Business

Business Global fuel prices jump as Harvey's impact ripples beyond US Gulf
Author: 0 Global fuel prices jump as Harvey's impact ripples beyond US Gulf

The U.S. economy expanded at its most robust pace in more than two years in the spring and appears to have momentum going into the second half of the year, supported by solid consumer spending and a pickup in business investment. It's reduced USA fuel-making capacity by about 4.25 million barrels a day to the lowest since 2010. As Harvey led to widespread flooding, Royal Dutch Shell Plc shut its Deer Park plant, while Magellan Midstream Partners LP suspended its inbound and outbound refined ...

Business Chase, US Bank Mortgage Interest Rates Friday Sep 1, 2017
Author: 0 Chase, US Bank Mortgage Interest Rates Friday Sep 1, 2017

And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.14 percent this week, down from last week when it averaged 3.17 percent. "Applications for home purchase loans decreased 2.7 percent for the week but remained 4.5 percent higher than the same week a year ago". ARM interest rates in the 5 year category have been quoted at 3.000% at with an April of 3.712%.

Business Harvey pushes gas prices up
Author: 0 Harvey pushes gas prices up

That storm's potentially heavy rains and strong winds could lead to a spike in prices at the retail and wholesale levels, according to AAA. Georgia prices jumped almost 12 cents overnight and are up about 29 cents for the week. As gas prices continue to be impacted by Harvey, Hurricane Irma is heading up the East Coast and is projected to hit SC late Monday. An oil refinery is seen before the arrival of Hurricane Harvey on August 25, 2017, in Corpus Christi, Texas.

Business Fewer carrying flood insurance despite risk
Author: 0 Fewer carrying flood insurance despite risk

That's despite the fact that scientists have been warning for years that unchecked development and climate change could cause severe flooding in Houston . Those in harm's way clearly need all the help they can get from the government. "What's going on is so unprecedented and so awful and frightful that Congress is probably going to be very generous in how they do disaster relief", Hunter says.

Business Flood insurance rates could spike as federal program drowns in debt
Author: 0 Flood insurance rates could spike as federal program drowns in debt

Ellis and others say the best hope now is that lawmakers will pass a three- or six-month extension of the National Flood Insurance Program , effectively kicking the debate down the road. FEMA paid out $3.5 billion per year over the past 12 years, which included Katrina. The country's Consumer and Markets Authority rejected the proposal back in 2013, however, arguing that consumers must have a choice of whether or not they insure against flooding.

Business Blank Rome issues guidance on Hurricane Harvey insurance recovery
Author: 0 Blank Rome issues guidance on Hurricane Harvey insurance recovery

The reform legislation championed by Rubio, Warren and Sen. Louisiana Insurance Commissioner Jim Donelon requested the latest extension last week, saying there are still thousands of flood victims dealing with their contractors and the challenges of making repairs in a very tight construction market.

Business Flood insurance: Harvey tests a broken system
Author: 0 Flood insurance: Harvey tests a broken system

Amanda Spartz almost did not renew her home's flood insurance policy after her first year in Florida. "Unfortunately, we don't have an LBJ". Fitch predicted that personal-lines insurers would probably see less substantial insured losses from homeowners' coverage than in past hurricanes because homeowners' policies don't usually cover flood damage.

Business Hurricane Harvey Tests Limits of Federal Flood Insurance Program
Author: 0 Hurricane Harvey Tests Limits of Federal Flood Insurance Program

A national poll by the Insurance Information Institute in 2016 showed only 12 percent of people in flood-prone coastal areas had flood insurance , down from 14 percent in 2015. "Congress must find a bipartisan solution that ensures the long term financial stability of the program, but it can not be done through onerous premium increases that would make housing unaffordable in our community", Ros-Lehtinen said in a statement.

