Markets

Markets Hurricane Harvey Wreaks Havoc on Texan Oil Refineries
Author: 0 Hurricane Harvey Wreaks Havoc on Texan Oil Refineries

Pipelines were closed, potentially stranding some crude in West Texas and starving New York Harbor of gasoline. Despite this, USA crude stocks fell last week and gasoline stocks were down as well, the Energy Information Administration said.

Markets Gas Prices Beginning to Rise
Author: 0 Gas Prices Beginning to Rise

The impact could come in the form of higher gasoline prices. "Multiple refineries and drilling rigs had to be evacuated ahead of the storm, and the Houston Ship Channel was closed". The national average may rise 7 cents to 15 cents a gallon over the next weeks, said DeHaan, adding that the estimate may be "conservative". The good news for consumers is that the hurricane-driven price spikes don't tend to last for long.

Markets Samsung heir Lee appeals last week's court ruling
Author: 0 Samsung heir Lee appeals last week's court ruling

Waving South Korea's national flag and the U.S. Stars and Stripes, the demonstrators shouted "Release innocent President Park Geun-hye" and called for the resignation of liberal President Moon Jae-in, who took power in May after winning a presidential by-election following Park's removal from office.

Markets Uber picks Expedia chief as its new CEO
Author: 0 Uber picks Expedia chief as its new CEO

Regis Hotel to determine who would replace former CEO and cofounder Travis Kalanick , but it wasn't until this late Sunday that it had decided on Khosrowshahi and not Whitman, after Immelt conceded on Sunday morning that the job wasn't for him.

Markets Sterling bounces after Yellen speech though outlook bleak
Author: 0 Sterling bounces after Yellen speech though outlook bleak

The stated topic of Yellen's speech Friday will be financial stability, which may provide a platform to address concerns that the Fed's ultra-low rates have fueled asset bubbles in the stock market . Not only this, but Mr Draghi also failed to make any comments about the strength of the euro, which was taken as a green light to push it higher, reaching its highest levels since January 2015 and just below 1.20 by Friday's close.

Markets Hurricane Harvey leaves thousands of cruisers, crew out to sea
Author: 0 Hurricane Harvey leaves thousands of cruisers, crew out to sea

A math teacher from Burlington County is among the thousands of cruise ship passengers who were reportedly stuck at sea or other ports due to tropical storm Harvey . In what many are describing as true "Texan hospitality", a woman braved Hurricane Harvey to hand a six-pack of beer to a reporter covering the natural disaster.

Markets Florida gas prices expected to rise as Hurricane Harvey makes landfall
Author: 0 Florida gas prices expected to rise as Hurricane Harvey makes landfall

Gulf of Mexico oil output levels rose slightly from Saturday, when roughly 25% of Gulf oil output was offline, Reuters reported. LONDON, Aug 25 (Reuters) - Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which may become the biggest storm to hit the USA mainland in more than a decade.

Markets Harvey forces cancellation of 2700 flights
Author: 0 Harvey forces cancellation of 2700 flights

Only one flight was canceled that was scheduled to leave Boston at 8:41 a.m., according to JetBlue. Tropical storm Harvey has produced catastrophic flooding across thousands of square kilometres of south and southeast Texas. Hobby Airport closer to downtown Houston would stay closed until Wednesday as historic rainfall drenching the fourth-largest US city continues. The airport system's website says Bush Intercontinental Airport is 23 miles north of downtown Houston and provides service ...

Author: 0 Analyst Stock Recommendations For Marathon Petroleum Corporation (MPC), Kohl's Corporation (KSS)

Palladium Partners Llc decreased Discover Finl Svcs Com (DFS) stake by 13.63% reported in 2016Q4 SEC filing. Eventide Asset Management Llc sold 20,600 shares as Kite Pharma Inc (KITE)'s stock rose 29.36%. Credit Agricole S A owns 404,467 shares for 0.07% of their portfolio. Moreover, Allen Invest Mgmt Ltd Liability has 0.04% invested in Marathon Oil Corporation (NYSE:MRO).

Markets Do Institutional Investors Love West Florida Natural Gas Co (NASDAQ:MRVL)?
Author: 0 Do Institutional Investors Love West Florida Natural Gas Co (NASDAQ:MRVL)?

The Price to Sales (P/S) ratio of the stock is 3.36, while P/B (Price to Book) stands at 2.02. A total of 6.86 Million shares exchanged at hands and its Average Volume (3 months) is 7.01 Million. Its down 0.18, from 1.27 in 2016Q3. It is negative, as 98 investors sold CERN shares while 243 reduced holdings. 122 funds opened positions while 230 raised stakes.

Markets Bay area volunteers train to help after Harvey
Author: 0 Bay area volunteers train to help after Harvey

Greg Abbott on Saturday expanded his disaster declaration to 20 additional counties, saying he would activate 1,800 military personnel to help with cleanup efforts. As of 2 pm ET, Harvey was 45 miles west-northwest of Victoria, Texas. Officials say the Category 4 Hurricane has left Texas reeling by "catastrophic" flooding and "widespread devastation".

Markets Ford to form EV joint venture with Chinese automaker
Author: 0 Ford to form EV joint venture with Chinese automaker

Ford added "first China, then the world", as it recommitted to build 13 new EVs for various markets over the next five years. Ford Motor Company has announced the signing of a Memorandum of Understanding (MoU) with Anhui Zotye Automobile, a major manufacturer of zero-emission all-electric vehicles in China.

Markets Penn Station's 'summer of hell' ends September 5: Amtrak
Author: 0 Penn Station's 'summer of hell' ends September 5: Amtrak

Amtrak , which operates Penn Station, said the repairs were needed to address long-term infrastructural neglect. The summer work focused on a critical sorting mechanism routing incoming and outgoing trains that enter and exit the station from the Hudson River tunnel and LIRR's West Side Yard to various station tracks and platforms, according to Amtrak.

Markets Dollar Tree Inc (NASDAQ:DLTR) Quarterly Sentiment Report
Author: 0 Dollar Tree Inc (NASDAQ:DLTR) Quarterly Sentiment Report

Dollar Tree updated its Q3 guidance to $0.83-0.90 EPS and its FY18 guidance to $4.58-4.74 EPS. (NASDAQ: DLTR ) or 2,559 shares. Panagora Asset Management stated it has 34,690 shares. As per Wednesday, November 23, the company rating was maintained by Deutsche Bank. Bush Odonnell Investment Advsr has 0.31% invested in Dollar Tree, Inc .

Markets Management Resource Solutions PLC (MRS) Receives
Author: 0 Management Resource Solutions PLC (MRS) Receives "Hold" Rating from Peel Hunt

The rating was maintained by Numis Securities on Monday, March 14 with "Buy". The company was maintained on Monday, October 19 by Credit Suisse. Credit Suisse maintained the stock with "Outperform" rating in Wednesday, July 22 report. About 89,033 shares traded. Premier Oil PLC (LON:PMO) has 0.00% since August 25, 2016 and is. It has underperformed by 16.70% the S&P500. The Firm is a multichannel retailer.

Author: 0 United States stocks up, dollar down as Yellen mum on interest rates

But Ms Yellen cautioned against any sweeping rollback: "The balance of research suggests that the core reforms we have put in place have substantially boosted resilience without unduly limiting credit availability or economic growth". "They just can't get any money because the banks just won't let them borrow it because of the rules and regulations in Dodd-Frank". Trump's nominee as vice chair of the Fed for regulatory issues, Randal Quarles, has been an advocate of such changes.