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Not 'Typhoon-Like' But 298 mm Rain Since Morning Stalls Mumbai

A monsoon low tracking over northwestern India will bring several days of heavy rainfall and potential flooding to western and northwestern India as well as southern Pakistan. "Urge people of Mumbai and surrounding areas to stay safe and take all essential precautions in the wake of heavy rain". Mumbai Police spokeswoman Rashmi Karandikar said seven other people were missing in Mumbai .

Business

Gasoline Prices Up After Harvey Wrecks Texas Refineries

In addition to shutting oil refineries, about 1.4 million bpd of United States crude production has been disrupted, equivalent to 15 percent of total output, Goldman Sachs said. Wednesday brought news that the nation's biggest refinery, which was already running below half-speed, had begun a complete shutdown. On Wednesday, Calgary-based Encana (TSX:ECA) reported it has restarted production and drilling at its Eagle Ford oil fields in southern Texas.

Business

Cong seeks PM's apology on noteban; 'Shame on RBI':Chidambaram

While the counterfeit currency made up for a minuscule number, RBI post-demonetisation spent Rs 7,965 crore on printing new Rs 500 and Rs 2,000 and other denomination notes, more than double the Rs 3,421 crore spent in the previous year. However, government showcased it as one of the bold decision and BJP president Amit Shah had claimed, "In next 50 days not a penny of black money will remain in our banking system".

Business

Equity Research Analyst's Stock Ratings: Chevron Corporation (CVX), Johnson & Johnson (JNJ)

Americafirst Capital Management LLC acquired a new stake in Chevron Corporation during the first quarter worth about $140,000. Hedge funds and other institutional investors own 62.84% of the company's stock. The firm earned "Neutral" rating on Monday, August 24 by Bank of America. As per Wednesday, March 9, the company rating was upgraded by Wolfe Research.

Business

Objective of demonetisation was not confiscation of money, says Arun Jaitley

Talking about return of 99 percent of junked currency into banking system, Jaitley had said that money has now been identified with its owner. "The real object of demonetisation was formalisation, attack on black money , less cash currency, bigger tax base, digitisation, a blow to terrorism", Jaitley said.

Business

Hurricane Harvey highlights biggest impact of shale-oil revolution

The effects of Hurricane Harvey are expected to be felt more than 1,200 miles away in Wisconsin. The national average has increased 6.0 cents per gallon during the last month and stands 14.4 cents per gallon higher than this day one year ago.

Business

Consumer Confidence Strengthened in August

In all, consumers' assessment of the labor market was more positive. " Consumer confidence increased in August following a moderate improvement in July ", said Lynn Franco, director of economic indicators at The Conference Board, in a statement.

Business

Ryanair says Germany is aviation 'banana republic'

Michael O'Leary said, "The German Bundeskartellamt and the European Commission must block the anti-consumer stitch-up playing out between the German Government, Lufthansa and Air Berlin". In that respect, a takeover by one investor would be better, union leader Christine Behle said on Tuesday, although she added it was more likely that Air Berlin would be carved up.

Business

Dick's Sporting Goods (DKS) Receiving Somewhat Positive News Coverage, Accern Reports

Federated Invsts Inc Pa holds 0% of its portfolio in Big 5 Sporting Goods Corporation (NASDAQ:BGFV) for 60,842 shares. The Bollinger Band theory is created to depict the volatility of a stock. Energy Transfer Partners, L.P. (NYSE:ETP) ended its day at $18.56 with the rising stream of 0.76% and its total traded volume was 3.43 million shares less than the average volume.

Business

Oil slips almost 3 percent as United States refineries shut ahead of Harvey

Benchmark Brent crude was worth $52.22, up $0.35, per barrel in late afternoon trading on Wednesday. US crude closed down roughly 2% Thursday on fears that rain and flooding could disrupt refinery operations in parts of Texas, halting crude intake.

Business

Brokerages Anticipate Wal-Mart Stores, Inc

Wal-Mart Stores, Inc. has a 52-week low of $65.28 and a 52-week high of $81.99. Rent-A-Center Inc (NASDAQ:RCII) has declined 10.49% since August 30, 2016 and is downtrending. The market experts are predicting a 412.82% rally, based on the high target price ($2) for Alliqua BioMedical, Inc. shares that is likely to be hit in the 52 weeks.

