Business


Sensex Slumps Over 46 Points to 31845, Nifty Above 9900 Sensex Slumps Over 46 Points to 31845, Nifty Above 9900
- September 04, 2017

Sensex was down by over 59 points or 0.18% at 31,834.64 while the wider Nifty was down by 6 points or 0.06% at 9,968.45. The 30-scrip Sensitive Index (Sensex) of the BSE , which opened at 31,932.20 points, traded at 31,658.18 points - down 234.05 points or 0.73 per cent from its previous close at 31,892.23 points. (more...)
U.S. conducts missile defense test off Hawaii coast U.S. conducts missile defense test off Hawaii coast
- September 04, 2017

The drills were a clear warning after North Korea launched a midrange ballistic missile created to carry nuclear bombs over Japan earlier this week, South Korea's military said. "To an extent it's as much a political as an operational development that's important to South Korean self-confidence". The top Democrat on the House Intelligence Committee Representative Adam Schiff also questioned Trump's decision to admonish South Korea when the nation appears to be facing a growing threat. (more...)
North Korean ambassador summoned by the UK North Korean ambassador summoned by the UK
- September 04, 2017

A USA ban on travel by Americans to North Korea comes into effect on Friday, a step announced after the death of a US student shortly after his release from a 15-year prison sentence in the country, where three other Americans are still detained. (more...)
Hurricane Harvey blows gas prices way up Hurricane Harvey blows gas prices way up
- September 04, 2017

According to AAA East Central, this week's national average price is the highest this year. But a network of gas refineries in the Chicago area have the capacity to maintain supplies in the Coulee Region, said Patrick DeHaan, a senior petroleum analyst for price tracker GasBuddy.com in Chicago. (more...)
Blame Harvey for rising gas prices in Minnesota Blame Harvey for rising gas prices in Minnesota
- September 04, 2017

Gas prices are now $2.38 for unleaded regular in Tampa Bay, $2.41 in Florida, and $2.45 nationally. "It seems like when things happens in the world, boom, instantly that's where they shoot, right to the pumps", said Joel Mather. "There are a lot of refineries there". It's among several southern states that are heavily reliant on the Colonial Pipeline for deliveries of gasoline. (more...)
Labor Day gas prices tick up, but they could be worse Labor Day gas prices tick up, but they could be worse
- September 04, 2017

Ogden- $2.59/g, up 2.1 cents per gallon from last week's $2.57/g. National auto group AAA expects to see the price at the pump statewide rise a minimum of 5 to 15 cents, reaching the highest seasonal prices since 2014. Among those states, the highest 24-hour rise on average was in South Carolina, AAA reported. We had gas shortages. "It will probably increase another ten, maybe even twenty cents here within the next week", Josh Carrasco, a spokesman for AAA said. (more...)
Gas prices surge 26 cents in one week,14 cents overnight Gas prices surge 26 cents in one week,14 cents overnight
- September 04, 2017

That's when, they say, we typically switch from the summer blend to winter blend fuels. Tropical Storm Harvey's battering of southeast Texas is pushing up gas prices for Minnesotans. "Two days ago it was $2.15, today it's $2.49", Ali Al Shehab said. That is up 28 cents per gallon in one week, the GasBuddy figures indicate. The national average for Labor Day 2016 was $2.16 per gallon compared a national average of $2.54 as of Friday. (more...)
Energy chief taps emergency oil reserve in wake of Harvey
- September 04, 2017

Restarting plants even under the best conditions can take a week or more. Still, more volatile inventory and refinery data is likely to come in the weeks ahead, which could be helping to keep oil prices down near term, according to analysts at energy-focused investment bank and research firm Tudor, Pickering, Holt & Co. (more...)
Stage set for Cabinet reshuffle, Rajiv Pratap Rudy on his way out Stage set for Cabinet reshuffle, Rajiv Pratap Rudy on his way out
- September 04, 2017

Next, Minister of State (Independent Charge) for Skill Development Rajiv Pratap Rudy, too, was summoned by Shah and is learnt to have been asked to put in his papers. Meanwhile, Rail Minister Suresh Prabhu has also offered to exit from the government after a series of rail mishaps more than a week ago and had said that the Prime Minister had asked him to "wait". (more...)
Harvey hits us in the gas pump Harvey hits us in the gas pump
- September 04, 2017

Weather Prediction Center. States experiencing the highest gasoline price-hikes include South Caroline, Delaware, and Kentucky. They were at $2.59 a gallon, according to motorists advocacy group AAA . The Colonial Pipeline announced Wednesday evening it expects to temporarily suspend its gasoline, diesel and jet fuel pipelines. Convenience store and gas station chain Circle K, a big buyer from Motiva, said the company was working with a limited supply. (more...)
Gas prices skyrocket after Hurricane Harvey Gas prices skyrocket after Hurricane Harvey
- September 04, 2017

