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Stock impact report

A simple earthquake flaw can invite financial catastrophe. Most California homeowners ignore it [Los Angeles Times (CA)]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
A simple earthquake flaw can invite financial catastrophe. Most California homeowners ignore it When the region's most powerful earthquake in years struck Northern California on an early Sunday morning in 2014, it jolted two homes standing side by side on a residential block in Napa. The homes were in dramatically different condition when the shaking stopped. The blue house had been seismically retrofitted years before the magnitude 6 temblor and emerged largely intact. The yellow house didn't have that protection and was battered, the foundation torn up and the porch columns grotesquely distorted. The owner faced hundreds of thousands of dollars in repair bills and could not rent it out for 2 ½ years. Retrofitting single-family homes is considered one of the cheapest seismic improvements available, a foundation bolting process that usually costs an average of $7,000 and can be done within several days without the residents moving out. But state officials, concerned that more homeowne Show less Read more
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