Business Dell Foundation announces $36 million gift to seed new recovery fund
Author: 0 Dell Foundation announces $36 million gift to seed new recovery fund

Dell, a native of Houston that was among the hardest hit areas in the storm, said the gift was made because it will speed and support the essential recovery efforts. The matching campaign started on Friday and will continue through midnight on September 4. The Dells said the Rebuild Texas Fund has four core initiatives: health and housing, schools and child care, workforce and transportation, and capital for rebuilding small businesses.

Business Dell Foundation announces $36 million gift to seed new recovery fund
Author: 0 Dell Foundation announces $36 million gift to seed new recovery fund

Dell, a native of Houston that was among the hardest hit areas in the storm, said the gift was made because it will speed and support the essential recovery efforts. The matching campaign started on Friday and will continue through midnight on September 4. The Dells said the Rebuild Texas Fund has four core initiatives: health and housing, schools and child care, workforce and transportation, and capital for rebuilding small businesses.

Business Theresa May condemns North Korea missile launch in 'strongest terms possible'
Author: 0 Theresa May condemns North Korea missile launch in 'strongest terms possible'

Japanese Prime Shinzo Abe said he and visiting British Prime Minister Theresa May agreed to urge China, North Korea's lone major ally, to do more to rein in North Korea. O'Shaughnessy, commander of the U.S. Pacific Air Forces, referring to North Korea . North Korea's nuclear missile program has been progressing rapidly in recent years.

Business Why the finalized Verlander trade was a whirlwind
Author: 0 Why the finalized Verlander trade was a whirlwind

Then a deal was done, but as the baseball world waited for him to waive his no-trade clause, which he first did not do, led to a slew of tweets saying the deal was off. "My honest assessment of that transaction was that after he cleared waivers, my sense was that Houston was very aggressive to get him", Hoyer said in an interview with Matt Spiegel and Danny Parkins on 670 The Score.

Author: 0 Modi meets union ministers, top officials of UP, Bihar

The Union council of ministers now has 72 ministers-24 cabinet rank, 12 MoS (independent charge) and 36 MoS. With the Nitish Kumar-led JD (U) also likely to join the government, its leaders RCP Singh, who is also JD (U)'s parliamentary party leader in the Rajya Sabha, and Santosh Kumar are the likely picks from the new NDA ally.

Business Cost Of Hurricane Harvey Put At $190 Billion
Author: 0 Cost Of Hurricane Harvey Put At $190 Billion

FEMA officials say many of those needed units will be built by manufactured housing plant in Alabama. Harvey made landfall Friday night and has since broken the USA record for rainfall from a single storm, CNN senior meteorologist Dave Hennen said - with some areas of the state seeing nearly 52 inches of rain.

Business U.S. agrees to help people affected by Trump's first travel ban
Author: 0 U.S. agrees to help people affected by Trump's first travel ban

The case that halted President Trump's initial travel ban less than two days after he signed the executive order has been settled, and under the terms those blocked from entering the USA will get a chance to reapply for visas. when the executive order was signed. The Justice Department Friday settled a class action lawsuit filed by those unable to enter the US following President Donald Trump's initial travel ban.

Business Roku files for an IPO of up to $100 million
Author: 0 Roku files for an IPO of up to $100 million

Its high end product, Roku Ultra, can run about $130, although many streamers opt for its $30 Roku Express device. Some television makers have built Roku software directly into display screens. Roku has 5,000 streaming channels in the U.S. and more than 3,000 internationally. Year over year, Roku user accounts increased 42 percent. Roku said that marks a 62% growth from the same period previous year.

Author: 0 New York Giants Donate $1 Million to Hurricane Harvey Relief Effort

Walmart and the Walmart Foundation are expanding their efforts to help residents of Texas and Louisiana impacted by Hurricane Harvey by committing up to $20 million to support relief efforts. She said 37 volunteers from western North Carolina, including Vonnie DuRant from McDowell County, have deployed to assist at shelters in Texas, . The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission.

