Business

Business Gasoline jumps, crude down; Harvey shuts 24% of U.S. refining
Author: 0 Gasoline jumps, crude down; Harvey shuts 24% of U.S. refining

The Magellan pipeline company has announced it's shutting down its crude oil and refined product pipeline in Houston , which means remaining refineries there might be shutting down as well. Restarting those plants even under the best conditions can take a week or more. CNN Money article entitled, " Tropical Storm Harvey is wrecking havoc on America's vital energy facilities", explains: "Gasoline futures, which reflect wholesale prices charged to gas stations, are now at their highest ...

Business Sallah: Catholic Media Practitioners Felicitate With Muslims
Author: 0 Sallah: Catholic Media Practitioners Felicitate With Muslims

A national leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has called on Nigerians to submit to the will of the almighty and pray for the administration of President Muhammadu Buhari. The Catholic Media Practitioners Association of Nigeria (CAMPAN) has made a decision to the Nigerian Muslims to celebrate this year's Eid el-Kabir on Friday, according to the National President, Patrick Osu.

Business Companies Continue To Help With Hurricane Relief
Author: 0 Companies Continue To Help With Hurricane Relief

Executive Director Stacy Burks says, "This is just the beginning, and that the effects of Hurricane Harvey will be felt for a long time". While small-scale disasters are handled with volunteers handing out blankets and compassion, some believe the Red Cross bungles larger disaster relief efforts.

Author: 0 Quarterly Financial Watch for AK Steel Holding Corporation (NYSE:AKS)

Its up 1.45% from 6.44M shares previously. It has outperformed by 0.45% the S&P500. (NASDAQ:ATHX). The New York-based Amer Interest Group has invested 0% in Athersys, Inc. AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel).

Business China nonmanufacturing PMI falls a second month
Author: 0 China nonmanufacturing PMI falls a second month

After taking a hit due to the implementation of GST in July, the manufacturing sector in India bounced back in the month of August resuming growth in new orders, production, and employment , as per a survey on Friday morning. Solid foreign demand helped lift new order growth, encouraging companies to expand production schedules and purchasing activities, Caixin said in a statement with data compiler IHS Markit.

Business Pizza Hut workers deliver free food by kayak to Harvey victims
Author: 0 Pizza Hut workers deliver free food by kayak to Harvey victims

People riding out Hurricane Harvey's destruction in a flooded Texas neighborhood received an unexpected treat of hot pizzas delivered by kayak . Braving at times chest-high waters, Habib and her crew were able to load delivery pouches stuffed with pizzas into kayaks and deliver them to needy families.

Author: 0 Rockwell Collins likely to get bought by United Technologies

Massachusetts Commerce Ma holds 0.02% or 507,286 shares in its portfolio. Shareholders of record on Monday, August 14th will be issued a $0.33 dividend. Btim reported 0.46% in Rockwell Collins, Inc . The stock of Home Depot Inc (NYSE:HD) has "Outperform" rating given on Wednesday, November 16 by RBC Capital Markets.

Business How high gas prices rise depends on state of refineries
Author: 0 How high gas prices rise depends on state of refineries

Short-sellers boosted bets on declining West Texas Intermediate prices by the most since June in the week ended August 22 as futures chopped around $47 a barrel without a clear direction. So why hasn't Harvey led to higher oil prices like it has with gasoline prices? A total of 105 of the 737 offshore oil rigs in the Gulf of Mexico were evacuated before the storm made landfall on Friday, according to the US Bureau of Safety and Environmental Enforcement (BSEE).

Author: 0 Oil mixed in Asia after Harvey slams into US

Harvey was forecast to come ashore in western Louisiana near the Texas border on Wednesday. Harvey made landfall in South Texas last Friday, leading to coastal flooding and swamping of much of Houston. The total shut-in is about 24 percent of USA refining capacity - nearly equal to Japan's daily consumption. Prices in the region have risen as supply falls due to refinery closures.

