Friday, August 26, 2011

East Coast prepares for Irene...

After lashing the low-lying Bahamas yesterday, Hurricane Irene was due to hit North Carolina today before heading to Virginia, Washington, New York and beyond at the weekend. Irene slightly weakened to Category 2 today from Cat. 3, but still had winds of up to 110 mph. Insurance and airline stocks took a hit on Thursday on fears of major damage and mass flight cancellations respectively.

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