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Harvey throws a wrench into U.S. energy engine Harvey throws a wrench into U.S. energy engine
- September 01, 2017

All of those refineries have been impacted by Harvey since Thursday when refineries in Corpus Christi, Texas, shut in production ahead of the storm's landfall on Friday. Earlier Tuesday, Motiva Enterprises said that its refinery in Port Arthur, Texas - the biggest in the nation - had cut output to just 40 percent. Goldman added that, in addition to shutting oil refineries, about 1.4 million bpd of USA crude production has been disrupted, equivalent to 15% of total output. (more...)
Gasoline surges, oil declines as Harvey shutters refineries Gasoline surges, oil declines as Harvey shutters refineries
- September 01, 2017

The U.S. East Coast is largely supplied via the Colonial Pipeline from the Gulf Coast, but those supplies are expected to be tight in upcoming weeks as refiners in and around Houston get back on their feet. More than one-fifth of US refining capacity has been shuttered, according to S&P Global Platts. In other words, Harvey has disrupted about one-fifth of the country's total refining capability. (more...)
Crude Oil Prices Remain Pressured by Tropical Storm Harvey Crude Oil Prices Remain Pressured by Tropical Storm Harvey
- September 01, 2017

Refiners in Corpus Christi that shut down ahead of the storm have said they are looking to restart, but more than 2 million barrels a day of refining capacity remains offline. The amount of oil production offline increased from August 25, when roughly 22% of output was affected. Barclays bank said the storm's impact was "likely to linger for several more weeks". (more...)
A Canadian university loses US$9m in new phishing attack A Canadian university loses US$9m in new phishing attack
- September 01, 2017

Three staffers at MacEwan made three payments to the bogus account over a nine-day period ending August 19. The funds totaled $9.5 million or $11.8 million Canadian dollars. According to Beharry, the transfers were made by low-level staff, and he said the university would change its process to require "secondary and tertiary" levels of approval in the future. (more...)
Wells Fargo says 3.5M fake accounts involved in scandal Wells Fargo says 3.5M fake accounts involved in scandal
- September 01, 2017

In last year's hearing, Warren accused Wells Fargo CEO, John Stumpf, of being "gutless" after letting lower-level employees endure most of the punishment and fallout from the scandal. And roughly 450,000 accounts were found in the original window. The period was later expanded to cover January 2009 through September 2016 and 165 million bank accounts were reviewed. (more...)
Jobs report misses, unemployment rate climbs Jobs report misses, unemployment rate climbs
- September 01, 2017

One persistent soft spot in the job market is that pay raises remain tepid. The August jobs report is out and it's a miss. U.S. Treasury yields were a bit lower after the numbers, with the 10-year yield down to 2.11%, near its lows for the year, the 2-year at 1.31%, and the 30-year Long Bond at 2.73%. (more...)
Realty Income Corporation (O) Stake Lowered by American Century Companies Inc Realty Income Corporation (O) Stake Lowered by American Century Companies Inc
- September 01, 2017

Mn Services Vermogensbeheer B.V. increased its position in Duke Realty Corporation by 7.6% in the first quarter. The percentage of shares being held by the company management was 0.9% while institutional stake was 67.5%. Lastly, World Asset Management boosted its position in Kilroy Realty Corporation by 2.5% in the Fiscal Q2. TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. (more...)
Dow-DuPont Merger Deal Closes Dow-DuPont Merger Deal Closes
- September 01, 2017

Shares of DuPont and Dow stopped trading at the close of August 31 and will now trade on the New York Stock Exchange under the ticker symbol " DWDP ". DuPont CEO Ed Breen becomes CEO of DowDuPont. The Board of Directors of DowDuPont is made up of 16 members - eight directors formerly on the DuPont Board and eight directors formerly on the Dow Board. (more...)
Myntra's fashion brands to deliver over $300mn in 2017: CEO Myntra's fashion brands to deliver over $300mn in 2017: CEO
- September 01, 2017

Flipkart-owned online fashion retailer Myntra's private labels have turned operationally profitable in the last two months. "Myntra Fashion Brands today occupy 9 of the top 20 brands on the platform". Myntra's Fashion Brands are also present on Jabong, another online fashion retailer which was acquired by Flipkart . "We're trying to get to profitability and are continuing to grow and that's important", said Narayanan . (more...)
Baxter International (BAX) Given Daily Coverage Optimism Score of 0.13
- September 01, 2017

