Ex-Penn State president to be charged in Sandusky scandal: source Nov 1st 2012, 15:49 HARRISBURG, Pennsylvania (Reuters) - Former Penn State University President Graham Spanier will be charged with perjury and obstruction offenses in the coverup of the Jerry Sandusky child sex abuse scandal, a source familiar with the matter said Thursday. Prosecutors have also prepared new charges against two other former officials, Athletic Director Tim Curley and Vice President Gary Schultz, who have already been indicted in the Sandusky case, the source said on condition of anonymity. ... | Ex-Penn State president to be charged in Sandusky scandal: source Nov 1st 2012, 15:49 HARRISBURG, Pennsylvania (Reuters) - Former Penn State University President Graham Spanier will be charged with perjury and obstruction offenses in the coverup of the Jerry Sandusky child sex abuse scandal, a source familiar with the matter said Thursday. Prosecutors have also prepared new charges against two other former officials, Athletic Director Tim Curley and Vice President Gary Schultz, who have already been indicted in the Sandusky case, the source said on condition of anonymity. ... | PSEG says Sandy causes damage to transmission system Nov 1st 2012, 15:35 (Reuters) - New Jersey power company Public Service Enterprise Group Inc (PSEG) CEO Ralph Izzo said on Thursday that Hurricane Sandy's tidal surge caused significant damage to the electric transmission system and some switching stations. "Probably the most significant damage we sustained was due to a tidal surge that was associated with Hurricane Sandy that hit the northern part of the territory, and uniquely did some damage to our transmission system and some of our switching stations," said Izzo, the chairman, president and CEO of PSEG, on the company's third-quarter conference call. ... | PSEG says Sandy causes damage to transmission system Nov 1st 2012, 15:31 (Reuters) - New Jersey power company Public Service Enterprise Group Inc (PSEG) CEO Ralph Izzo said on Thursday that Hurricane Sandy's tidal surge caused significant damage to the electric transmission system and some switching stations. "Probably the most significant damage we sustained was due to a tidal surge that was associated with Hurricane Sandy that hit the northern part of the territory, and uniquely did some damage to our transmission system and some of our switching stations," said Izzo, the chairman, president and CEO of PSEG, on the company's third-quarter conference call. ... | Storm Sandy knocks October auto sales below estimates Nov 1st 2012, 15:29 DETROIT (Reuters) - General Motors Co and Chrysler Group LLC both reported their strongest U.S. sales for the month of October since the financial crisis sent both U.S. automakers into bankruptcy, but the destruction of storm Sandy will cause the sector to miss overall sales expectations. Ford Motor Co's sales last month edged up 0.4 percent, while Toyota Motor Corp's sales rose about 16 percent. GM sales rose 4.7 percent to 195,764 vehicles, while those at Chrysler, an affiliate of Italy's Fiat SpA, increased 10 percent to 126,185 vehicles. ... | NBC benefit concert on Friday to aid Sandy victims Nov 1st 2012, 15:18 (Reuters) - NBC will air a concert featuring singers Bruce Springsteen, Jon Bon Jovi and Christina Aguilera on Friday to benefit victims of monster storm Sandy, which devastated parts of the U.S. Northeast with flooding and winds this week. The special will be broadcast on the networks of NBC Universal, and money collected from the program will be donated to the American Red Cross relief efforts, NBC said on its website. The benefit concert, titled "Hurricane Sandy: Coming Together," will be hosted by Today show anchor Matt Lauer, the TV network said. ... | NBC benefit concert on Friday to aid Sandy victims Nov 1st 2012, 15:18 (Reuters) - NBC will air a concert featuring singers Bruce Springsteen, Jon Bon Jovi and Christina Aguilera on Friday to benefit victims of monster storm Sandy, which devastated parts of the U.S. Northeast with flooding and winds this week. The special will be broadcast on the networks of NBC Universal, and money collected from the program will be donated to the American Red Cross relief efforts, NBC said on its website. The benefit concert, titled "Hurricane Sandy: Coming Together," will be hosted by Today show anchor Matt Lauer, the TV network said. ... | Government to pay New Jersey emergency power costs: senators Nov 1st 2012, 15:18 WASHINGTON (Reuters) - The federal government will cover 100 percent of emergency power and public transportation costs through November 9 in eight New Jersey counties that were hit hard by Hurricane Sandy, according to the two U.S. senators representing the state. An aide to Senator Frank Lautenberg told Reuters that FEMA informed the senators of the decision. Lautenberg and Senator Robert Menendez said they are continuing to request that federal aid "covers as large of a share of the response costs as possible" in the wake of this week's hurricane that battered the East Coast. ... | Barges expected Thursday into NY harbor post Sandy: USCG Nov 1st 2012, 14:54 NEW YORK (Reuters) - Barges are expected to be allowed into New York Harbor on Thursday, following Hurricane Sandy, but larger tankers are unlikely to be allowed in yet, the U.S. Coast Guard said on Thursday. The USCG is currently working on a port condition update after the hurricane brought traffic to a halt outside the major oil importing hub, a spokesman said, which will shed more light on the port's operations. (Reporting By Edward McAllister; Editing by Alden Bentley) | Barges expected Thursday into NY harbor post Sandy: USCG Nov 1st 2012, 14:54 NEW YORK (Reuters) - Barges are expected to be allowed into New York Harbor on Thursday, following Hurricane Sandy, but larger tankers are unlikely to be allowed in yet, the U.S. Coast Guard said on Thursday. The USCG is currently working on a port condition update after the hurricane brought traffic to a halt outside the major oil importing hub, a spokesman said, which will