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Article posted: 11/29/2012 4:28 PM

Sandy delivers heavy blow to US economy

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In this Oct. 30 file photo, a parking lot full of yellow cabs is flooded as a result of Superstorm Sandy in Hoboken, N.J. Sandy damaged or destroyed several homes and businesses, more than 72,000 in New Jersey alone, according to Gov. Chris Christie.

ASSOCIATED PRESS

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Superstorm Sandy packed a bigger economic punch than most people had thought. In its sweep through the Northeast, the storm halted sales at major retailers at the start of the crucial holiday shopping season, closed factories and slowed home sales in one of the most densely populated areas of the country.
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