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Economy

USA weather services downgraded Harvey to a tropical storm on Saturday. but torrential rains have continued to drown the area and are expected to continue for most of the week. The company said it is working with government officials to figure out what it needs to do to resume operations. Power outages during Hurricanes Katrina and Rita in 2005 forced the shutdown of parts of the Colonial Pipeline for several days.
  • (BBY) Shares Bought by Blair William & Co. IL

    (BBY) Shares Bought by Blair William & Co. IL

    Economy

    Exane Derivatives now owns 2,553 shares of the technology retailer's stock worth $146,000 after buying an additional 1,010 shares in the last quarter. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA and global trademark and copyright legislation.
  • GAM Holding AG Sells 1200 Shares of Valero Energy Corporation (VLO)

    GAM Holding AG Sells 1200 Shares of Valero Energy Corporation (VLO)

    Economy

    About shares traded. L3 Technologies Inc (LLL) has risen 18.89% since August 29, 2016 and is uptrending. (NYSE:WHG) has declined 4.96% since August 28, 2016 and is downtrending. Retirement Sys Of Alabama owns 214,551 shares for 0.09% of their portfolio. Deroy & Devereaux Private Inv Counsel Inc holds 8,000 shares or 0.06% of its portfolio.
  • WBIR partners with American Red Cross to hold Hurricane Harvey relief telethon

    WBIR partners with American Red Cross to hold Hurricane Harvey relief telethon

    Economy

    If you're in the Houston area and have a craft capable of handling high waters, the sheriff's department is looking for volunteers to help with search and rescue. Four emergency response vehicles will also be heading down from the region in the next few days. "Right now, everyone is a shelter worker with the Red Cross ", Soady said.
  • Bristol-Myers Squibb Co (BMY) Sees RCI Nearing Key Levels

    Economy

    Wood upgraded the shares of PHH in report on Monday, August 10 to "Market Perform" rating. The firm has "Sell" rating given on Wednesday, April 6 by Societe Generale. The rating was downgraded by Robert W. Baird on Wednesday, August 17 to "Neutral". On Monday, August 14 the stock rating was maintained by Cowen & Co with "Hold".
  • HBL Faces $629mn Penalty in the US

    HBL Faces $629mn Penalty in the US

    Economy

    The case stems from 2015, when USA authorities moved against the bank after finding deficiencies in the risk management and Bank Secrecy Act/Anti-Money Laundering compliance programme at HBL's NY branch. HBL said that it will "vigorously contest" the fine in USA courts, adding that there will be no "material impact on HBL's business outside of the United States".
  • Starwood Property Trust Inc

    Economy

    Starwood Property Trust, Inc. Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, August 9th. The institutional investor held 21,610 shares of the business services company at the end of 2016Q4, valued at $31.68M, down from 22,929 at the end of the previous reported quarter.
  • Gas Prices Expected to Rise as Hurricane Harvey Aftermath Unfolds

    Gas Prices Expected to Rise as Hurricane Harvey Aftermath Unfolds

    Economy

    Refineries in Corpus Christi , near where the storm made landfall, closed in advance of the storm, while Houston area refineries remained open until Sunday, when flooding forced some to begin shutting down. Gasoline is now at its highest price point since July 2015. The gasoline crack spread, a rough measure of the profit from refining crude into gasoline, climbed as much as 18 percent to $20.16 a barrel.
  • Atlantic salmon escape prompts Washington to halt fish farming permits

    Atlantic salmon escape prompts Washington to halt fish farming permits

    Economy

    The company operates five salmon farms in Washington State that it acquired previous year and would build 14 floating circular net pens about 1.6 kilometres offshore. The company has previously blamed high tides and currents that damaged the salmon farm leading to the escape of fish. Cooke meanwhile has also been deploying a diver with a vacuum hose to capture fish still in its net pens.
  • Harvey Sinks Oil Prices, Stocks, & ETFs, Sends Gas Prices Higher

    Harvey Sinks Oil Prices, Stocks, & ETFs, Sends Gas Prices Higher

    Economy

    Spot prices for USA gasoline futures surged 7 percent to a peak of $1.7799 per gallon, the highest since late July 2015, before easing to settle at $1.7123, up more than 3 percent. U.S. authorities said 22 percent of crude production in the Gulf of Mexico was halted, while global energy information provider S&P Global Platts said roughly 2.2 million barrels per day of refining capacity was also affected.
  • Toshiba, Western Digital hold talks on sale of chip unit

