The Bank of America (BAC.N) is completing plans to sell over half of its shares in the China Construction Bank (0939.HK), with a group of Asian and Middle Eastern sovereign wealth funds negotiating to buy, the New York Times reported on Saturday.
Hurricane Irene began her attack on the East Coast on Saturday -- killing at least 8 and leaving more than a million people without power.
While we safely wait for this anticipated storm, social media sites become the place to pass the time. Celebrities across the country have taken to Twitter to express their thoughts on Hurricane Irene.
Hurricane Irene, the first of the 2011 season, is on a destructive path along the East Coast. Irene took three lives in North Carolina and one in Virginia. Additionally, the Category 1 hurricane has effectively closed down New York, the nation's largest city. Irene is packing winds of about 90 miles per hour and is churning over North Carolina and Virginia.
Hurricane Irene's path has left damages behind it and spurred emergency preparations ahead of it.
The city that never sleeps started shutting down at midday on Saturday, with nearly all businesses except a smattering of food and liquor stores closing and public transportation coming to a halt ahead of Hurricane Irene.
Hurricane Irene has shut New York City down. Mayor Michael Bloomberg says subway lines may not reopen Monday.
Hurricane Irene is expected to to make uninvited ports-of-call to Washington, Baltimore, Philadelphia, and New York this weekend. President Barack Obama is leading the federal response effort and says the U.S. Government is prepared to meet the enormous human, resource, and infrastructure needs that the storm is likely to trigger.
A federal scientist returned to work on Friday after his agency lifted a suspension that went on for six weeks.
The Hurricane Irene update Saturday is not a good one for residents living along the upper U.S. East Coast. Hurricane Irene 2011 is on a path to become possibly the most destructive and disruptive storm most have seen in a lifetime lifetime, claiming lives, pouring destruction, and shutting down New York, America's largest city, before the storm even arrives.
Hurricane Irene charged up the U.S. eastern seaboard on Saturday as a weakening but dangerous storm that shut down New York City and threatened to inflict massive blackouts and flooding.
In addition, workers are moving trains and buses out of low-lying, flood-prone areas.
North Hempstead adds new areas on Port Washington peninsula to must-leave zones
He has already long suggested that Americans stockpile food ahead of an inevitable global disruption in food.
The death toll for Hurricane Irene has risen to five with a child in Virginia who was struck by a falling tree. The other four deaths were in North Carolina.
Hurricane Irene 2011 is on a path to become the East Coast storm of a lifetime, claiming lives, pouring destruction, and shutting down New York, America's largest city, move before the storm even arrives. Irene has already claimed three lives in North Carolina and winds of 90 miles per hour and torrential rainfall is inflicting heavy damage.
Roger Pielke, a University of Colorado professor and fellow of the Cooperative Institute for Research in Environmental Sciences, warned that Irene is “probably going to be very damaging.”
Just hours after making landfall in North Carolina, with a path projected up the U.S. East Coast ravaging through high-population areas including New York, Hurricane Irene 2011 holds the potential for being one of the costliest storms ever. Already New York is in an unprecedented shutdown in anticipation of the storm, and while economic loss for business closings ahead of a storm isn't used as a formal hurricane damage calculation the impact is indicative of what's to come from Irene
Slowly following its chartered course up the East Coast, Hurricane Irene has already claimed its first lives: A North Carolina man killed outside his home by a tree limb that blew down this morning and another who reportedly died of a heart attack, ABC News reported.
New York Mayor Michael Bloomberg says a downtown power shut-off is likely in advance of a Hurricane Irene strike.
You can't prepare for the best case, you have to prepare for the worst case, New York Mayor Michael Bloomberg tweeted Saturday morning, as NYC faces its first ever evacuation order due to the upcoming threat of Hurricane Irene.
Connecticut officials and residents scrambled Saturday to get residents of low-lying / flood prone areas out of harm’s away, as Hurricane Irene, a Category 1 storm packing 75 mile per hour winds and heavy rain. The outer bands of rain from Irene are expected to reach Connecticut by Saturday at 6 p.m. EDT.