STORM

Following Irene's fury, America's largest metropolitan city is back in business on Monday as most subways and buses resumed service. Commuter traffic is lighter than normal as many in the region still lack power and others who fled remain out of town, but it was a quick turnaround for New York.

Tropical storm Nanmadol headed for China on Monday, losing strength after drenching southern and eastern Taiwan, forcing evacuations, shutting businesses and disrupting transport, but causing no major damage or casualties.

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 1 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 1 percent at 0930 GMT (5:30 a.m. ET).

The Atlantic City casinos, which were shut as Hurricane Irene moved toward the city and the rest of New Jersey, will reopen at noon on Monday.

U.S. President Barack Obama on Sunday warned that flooding from Hurricane Irene could worsen as rivers flood their banks and said federal recovery efforts would last a few weeks.

Hurricane Irene swept through Manhattan on Sunday but reserved the worst of its fury for towns and suburbs up and down the northeastern United States where driving rain and flood tides inundated homes and cut power to millions.

More than 470,000 Long Islanders lost power due to Irene

Reporting live about Hurricane from Ocean City, Maryland Sunday, Tucker Barnes, a TV reporter for WTTG, was drenched in what he described as organic matter that doesn't taste great.

Was the Hurricane Irene Path Evacuation and transit system shutdown ordered by New York Mayor Michael Bloomberg wrong?

A final decision on whether to cut power to Lower Manhattan due to storm surges has not been reached, said New York power utility Consolidated Edison, or Con-Ed, said Sunday, but flooding in the area appeared to be less severe than expected.

In Washington, Federal Emergency Management Agency (FEMA) officials said it would take several days to begin complete cost estimates of damage caused by the storm, and to determine how long it will take be before transportation systems in the East Coast Boston-New York-Philadelphia-Washington corridor will be back to full service.

Granted, if Irene had crossed closer to Manhattan, I’d be singing a different tune.

At least five storm-related deaths have been recorded in the state.

New York has lifted an unprecedented evacuation order in place for Hurricane Irene and the New York Stock Exchange will open Monday, but New York area airports will not reopen until at least late Monday, officials said. New York's transit system including subways that serve eight million people each weekday were closed in advance of Hurricane Irene. Also, all New York area airports were closed. But the evacuation was lifted Sunday afternoon, and the New York Stock Exchange says i

Hurricane Irene had weakened to a tropical storm when it made landfall in New York City, with winds of 65 miles per hour. But further south, states were not so lucky. Power is out in many places and transportation is still hampered across much of the East Coast, and with major airport hubs downed, the ripple is affecting most of the world. Now focus turns to restoration and recovery as the weekend rolls in the business week. Join IBT staff as we live blog the recovery efforts and continued devel...

New York Mayor Michael Bloomberg has lifted the unprecedented evacuation order in place for Hurricane Irene, allowing 370,000 people to return to their homes Sunday afternoon in low-lying areas of New York after the storm hit the city Sunday.Also, the New York Stock Exchange will open Monday under a normal schedule, a spokesman said.

The New York Stock Exchange will open Monday, a spokesman said.

Even as rains and wind from Hurricane Irene's path began to lash the coast of North Carolina Friday, much of the Eastern seaboard braced for the massive storm as it targeted such major cities as New York and Boston Sunday morning.

Massachusetts residents were spared the bulk of the wrath of Hurricane Irene, as it was downgraded to a tropical storm Sunday morning as it entered the Bay State. Nevertheless, the storm uprooted hundreds if not thousands of trees and power lines, and caused extensive flooding.

New York dodged a big bullet as Hurricane Irene weakened early Sunday on approach, but America's largest city and the surrounding area in particular didn't dodge significant impact from the storm's path and might. Hurricane Irene had weakened to a tropical storm when it made landfall in New York City, with winds of 65 miles per hour. One hour earlier the storm had taken a toll on New Jersey and Long Island, knocking out power for most, downing big trees, and causing flooding in the are...

The storm is not over, yet.