Zale Loss Widens Blames Hurricanes
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Jewelry retailer Zale Corp. (ZLC.N: Quote, Profile, Research) said Tuesday its quarterly loss widened as its business took a hit in the autumn from the string of hurricanes that battered the US Southeast and Puerto Rico.
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The 2004 hurricane season is expected to be costly for insurers, with early estimates of $8bn (Â£4.5bn) of losses from just one of the storms that have hit the United States this year.
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The 16th tropical depression of the 2007  Atlantic hurricane season brought heavy rains to Haiti and the  Dominican Republic on Sunday after forming in the Caribbean,  U.S. forecasters said.
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Far away, off the coast of South America, the waters of the Pacific Ocean are cooling ominously. In the Atlantic, the sea surface remains warm. And overhead, the atmosphere is evolving toward what forecasters said yesterday could be a dangerous hurricane season.
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Weakened but still formidable, hurricane Frances was downgraded to a tropical storm last night as it spun slowly toward Louisiana, leaving a trail of flooding and destruction up and down
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Fitch Ratings believes that even if the damage caused by Hurricane Charley -- estimated as a $5 billion to $10 billion insurance loss -- comes in at the low end of the estimates, it will rank the storm as the third largest insured US hurricane loss in ...
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The 2007 Atlantic hurricane season will be busier-than-average with an expected 14 tropical storms, of which seven will strengthen into hurricanes, a noted forecasting team founded by Dr. William Gray said on Friday.
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Severe weather, including a possible tornado, damaged about 50 homes in central Florida before the system became a subtropical depression Friday and had parts of the Gulf Coast under tropical storm warnings.
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Although the first hurricane of the season has weakened to a tropical storm, it could gain strength again as it approaches the Keys, experts warn.
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Hurricane forecaster William Gray's team downgraded its expectations for the 2006 Atlantic storm season Friday, calling for a slightly below-average year, with only five hurricanes instead of the seven previously forecast.
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A Pacific storm strengthened into a hurricane late Wednesday but it was expected to weaken, the National Hurricane Center said.
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Hurricanes pose more of a threat than they did 30 years ago because of population growth.
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Roofs were blown off, trees uprooted and power lines cut by the force of a tropical cyclone which slammed into coastal regions of already-beleaguered Mozambique on Thursday, officials said.
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MIAMI, FLA. - Florida is bracing for a storm system almost twice as big as hurricane Charley, which killed 27 people and caused $7.
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FORT LAUDERDALE, Fla. - (KRT) - Despite criticism that it should have better anticipated Hurricane Charley&#39;s rapid intensification and quick turn, the National Hurricane Center&#39;s forecast wasn&#39;t that far off, a preliminary post-mortem shows.
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Blame it on Charlie. And Frances, Ivan and Jeanne. Delta Air Lines (nyse: DAL - news - people ) Wednesday reported that third-quarter losses widened on weak domestic yields and lower passenger revenue.
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Chicago - Insured losses from Hurricane Charley could be between $10 billion (R66 billion) and $14 billion, according to industry estimates released as insurers received thousands of claims from Florida.