Over 2 million barrels per day (bpd) of refining capacity were estimated to be offline as a result of the storm. The more-active October contract rose 2.4 percent to $1.6764 as of 9:03 a.m. MA is somewhat protected from Gulf refinery impacts due to its access to supplies from mid-Atlantic states and Canada, Maguire said, adding that the demand locally for gas also subsides somewhat after Labor Day as people settle back into their regular routines. (more...)
Marathon approved for oil reserves Marathon approved for oil reserves
- September 04, 2017

That's compared with the preliminary 72.8 million barrels for June 2016, which was later revised upward to 81.5 million barrels. Only some restarts have begun so far. Gasoline futures surged 10 percent on Thursday as almost a quarter of US refining capacity remained offline and traders scrambled to reroute millions of barrels of fuel, while oil prices rose nearly 3 percent. (more...)
Apache Corporation (APA) Getting Somewhat Positive News Coverage, Report Finds
- September 04, 2017

About shares traded. Pandora Media Inc (NYSE:P) has declined 12.50% since September 3, 2016 and is downtrending. It has outperformed by 14.81% the S&P500. Fincl Architects stated it has 1,030 shares. Chicago Equity Ptnrs Ltd Liability Co has invested 0.04% in Owens-Illinois Inc (NYSE:OI). Ray Gerald L & Associates Ltd. (more...)
Tottenham Hotspur fans react to Isco performance v Italy Tottenham Hotspur fans react to Isco performance v Italy
- September 04, 2017

I repeat, this match is for three outcomes, and Spain has, of course, its own trump cards and points of superiority over Italy . This along with Morata, David Silva , and other attacking players will allow this team to constantly attack the Italian backline. (more...)
Eli Lilly and Company (LLY) Rating Reiterated by Leerink Swann
- September 04, 2017

Lilly Eli & Co now has $88.39 billion valuation. Shares of Eli Lilly and (LLY) traded down 1.49% on Thursday, reaching $80.08. About 4.35M shares traded or 12.69% up from the average. Impala Asset Management Llc decreased Carnival Corp (NYSE:CCL) stake by 77,687 shares to 571,825 valued at $29.77 million in 2016Q4. It also reduced Mimedx Group Inc (NASDAQ:MDXG) stake by 292,906 shares and now owns 1.25 million shares. (more...)
The Stein Mart (SMRT) vs. Michael Kors Holdings Limited (KORS) Financial Survey
- September 04, 2017

It has underperformed by 20.00% the S&P500. Textron Inc.is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world. As per Monday, January 25, the company rating was maintained by Oppenheimer. As per Wednesday, March 9, the company rating was initiated by Jyske Bank. (more...)
India gets a woman-Defence Minister India gets a woman-Defence Minister
- September 04, 2017

Charge of Defence was now with Finance Minister Arun Jaitley . Sitharaman is also said to be a minister regarded highly by the Rashtriya Swayamsevak Sangh, which has incidentally always expressed a preference for a woman defence minister. (more...)
Mitchell Group Inc. Decreases Stake in Pioneer Natural Resources Company (PXD)
- September 03, 2017

The firm has "Sell" rating by Citigroup given on Thursday, December 15. Mizuho upgraded the stock to "Buy" rating in Tuesday, March 21 report. The stock has "Overweight" rating by KeyBanc Capital Markets on Monday, August 22. Moreover, Adams Natural Res Fund Inc has 2.17% invested in Pioneer Natural Resources (NYSE:PXD). Cap Innovations Ltd Company invested in 2.42% or 2,405 shares. (more...)
Los Angeles wildfire largest in city's history, mayor says Los Angeles wildfire largest in city's history, mayor says
- September 03, 2017

And folks will not get a break on Sunday from the record-breaking temperatures that have scorched the Bay Area these past few days. He said the biggest factor in fighting the blaze is weather and wind, and that while the wind was erratic Friday, it was less so on Saturday. (more...)
Gas prices surge as Hurricane Harvey continues to disrupt refineries, pipelines Gas prices surge as Hurricane Harvey continues to disrupt refineries, pipelines
- September 03, 2017

The hurricane, which is now a tropical storm, caused gas prices nationwide to see its largest one-week national gas prices surge this summer, AAA states. "The refineries were built on the Gulf Coast with the idea that we're going to import", said Sandy Fielden, director of oil and products research at Morningstar in Austin, Texas. (more...)
Amazon.com, Inc. (AMZN) Receives "Buy" Rating from Royal Bank Of Canada
- September 03, 2017

