Hurricanes
MCI, a leading global communications provider, has been recognized by the Federal Aviation Administration (FAA) for its efforts in restoring network services following Hurricane Katrina. The FAA honored MCI for outstanding service in restoring its Leased Interfacility National Air Space Communications System (LINCS) and its FAA Telecommunications Satellite System (FAATSAT)
Hurricanes
Movie Gallery, Inc. recently announced a total donation in excess of $575,000 to the American Red Cross in support of disaster assistance and humanitarian relief efforts in the Gulf States impacted by hurricanes Katrina and Rita. The company's pledge, which was made on September 1, 2005, was
Hurricanes
Following the devastation caused by Hurricanes Katrina and Rita, Southern Wine & Spirits of America, Inc. has collected and donated $372,000 to the American Red Cross Disaster Relief Fund. The company, operating in 19 states with over 10,000 employees, issued a challenge to its staff to contribute to
Hurricanes
U.S. Sens. Olympia J. Snowe and David Vitter, chair and member, respectively, of the United States Senate Committee on Small Business and Entrepreneurship, have urged the Small Business Administration (SBA) and the Federal Emergency Management Agency (FEMA) to extend the application deadline for disaster assistance in the areas devastated
Hurricanes
Pfizer has announced a partnership with several major retailers, community pharmacies, and relief organizations to provide essential medications and healthcare products to victims of Hurricane Katrina. The partnership allows patients displaced by the hurricane to fill their prescription for Pfizer medicines at participating pharmacies, providing them with much-needed access to
Hurricanes
Developing modern, high-speed passenger rail systems outside the Northeast is crucial for mitigating urban transportation crises, as the failures of New Orleans and Houston have shown. Existing myths that rail cannot compete with cars and airplanes are wrong, and proponents argue that high-speed services like Amtrak's Acela work
Hurricanes
Delta Air Lines' SkyMiles members have come together to donate over 46 million miles, equivalent to nearly 2,000 award seats, to support relief efforts in the Gulf Coast region affected by Hurricanes Katrina and Rita. The airline kicked off its charitable hurricane relief campaign by donating one million
Hurricanes
Hurricane Rita is forecast to collide with the Texas coastline, threatening to exacerbate an already strained claims-adjusting system in the wake of Hurricane Katrina. Insurers are bracing for the impact, with thousands of adjusters deployed across the Gulf Coast region, while catastrophe modelers warn of up to $740 billion in
Hurricanes
As Hurricane Rita threatens the Gulf Coast, thousands of evacuees from Hurricane Katrina are once again on the move, this time from Texas to Arkansas, Tennessee, and Nebraska. The National Hurricane Center forecasts Rita to reach Category 4 by tomorrow afternoon, prompting storm preparations along the coast. In New Orleans,
Hurricanes
The devastating impact of hurricanes Katrina and Ivan has left the oil and gas industry reeling, with both the platforms and pipelines suffering extensive damage. While older, antiquated platforms were destroyed, newer structures showed remarkable resilience, sparing the bulk of the offshore production facilities. However, the damage to pipelines, which
Hurricanes
The devastating impact of Hurricane Katrina has left a trail of destruction and economic uncertainty in its wake, as players in the leveraged loan and high yield bond markets assess the potential long- and short-term damage to the markets. While Moody's Investors Service expects few downgrades in the
Hurricanes
Hurricane Katrina's massive destruction and displacement are pushing the federal budget to a breaking point, threatening President Bush's plans to cut taxes and reduce the deficit. According to administration officials, relief efforts are costing approximately $700 million a day, with the total federal cost potentially reaching
