Superstorm Sandy

Midday Market Minute: Lowe's 4Q Net Income Tops Expectations

Home improvement retailer Lowe's Cos. credits cleanup efforts after Superstorm Sandy and its new pricing strategy for fourth-quarter earnings that surpassed Wall Street expectations, a sign that people are beginning to feel better about spending money on their homes as the housing market slowly recovers.

Boehner Caves, Agrees to Hurricane Sandy Aid Vote on Friday

Under intense pressure from angry Republicans, House Speaker John Boehner agreed late Wednesday to a vote this week on aid for Superstorm Sandy recovery. He will schedule a vote Friday for $9 billion for the national flood insurance program and another on Jan. 15 for another $51 billion in aid.

Money From Sandy Relief Concert Being Put to Work

Some of the biggest names in rock 'n' roll were on the bill for the nationally televised "12-12-12" concert benefiting victims of Superstorm Sandy, but the charity in charge of distributing donations has been thinking small when it comes to doling out the $50 million-plus raised by Bruce Springsteen, Paul McCartney, the Rolling Stones and other stars.

Holiday Retail Sales Growth Weakest Since 2008

U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers' rising uncertainty about the economy.

Consumer Spending, Personal Income Up in November

Consumers spent and earned more in November, reflecting a rebound from the disruptions caused by Superstorm Sandy. The Commerce Department says consumer spending rose 0.4 percent compared with October. Personal income jumped 0.6 percent, the biggest gain in 11 months.

Manufacturing Rose 1.1% Last Month on Rebound from Sandy

U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. The Fed says factory output increased 1.1 percent from October, offsetting a 1 percent decline from the month before, which was blamed on the storm.

Initial Jobless Claims Fall by 25,000 as Sandy's Effect Wanes

The number of Americans filing new claims for unemployment benefits fell for a third straight week last week, but still remain too volatile to offer a clear signal on labor market conditions. Initial jobless claims dropped 25,000 to a seasonally adjusted 370,000.

'Santa' Showers $100 Bills On Storm-Hit N.J., N.Y.

A wealthy Missouri man posing as "Secret Santa" stunned New Yorkers, handing $100 bills to many in Staten Island who had lost everything to Superstorm Sandy. The Kansas City businessman is giving away $100,000 this holiday season.

Initial Jobless Claims Plunge as Sandy Continues to Distort Data

The number of people seeking U.S. unemployment benefits fell sharply by 41,000 last week to a seasonally adjusted 410,000, though the figure was elevated for the second straight week by Superstorm Sandy. But employment should rebound after the impact of the storm passes.

Power Outages After Sandy Weren't Unusually Long After All

As the days without power stretched on for hundreds of thousands after Superstorm Sandy, patience turned to anger. But an AP analysis of outages from other big storms shows that the time it took to utility companies to restore electricity was no worse than average -- and in some places, actually faster.

Initial Jobless Claims Jump, Hurricane Sandy Blamed

The number of Americans filing new claims for jobless benefits surged by 78,000 to a seasonally adjusted 439,000 last week, a 1.5-year high and a sign that superstorm Sandy dented the U.S. economy by leaving tens of thousands of people out of work.

What to Do When Insurers Start Rejecting Superstorm Sandy Claims

Superstorm Sandy is expected to cost a staggering $50 billion, with as many as 200,000 claims for wind damage and 20,000 claims for flood damage filed by consumers. The sooner those claims are filed the better, but that doesn't necessarily mean everyone will get what they ask for.

Weekly Jobless Claims Fell to 355,000

Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department said on Thursday. The report is a sign the labor market's slow recovery is gaining traction, although Hurricane Sandy's impact on the Northeast may have distorted the data.

U.S. Weekly Jobless Claims Dropped Again

The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 363,000, below the median forecast in a Reuters poll of 370,000.