Business Oil rises, gasoline jumps 10 percent as US refineries reel
Author: 0 Oil rises, gasoline jumps 10 percent as US refineries reel

The shutdowns led the US government to tap its strategic oil reserves for the first time in five years on Thursday, releasing 500,000 barrels of crude to a working refinery in Louisiana. On Wednesday, Valero said that due to flooding they were fully shutting their Port Arthur refinery. Driven by shale, the USA pumped 9.2 million barrels of oil per day in May.

Business Wells Fargo boosts estimate of fake accounts to 3.5M
Author: 0 Wells Fargo boosts estimate of fake accounts to 3.5M

Shares for $383.92M were sold by BERKSHIRE HATHAWAY INC on Monday, April 10. Amp Cap Invsts reported 1.20M shares. Viasat Inc now has $3.66 billion valuation. Stacy Cowley is a New York Times writer. Rothschild Asset Mngmt Inc reported 637,927 shares. 210,594 are held by Earnest Ptnrs Limited Liability Corporation.

Business President Trump taps emergency U.S. oil reserve after Harvey
Author: 0 President Trump taps emergency U.S. oil reserve after Harvey

U.S. West Texas Intermediate ( WTI ) crude futures were set to close the month down 7 percent, their steepest monthly loss since July 2016. "We expect WTI to remain relatively weak relative to Brent in order to support exports of USA crude given domestic refinery disruptions, be it linked to flood damage or the upcoming refinery maintenance season, and the release of 14 mb (million barrels) of Strategic Petroleum Reserve crude in October/November", said Alderson.

Author: 0 UK's Theresa May doubles down on plan to run for 2022 elections

But May's message during her Japanese visit was defiant: "What I am clear that I want to do is, yes, get on with the job of Brexit, but it's not just about Brexit". The Lib Dem leader, Vince Cable, said it was "staggering" that the government hoped to base a new trade deal on the European Union version. With a nod to her trade discussions in Japan, Mrs May said:"But it's also about building global Britain, trading around the world".

Author: 0 During Harvey, sign-ups spike to volunteer at American Red Cross

Most of the volunteers will work in shelters around Texas. "What's happening is that the American public is extraordinarily generous and we're so thankful for this", said Catherine Rabenstine, the regional spokesperson for the American Red Cross of Northern Illinois.

Business The BT Group PLC (BT) Lowered to
Author: 0 The BT Group PLC (BT) Lowered to "Hold" at Zacks Investment Research

It has a 44.29 P/E ratio. It manages its business in four divisions: Wet Shave, Sun and Skin Care, Feminine Care and All Other. Among 13 analysts covering Dominion Midstream ( NYSE:D ), 6 have Buy rating, 1 Sell and 6 Hold. Brandywine Inv Mngmt invested 0.04% of its portfolio in Arrow Global Group PLC (LON:ARW). D E Shaw And Com holds 0% or 26,749 shares. Rampart Invest Management Communication Ltd Liability holds 15,606 shares.

Business Cooper issues state of emergency due to gas pipeline shutdown
Author: 0 Cooper issues state of emergency due to gas pipeline shutdown

The pipeline transports more than 3 million barrels of diesel, gasoline and jet fuel each day from Houston to New York Harbor, making it the main provider for major cities like New York, Atlanta and Washington, D.C. Of the 26 refineries that connect to the Colonial system, 13 are located between Houston and Lake Charles, areas drastically affected by rainfall. The company does not have a projected restart time.

Author: 0 Harvey floods United States refineries, roils global fuel markets

Fuel prices were expected to keep rising as refining capacity remains down and pipelines run short. Hurricane Harvey is the strongest hurricane to hit Texas in over 50 years. "Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency of nations like Mexico and other Latin American countries on the U.S.", Michael Tran, director of global energy strategy at RBC Capital Markets, told Reuters .

