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The damage wrought by Hurricane Irma has sparked a fresh wave of giving from corporate America.The extent of the destruction in Florida and the Caribbean isn't yet known, and Irma is still making its way toward Georgia as a tropical storm. It could be one of the costliest natural disasters in U.S. history.Corporate donations raised in the immediate aftermath of Hurricane Harvey, which struck two weeks ago, totaled about 0 million.A fundraising effort called Hand in Hand, backed by Verizon, Apple and other major companies, is hosting a televised fundraiser on Tuesday at 8 p.m. ET. Beyoncé and Oprah Winfrey are among the celebrities who have signed on.Here is a running list of all the ways companies have promised to help, both for Harvey and Irma relief.Apple: Donated million to the Red Cross in addition to pledging million for the Hand in Hand effort.Ashley Furniture: Promised to contribute products and subsidize furniture purchases up to million for hurricane victims in Texas and Florida.AT&T: Donating .4 million to relief efforts in the Caribbean and U.S. states hurt by Harvey and Irma. The company previously announced it would contribute at least 0,000 to help communities after Harvey.Bank of America: Donating more than .5 million to victims of the two storms, including 4,000 donated by bank employees, which the company matched.Citi: In the wake of Irma, the Citi Foundation committed a million donation to the Red Cross, bringing its total hurricane relief contributions to million.Dick's Sporting Goods: The company and its foundation have pledged a combined .5 million to hurricane relief. That includes .5 million worth of clothing and footwear and million "to rebuild and refurbish youth sports programs and facilities" in affected areas.Discover: Pledging million to American Red Cross. The company is also matching up to million in donations to the American Red Cross by its card members.Disney: Pledging .5 million in humanitarian aid for Florida, the Caribbean and other places hit by Irma. Says it raised almost million for Harvey relief.Goldman Sachs: Committed to giving 0,000 to organizations involved in the "immediate search, clean-up and recovery efforts" after Harvey struck the Gulf Coast. After Irma, the company promised 0,000 more.Home Depot: Pledged million for Harvey and Irma relief.Humana: Says its Humana Foundation will donate million to the Red Cross for Irma relief.IBM: Has pledged million. It says million will go toward Harvey relief and million toward helping Irma victims.JPMorgan Chase: Says it will donate million to support Irma relief in the U.S. and the Caribbean. Funding goes to the Red Cross, International Medical Corps and local nonprofits. Also donated million to Harvey relief.Lowe's: Committed to million for Irma relief in cash and "product donations," after donating another million for Harvey relief.Panda Express: Committed to raising million in stores and donating million.PayPal: A sponsor of Hand in Hand, PayPal is donating 0,000 to Save the Children and 0,000 more to the Red Cross for Irma relief. It's also launching a campaign to raise money from donors. A similar campaign for Harvey relief raised more than million from 81,000 donors.Qualcomm: Says it gave million to the Center for Disaster Philanthropy. Qualcomm gave million more to various disaster relief organizations after Harvey struck Texas.Target: Pledged up to million to Irma relief organizations, including the Red Cross, Habitat for Humanity, the Salvation Army, UNICEF and Save the Children. This is in addition to a .5 million donation for Harvey relief.UnitedHealthcare: Announced a donation of million for Irma relief, and also a 2-to-1 match for employee donations. It previously promised .3 million in "cash and medicines" after Harvey.Verizon: After announcing a million commitment after Harvey, Verizon said it would donate .5 million to Hand in Hand.Walmart: Has committed to donating up to million to hurricane relief.Wells Fargo: Pledged .1 million to Irma relief efforts in Florida and the Caribbean, nearly half to the Red Cross. The company said its customers have donated, via ATMs, nearly .7 million to the Red Cross for Harvey relief. 4337

The drop in gun sales has lead to deep job cuts at Sturm RugerOn Wednesday, the company reported a 21% sales decline for 2017. Thursday it disclosed that it has cut 700 jobs, or more than a quarter of its staff, over the last 13 months. That leaves it with 1,750 workers."When we reduced production in 2017, we had to make some difficult decisions," said CEO Chris Killoy, on a call with analysts Thursday. Many of the jobs were eliminated through attrition. The company also had 320 temporary employees a year ago who have since left the company. In January, the company needed to further reduce staff, prompting it to lay off an additional 60 workers.Gun sales have been sharply lower across the industry since President Donald Trump was elected. Fears that Hillary Clinton would win the presidency and seek tougher gun control laws drove record sales through 2016, and encouraged retailers to stock up on inventory. With the election of Trump and Republicans in control of both houses of Congress, those fears greatly abated.Killoy said that 2017 FBI background checks, which correspond roughly to purchases, fell 11%. Retailers also cut back on purchases to reduce inventory."2017 was a challenging year for the firearm industry," Killoy. But he said as a result of the job cuts, "we're better positioned to compete in 2018."There has been more talk about gun control in the week since the shooting of 17 students and staff at a Florida high school, led by many of the students and families from that school.President Trump and some Republicans, including Senator Marco Rubio of Florida, have voiced new support for some gun control measures. But it's too soon to say whether those efforts will affect gun sales.Killoy did not mention the gun control debate during his conference call, although he did express sympathy for victims of the Florida shooting."Like all Americans, we struggle with the shock and sadness of these terrible events," he said.Sturm Ruger is not the only company to report a drop in sales. Overall the industry has reported a sales decline of more than 0 million in 2017.Gun maker Remington has warned it plans to file for bankruptcy protection soon. Killoy was asked about whether Sturm Ruger would be interested in buying Remington, given that it has a strong balance sheet. Ruger's cash on hand fell by nearly million during the year, but it still has .5 million and no debt. He wouldn't rule out a deal for Remington, but wouldn't comment on it directly."We're watching that closely," he said the coming bankruptcy case. "We wish them well going through that process. With million cash on hand, it may provide some opportunities down the road." 2727

