Money


Gasoline Hits 2-Year High as Harvey Shuts Biggest US Refinery
- August 30, 2017

Crude oil made a negative start to the week as flooding caused by the storm forced refiners in the Gulf of Mexico region to shutdown, sparking concerns over an excess in crude oil supplies, the primary input at refiners. "Crude is always easier to replace than products", said Olivier Jakob, analyst at Petromatrix. If refineries remain offline for more than a few days, and stores are tapped into, prices could rise. (more...)
Critical Comparison: Realty Income Corporation (O) vs. SL Green Realty Corp. (SLG) Critical Comparison: Realty Income Corporation (O) vs. SL Green Realty Corp. (SLG)
- August 30, 2017

It also reduced Cubesmart (NYSE:CUBE) stake by 178,661 shares and now owns 10.75M shares. It turned negative, as 61 investors sold Realty Income Corp shares while 172 reduced holdings. Therefore 43% are positive. Eii Capital Management Inc. lowered its position in shares of Realty Income Corporation (NYSE:O) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). (more...)
USA gasoline prices, margins surge as Harvey hits Gulf Coast refining USA gasoline prices, margins surge as Harvey hits Gulf Coast refining
- August 30, 2017

The dollar was also undermined by Friday's annual meeting of central bankers at the Jackson Hole resort in Wyoming at which United States central bank chief Janet Yellen's speech gave no hint that the Federal Reserve was planning any policy change that would support the dollar. (more...)
Bus drivers say unruly students make job more hard and risky Bus drivers say unruly students make job more hard and risky
- August 30, 2017

She claimed that the impetus for the attack was the driver's sarcastic attitude when the driver told her to have a nice day. Assaults on bus drivers are unfortunately a relatively common incident at Metro and other transit agencies around the country: In 2016, there were 75 recorded assaults on bus operators, though that was down from 87 the year before. (more...)
Uber Picks Expedia's CEO To Handle All Of Its Problems Uber Picks Expedia's CEO To Handle All Of Its Problems
- August 30, 2017

The note says he'll also meet with small groups of employees and spend time with drivers in the coming weeks. "Casting a vote for the next chief executive of Uber was a big moment for me and I couldn't be happier pass the torch to such an inspiring leader", said Travis Kalanick , who stepped down as Uber CEO in June after investors demanded his resignation. (more...)
The new voice of Kermit the Frog makes his debut online The new voice of Kermit the Frog makes his debut online
- August 30, 2017

On Tuesday, The Muppets' YouTube account published its latest " Muppet Thought of the Week " video, which features Matt voicing the frog for the very first time. I feel that I am at the top of my game, and I want all of you who love the Muppets to know that I would never consider abandoning Kermit or any of the others because to do so would be to forsake the assignment entrusted to me by Jim Henson , my friend and mentor, but even more, my hero. (more...)
Trump approves Louisiana emergency declaration Trump approves Louisiana emergency declaration
- August 30, 2017

Meanwhile, "catastrophic and life-threatening flooding" continues in southeastern Texas, where bands of storm have been repeatedly pummeling the same areas. Landrieu feels that New Orleans is ready in many ways for the challenge. Now, the city faces Harvey with diminished pumping capacity. For many of them, they are happy to be alive, but they are also anxious about what's to come. (more...)
Delta Air Lines, Inc. (NYSE:DAL) Traded Under Its 50 Day Average
- August 30, 2017

The stock appeared $38.06 above its 52-week highs and is down -0.73% for the last five trades. About 61,633 shares traded. Senator Investment Group Lp decreased Whiting Pete Corp New (NYSE:WLL) stake by 500,000 shares to 7.00 million valued at $84.14 million in 2016Q4. (more...)
Lufthansa wants Air Berlin long-haul planes Lufthansa wants Air Berlin long-haul planes
- August 30, 2017

Lufthansa, which now does not offer long-haul flights from Berlin, is especially interested in the carrier's routes to United States cities including NY, the source said on Tuesday. Potential buyers of Air Berlin have until 15 September to submit their offers, the carrier has confirmed. "This insolvency is being timed to allow Lufthansa to take over a debt-free Air Berlin, which will be in breach of all German and European Union competition rules, and this Lufthansa monopoly has been ... (more...)
Governor activates entire Texas National Guard to help with Harvey response Governor activates entire Texas National Guard to help with Harvey response
- August 30, 2017