Business Oil prices dip on refinery shutdown
Author: 0 Oil prices dip on refinery shutdown

Harvey's disruption of the petroleum industry has driven gasoline futures prices up 16 percent over the past week and prices at the pump are rising too, particularly in the South. Bears are battering WTI as crude oil remain landlocked in the United States as Houston port has remained closed. "The flooding from Hurricane Harvey shut the largest refinery in the USA, pushing gasoline prices to a two-year high".

Business Simple Moving Average Analysis of Kinder Morgan, Inc. (KMI)
Author: 0 Simple Moving Average Analysis of Kinder Morgan, Inc. (KMI)

The latest exchange of 0.89 Million shares is below its average trading activity of 1.32 Million shares. About 2.33 million shares traded. The original version of this report can be read at https://www.truebluetribune.com/2017/08/31/pacer-advisors-inc-purchases-3516-shares-of-kinder-morgan-inc-kmi.html.

Business Star Wattage Helps Harvey Recovery
Author: 0 Star Wattage Helps Harvey Recovery

Olivia Myers came to Pewaukee High School Tuesday for her daughter's freshman orientation, and they stopped by the donation drive as it kicked off. He and the rest of the Texans went to Dallas after their exhibition game in New Orleans on Saturday and will remain there until conditions improve.

Business Houston Texans football player raises millions for flood relief
Author: 0 Houston Texans football player raises millions for flood relief

Watt has now increased the target to $1.5 million. ESPN reports the Houston Texans were unable to get back to Houston after Saturday night's game in New Orleans. Watt had set up the fund with an initial goal to raise $200,000 for relief efforts. This is I promise you that I will make this money go a long way.

Business GDP growth hits three-year low of 5.7% in April-June
Author: 0 GDP growth hits three-year low of 5.7% in April-June

Please Wait while comments are loading. Going ahead, says Indranil Pan, group economist at IDFC Bank, "growth will be driven by GST (goods and services tax) and the pace of cleaning banks' balance sheets to improve the credit culture in the economy".

Business Harvey hits gas pump prices in Midwest
Author: 0 Harvey hits gas pump prices in Midwest

Of the total oil production, crude oil output stood 3.1 per cent lower at 186.68 million barrels in the first seven months, while the production of condensates slipped by 10.1 per cent to 18.64 million barrels. US crude oil prices were on track for their steepest monthly losses in more than a year. US commercial crude oil inventories decreased by 5.4 million barrels from the previous week.

Business American Red Cross training volunteers in Waco
Author: 0 American Red Cross training volunteers in Waco

The Red Cross of western MA said stories from 22News have helped draw both donations and volunteers . "To figure out if they are legitimate or not, you can ask them for their determination letter, which is the letter from the government that says they are a real non-profit", Leidinger said.

Business Qantas is ditching Dubai for flights to London
Author: 0 Qantas is ditching Dubai for flights to London

The Australian airline added that the moves will also deliver financial benefits to both airlines, with Qantas' annualised net benefit estimated at more than A$80 million (Dh231m) from 2019 onwards. "When Qantas did the deal with Emirates its global fortunes were not attractive.they weren't negotiating from a strong position", said Neil Hansford, who runs consultancy Strategic Aviation Solutions.

Business Mumbai faces more rain after record downpour
Author: 0 Mumbai faces more rain after record downpour

Though the intensity of the rain reduced on Wednesday, many low lying areas such as Hind Mata, Dadar, Lower Parel remained flooded as the water could not recede due to choked storm water drains. Its official account also warned people of a high tide which was expected to hit the city in the late afternoon. Traffic snarls have been reported from Andheri, Wakola, Film City junction, Santacruz and Worli Sea Link.

Business Mumbai limps back to normalcy after deluge
Author: 0 Mumbai limps back to normalcy after deluge

Schools and colleges have been asked to remain shut by authorities amid indications of a fresh spell of heavy showers in the megapolis. "Further enhancement in the rain activity is expected for the next 48-72 hours", said K.S. After seeing such terrible conditions in Mumbai , the Prime Minister, Mr Narendra Modi tweeted and said that he has spoken to the Chief Minister, Devendra Fadnavis and assured all possible support whenever necessary.

