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Rita May Cause Tens

Rita May Cause Tens of Billions in Damage (AP via Yahoo! News)
Hurricane Rita has the potential to flood an area almost twice the size of New Orleans when it reaches shore early Saturday, causing tens of billions of dollars in damage to the Houston metropolitan area and plunging yet another major Gulf Coast metropolis into disarray.

Houston Facing Tens of Billions in Damage HOUSTON, TX -- Hurricane Rita has the potential to flood an area almost twice (First Coast News)
causing tens of billions of dollars in damage to the Houston metropolitan area and plunging yet another major Gulf Coast metropolis into disarray. suburbs. The study estimated the total cost of a worst-case storm at $80 billion, with 75 percent due to flooding and the rest from wind damage.

Cleco: Hurricane damage $100 million to $125 million (New Orleans Times-Picayune)
(AP) Cleco Corp., a power utility that serves the northern area of Lake Pontchartrain hit hard by Hurricane Katrina estimated Wednesday that damage to its transmission system would cost the company $100 million to $125 million.

Stocks little changed as hurricane builds (Reuters via Yahoo! News)
U.S. stocks were little changed on Thursday, with investors hesitant as Hurricane Rita threatened to further damage energy facilities in the Gulf of Mexico.

Stocks fall on Hurricane Rita fears Wednesday (Billings Gazette)
NEW YORK - A hike in oil prices sent stocks sharply lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries. The Dow Jones industrial average lost more than 100 points.

HURRICANE RITA (Austin American-Statesman)
Extensive damage expected along powerful hurricane's path. Start a hurricane Web log: Share your experiences in your very own Web log. Be sure to tag/keyword your entries with "Rita" to be featured on these pages. Start your own blog.

Techs, gold take TSX lower; NY mixed on anxiety over hurricane damage (Canadian Press via Yahoo! News)
TORONTO (CP) - Lower gold and technology stocks kept the Toronto stock market negative Thursday even as energy stocks and crude oil rose as hurricane Rita roared toward a concentration of energy production facilities along the U.S. Gulf Coast.

Eurostocks fall on hurricane fears (CNN Money)
European stocks closed lower as the insurance sector was blown away by potential damage from Hurricane Rita.

Cleco: Hurricane damage $100 million to $125 million (KATC3)
UNDATED Cleco Corporation, a power utility that serves the northern area of Lake Pontchartrain hit hard by Hurricane Katrina estimates that damage to its transmission system will cost the company 100 (m) million to 125 (m) million dollars.

Oil May Rise on Damage From Hurricane, Survey Shows (Update1) (Bloomberg.com)
U.K. Sept. 23 (Bloomberg) -- Crude oil may rise on concern Hurricane Rita will damage production platforms in the Gulf of Mexico and refineries in Texas, a Bloomberg survey showed.