Consumers Say Prices Gouged After Storm
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ORLANDO, Fla. - The oak tree in Ilyse Kusnetz's back yard caused one headache when it crashed into her house during Hurricane Charley...
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Consumers pay the price for high merchant fees.
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WASHINGTON -- Consumers were tightfisted amid soaring gasoline costs in August and hurricane-related disruptions last week sent applications for jobless benefits to their highest level in seven months.
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Hurricane Charley, the worst storm to hit the US in over a decade, will cost insurers just $7.4bn, one insurance expert estimates.
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Shoppers expecting big, across-the-board price cuts in the run-up to Christmas may be in for an unpleasant surprise.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Insurers are braced to pay out at  least $5 billion in claims for devastation caused by Hurricane  Charley, making the storm the second most costly after  Hurricane Andrew, industry and government officials said on  Monday.
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Aug. 18 (Bloomberg) -- Florida has been hit by a wave of price gouging in areas hard hit by Hurricane Charley, the New York Times said, citing state officials.
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The disappointing sales figures made it clear that consumers wrestling with high gas and food prices, a slumping housing market, an escalating credit crisis and a weakening job market retrenched further.
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When Hurricane Charley moved out, the conmen moved in. From selling $5 ($A7) bags of ice by the road to charging up to $11,000 to take down damaged trees, the rip-offs are rampant.
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NEW YORK - The price of oil settled above $50 a barrel for the first time yesterday amid worries about tight supplies and production problems because of hurricanes in the Gulf of Mexico.
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As Florida was cleaning up yesterday from its fourth hurricane in six weeks, insurance executives and analysts said they expected the cost of coverage to rise sharply for millions of homes and businesses in the state.
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Utilities and insurance companies are expected to try to recover massive expenses from the recent hurricanes, and consumers could be the ones who pay.
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Hurricane Frances is pushing up commodity prices and weighing on insurance company stocks as it heads for the Florida coast. Orange juice prices hit nine-month highs on the New York Board of Trade on Thursday
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LONDON : Oil prices fell back as worries about the impact of tropical storm Frances subsided. The price of benchmark Brent North Sea crude oil for delivery in October lost 11 cents to 40.
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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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Estimates range from $3B to $10B following second major storm to hit Florida within a month. NEW YORK (CNN/Money) - Losses from Hurricane Frances are now forecast to make it the fifth-costliest storm in US