Business Apple Joins Group In $18.2 Billion Offer For Toshiba Chip Unit
Author: 0 Apple Joins Group In $18.2 Billion Offer For Toshiba Chip Unit

In addition to Western Digital , the consortium includes US private equity firm KKR & Co and the state-backed Innovation Network of Japan and Development Bank of Japan. The Western Digital consortium is offering about 2 trillion yen, less than the original Bain bid, a person familiar with the matter has said. The bid trumps the 1.9 trillion yen offered by the Western Digital-led consortium, which also includes US private equity firm KKR & Co LP.

Business Note ban was not an exercise to confiscate money: Jaitley
Author: 0 Note ban was not an exercise to confiscate money: Jaitley

The shock move to demonetise Rs 500 and Rs 1,000 note last November wiped out almost 87 per cent of the currency that was in circulation in India then. Reacting to the charge demonetisation had failed as nearly 99% of scrapped Rs 1,000 and Rs 500 notes were deposited, Jaitley said the measure was being confused with confiscation of currency.

Business Gasoline Hits 2-Year High as Harvey Shuts Biggest US Refinery
Author: 0 Gasoline Hits 2-Year High as Harvey Shuts Biggest US Refinery

Hurricane Harvey has put several major refineries offline along the Gulf Coast, and that is expected to show up in the EIA data, as it covers the week ended Friday. He knows the hurricane-impacted Texas coast is home to almost one-third of the nation's refinery capacity, and with the closure of eight or more refineries, production of gasoline and diesel has slowed.

Business Consumer Confidence Improved in August, Reaching 16-Year High
Author: 0 Consumer Confidence Improved in August, Reaching 16-Year High

Economists polled by MarketWatch had expected the index to rise to 122.5 in August from the initial July estimate of 121.1, which was cut to 120. The index in March had hit 124.9, its highest level since December 2000. Now the consumer optimism is over strength of the current economy and the expectations of policy changes have lost some of their steam. The data should maintain near-term confidence in the retail spending outlook, although markets are liable to focus more on the inflation ...

Author: 0 Which insiders are buying Big 5 Sporting Goods Corporation (BGFV)?

The value of the investment in ( DKS ) went from $32,000 to $24,000,000 a change of $23,968,000 since the last quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer's stock worth $414,382,000 after buying an additional 8,230,087 shares during the last quarter.

Business Oil prices climb as unsafe hurricane approaches Texas
Author: 0 Oil prices climb as unsafe hurricane approaches Texas

Oil prices have remained steady after rising in the previous sessions following another decline in the U.S. crude stocks. 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 Greylin Investment Mangement Inc. Lowers Position in Wal-Mart Stores, Inc. (WMT)
Author: 0 Greylin Investment Mangement Inc. Lowers Position in Wal-Mart Stores, Inc. (WMT)

It is down 97.28% since August 30, 2016 and is uptrending. It has underperformed by 30.84% the S&P500. Greylin Investment Mangement Inc. reduced its stake in shares of Wal-Mart Stores, Inc. Equities analysts anticipate that Wal-Mart Stores, Inc. will post $4.37 earnings per share for the current year. Therefore 49% are positive. Finally, Wells Fargo & Co reissued a "hold" rating on shares of Wal-Mart Stores in a report on Thursday, August 17th.

Business Chico's FAS, Inc. (NYSE:CHS) Dips Under Moving Averages
Author: 0 Chico's FAS, Inc. (NYSE:CHS) Dips Under Moving Averages

The stock declined 2.10% or $0.17 reaching $7.94 on the news. The average true range is a moving average, generally 14 days, of the true ranges. Chico's FAS, Inc . 226,680 were accumulated by Private Advisor Grp Incorporated Ltd Company. Lvm Capital Mgmt Ltd Mi stated it has 3.64% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Business Shimla gangrape case: CBI arrests 8 policemen for custodial death of accused
Author: 0 Shimla gangrape case: CBI arrests 8 policemen for custodial death of accused

The gang rape accused was arrested along with five others for allegedly raping and killing a 16-year-old girl in Kotkhai area of Himachal Pradesh's Shimla. Injury marks on her body also indicated that she had been choked to death. The Police stated that the Suraj has killed by the Rajinder Singh by smashing his head on the floor.

