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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.

Business

Cummins unveils new fully-electric semi

That solution will stretch range to 300 miles between plugs and still cut emissions versus diesel-hybrid trucks by around 50 percent. According to commentators, with the fully operational prototype having a range of only 100 miles AEOS is a city-oriented cargo solution.

Business

Bird Group evinces interest in bidding for Air India

The Delhi-based Bird Group has evinced interest in the ground handling subsidiary of Air India, becoming the second aviation industry player to show its intent on the national carrier that is being disinvested. Finance Minister Arun Jaitley today indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.

Business

CeX suffers data breach affecting up to two million customers

Second-hand electronics dealer CeX is warning that it has suffered a data breach that has exposed the personal information of up to two million customers. "It is therefore critically important and overdue that enterprises have a strategy in place to enable security operations teams to quickly identify the vulnerability and its threat to their system, prioritise it against other threats and fix it fast, thus preventing a serious breach like this before it happens", he said.

Business

Oil prices gyrate as market grapples with United States hurricane damage

Analysts expect the API to report another drawdown in oil inventories last week. "The information on the extent of damage caused to the infrastructure, oil and gas remains limited at present", noted the analysts of Goldman Sachs, while pointing out that " the problems are more significant on the side of the refining that the side of the production ".

Business

Sabal Trust CO Purchases 30863 Shares of Cisco Systems, Inc. (CSCO)

Evanson Asset Management Llc acquired 12,925 shares as Cisco Sys Inc (CSCO)'s stock declined 7.50%. Euclidean Technologies Management Llc increased Hibbett Sports Inc (NASDAQ:HIBB) stake by 10,400 shares to 57,977 valued at $2.16M in 2016Q4.

Business

Donald Trump just mixed up two women journalists at a press conference

Today, AP employs the latest technology to collect and distribute content - we have daily uploads covering the latest and breaking news in the world of politics, sport and entertainment. 'And so I would consider many countries threats , but these are all threats that we'll be able to handle if we have to . "That's all I can say", Trump added.

Business

On Katrina anniversary, New Orleans braces for Harvey

A levee at Columbia Lakes in Brazoria County, south of Houston , was breached, with authorities tweeting: "Get out now!" That's a record for both Texas and the continental United States , but it does not quite pass the 52 inches (133 centimeters) from Tropical Cyclone Hiki in Kauai, Hawaii, in 1950 (before Hawaii became a state).

Business

DSAM Partners London Ltd Buys Shares of 32289 Rockwell Collins, Inc. (COL)

Kalmar Invs Inc De invested in 967,468 shares or 0.84% of the stock. The company have shares float of 161.97 million. Looking at the stock's movement on the chart, Rockwell Collins, Inc. Bernstein initiated coverage with a rating of "Outperform". Research Firm Zacks boosted Rockwell Collins from a "hold" recommendation to a "buy" recommendation and fixed a $121.00 price target for The corporation in a study report on early Wed, Jul 12th.

Business

Scotiabank and BMO report earnings above analyst estimates

The institutional investor held 209,116 shares of the technology company at the end of 2016Q4, valued at $34.38M, up from 123,179 at the end of the previous reported quarter. As a result, the bank increased its quarterly dividend by 7% percent to C$0.79. Several equities analysts have recently weighed in on the stock. COPYRIGHT VIOLATION WARNING: " Bank of Nova Scotia (The ) (BNS) Issues Earnings Results" was reported by StockNewsTimes and is the sole property of of StockNewsTimes.

Business

WD buys cloud storage firm Upthere

Finally, Alliancebernstein L.P. boosted its position in shares of Western Digital Corporation by 179.3% in the first quarter. Cleararc Capital Inc. raised its stake in Western Digital Corporation by 1.3% in the first quarter. On the cloud space, firstly, the company has entered into a definitive agreement under which Tegile, a provider of flash and persistent-memory storage solutions for enterprise data centre applications, will be acquired by Western Digital .

Business

Analysts Set Bank of Montreal (BMO) PT at $100.36

This represents a $3.60 annualized dividend and a yield of 4.00%. Bank Of Montreal reported sales of $4.32 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.1%. If you are viewing this report on another publication, it was illegally copied and republished in violation of USA and worldwide copyright & trademark law.

Business

Crude Oil Price Analysis for August 29, 2017

The expected U.S. crude build-up yesterday widened the WTI discount to Brent to $5.64 per barrel, its widest in more than two years. Crude prices slipped lower on Tuesday as the market grappled with the shutdown of 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

Business

Most Harvey Victims Lack Flood Insurance

That's complicated by the fact that the state's insurance law is set to change on Friday, making it more hard for home and business owners to sue insurance companies over a disputed claim. The U.S. government's National Flood Insurance Program has about $7.6 billion in available funds to pay Hurricane Harvey-related claims with analysts estimating damages of several times that amount.

Business

'Game of Thrones' Finale Director Explains Jon and Dany's Destiny

But what did you think of the consummation of Jon and Dany's relationship? Without a novel on which to base, it is now more hard to know with certainty what will happen, but one can still get an idea thanks to the season finale of the season 7.


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