Since making landfall on Friday, Harvey has dumped 9 trillion gallons of water on Texas. "The word catastrophic does not appropriately describe what we're facing", said U.S. The military also has saved almost 300 pets. Early Monday, Harvey was just barely clinging to tropical storm status, but the danger is far from over. (more...)
India will also witness the 5G services, TRAI begins auction India will also witness the 5G services, TRAI begins auction
- August 30, 2017

In addition, DoT has included two more bands, 3300-3400 MHz and 3400-3600 MHz, it plans to allocate for mobile services through the auction. TRAI has sought opinion on when the next round of auction should be held and what should be the pricing and the quantum of spectrum to be sold. (more...)
Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) Sees Unusual Trading Volume in Its Shares
- August 30, 2017

The stock increased 0.13% or $0.08 during the last trading session, reaching $63.56. About 244,558 shares traded. It has outperformed by 27.03% the S&P500. Since March 2, 2017, it had 4 insider buys, and 1 insider sale for $235.75 million activity. COUGHLIN CHRISTOPHER J bought $234,200 worth of Alexion Pharmaceuticals, Inc. (more...)
Utah Retirement Systems Has $4.86 Million Stake in Alexion Pharmaceuticals, Inc. (ALXN)
- August 30, 2017

Omega Advisors Inc increased Fidelity National Financial (FNF) stake by 58.24% reported in 2016Q4 SEC filing. A 16 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of ALXN or, if they already own its stock, sell it. (more...)
Bird Group says keen to buy Air India's subsidiary Bird Group says keen to buy Air India's subsidiary
- August 30, 2017

The Bird Group already does ground handling activities at seven airports in the country. Currently, Air India's portfolio of subsidiaries include Air India Engineering Services, Air India Transport Services, Alliance Air, Air India Express and the Hotel Corporation of India. (more...)
Rite Aid Corporation (RAD) Upgraded by Zacks Investment Research to Rite Aid Corporation (RAD) Upgraded by Zacks Investment Research to "Hold"
- August 30, 2017

Inventure Foods Inc (NASDAQ:SNAK) has declined 34.17% since August 28, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Ancora Advisors Llc decreased its stake in Rite Aid Corp ( RAD ) by 54.57% based on its latest 2016Q4 regulatory filing with the SEC. (more...)
Major Texas refineries remain closed, reduce activity as Harvey batters Gulf Coast Major Texas refineries remain closed, reduce activity as Harvey batters Gulf Coast
- August 30, 2017

Situated some 25 miles (40 kilometers) east of Houston, it produces an average 584,000 barrels of crude oil a day and employs 7,000 workers. The closure of the Houston Ship Channel has caused adjustments to rates at the Baytown refinery and forced delivery of crude shipments to be based on the allowance of channel conditions. (more...)
Builders FirstSource, Inc. (NASDAQ:BLDR) Closed Below Its 50 Day Average
- August 30, 2017

CROW M CHAD had sold 106,479 shares worth $1.61M on Monday, March 6. The most current P/E ratio is 9.66 and market cap is 1.64B. The stock decreased 0.34% or $0.05 on August 25, reaching $14.59. Investors sentiment increased to 1.33 in 2016 Q4. Its up 0.36, from 0.97 in 2016Q3. Builders FirstSource , Inc. has a consensus outperform rating from 10 Wall Street analysts, and the number of shares now sold short amount to at least 7.79% of shares outstanding. (more...)
Electronics dealer CeX suffers major security breach Electronics dealer CeX suffers major security breach
- August 30, 2017

In an email to customers this morning, the retailer said it was investigating the breach "as a priority" and promised it was "taking a number of measures to prevent this from happening again". Also stolen were email addresses and passwords, so customers who have used their site are recommended to change their passwords across all of their accounts if they match similarly to the one used on Cex' website. (more...)
United Kingdom produce helps keep lid on Brexit food inflation United Kingdom produce helps keep lid on Brexit food inflation
- August 30, 2017

European supply chains are a key part of delivering the goods that United Kingdom consumers buy every day. "To ensure supply chains are not disrupted and goods continue to reach the shelves, agreements on security, transit, haulage, drivers, Value-Added Tax and other checks will be required to get systems ready for March 2019". (more...)
Nikki Haley On North Korea: 'Something Serious Has To Happen' Nikki Haley On North Korea: 'Something Serious Has To Happen'
- August 30, 2017

Foreign ministry spokeswoman Eleanor Wang (王珮玲) said that the Republic of China (ROC) government condemns the provocative action by North Korea, which has caused tension in the region and breached UN Security Council declarations. Trump has already threatened Kim with "fire and fury" should North Korea threaten the USA or its territory in Guam with nuclear-tipped intercontinental ballistic missiles . (more...)

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