Business

Chico's FAS, Inc. (CHS) Trades at 52-Week Low

Sold All: 26 Reduced: 96 Increased: 65 New Position: 31. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. BNP Paribas Arbitrage SA increased its position in Chico's FAS, Inc . It has underperformed by 15.62% the S&P500. The analysts offering 12 month price targets for Chico's FAS, Inc .

Business

Himachal Pradesh Top Cop Arrested For Custody Death Of Rape Suspect

The custodial death took place on July 20 after the main accused in the gang-rape and murder, Rajinder Singh, is said to have smashed in the head of Suraj, a Nepalese labourer and accomplice, blaming him for spilling the beans about the crime and implicating him.

Business

Reports of greed and price gouging flood Texas Attorney General's office

Lovvorn added that they office has seen complaints from "hotels, grocers, fuel providers and (most frequently) fresh water". The Texas attorney general says he has received "hundreds" of reports about price gouging in the aftermath of Hurricane Harvey, which has inundated much of southeastern Texas with deadly floodwater this week and displaced thousands of residents.

Business

Oil market shrugs off United States inventory decline amid Harvey

API also reported gasoline supplies rose by 480,000 barrels and distillate inventories fell by 490,000 barrels. Latest estimates from the US Energy Information Administration ( EIA ) suggest gasoline stocks are now at 230 million barrels, representing about 22 days of supply, with Texas and Louisiana coastlines - now feeling the impact of Harvey - being major refining hubs.

Business

NTPC rebounds after yesterday's fall; OFS opens for retail investors

The government is selling over 412.2 million shares or 5 per cent stake in the state-run power producer with an option to retain over-subscription of similar amount, which could raise the money raised through NTPC stake sale to almost Rs14,000 crore.

Business

Yellen defends post-crisis financial regulations

EUR/USD was steady at a fresh two-and-a-half year high of 1.1931 after European Central Bank President Mario Draghi at Jackson Hole avoided giving any new indication as to when the bank might wind down its stimulus program , but acknowledged that the recovery in the euro area is gaining momentum.

Business

Harvey makes second landfall as Port Arthur situation "dire"

The outside of the Motiva oil refinery in Port Arthur, TX is seen here. We've done over 500 water rescues since this operation began. "As you know the Port Arthur and Beaumont area are experiencing catastrophic flooding", said Katy Kiser, public relations manager for Irving-based CHRISTUS Heath, which operates CHRISTUS Southeast Texas St.

Business

Domino's Pizza, Inc. (NYSE:DPZ) Ducks Under The Trend Line

Alum. Corp China had 3 analyst reports since August 31, 2015 according to SRatingsIntel. In a statement issued on 08/30/2017 Liberum Capital hold steady the target price of Domino's Pizza Group PLC (LON:DOM) from 250.00GBX to 250.00GBX indicating a possible downside of -0.07%.

Business

Hurricane Harvey forces residents near chemical plant to evacuate over explosion risk

The plant was heavily flooded and has been without electricity since Sunday, Arkema confirmed. Later in the day, the Harris County Fire Marshals evacuated residents within 1.5 miles of the plant as a " precautionary measure ". The newspaper noted that a 2016 analysis by the Chronicle and the Texas A&M Mary Kay O'Connor Process Safety Center identified the Arkema site in Crosby as one of most at-risk chemical facilities in the Houston area for a safety incident.

Business

Woman poured urine on bus driver in Washington

News4 is withholding her name until she is formally charged. She said she needed to relieve herself. In addition, hundreds of Metrobuses have been equipped with protective shields that are meant to help protect bus operators from assaults.

Business

Gas prices could spike amidst Hurricane Harvey devastation

Flooding is expected to continue for several more days. Prices are likely to rise even more in the Gulf Coast. One week ago, according to AAA, the average price of gasoline in Kansas City, Kansas, was $2.18 a gallon for regular. While most people who travel for Labor Day do so by auto, the airline industry is also seeing an impact from the storm. The nation is heading into the busy Labor Day weekend, which marks the end of the summer driving season.

Business

Cancer-killing drug approved, but will you be able to afford it?

In its announcement , Novartis said it plans to make additional filings for Kymriah in the US and EU this year, including applications with the FDA and European Medicines Agency for the treatment of adult patients with r/r diffuse large B-cell lymphoma.

Business

Coast Guard pulls people from rooftops in Harvey aftermath

Aircraft from other National Guard and active duty military units have also deployed to Texas, including three HH-60G Pave Hawk combat search-and-rescue helicopters from the U.S. The Coast Guard has stationed rescue boats and planes at several locations around parts of Southeast Texas affected by Harvey. More than 2,200 water rescues were conducted in Houston alone, KTRK-TV reported on Monday.