Business U.S. stocks rise after weak jobs report
Author: 0 U.S. stocks rise after weak jobs report

Following gains for three consecutive trading days, the S&P has cut its August loss to 1% and stands 1.4% below its record close hit earlier this month. Investors were also focused on economic indicators such as Wednesday's gross domestic product data. The data "reinforced the belief that the bull market is still intact", according to Robert W.

Author: 0 'All options' remain on the table on North Korea

The US must make it clear that it will deploy a decisively destructive nuclear option to strike North Korea - one capable of effectively destroying the country. However, the US -drafted statement, which was agreed by consensus, does not threaten new sanctions on North Korea . Russian Foreign Minister Sergey Lavrov has warned U.S.

Business Are creepy, killer clowns coming back? Police address concerns
Author: 0 Are creepy, killer clowns coming back? Police address concerns

This year will see the release of a new movie adaptation of the book starring " Allegiant " star Bill Skarsgard as Pennywise, with his performance widely praised by those few who have seen early screenings of the horror. "It's something that's different and at the same time it's something that audiences are going to relate to, and they're gonna like the characters, because to me it's all about character", King explained.

Business The Crow Reboot Just Took An Important Step Forward
Author: 0 The Crow Reboot Just Took An Important Step Forward

The team most recently attached to the project were Jason Momoa as the star and Corin Hardy as the director, though neither of them have been confirmed to sign on with the Sony version of the project. The film is a reboot of the supernatural-superhero franchise about a rock star named Eric Draven who comes back from the dead to avenge his murder.

Business ISM manufacturing index jumps to six-year high in August
Author: 0 ISM manufacturing index jumps to six-year high in August

Given little movement in new orders and a sharp rise in inventories, the spread between the two was cut in half. Prices remained unmoved in August, with the index staying at 62.0 as expected, while employment picked up to an index of 59.9 from the prior month's 55.2.

Business Mattis: Still Room for Diplomatic Solution with N. Korea
Author: 0 Mattis: Still Room for Diplomatic Solution with N. Korea

Some analysts criticized the divergence of the messages coming from Trump and his defense secretary. Trump also said, "It's time to give the American workers the pay raise that they have been looking for for many, many years". Mattis expressed confidence that divisiveness in the US was not a threat to the military's unity in the field. For the second day in a row, Trump discussed the matter by phone with Japanese Prime Minister Shinzo Abe.

Business Nutanix Inc. - NTNX - Stock Price Today
Author: 0 Nutanix Inc. - NTNX - Stock Price Today

WARNING: " Nutanix Inc . ( NTNX ) Receives "Buy" Rating from William Blair" was originally published by Week Herald and is the sole property of of Week Herald. Nutanix shares have dropped 17 percent since the beginning of the year. In related news, VP Kenneth W. Long III sold 30,000 shares of the business's stock in a transaction dated Wednesday, July 19th.

Business CORPORATE REPORT: Campbell Soup; Lululemon Athletica
Author: 0 CORPORATE REPORT: Campbell Soup; Lululemon Athletica

Among 6 analysts covering Ternium ( NYSE:TX ), 3 have Buy rating, 0 Sell and 3 Hold. The report indicates that Lululemon has been able to shake off the blues elsewhere in the athletic clothing industry. The shares were purchased at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the transaction, the director now directly owns 100,344 shares in the company, valued at $5,569,092.

Business Palo Alto Networks Inc (PANW) Earnings Beat, Outlook In-Line, CFO To Retire
Author: 0 Palo Alto Networks Inc (PANW) Earnings Beat, Outlook In-Line, CFO To Retire

On Tuesday, April 5 the stock rating was maintained by Goldman Sachs with "Buy". Headlines about Palo Alto Networks (NYSE: PANW ) have trended positive recently, according to Accern Sentiment Analysis. In related news, Director James J. Goetz sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, July 10th. Pictet And Cie (Europe) Sa accumulated 4,200 shares or 0.09% of the stock.