These shares are worth $583,014 and were traded at $61.76 each. Michael Kors Holdings Ltd (NYSE:KORS) has declined 10.54% since August 28, 2016 and is downtrending. Teacher Retirement System Of Texas invested in 0.89% or 2.18 million shares. Wealth Architects Ltd Limited Liability Company stated it has 4,700 shares or 0.09% of all its holdings. (more...)
Celgene Corporation's (CELG) "Buy" Rating Reiterated at Cantor Fitzgerald
- September 01, 2017

Ghost Tree Capital Llc acquired 35,000 shares as Celgene Corp (CELG)'s stock declined 3.49%. Celgene now has $108.69B valuation. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). (more...)
Crude Oil Prices Still Dominated By Hurricane Harvey, Support On Dips Crude Oil Prices Still Dominated By Hurricane Harvey, Support On Dips
- September 01, 2017

That artery can carry 3 million barrels of gasoline and other products daily. Onshore oil production continues to have approximately 300,000 - 500,000 barrels per day of production shut in. The decision to tap the oil reserve follows the shutdown of the Colonial Pipeline , which normally carries a huge amount of gasoline between Houston and the East Coast. (more...)
Inside Photos! Aftab Shivdasani marries Nin Dusanj again in dreamy wedding Inside Photos! Aftab Shivdasani marries Nin Dusanj again in dreamy wedding
- September 01, 2017

Well, hearty congratulations to Aftab and Nin for their remarriage. Also, if you to know more about Nin Dusanj, let us tell you she is also the sister in-law of Kabir Bedi. Aftab took to Instagram and shared a series of photographs on from the destination wedding. The celebrations included Mehendi, a party on the beach, followed by a Hindu ceremony and a Buddhist blessing with local Sri Lankan monks. (more...)
Nutanix, Inc. (NASDAQ:NTNX) To Report Earnings Nutanix, Inc. (NASDAQ:NTNX) To Report Earnings
- September 01, 2017

Therefore 74% are positive. KeyCorp reissued a "buy" rating and issued a $32.00 price target on shares of Nutanix in a report on Friday. For the outlook of the current financial quarter, Analysts think the firm will post -0.38 earnings per share. (more...)
Ctrip.com International, Ltd. - (NASDAQ:CTRP) Experiences Heavier than Usual Trading Volume
- September 01, 2017

About 1.46 million shares traded. It has underperformed by 5.06% the S&P500. Ctrip.com global has a 1-year low of $39.71 and a 1-year high of $60.65. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Its now has a PEG ratio of 167.99 where as its P/E ratio is 958.55. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements. (more...)
Greenwood Capital Associates LLC Buys 434 Shares of Incyte Corporation (INCY)
- September 01, 2017

Sands Management Ltd Liability Company reported 1.28% stake. Insiders sold 48,183 shares of company stock valued at $5,976,946 over the last quarter. Its down 8.48% from 270,000 shares previously. Investors and Traders continue to monitor technical levels of shares of Concho Resources Inc. Shares for $365,100 were sold by Trower Paul on Friday, May 5. (more...)
Yields lowest since November after North Korea fires missile Yields lowest since November after North Korea fires missile
- September 01, 2017

The euro had benefited from the dollar's weakness, hitting a 2-1/2-year high of $1.2070 on Tuesday, having already been boosted late last week by European Central Bank chief Mario Draghi's failure to mention the euro's strength at a policy meeting in Jackson Hole, Wyoming. (more...)
Thursday forecast: rain likely to stick around, high 82 Thursday forecast: rain likely to stick around, high 82
- September 01, 2017

The remnants of Tropical Storm Harvey is expected to move over Kentucky Friday into Saturday , bringing heavy rain that may cause localized flooding issues. Winds will be steady around 11 miles per hour with gusts upward of 24 miles per hour. Friday - Partly Sunny with Isolated Showers with a heat index of 100*. (more...)
Energy chief taps emergency oil reserve in wake of Harvey Energy chief taps emergency oil reserve in wake of Harvey
- September 01, 2017

Harvey initially reached the coast near Rockport, Texas, on Friday, and was quickly downgraded to a tropical storm from a Category 4 hurricane. Just as refiners in South Texas are starting to recover from Harvey, forecasters have the storm gearing up for a second landfall in an area further east that includes the nation's largest refinery. (more...)
Port of Corpus Christi closed by Paragon drillship grounded in Hurricane Harvey Port of Corpus Christi closed by Paragon drillship grounded in Hurricane Harvey
- September 01, 2017

The Intracoastal Waterway between Corpus Christi east to and Brownsville is also open, it said. Most main ports in Texas were closed on Thursday almost a week after Harvey, the most powerful hurricane to hit the state in half a century, battered the heart of the US energy industry. (more...)