EARTHQUAKE: THE LONG ROAD BACK : The Toll On Business : Wednesday’s Damage Estimates
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Here is a partial survey of the earthquake’s impact on Southland businesses as of late Wednesday:
LOSS ESTIMATES * Insured losses: Estimates approach $2 billion * Total damage: Estimated between $15 billion and $30 billion
BUSINESSES CLOSED OR DAMAGED
Gas stations (West Valley area): * Arco: 18 closed; Electronic Pay Point system now fully operational at stations that remain open * Mobil: 13 closed * Unocal: One closed due to concrete damage
Financial services: * Bank of America: 12 branches closed; 20 ATMs out of service * First Interstate: Five branches closed * Union Bank: Four branches closed * Wells Fargo: One branch closed
Brokerage houses: * Fidelity Investments and Dreyfus Mutual Funds: Some Southern California investment centers closed
Malls: * Canoga Park Promenade: Closed; scheduled to reopen by this weekend * Fallbrook Mall: Closed; scheduled to reopen by early next week * Glendale Galleria: Parking structure partially closed * Laurel Plaza: Closed * Media City Center: Closed; may reopen today * Northridge Fashion Center: Closed; major damage; Bullocks now condemned; two parking structures collapsed * Sherman Oaks Fashion Square: Closed; major damage * Sherman Oaks Galleria: Closed * Topanga Plaza: Closed; partial reopening in 1-2 weeks; some stores to remain closed 1-3 months * Valencia Town Center: Closed; may reopen today
Supermarkets: * Lucky: 10 stores closed * Vons: 16 stores closed
Manufacturing plants: * Hughes Aircraft: Canoga Park facility suffered water damage, fallen ceiling tiles, broken windows and toppled bookshelves; 1,500 employees idled * Lockheed: Military airplane plant in Burbank damaged by sprinklers; 1,000 employees idled * Rockwell International: Rocketdyne plant in Canoga Park sustained broken water pipes, broken tiles and glass; 6,000 employees idled
Sources: Wire reports, companies
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