Business Todd Asset Management LLC Reduces Stake in Marathon Petroleum Corporation (MPC)
Author: 0 Todd Asset Management LLC Reduces Stake in Marathon Petroleum Corporation (MPC)

Traders who own the stock with a record date on Wed, Aug 16th will be given a dividend of $0.40 for a share. The rating was maintained by Morgan Stanley on Wednesday, July 26 with "Equal-Weight". The refining segment includes its refining activities and the associated marketing activities. Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.06, from 0.99 in 2016Q3.

Author: 0 A Deep Dive into Energy Transfer Partners LP (ETP) — Trading Focus

They are projecting Next Quarter growth of -20.7%. Invesco Senior Income Trust is a diversified, closed-end management investment company. The stock increased 0.58% or $0.91 during the last trading session, reaching $157.16. 102,225 were accumulated by Stephens Ar. Waters Parkerson Ltd Liability Corporation accumulated 2.39% or 281,914 shares. Cincinnati Insur accumulated 169,331 shares.

Business Gasoline jumps on Harvey disruption
Author: 0 Gasoline jumps on Harvey disruption

The impact on crude production is lower than the refinery impact, with about a million barrels per day offline, or about 11 percent of total USA output, according to Goldman Sachs. Tuesday also marked the third successive session of gasoline price spikes since Harvey emerged on the Gulf of Mexico horizon, initially as a category four storm on the Saffir-Simpson hurricane wind scale on 25 August.

Business Gas prices jump overnight in some Canadian markets, led by BC, Quebec
Author: 0 Gas prices jump overnight in some Canadian markets, led by BC, Quebec

Torontonians can expect to pay more than $1.30 for a litre of gasoline by Saturday prices continue to surge in the wake of Hurricane Harvey. "Gasoline in NB (but not diesel or heating oil) likely to jump as much as 9 cents tonight at midnight in special Harvey price setting", CBC's resident Gas Guru Robert Jones tweeted this morning.

Business Jobs Added in August
Author: 0 Jobs Added in August

Job growth in June and July was revised down by a combined 41,000, leaving an average monthly gain this year of a solid 176,000. All told, if current averages keep up, we're on track to see the USA economy add about 2.1 million jobs this calendar year, which isn't bad, but which would fall short of last year's totals.

Business Did demonetisation really attack black money?
Author: 0 Did demonetisation really attack black money?

Having come to power on the promises of cleaning up a corrupt system existing under the Congress rule, Modi , with one decision, was able to enhance his reputation and create an image of a crusader against corruption and champion of the poor who took on those with coffers filled with ill-gotten wealth.

Author: 0 Comprehensive Stock Analysis Of Devon Energy Corporation (DVN)

Blue Bell Private Wealth Management Llc owns 145,488 shares or 1.45% of their United States portfolio. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since August 31, 2016 and is downtrending. Market capitalization is the total value of any firm in the stock market. The company was maintained on Tuesday, June 27 by BMO Capital Markets. The original version of this news story can be read at ...

Business Risk Aversion Back in Focus as North Korea Fires another Missile
Author: 0 Risk Aversion Back in Focus as North Korea Fires another Missile

But investors still reckon that Draghi is concerned by the euro's strength. The dollar index was up 0.15 percent to 92.47.DXY as of 7:30 a.m. GMT. Germany's DAX and France's CAC are expected to begin the day 0.5 percent higher. The big event though is likely to be Friday's US nonfarm payrolls report for August which could determine the pace of rate hikes from the Federal Reserve this year.

Business False Reports of Gas Shortage Creates Mass Hysteria
Author: 0 False Reports of Gas Shortage Creates Mass Hysteria

Sitton says he understands the worry as people drive up to gas stations and see high prices, long lines and red bags covering gas pumps. However, if residents continue to rush and fuel up, the panic will continue and take even longer for gas to get to local stations.

