Wal-Mart is in a bright spot, for now. But Wal-mart is concerned that high gas prices will cause customers to spend less.
05/18/2011 10:00 am
The 2011 Mississippi River flood, which has broken records in some places, is creating steady destruction in America's midsection. Hurricanes tend to cause more financial damage, and flash floods typically take more lives. But overflowing rivers deliver a long, slow economic punch. Arkansas farmers have lost an estimated $500 million in crops to this year's flood. Mississippi homes and catfish farms – a leading industry – are threatened. In Louisiana, the diversion of water through a spillway to spare Baton Rouge and New Orleans still puts hundreds of homes, businesses, and chemical plants and oil refineries at risk. Total damages could run into the billions. Here's a look at five of the most expensive river floods in the US, according to estimates from the National Weather Service and historical accounts (reported in 2011 dollars):
05/16/2011 04:35 pm
Mike Huckabee’s exit from the 2012 presidential race continues the inevitable winnowing process. Will others like Mitch Daniels or Jon Huntsman be tempted to jump in? Will social conservatives like Michele Bachmann benefit the most? And what about the tea party?
05/15/2011 11:32 am
In Pictures Space photos of the day: Mississippi flooding
Corn futures are expected to fall after the government's latest crop report. The corn futures market had expected supply to drop. Instead, it's expanding.
05/11/2011 11:31 pm
The economic toll of the Mississippi River flooding has yet to be calculated, as the crest pushes past Memphis towards New Orleans, but is expected to run in the billions.
05/11/2011 08:58 pm
Mississippi River floodwaters might pose more of a threat to the Delta region south of Memphis than they do to Memphis itself. In the Delta, the flood brings back memories of 1927.
05/09/2011 10:21 pm
Mississippi River at record level in Memphis, Tenn., where some areas are already underwater. It's expected to get higher, with floodwaters to linger for days. Evacuations are under way.
05/07/2011 07:09 pm
Evacuations and closed highways are a taste of what is in store for Memphis, Tenn., as the Mississippi rises. Farther south, Jackson, Miss., residents are already being asked to evacuate.
05/05/2011 08:12 pm
In broad areas of the Midwest, April rainfall was four times normal. Now floodwaters are flowing down the Mississippi, inundating farms and threatening to break records more than 70 years old.
05/04/2011 08:36 pm