Aug 31

NewsWatch: Hurricane Gustav eases, but expected to intensify

Tag: Markets, General @ 7:25 pm

Hurricane Gustav strengthens rapidly on Sunday as it passes over Cuba and entered the Gulf of Mexico, taking deadly aim at the U.S. Gulf Coast. Gustav went from a tropical storm overnight into Saturday to a violent Category 4 hurricane on the Saffir-Simpson scale, forcing residents from Florida to Louisiana to prepare to evacuate, and oil and gas companies and hotel-casinos in the region to shut down.

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