Business

Acadia Realty Trust Stock as Institutional Investors Enter

It has outperformed by 7.20% the S&P500. Education Realty Trust Incorporated (NYSE: EDR ) had a decrease of 1.05% in short interest. Its down 1.05% from 9.10 million shares previously. Taking a look at the performance of DLR, it is found that the weekly performance for this stock is valued at -0.22% and the performance for the month at 1.76%.

Business

Comcast Corporation (CMCSA) Position Raised by Clifford Swan Investment Counsel LLC

Comcast Corp New Cl A now has $190.37 billion valuation. The stock decreased 0.45% or $0.18 during the last trading session, reaching $40.16. The stock volatility for week was 6.49% while for month was 4.82%.The stock, as of last close, traded 64.58% to its 52 week low and was changed -12.21% from its 52 week high.

Business

Comcast (CMCSA) Holder Bp Wealth Management LLC Lowered Position

On average, equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current year. Therefore 88% are positive. Ny State Common Retirement Fund invested in 6.92 million shares. Thompson Siegel & Walmsley invested in 1,948 shares. Clifford Swan Investment Counsel LLC's holdings in Comcast Corporation were worth $601,000 as of its most recent filing with the SEC.

Business

US GDP Growth Revised Up to 3%

This compares with a 1.2% gain in the first quarter of the year. Gross domestic product, a broad measure of the goods and services produced across the USA, rose at a seasonally and inflation-adjusted annual rate of 3% in the second quarter, the Commerce Department said Wednesday.

Business

Nintendo Announces Pokemon Ultra and Fire Emblem Bundles

But will another 5 million Switch consoles be enough to satisfy consumer demand this holiday season? The Switch hit shelves worldwide in March. At retail stores, fans can select from eight Nintendo Switch bundles starting at $389.99. "This is part of the appletOE IPC interface, and it's 100% Nintendo code". If those financial problems continue to persist, Switch supply might become further delayed and scant.

Business

The AK Steel Holding Corporation (AKS) Sees Significant Growth in Short Interest

It has outperformed by 28.84% the S&P500. EPS is the portion of a company's profit allocated to each exceptional share of common accretion. BNP Paribas Arbitrage, SA now holds 2,060 shares with a value of $62,304,000. 240.79 million shares or 41.78% more from 169.84 million shares in 2016Q3 were reported. 3G Capital Partners Lp, a New York-based fund reported 1.50 million shares.#img1#.

Business

Best Buy Sorry for Price Gouging Water During Hurricane Harvey

The Grit Post noted that ever since Harvey made landfall, the Texas Attorney General has received hundreds of consumer complaints, a lot of them concerned about price gouging. They added that they had received 550 complaints through an emergency address set up for consumers, many of which concern price gouging since the hurricane hit.

Business

United Kingdom risks delays at ports if it fails to strike customs deal

While the number in itself might not seem particularly significant, the figure would translate in a sharp increase in the number of annual customs declarations, which would increase nearly five-fold from 55 million to 255 million. "It is also necessary for the United Kingdom government to make sure that HMRC has installed all the necessary computer and other systems to handle trade with the European Union as a foreign customs authority".

Business

Storm could be 'new ground' for Louisiana parish

Tropical Storm Harvey's continuous torrential downpour has led to injuries and damage both in Texas and now in many areas of Louisiana. And now, he's President Donald Trump's FEMA administrator as Hurricane Harvey devastates Texas.

Business

Magellan Midstream Partners, LP (NYSE:MMP) Ducks Under The Trend Line

It has underperformed by 22.59% the S&P500. Thomaspartners Inc increased Microsoft Corp (NASDAQ:MSFT) stake by 176,562 shares to 3.94 million valued at $244.69M in 2016Q4. Renaissance Technology Limited Liability reported 0.03% in Callidus Software Inc. Stifel Nicolaus upgraded Antero Midstream Partners from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a research report on Tuesday, August 15th.

Business

Military response to Hurricane Harvey could reach Katrina proportions

The National Weather Service said some areas of East Texas could be slammed with an " unprecedented " 50 inches of rain by week's end as the storm lingers in the region, reports USA TODAY . There have also been about 300 animal rescues. Meanwhile, neighboring Louisiana is bracing for the rains from what is now Tropical Storm Harvey. "There are now 400 soldiers and airmen in state active duty in the state of Louisiana", Witham said.


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