shed more light on the port's operations. (Reporting By Edward McAllister; Editing by Alden Bentley) | NJ power firm PSEG says Sandy caused severe damage to operations Nov 1st 2012, 14:33 (Reuters) - Public Service Enterprise Group Inc, the biggest utility in New Jersey, said superstorm Sandy had caused severe damage to its infrastructure and it expected its losses to be material. PSEG, whose shared were down 2 percent in early trading, said the damage to its transmission and distribution systems had led to the worst outage in the company's history, with 1.5 million customers without power at the peak. The company, which has 2.2 million electricity and 1. ... | NJ power firm PSEG says Sandy caused severe damage to operations Nov 1st 2012, 14:33 (Reuters) - Public Service Enterprise Group Inc, the biggest utility in New Jersey, said superstorm Sandy had caused severe damage to its infrastructure and it expected its losses to be material. PSEG, whose shared were down 2 percent in early trading, said the damage to its transmission and distribution systems had led to the worst outage in the company's history, with 1.5 million customers without power at the peak. The company, which has 2.2 million electricity and 1. ... | Eqecat sees Sandy insured losses up to $20 billion in U.S. Nov 1st 2012, 14:18 (Reuters) - Disaster modeling company Eqecat now estimates that monster storm Sandy caused up to $20 billion in insured losses and $50 billion in economic losses in the United States, the company said on Thursday. The insured loss estimate is double what Eqecat forecast previously. The firm said subway and electrical outages will produce much more substantial losses than had been expected. ... | Eqecat sees Sandy insured losses up to $20 billion in U.S. Nov 1st 2012, 14:18 (Reuters) - Disaster modeling company Eqecat now estimates that monster storm Sandy caused up to $20 billion in insured losses and $50 billion in economic losses in the United States, the company said on Thursday. The insured loss estimate is double what Eqecat forecast previously. The firm said subway and electrical outages will produce much more substantial losses than had been expected. ... | Honda invests $200 million, adds 200 jobs at Ohio plants Nov 1st 2012, 13:21 (Reuters) - Honda Motor Co will add 200 jobs and spend $200 million to upgrade two of its automotive plants in Ohio, the company announced on Thursday. The new investment will be made at an engine plant in Anna and a transmission plant in Russells Point, Honda said on the company's 30th anniversary of production in Ohio. Honda has now invested $12.5 billion in U.S. auto manufacturing since building its first plant in Marysville, Ohio, near Columbus, the oldest foreign-owned auto plant in the United States. More than $1.2 billion of that total has been announced by Honda over the past two ... | NYC taxi firms run out of fuel Nov 1st 2012, 13:17 NEW YORK (Reuters) - New York taxi and car service companies started pulling vehicles off the road on Thursday as the fuel crunch deepened, with the vast majority of storm-hit service stations in the greater New York area now out of gasoline or without power. Power outages and fuel shortages have forced many gasoline stations to shut, and now threaten efforts in New York and New Jersey to get back to business after Hurricane Sandy. Many homes and businesses that have lost power are also reliant on gasoline and diesel run generators, including many of the Wall Street banks in lower Manhattan. ... | NYC taxi firms run out of fuel Nov 1st 2012, 13:17 NEW YORK (Reuters) - New York taxi and car service companies started pulling vehicles off the road on Thursday as the fuel crunch deepened, with the vast majority of storm-hit service stations in the greater New York area now out of gasoline or without power. Power outages and fuel shortages have forced many gasoline stations to shut, and now threaten efforts in New York and New Jersey to get back to business after Hurricane Sandy. Many homes and businesses that have lost power are also reliant on gasoline and diesel run generators, including many of the Wall Street banks in lower Manhattan. ... | Three days after Sandy, 659,000 ConEd customers in NY powerless Nov 1st 2012, 13:02 (Reuters) - New York power company Consolidated Edison Inc said Thursday it still had about 659,400 homes and businesses without power three days after monster storm Sandy slammed into the U.S. East Coast. Sandy hit the East Coast late Monday leaving more than 8.48 million customers without power in 21 states from North Carolina to Maine and as far west as Illinois. Con Edison said in a report it has restored power to more than 225,000 customers since Sandy's departure. The company said the storm was the worst natural disaster to strike its service area. ... | Slide in polls for California tax measure may have halted Nov 1st 2012, 13:00 SAN FRANCISCO (Reuters) - Results of a Field Poll survey released on Thursday suggest support for California Governor Jerry Brown's tax measure on next week's ballot has stabilized at 48 percent of likely voters after slipping from 51 percent in September. Field Poll director Mark DiCamillo said his firm conducted the survey last month over two weeks and found the level of support for the measure did not change over that period following its drop from September. ... | Sandy uproots Connecticut tree, 200-year-old human remains uncovered Nov 1st 2012, 12:26 (Reuters) - A Connecticut town got an unexpected history lesson after fierce winds from monster storm Sandy toppled a 103-year-old oak tree and exposed skeletal remains below it, officials said on Wednesday. The remains likely belonged to a victim of yellow fever or smallpox who might have been buried on the New Haven town green between 1799 and 1821, police spokesman David Hartman said. Headstones for those buried below the green were moved to a local cemetery in 1821, but the bodies of potentially thousands of residents were never relocated, he said. ... | |
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