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Markets to reopen tomorrow...Sandy damage estimates...Newspaper circulation flat....

Tuesday - 10/30/2012, 3:20pm  ET

NEW YORK (AP) -- The New York Stock Exchange will reopen for regular trading Wednesday after being shut down for two days because of Hurricane Sandy. Markets around the world have rebounded today in largely subdued trading.

WASHINGTON (AP) -- One forecast estimates that superstorm Sandy will end up causing about $20 billion in damage and $10 billion to $30 billion more in lost business. That's according to forecasting firm IHS Global Insight. But longer-term, economists expect the punch from the storm will be countered by the impact of rebuilding and renovation.

NEW YORK (AP) -- Sandy grounded more than 15,000 flights across the world. Flight-tracking service FlightAware says more than 6,000 flights were canceled today alone.

NEW YORK (AP) -- Consolidated Edison says power will be restored everywhere in Manhattan and Brooklyn within four days. It warns it could be at least a week for other boroughs and Westchester County because power is delivered to those areas largely using overhead lines.

NEW YORK (AP) -- An industry group says U.S. newspaper circulation was little changed in the six months ending in September. The Wall Street Journal kept its position as the No. 1 newspaper with average circulation growing more than 9 percent to 2.3 million.


Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.