Business


Hurricane Harvey does it for Opec, boosts oil price Hurricane Harvey does it for Opec, boosts oil price
- September 01, 2017

Brent's front-month finished up $0.11, or 0.2%, at $52 a barrel on London's Intercontinental Exchange. USA gasoline futures climbed to two-year highs on Monday after Hurricane Harvey forced widespread shutdowns of Texas oil refineries. (more...)
Bajaj Auto sales up 3 pc in August at 3,35031 units Bajaj Auto sales up 3 pc in August at 3,35031 units
- September 01, 2017

This was comparatively better than the company's performances in recent months. The month of August 2017 has been a mixed bag as far as two-wheeler sales is concerned. Exports rose 7 per cent while domestic sales recorded flat sales compared to August 2016. In the commercial vehicles segment, Bajaj Auto's sales increased 13% in the month of August 2017, over the same month past year. (more...)
Sallah: Oba Ewuare urges Muslims to pray for nation's unity Sallah: Oba Ewuare urges Muslims to pray for nation's unity
- September 01, 2017

In his Sallah message, he called on Nigerians to pray for the president so he can accomplish his mission of taking Nigeria out of the woods to greater heights. Former President Goodluck Ebele Jonathan has urged Nigerians and the world to work towards uniting humanity with the Eid-el-Kabir celebration. He stressed the need to show greater respect and love for one another. (more...)
Euro area unemployment reaches lowest rate since 2009 Euro area unemployment reaches lowest rate since 2009
- September 01, 2017

But the Bank will need to tread very cautiously given still low inflation expectations and the strength of the euro exchange rate, it added. The bank has also sought to keep market interest rates, which affect the costs of loans and mortgages, low by flooding the financial system with newly-created money. (more...)
Gasoline Gain and Oil Pain Spurred by Storm as US Plants Shut Gasoline Gain and Oil Pain Spurred by Storm as US Plants Shut
- September 01, 2017

Retail gas prices in the USA climbed another 4 cents Thursday, and 10 cents in the past week to a national average of $2.449 per gallon, according to AAA . Jefferies bank said it was lowering its fourth-quarter Brent oil price estimates to $55 a barrel from $60 and its 2018 forecast to $57 from $64. The Energy Department said it will "continue to provide assistance as deemed necessary", including more potential drawdowns from the emergency reserve. (more...)
Birmingham make record move for Brentford's Jota, sign Maxime Colin Birmingham make record move for Brentford's Jota, sign Maxime Colin
- September 01, 2017

Jota, meanwhile, is set for a medical at St Andrews ahead of his move to the Midlands. The 26-year-old became Redknapp's 11th senior signing of the summer and last night the veteran manager completed another deal for Maxime Colin, Jota's team-mate at Griffin Park. (more...)
Liberty Global Earns News Affect Recommendation of 0.18
- September 01, 2017

The stock rose 0.86% or $0.29 reaching $33.88. Shares of Liberty Global PLC ( LBTYA ) traded up 0.56% during trading on Thursday, hitting $34.00. It has underperformed by 20.60% the S&P500. The rating was maintained by Wells Fargo with "Market Perform" on Friday, May 26. It also reduced Ss&C Technologies Hldgs Inc (NASDAQ:SSNC) stake by 62,296 shares and now owns 33,323 shares. (more...)
Visa Responds to Hurricane Harvey in Texas Visa Responds to Hurricane Harvey in Texas
- September 01, 2017

The Red Cross in Texas has also asked people to volunteer . If you want to lend a helping hand to Hurricane Harvey disaster victims, The American Red Cross of Greater St. What it does best is provide immediate assistance - often in the form of blankets, hygiene kits, or temporary shelter - and as incredibly destructive as the natural disaster was, there wasn't half a billion dollars of tarps and hygiene kits to hand out. (more...)
Finland says no fighter deal with Boeing after Trump's comments Finland says no fighter deal with Boeing after Trump's comments
- September 01, 2017

Defense and military matters dominated yesterday's joint press conference with U.S. President Donald Trump and his Finnish guest and counterpart, Sauli Niinistö . In an emailed statement , the State Department said when it receives "a formal offer of assistance from a foreign government, we work with FEMA to determine the best way forward". (more...)
Could Activist Trio Trigger a Sale of Hewlett Packard Enterprise? Could Activist Trio Trigger a Sale of Hewlett Packard Enterprise?
- September 01, 2017

The total number of shares traded in the last 90-day period is 2.03 million. For the quarter, shares have been noted at -4.73%. Analysts set a 12-month price target of $19.35 a share. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright law. (more...)
European Shares Set To Rebound As North Korea Tensions Ease European Shares Set To Rebound As North Korea Tensions Ease
- September 01, 2017