Business Dow Chemical, DuPont complete merger to form DowDuPont
Author: 0 Dow Chemical, DuPont complete merger to form DowDuPont

DuPont, a component of the Dow Jones Industrial Average, has seen its stock climb 11.6% in the year-to-date, while Dow Chemical's stock has rallied 11.9%, boosted by the merger move which was first announced in December 2015. The deal took about 21 months to complete in part because of the complex regulatory review process it underwent. June 15, 2017 - Dow and DuPont announce that they have reached a proposed agreement with the Antitrust Division of the United States Department of Justice ...

Business Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide
Author: 0 Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide

Compounding matters is that the Houston Ship Channel, a prime artery for crude supplies, could be closed for an extended period of time. Citgo's 425,0000-bpd Lake Charles, Louisiana, refinery has reduced production because of crude oil shipping disruptions, Energy News Today reported on Monday.

Business Starbucks Pumpkin Spice Latte is Returning and Everyone Wants to Know When
Author: 0 Starbucks Pumpkin Spice Latte is Returning and Everyone Wants to Know When

If you're not a Cheerios fan but still want a pumpkin-spiced breakfast, Life cereal, Frosted Mini-Wheats and Quaker oatmeal all have limited edition pumpkin flavors. The variety from International Delight is only one option. For those looking for non-pumpkin fall flavors, the candy also now comes in pecan pie and " cookies & screeem" for Halloween.

Business Thursday forecast: rain likely to stick around, high 82
Author: 0 Thursday forecast: rain likely to stick around, high 82

Partly sunny, with a high near 86. Southeast wind around 6 miles per hour. Thursday night: Clear with a low around 63. Winds could gust as high as 25 miles per hour. Saturday night: Partly cloudy with a low around 68. Wednesday: Mostly sunny - high near 75. Low 61F. Winds S at 5 to 10 miles per hour. On Saturday , there is a 60 percent chance of thunderstorms for the Myrtle Beach area, mainly in the afternoon.

Business Harvey knocks out more refineries, shifting global oil flows
Author: 0 Harvey knocks out more refineries, shifting global oil flows

The premium for Chicago-area gasoline above benchmark futures is at its highest since June 2016, while the Gulf Coast price is at its widest above futures since August 2012. But damage delayed a restart of the gasoline unit at Marathon's 459,000-bpd Galveston Bay refinery, plant sources said. The situation remains fluid as some refinery centers in Louisiana experience storm-related issues, while some in Texas are starting to resume operations.

Business USA refining usage hit 12-yr high just before Harvey
Author: 0 USA refining usage hit 12-yr high just before Harvey

Gulf Coast caused by Hurricane Harvey . The U.S. refining industry enjoyed strong margins in recent weeks and the fallout from the hurricane is likely to extend the bullish run for weeks. Harvey has temporarily knocked out about 15% of USA refining capacity. But further supply disruptions have since provided support for crude. The Department of Energy will release hundreds of thousands of barrels of oil from the US strategic reserves to limit the impact Tropical Storm Harvey is ...

Business Shares in drug firm Indivior slump on USA court ruling
Author: 0 Shares in drug firm Indivior slump on USA court ruling

Drug addiction treatment developer Indivior PLC ( INDV .LN) Friday said a United States court found that treatments developed by Dr. Reddy's Laboratories Ltd RDY, +2.06% Watson Pharmaceuticals Inc and Endo International PLC's ENDP, +2.81% Par have not infringed Indivior's patents.

Business Volkswagen brands join rush to scrappage
Author: 0 Volkswagen brands join rush to scrappage

A number of other vehicle manufacturers have been offering software updates to help keep emission levels in check, while Toyota , BMW , Ford , Hyundai and Mercedes-Benz are among those with new auto discount schemes. Jim Holder, editorial director of Haymarket Automotive, told the BBC: "The auto industry is trying to get on the front foot after an extended period of negative headlines in the wake of dieselgate".

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.