« Dollar Weakens on Concern | Main | Rita May Cause Tens »

Stocks Decline on Hurricane

Stocks Decline on Hurricane Rita Fears (AP via Yahoo! News)
A hike in oil prices sent stocks lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries.

Oil prices climb as Hurricane Rita threatens US Gulf Coast rigs (AFP via Yahoo! News)
World oil prices made strong gains as Hurricane Rita gathered speed and threatened fresh damage to vital US Gulf of Mexico platforms and refineries, analysts said.

Rita heads for Texas as Category 5 hurricane (Reuters via Yahoo! News)
More than 1 million people along the Texas coast fled the approach of Hurricane Rita on Thursday as it developed into one of the most intense storms on record and threatened catastrophic damage.

EQECAT To Provide Estimates Thursday in London of Insured Losses for Offshore Oil and Gas, Marine Insurance, and (Business Wire via Yahoo! Finance)
EQECAT, Inc., the leading authority on extreme risk modeling, will make a presentation, Thursday, September 22, 2005 in London at 10a.m. , providing its estimates of insured losses for offshore oil and gas, marine insurance, and automobiles, as well as commercially insured flood damage related to Hurricane Katrina.

Nikkei sags as investors fear hurricane (Reuters via Yahoo! News)
Tokyo's Nikkei average fell 0.32 percent on Thursday after concerns that Hurricane Rita may inflict more damage on the U.S. economy prompted investors to cash in winners such as Mizuho Financial Group Inc. T>

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.

Stocks Decline on Hurricane Rita Fears (AP via Yahoo! News)
Soaring oil prices sent stocks lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries.

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.

Hurricane J.D. packs big wind but does little damage (The Arizona Republic)
The most disgusting thing that an elected official could do these days is to use the victims of Hurricane Katrina for political gain. The clever ones avoid the subject entirely. The less-than-clever ones believe that they can outsmart us by accusing other politicians of using hurricane victims.

Fears About Hurricane Rita Send Shares Down Sharply - New York Times (New York Times)
Stocks were sharply lower yesterday, with the Dow Jones industrial average falling more than 100 points, as traders worried about the damage that Hurricane Rita might wreak on Texas refineries.