eli Lilly
President Obama can't be pleased by the loss of a Democratic Senate seat which jeopardizes passage of his cherished health-care reform. The news, however, appears to have fueled a mini stock rally in the health-care and pharma sectors wary of how any reform would affect their businesses. The uptrend is expected to continue.
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