The FTSE 100 index rose 0.4 per cent, the biggest advance in more than a week on a closing basis. Having seen stock markets in Asia and Europe drop sharply and the traditional haven trades rally in the aftermath of North Korea's provocative missile launch over Japan earlier this week, it wouldn't have been a surprise to see U.S. (more...)
Largest Oil Refinery in US Shutdown by Harvey Largest Oil Refinery in US Shutdown by Harvey
- September 01, 2017

That is partly because one-fourth of the oil refining capacity on the Gulf Coast has been taken offline, forecasts by the Oil Price Information Service said. The refinery interruptions have worsened as Harvey moved east on Wednesday, slamming into the Louisiana coast near the Texas border. Overall, the Gulf area is home to refineries and other operations that account for almost one-third of the nation's capacity to turn oil into gas, diesel and other products. (more...)
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
- September 01, 2017

Moreover, Philadelphia Trust Co has 0.08% invested in the company for 40,277 shares. State Treasurer State of MI now owns 68,200 shares of the oil and gas company's stock worth $1,377,000 after buying an additional 600 shares during the last quarter. (more...)
Private brands make Myntra's revenue numbers strong Private brands make Myntra's revenue numbers strong
- September 01, 2017

Denim and casual wear brand, Roadster , the largest brand on Myntra, has achieved a run rate of over ₹600 crore; while Mast & Harbour and HRX brands are at a run rate of around ₹160-170 crore each. Over the past year, Myntra has tried to curb costs and reduce discounting. With Flipkart having recently built a war chest of almost $4 billion, Myntra is expected to receive funding that will go towards strategic growth investments. (more...)
Harvey causing gasoline price increases in Pennsylvania Harvey causing gasoline price increases in Pennsylvania
- September 01, 2017

Several pipelines, namely the Colonial and Explorer pipelines, have shut down or are operating at reduced capacity, limiting supplies to the Great Lakes and U.S. Tropical Storm Harvey's impact on the energy industry spread worldwide as flooded USA refiners and closed fuel pipelines threatened to squeeze national supply, roiling global fuel markets and rerouting millions of barrels of fuel to the Americas to avert shortages. (more...)
RT Business: Hurricane damage shuts down major United States oil refineries RT Business: Hurricane damage shuts down major United States oil refineries
- September 01, 2017

It's now heading toward eastern Texas, home to Motiva Enterprises LLC's Port Arthur refinery, the nation's largest. Around 15 percent of the nation's refinery capacity has been knocked out. Because of this annual seasonal pattern, Texas refineries had to slow down both their rate of accepting crude oil and the scale of their gasoline output, Friedman noted . (more...)
Oil rises, gasoline jumps 10 percent as U.S. refineries reel Oil rises, gasoline jumps 10 percent as U.S. refineries reel
- September 01, 2017

Prices at the pump haven't budged much - yet. The nationwide average as of Wednesday morning was $2.40, up from $2.34 a week ago, according to AAA . And more refineries could close now that Harvey has made landfall in Louisiana, where refiners can produce 3.3 million barrels per day. Preparing for more rain and floods, Total cut production in half at its 225,500 bpd refinery, also in Port Arthur. (more...)
Yields rise on strong GDP, private jobs data Yields rise on strong GDP, private jobs data
- September 01, 2017

USA stocks edged higher, while crude oil prices slid and gasoline futures soared as a fallout of flooding and damage from Tropical Storm Harvey. The ADP National Employment Report showed US private-sector employers hired 237,000 workers in August for the biggest monthly increase in five months, also boosting the greenback and driving expectations for a solid US August non-farm payrolls figure. (more...)
Were Analysts Bearish Marathon Petroleum Corp (NYSE:MPC) This Week?
- September 01, 2017

KeyCorp (NYSE:KEY) has risen 43.10% since August 31, 2016 and is uptrending. It has outperformed by 23.71% the S&P500. The firm has fifty days moving average percentage of -6.83% to its latest price change. The rating was maintained by Credit Suisse on Thursday, July 13 with "Buy". The firm has "Strong-Buy" rating given on Tuesday, August 11 by Vetr. The company was maintained on Tuesday, January 12 by Investec. (more...)
Lululemon Athletica inc. (LULU) Shares Jump On Impressive Earnings, Outlook Lululemon Athletica inc. (LULU) Shares Jump On Impressive Earnings, Outlook
- September 01, 2017

The SI to Lululemon Athletica Incorporated's float is 6.41%. Trading volume was up 90.09% over the stocks average daily volume. Stifel Nicolaus set a $60.00 price target on shares of lululemon athletica inc . The results are a bright spot following disappointing quarterly reports from sporting-goods companies like Finish Line Inc . The stock has "Hold" rating by Deutsche Bank on Thursday, June 9. (more...)
Will US Gasoline Demand Impact Gasoline and Crude Oil Futures?
- September 01, 2017

Some 2.2 million barrels per day of refining capacity has been shut down because of the storm that belted the southern Texas coast on into Houston over the weekend. Restarting plants under even the best conditions can take a week or more. Restarts after a storm are especially risky for refiners, though far less rain fell in Corpus Christi than in Houston. (more...)
Oil prices likely to get a boost from stock draws, demand growth Oil prices likely to get a boost from stock draws, demand growth
- September 01, 2017

