EARTHQUAKE

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Japan estimates quake damage at up to $300 billion: report

The Japanese government estimates material damage from a deadly earthquake and tsunami that struck the country's northeast this month at 15-25 trillion yen ($185-308 billion), making it the costliest ever natural disaster, the Nikkei newspaper reported on Wednesday.

A Sense of Calm is Returning to the Markets: Omnivest

A foreign exchange dealer works at a trading room of a foreign exchange trading company in Tokyo
There is a clear sense of calm returning to the financial markets after the horrific earthquake in Japan and the leveling of the playing field in Libya. Though the damage associated with Japan’s earthquake is clearly immense, its economic impact will mostly be localized.
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HP assessing Japan earthquake impact

Hewlett-Packard Co said on Tuesday it is assessing the impact to its business of the earthquake and tsunami that struck Japan earlier this month and that its office in Sendai, near the quake's epicenter, remains closed.
Smoke From Reactor Number 3

TEPCO Says Fukushima Reactors Have Power

Tokyo Electric Power Company is reporting that as of 7 a.m. Eastern time power is available in the four damaged reactors at the Fukushima Daiichi nuclear power plant, which will help to stabilize the reactor cores and the spent fuel pools.
80-year-old Sumi Abe (C) is helped by emergency workers after being rescued from under the rubble in Ishinomaki City

Miraculous recovery of grandmother, grandson in quake-damaged Miyagi

In one of the few happy stories to come from the earthquake tragedy in Japan, an 80-year-old woman and her 16-year-old grandson have been rescued from the rubble of their home in the coastal city of Ishinomaki in Miyagi Prefecture, the epicenter of the tragedy, according to Kyodo news agency.
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Moody's: Japan has fiscal, credit means to deal with

Japan's economy could shrink after a devastating earthquake and tsunami earlier this month, but the government has the fiscal and credit means to deal with a disaster which could cost twice as much as the 1995 Kobe earthquake, ratings agency Moody's said on Monday.
Indian Point Nuclear Power Plant

NRC: Seismic Refits Not Yet Needed

The Nuclear regulatory Commission has no plans to retrofit existing nuclear power plants due to seismic hazards, despite an increase in measured seismic risk at some sites.
A mother touches her son's stomach at an evacuation center set in a gymnasium in Yamagata, northern Japan

Japan death toll nearing 7,000; thousands remain missing

The official death toll from Japan’s huge earthquake-tsunami tragedy is approaching 7-thousand, already exceeding the 6,434 who died in the Great Hanshin earthquake of 1995, according to Japan’s National Police Agency.

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