The Federal Aviation Administration has issued a safety alert about flying with dry ice onboard, in anticipation of the huge nationwide distribution project anticipated to start in the next few days once the Pfizer COVID-19 vaccine is approved for use.The Pfizer and Moderna vaccines both need to be kept at extremely cold temperatures, requiring the use of dry ice during transit.Dry ice is frozen carbon dioxide that is pressed into blocks or pellets. It doesn’t melt into a liquid, it moves directly from a solid to a gas and that process can happen quickly at high altitudes.That can cause problems onboard a plane, such as causing the plane to weigh less at times during the flight and change its center of gravity.“CO2 sensors installed or carried in the aircraft or worn by the pilots and other crewmembers will assist the operator and crew in recognizing hazardous concentrations of CO2 and implementing effective risk controls,” the FAA’s safety alert recommends.In addition, they encourage maximum ventilation onboard while on the ground and in the air, asking crewmembers to check air conditioning units and auxiliary power units before flight.Exposure to elevated levels of CO2 can cause drowsiness or dizziness, and higher levels can impact breathing eventually leading to hypoxia and death.The FAA also recommends that “pilot training on specific conditions and procedures can improve pilot decision-making in the event of a CO2 detector alert or other system abnormalities.”Friday morning, Health and Human Services Director Alex Azar said Americans could begin getting the COVID-19 vaccine next week once the FDA and CDC give it emergency use approval. 1676

The crude oil crash just got worse.US oil prices plummeted nearly 7% on Tuesday to .43 a barrel. That marks the cheapest closing price since late October 2017.The latest deep selloff coincided with more mayhem on Wall Street. The Dow shed more than 600 points on Tuesday as fears about slowing earnings and economic growth deepen."In times of crises, all assets correlate," said Matt Smith, director of commodity research at ClipperData. "Crude has gotten caught up in the flight from equities."In the span of just seven weeks, crude has gone from spiking to nosediving into a bear market. Fears of a new supply glut and weakening demand have wiped out 30% of its value since hitting a four-year high of a barrel in early October.Crude has sold off by about 7% twice in the past week. The November 13 decline of 7.1% was the worst in three years.Beyond the stock market tumble, energy analysts saw few new reasons for the energy plunge."Oil traders are overwhelmed by bearish news," said Clay Seigle, managing director of oil at Genscape. "The broad selloff in equities has traders concerned about the possibility of an economic slowdown, which could reduce demand for oil products."One new development may have also helped weigh on oil prices. President Donald Trump signaled on Tuesday he won't punish Saudi Crown Prince Mohammed bin Salman for the death of Washington Post journalist Jamal Khashoggi."It could very well be that the Crown Prince had knowledge of this tragic event -- maybe he did and maybe he didn't!" Trump said in a statement. Energy traders may be interpreting the White House comments on US-Saudi ties as a sign that the kingdom won't aggressively cut oil production to support the market. Trump has repeatedly urged Saudi Arabia and OPEC not to do anything that will lift prices."If we broke with them I think your oil prices would go through the roof," Trump told reporters at the White House Tuesday.He also said he was "not going to destroy the economy of our country" over the murder of Saudi journalist and Washington Post contributor Jamal Khashoggi.OPEC is scheduled to meet next month in Vienna to weigh a potential output shift."You've got to think OPEC will be looking to make a sizable cut to try to reign in supplies and find a floor for prices here," said ClipperData's Smith.Not long ago, OPEC was under pressure to ramp up output in a bid to avoid 0 oil. Traders feared a supply shortage caused by the Trump administration's sanctions on Iran, the world's fifth biggest oil producer.However, the Trump administration took a softer approach on Iran than it initially signaled. Temporary waivers were granted to China, India and other buyers.By that point, Saudi Arabia, Russia and the United States had already ramped up output, leaving the market with a potential glut. US production has been especially strong, driven by the shale boom in the Permian Basin of West Texas. US output alone is expected to spike by 2.1 million barrels per day in 2018.At the same time, the global growth worries spooking Wall Street threatens to eat into demand. The International Energy Agency warned last week of "relatively weak" demand for oil in Europe and advanced Asian countries as well as a "slowdown" in India, Brazil and Argentina."The outlook for the global economy has deteriorated," the IEA wrote.The-CNN-Wire 3361

The Democratic National Committee chairman assured supporters Thursday that a scaled-down convention would go on as scheduled in August in Milwaukee, Wisconsin."From the very beginning of this pandemic, Democrats have put the health and safety of the American people first. Unlike Trump, we followed the science, listened to doctors and public health experts, and worked through plans to protect lives," DNC Chairman Tom Perez said in a series of tweets. "That's how we made the decision to hold a responsible convention that will bring our country together, ensure our delegates can take care of official business without risk to public health, and still shine a spotlight on our host community of Milwaukee."In June, DNC leaders announced plans to transform the convention amid the pandemic, moving it from the Fiserv Forum, a 17,000-seat arena, to Wisconsin Center, a convention center. The DNC also advised state delegates to not travel to Milwaukee.Presumptive Democratic nominee Joe Biden still plans to accept the nomination in Milwaukee. The DNC is slated to begin Aug. 17. 1089