The contracts for brent crude rose nearly 2.7% to $52.23 a barrel. Analysts at Goldman Sachs and Stifel said they expected USA infrastructure outages to last several months but said it was hard to estimate the exact damage. USA crude and product stocks, typically watched closely by oil investors because they reflect market balancing, were largely ignored this week. "With U.S. (more...)
Storm surge: AAA already seeing pump prices spike from Harvey Storm surge: AAA already seeing pump prices spike from Harvey
- September 01, 2017

In a letter to Trump on Wednesday, Markey said USA gasoline futures prices had surged by 8 percent since Harvey's landfall, rising to a level last reached in July 2015. "The others in a worst-case scenario could take weeks and months to fix", said Antoine Halff, director of Global Oil Markets at the Center on Global Energy Policy at Columbia University. (more...)
H&R Block's (HRB) "Market Perform" Rating Reiterated at BMO Capital Markets
- September 01, 2017

Wedbush upgraded the stock to "Outperform" rating in Tuesday, August 4 report. Oppenheimer & reported 0.05% in H & R Block Inc ( NYSE : HRB ). They now have a United States dollars 25 price target on the stock. 188.71 million shares or 3.88% less from 196.32 million shares in 2016Q3 were reported. Voya Invest Mngmt Llc stated it has 0.02% of its portfolio in H & R Block Inc ( NYSE : HRB ). (more...)
The OMERS ADMINISTRATION Corp Takes Position in Citrix Systems, Inc. (CTXS)
- September 01, 2017

It has outperformed by 9.72% the S&P500.The move comes after 5 months positive chart setup for the $11.51 billion company. It dropped, as 64 investors sold SO shares while 341 reduced holdings. During the same period a year ago, the business posted $1.20 earnings per share. Credit Suisse Ag reported 0.04% in TransDigm Group Incorporated (NYSE:TDG). (more...)
Air Canada to fly three Dreamliner 787s to Australia daily Air Canada to fly three Dreamliner 787s to Australia daily
- September 01, 2017

Air Canada have announced direct flights between Melbourne and Vancouver, with the first service to commence June 3, 2018. Starting in the summer of 2018, Air Canada will add direct flights from YVR to both Paris and Zurich. "We could see many of our travellers were excited to visit Vancouver for the northern winter season and it's great to now facilitate travel well beyond the ski season". (more...)
Analysts Anticipate Cabot Corporation (CBT) Will Announce Quarterly Sales of $686.46 Million
- September 01, 2017

The stock of Cabot Oil & Gas Corporation (NYSE: COG ) earned "Buy" rating by BMO Capital Markets on Friday, July 28. The stock of Exelixis, Inc. Moreover, Piermont Management Inc has 0.53% invested in Cabot Corp (NYSE:CBT). Since May 5, 2017, it had 0 insider buys, and 1 insider sale for $90,136 activity. 12,500 Knight Transportation (NYSE:KNX) shares with value of $400,005 were sold by JACKSON DAVID A . (more...)
Featured Stock Overview: Francesca's Holdings Corporation (FRAN)
- September 01, 2017

The stock has "Underperform" rating by Robert W. Baird on Wednesday, November 16. Clearbridge Llc increased Mylan N V (MYL) stake by 55.79% reported in 2016Q4 SEC filing. The original version of this news story can be accessed at https://www.truebluetribune.com/2017/08/30/francescas-holdings-corporation-fran-shares-sold-by-texas-permanent-school-fund.html. (more...)
Union Pacific Corporation (UNP) Stake Reduced by Wimmer Associates 1 LLC Union Pacific Corporation (UNP) Stake Reduced by Wimmer Associates 1 LLC
- September 01, 2017

The dividend payment will be $0.605 per share for the quarter which comes to $2.42 on an annualized basis. About 4 shares traded. Jpmorgan Chase & has invested 0.27% in Union Pacific Corporation (NYSE: UNP ). Moreover, Alliancebernstein LP has 0.29% invested in Union Pacific Corporation (NYSE:UNP). Tokio Marine Asset Ltd holds 15,617 shares. Altavista Wealth Management owns 22,421 shares for 1.26% of their portfolio. (more...)
Today's Brokerage Rating: Snap Inc. (SNAP), Atwood Oceanics, Inc. (ATW) Today's Brokerage Rating: Snap Inc. (SNAP), Atwood Oceanics, Inc. (ATW)
- September 01, 2017

It has underperformed by 0.92% the S&P500. About shares traded. Atwood Oceanics , Inc. The Robotti Robert holds 1.18 million shares with $15.51 million value, down from 1.28 million last quarter. The firm has "Buy" rating given on Monday, June 26 by Jefferies. Volume on the day was 8.9 million shares. Iberiabank Corp (NASDAQ:IBKC) was reduced too. (more...)