Shares of Amazon.com ( AMZN ) opened at 978.25 on Friday. It has outperformed by 20.71% the S&P500. New England Inv Retirement Gp reported 0.77% stake. The stock has "Outperform" rating by Wells Fargo on Thursday, October 22. Credit Suisse maintained it with "Buy" rating and $110000 target in Monday, July 10 report. (more...)
Scripps Networks Interactive, Inc (SNI) Shares Bought by Aviva PLC
- September 03, 2017

The stock rose 0.14% or $0.12 reaching $85.77 per share. About 58,739 shares traded. It has underperformed by 13.81% the S&P500. United Capital Financial Advisers Llc increased its stake in Scripps Networks Interactive Inc A (SNI) by 13.22% based on its latest 2016Q4 regulatory filing with the SEC. (more...)
Prudential Financial Inc. Sells 1392330 Shares of Nucor Corporation (NUE)
- September 03, 2017

The Lombard Odier Asset Management Usa Corp holds 75,056 shares with $4.47M value, up from 40,000 last quarter. The stock increased 1.37% or $0.75 during the last trading session, reaching $55.68. Therefore 63% are positive. Price-to-free-cash-flow (P/FCF) of 105.7 gives an overview of the equity valuation for Nucor Corporation . RBC Capital Markets maintained Prologis Inc (NYSE:PLD) rating on Friday, February 5. (more...)
Nirmala Sitharaman: Twitterati go berserk over India's new Defence Minister Nirmala Sitharaman: Twitterati go berserk over India's new Defence Minister
- September 03, 2017

Prime Minister Narendra Modi today elevated the best performing ministers -Dharmendra Pradhan, Piyush Goyal , Nirmala Sitharaman, Mukhtar Abbas Naqvi- to Cabinet rank. Narendra Modi's main scheme to forego subsidised cooking gas or LPG has been looked up by Dharmendra Pradhan while the only Muslim member in the party, Mukhtar Abbas Naqvi , has always took the party's side and defended the government many times in the parliament. (more...)
Nine New Ministers Join Modi Govt., four others elevated to Cabinet Nine New Ministers Join Modi Govt., four others elevated to Cabinet
- September 03, 2017

Pointing out that the Prime Minister had created huge expectations, he said "the focus of the government is now on delivery". According to a constitutional amendment, the limit can not exceed beyond 15 per cent of the total strength of the Lok Sabha which is 545. (more...)
Broncos To Sign Former Browns QB Brock Osweiler Broncos To Sign Former Browns QB Brock Osweiler
- September 03, 2017

Considering how the two parted just over a year ago, the reconciliation seems a bit peculiar. Osweiler's departure came just days after Manning announced his retirement from the National Football League, leaving the Broncos without a starting quarterback only one month removed from a Super Bowl title. (more...)
Harvey shuts down America's largest gasoline pipeline, but don't panic just yet Harvey shuts down America's largest gasoline pipeline, but don't panic just yet
- September 03, 2017

The national average for a regular gallon of gasoline rose to $2.519 as of Friday morning, according to motorists advocacy group AAA , with even gaudier increases in the U.S. Gulf Coast that month, accounting for almost half of the country's gasoline demand. The crippling of the U.S. Gulf Coast refining hub by Tropical Storm Harvey roiled global oil markets on Thursday as traders scrambled to buy gasoline and diesel from distant markets to avert supply shortages in the United States, Mexico ... (more...)
Fossil Group (FOSL) Earning Somewhat Positive Media Coverage, Accern Reports Fossil Group (FOSL) Earning Somewhat Positive Media Coverage, Accern Reports
- September 03, 2017

The legal version of this news story can be read at https://www.truebluetribune.com/2017/08/31/fossil-group-inc-fosl-insider-gregory-a-mckelvey-purchases-5712-shares.html. (NYSE:EFX) shares. The insider KELLEY JOHN J III sold 8,500 shares worth $1.11 million. In the past 3-month period alone, shares of FOSL have appreciated -2.60 - or -23.32%. (more...)
Raghuram Rajan slams demonetization, says was never in favour of it Raghuram Rajan slams demonetization, says was never in favour of it
- September 03, 2017

Mumbai: Former central bank head Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits, a leading national daily reported on Sunday. Let us not mince words about it - GDP has suffered. The demonetisation of currencies which constituted 86 per cent of the system has adversely affected the economy as GDP fall from 7 per cent in October-December quarter to 5.7 per cent in April-June. (more...)
Occidental Petroleum Corporation (OXY) Stake Lowered by Comerica Bank Occidental Petroleum Corporation (OXY) Stake Lowered by Comerica Bank
- September 03, 2017

It has underperformed by 3.85% the S&P500. First Allied Advisory Services Inc acquired 4,901 shares as Occidental Pete Corp Del (OXY)'s stock declined 8.50%. More news for Occidental Petroleum Corporation (NYSE:OXY) were recently published by: Seekingalpha.com, which released: "4 Reasons Why You Should Consider Occidental Petroleum" on August 28, 2017. (more...)