Bill Drops to Category 3, Could Regain Strength by Tonight

CNN is reporting that Hurricane Bill weakened slightly to a Category 3 storm early Thursday as it churned over the Atlantic Ocean, with forecasters warning that it could regain strength.

As of 5 a.m. Thursday, Bill's center was about 325 miles north-northeast of the Leeward Islands and about 790 miles south-southeast of Bermuda, the National Hurricane Center told CNN.

According to the report, forecasters said Bill could regain Category 4 status later Thursday or early Friday. Bill is not expected to make a direct hit on the British overseas territory, but forecasters cautioned that the storm is large and will generate large swells on Bermuda as well as the islands of the northeast Caribbean Sea over the next day or two. 

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