Author: 0 The Chevron Corporation (CVX) PT Set at $130.00 by Jefferies Group LLC

The total amount of shares outstanding is 1.88 billion, giving the company a market capitalization of about 203.60 billion. Peddock Cap Advisors invested 4.21% in Chevron Corporation (NYSE:CVX). About 146,542 shares traded or 130.41% up from the average. Utah Retirement invested in 1.02% or 344,497 shares. United Bank VA raised its stake in shares of Chevron Corporation by 9.4% in the second quarter.

Business Stores are hiking up prices for flood victims in Houston
Author: 0 Stores are hiking up prices for flood victims in Houston

The AG's office has now received about 600 complaints in total, a spokesperson told Jalopnik . Lovvorn added that they office has seen complaints from "hotels, grocers, fuel providers and (most frequently) fresh water". In another case, Lovvorn said, involved a business allegedly selling cases of bottled water for $99. "This was a big mistake on the part of a few exployees at one store".

Business Traders rush to ship oil from Louisiana as Harvey looms
Author: 0 Traders rush to ship oil from Louisiana as Harvey looms

USA gasoline futures jumped 4 percent to settle at 1.7833, the highest in more than two years. "However, assuming that outages at most US Gulf Coast refineries do not last longer than the next week or so, we could imagine that a major but brief reduction in runs could translate into an additional 100,000 to 150,000 bpd of intake (in the US and elsewhere) over the subsequent three months as lost inventory volumes are made up for".

Business NTPC OFS for retail investors open today
Author: 0 NTPC OFS for retail investors open today

On the second day of the bidding for OFS today, 30 August 2017, as at 14:35 IST , bids were received for 4.32 crore shares from the retail investors, representing a subscription of 37.30%. The company is the most preferred power company and rationalisation of movement of coal to reduce electricity costs, and rationalisation of coal grades based on gross calorific value for correct tariff fixation would give further lead to transformational changes in power sector, it reasoned.

Business U.S. dollar declines after Yellen speech
Author: 0 U.S. dollar declines after Yellen speech

In his speech at a symposium of central bankers at Jackson Hole, Draghi held back from talking down the currency, sending the euro to a 2-1/2-year high against the dollar. U.S. stocks rose on Friday (Aug 25), with petroleum-linked shares lifted by energy outages related to Hurricane Harvey as Federal Reserve Chair Janet Yellen steered clear of monetary policy during her much anticipated address.

Business Flash Floods Hit Beaumont and Port Arthur, Texas, as Harvey Makes Landfall
Author: 0 Flash Floods Hit Beaumont and Port Arthur, Texas, as Harvey Makes Landfall

The city has organized dump trucks to drive through neighborhoods, instructing anyone who needs help to be on the lookout for them - and to use a white sheet or towel to signal a need for rescue. Officials announced early Wednesday morning that they would be evacuating that shelter and moving everyone somewhere else. The storm returned to land about 5 miles (8 kilometers) west of Cameron with maximum sustained winds of 45 mph (72 kph).

Business Domino's Partners Ford to Test Driverless Delivery Vehicles
Author: 0 Domino's Partners Ford to Test Driverless Delivery Vehicles

BidaskClub lowered shares of Domino's Pizza from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 13th. 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 Legal challenge won't delay state aid for Air Berlin: ministry
Author: 0 Legal challenge won't delay state aid for Air Berlin: ministry

Potential buyers of Air Berlin have until 15 September to submit their offers, the carrier has confirmed. Ryanair chief executive Michael O' Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German "stitch-up" created to benefit Lufthansa.