    Toshiba, Western Digital hold talks on sale of chip unit

    Economy

    The Western Digital group includes private equity firm KKR, Innovation Network of Japan, and Development Bank of Japan, which reportedly bid $18.32 billion. Toshiba and Western Digital are aiming to determine details of the envisioned deal this week. The two sides apparently are still debating how large a voting stake Western Digital would hold once those instruments were converted to common stock.
  • Jurgen Klopp Happy After Liverpool's 'Perfect' Performance Against Arsenal

    Jurgen Klopp Happy After Liverpool's 'Perfect' Performance Against Arsenal

    Economy

    Certainly the two Manchester clubs along with Liverpool and Chelsea are a cut above the current Arsenal . Roberto Firmino opened the scoring for the Reds to give them a deserved lead after dominating the early stages of the game . "All the flags in the Kop are incredible, but there's one that really catches my eye", said Henderson, the Liverpool captain, in his pre-match programme notes.
  • Trump Economic Advisor Rips President's Response to Charlottesville

    Trump Economic Advisor Rips President's Response to Charlottesville

    Economy

    Trump later condemned the Ku Klux Klan, racists and neo-Nazis amid criticism that he failed to single out the far-rightists immediately afterward, but a day later said there were "very fine people on both sides". "The president is in regular contact - I won't get into specific conversations they may have had", Sanders stated before claiming that Trump was "very outspoken" about condemning bigotry and racism.
  • What Does Institutional Ownership Look Like At Freeport-McMoRan Inc. (FCX)?

    What Does Institutional Ownership Look Like At Freeport-McMoRan Inc. (FCX)?

    Economy

    The firm earned "Mkt Perform" rating on Wednesday, July 20 by FBR Capital. Jefferies maintained Pfizer Inc. The company was maintained on Friday, August 4 by Canaccord Genuity. Pub Sector Pension Board reported 276,872 shares. First Financial In has 200 shares for 0.01% of their portfolio. $9.91M worth of Apple Inc. (NYSE:PFE) or 32.20M shares.
  • Gas prices already spiking as Harvey slams refineries

    Gas prices already spiking as Harvey slams refineries

    Economy

    Motorists in the Manatee-Sarasota region were paying an average of $2.30 per gallon of regular unleaded Monday, according to the AAA daily fuel tracker, compared to the state average of $2.32 and the national average of $2.37. Harvey also caused eight refineries in Texas to shutdown, including: ExxonMobil Baytown (584,000 b/d), Deer Park (340,000 b/d), Pasadena Refining (115,700 b/d) and Phillips 66 Sweeny (260,000 b/d) in the Houston region, while several others are operating at reduced rates.
  • Sprouts Farmers Market, Inc. (SFM) Shares Sold by Lapides Asset Management LLC

    Economy

    It has outperformed by 0.16% the S&P500. Sprouts Farmers Market, Inc .'s average EBITDA per Share Growth Rate was 0.1 percent during the past 12 months. It dropped, as 29 investors sold SFM shares while 89 reduced holdings. 41 funds opened positions while 69 raised stakes. Jpmorgan Chase And holds 0.14% in Citizens Financial Group Inc (NYSE:CFG) or 16.44 million shares.
  • Insurance Stocks: How Much Will Harvey Losses Hurt?

    Insurance Stocks: How Much Will Harvey Losses Hurt?

    Economy

    With the rain still falling late Monday, catastrophe modeling firm AIR Worldwide estimated that insured losses would range up to $2.3 billion. "As a result of the unprecedented rainfall that has fallen in Houston and its surrounding areas, 66 of the 120 river gauging stations of the National Weather Service in Houston and Galveston are now at various stages of flooding", Mr.
  • Two Killed As Hurricane Harvey Lashes Texas With Torrential Rain

    Two Killed As Hurricane Harvey Lashes Texas With Torrential Rain

    Economy

    After a night of flash flood and tornado watch, Houston woke up to a catastrophic morning, yet more life-threatening flash flooding , heavy downpour as rescuers answered desperate calls for help all along the ravaged Texas coastline. President Donald Trump on Saturday thanked "all of the volunteers helping with Hurricane Harvey ", which has claimed one life and has so far dumped as much as 14 inches of rain on Texas since making landfall late Friday.
  • Infosys promoters to participate in share buyback

    Infosys promoters to participate in share buyback

    Economy

    Given that the EVC employment agreement with Sikka had not been executed, the board, prior to the induction of Nilekani, decided that the company will complete all resignation formalities as per Sikka's employment contract as MD and CEO as executed on 1 April 2016 and approved by the shareholders.