weather

Oil Prices Rise on Cold Weather in Europe, U.S.

Oil prices gained Monday morning as expectations of cold weather in the U.S. and Europe raised demand. U.S. crude for January delivery rose 15 cents to $88.20 a barrel at 7:48 GMT, Reuters reported. ICE Brent for February rose 13 cents to $91.80.

Cold Weather Drives Oil to Highest Price Since 2008

Oil rose to the highest price in more than two years as cold weather in the U.S. and Europe stoked demand. U.S crude prices for January rose as high as $90.46, the highest since Oct. 2008, Reuters reported.

Severe Weather Closes Airports, Spreads Chaos in Europe

Severe weather closed airports in Geneva, London and Edinburgh, spreading chaos through Europe%u2019s transportation system. London Gatwick airport, the second-busiest in the U.K, will be closed until at least tomorrow morning while snow is cleared away, Bloomberg News reported. Geneva airport is shut until at least 2 p.m. local time, while flights were cancelled at Frankfurt thanks to strong tailwind.

Tropical Depression Delays BP Relief Well in Gulf of Mexico

Bad weather delayed work on the final feet of the relief well that is intended to permanently fix BP%u2019s (BP) ruptured oil well in the Gulf of Mexico. A tropical depression is heading for the site from a position off the coast of Florida, and it is expected to strengthen and become a tropical storm today, The Associated Press reported.

10 Worst Places to Live

You don't need the U.S. Misery Index to tell you that things are bad in the U.S. Unemployment is near or at all-time highs in many parts of the...

Cleanup Vessels Evacuate Gulf as Tropical Storm Bonnie Nears

U.S. authorities ordered vessels working at the ruptured oil well in the Gulf of Mexico to evacuate the area on Thursday evening as Tropical Storm Bonnie approached. The rig drilling a well to intercept BP%u2019s (BP) ruptured Macondo well will also be temporarily moved, Ret. Coast Guard Adm. Thad Allen said, according to The Wall Street Journal.

Insurers Prepare for a Rough Storm Season

Tornadoes, floods, severe weather: It's shaping up to be another bad year on the natural disaster front, and that could place increased pressure on the U.S. insurance industry.

Early Easter, Good Weather Boost Retail Sales

An early Easter and a spring thaw helped spur shoppers into stores in March, and retailers now expect to post healthy gains for the month. The International Council of Shopping Centers said for the week ending April 3, sales were up 2.1% over the week before and 4.7% over the same time last year.

Ski Resorts Benefit From 'Backyard Syndrome'

Crunch time for ski resorts is much easier this year thanks to the back-to-back winter storms that have pounded the East Coast. In industry lingo, it's called the "Backyard Syndrome," which means that if people see snow around their homes, they are overtaken by a desire to ski or snowboard.

A Big Chill,
but Not Always
So Painful

So far, the East Coast has had a bitterly cold winter -- temperatures were below normal throughout between New York City and Atlanta, and the extreme cold is expected to linger through February. The chill has been a boon for some sectors of the economy, even as it drags down others.

Could a Little Sunshine Help Your Portfolio?

A theory by two accounting professors known as "the sunshine effect" suggests that the price of certain stocks may tend to move higher than normal when earnings are announced on sunny days.

Weather insurance for your vacation?

Are you sick of spending your summer vacation cramped up in a hotel while the rides at Disneyland sit idly by, cementing the thought that you just...