Markets

Markets Gasoline prices to spike as Hurricane Harvey hits petroleum system
Author: 0 Gasoline prices to spike as Hurricane Harvey hits petroleum system

A break in the same pipeline in September 2016 caused gasoline shortages and prices to spike about 20 cents a gallon in Alabama, Georgia, North Carolina, South Carolina, Tennessee and Virginia. At the same time, there is competition for supplies as shippers are sending gasoline from NY to markets in Georgia and Florida, where supplies are also tight.

Markets SC couple sues Amazon over eclipse glasses
Author: 0 SC couple sues Amazon over eclipse glasses

The suit is seeking class action status, compensation for damages suffered by plaintiffs, restitution for all monies wrongfully obtained by Amazon, injunctive relief barring Amazon from engaging in similar behavior in the future, and coverage for attorney's fees and costs incurred by the plaintiffs.

Markets Volkswagen Scrappage Scheme Launched, Offers Big Savings
Author: 0 Volkswagen Scrappage Scheme Launched, Offers Big Savings

This discount ranges from €800 to €6,500 off a new vehicle, depending on the model being bought. Through a new scheme created to get older polluting cars off the road, potential buyers can get incentives of between 1,800 and 6,000 pounds ($2,324 and $7,747) for a new Volkswagen if they trade in an older vehicle.

Markets Rockwell Collins Nears $20B Deal with United Technologies
Author: 0 Rockwell Collins Nears $20B Deal with United Technologies

As of quarter end Dnb Asset Management As had acquired a total of 2,649 shares growing its stake by 14.8%. The Iowa-based Principal Grp Inc Incorporated has invested 0.02% in Rockwell Collins, Inc . Analyst Jeffrey Sprague of Vertical Research Partners said in an investor note August 22 that airline traffic grew by 8 percent in the first half of 2017, and with older aircraft coming back into use, spending will rise for maintenance, fix and overhaul.

Markets Oil mixed in Asia after Harvey slams into US
Author: 0 Oil mixed in Asia after Harvey slams into US

Flooding is expected to continue for several more days. US refineries produced an average of about 20 gallons of motor gasoline and about of 11 gallons of ultralow sulfur distillate fuel oil from one 42-gallon barrel of crude oil , according to the Energy Information Administration .

Markets Union Ministers meet Amit Shah amid cabinet reshuffle talk
Author: 0 Union Ministers meet Amit Shah amid cabinet reshuffle talk

Along with Vijay Sampla, who is party unit chief for Punjab, Pandey is likely to be dropped from the Union council of ministers to allow them to focus on party activities in their respective states. Gujarat BJP chief Jitubhai Vaghani also attended the meeting. The party has set a target of winning 150 seats in the 182-member assembly. Reshuffle is expected to take place before Prime Minister Narendra Modi leaves for China on Sunday for a BRICS summit.

Markets Wells Fargo discovers another 1.4 million fake accounts
Author: 0 Wells Fargo discovers another 1.4 million fake accounts

About 86 shares traded. (AAPL) stake by 7.88% reported in 2016Q4 SEC filing. The stock rose 0.47% or $0.24 reaching $51.6 per share. Many shot back that they were simply following the orders of the company's top brass, members of which baited them with hefty commissions and the like if they hit lofty sales goals.

Markets Senior Tories oddly supportive of Theresa May's plan to stay
Author: 0 Senior Tories oddly supportive of Theresa May's plan to stay

Her hold on the leadership has been fragile since her decision to hold a snap general election which resulted in the Conservatives losing their Commons majority. Jon Trickett, shadow minister for the Cabinet Office, said: "The Prime Minister is deluding herself". Mr Shapps said "I don't think there's an appetite for leadership elections right at this moment" and the Prime Minister should be judged on her performance in the Brexit negotiations but it was "probably the case" that nobody ...

Author: 0 Harvey Strikes Canada's Oil Sands as Heavy Crude Refineries Shut

The recovery from Harvey will mimic the storm's path from west to east. Flint Hill Resources' refinery in Corpus Christi, where Harvey made landfall as a Category 4 hurricane, could begin to restart - a process that takes days - as early as Wednesday.

Markets Oil prices likely to get a boost from stock draws, demand growth
Author: 0 Oil prices likely to get a boost from stock draws, demand growth

About 4.2 million barrels of US refining capacity has been shut by Harvey, based on company reports and Reuters estimates. The Houston area accounts for more than a quarter of the nation's gasoline production. Gains intensified for refined products after sources on Wednesday said Total's Port Arthur , Texas, refinery had been shut by a power outage resulting from the storm.

Markets No need to say too much on Doklam, says Arun Jaitley
Author: 0 No need to say too much on Doklam, says Arun Jaitley

India and China have nearly completed the disengagement of border personnel at Doklam , in a major diplomatic breakthrough which came a week before the BRICS summit in China which is expected to be attended by Prime Minister Narendra Modi .

Markets India demonetisation figures deal blow to Modi
Author: 0 India demonetisation figures deal blow to Modi

While critics have argued that Prime Minister Narednra Modi's black money jolt past year brought down India's GDP growth by nearly 1 per cent, Finance Minister Arun Jaitley defended the move saying that idea behind demonetisation was to not just root out black money but also to increase transparency, digitisation, tax base, formal sector, minimize the cash in the economy and to curb terror funding.

Markets This New Smart Car Concept Proves Why Americans Hate Smart Cars
Author: 0 This New Smart Car Concept Proves Why Americans Hate Smart Cars

Sharing its dimensions with the Smart ForTwo city auto, the Smart Vision EQ does so many things so differently, it's best thinking of it as a future mobility solution rather than as a vehicle in the classic sense of the word. Mercedes predicts the number of people using auto sharing services worldwide will have increased fivefold by 2025 to 36.7 million. You can find out more information about the Smart Vision EQ ForTwo concpet auto over at Mercedes at the link below.

Markets Frankfurt to evacuate 60000 people to defuse British WWII bomb
Author: 0 Frankfurt to evacuate 60000 people to defuse British WWII bomb

Currently, there is a police presence at the construction site, which has also been taped off. "Due to the large size of the bomb , extensive evacuation measures must be taken". An unexploded bomb found in Hildesheim in July. The discovery of a World War II bomb is nothing unusual in Germany . The previous landmark was held by Augsburg, where around 54,000 people had to evacuate their homes on Christmas Eve past year when a similar bomb was discovered.

Markets Shraddha Kapoor: I tried my best to look like Haseena Parkar
Author: 0 Shraddha Kapoor: I tried my best to look like Haseena Parkar

Lakhia's biopic on underworld Don Dawood Ibrahim's sister Haseena Parkar is set to release on September 22 while Dutt's comeback movie Bhoomi is also releasing on the same day. She had a lovely marriage and she lost her husband at a young age. "I hope everyone enjoys when they see the film". She got married at young age and they had four children.

Markets Toshiba says three groups vying for prized chip unit
Author: 0 Toshiba says three groups vying for prized chip unit

Talks with a consortium led by Western Digital Corp were in final stages, with the head of the USA firm in Japan to hammer out details, the sources said, requesting anonymity because they were not authorized to speak with media. Bain's new offer is created to get around that problem as it will invite the state-backed investors - the Innovation Network of Japan (INCJ) and the Development Bank of Japan (DBJ) - to invest in the business only after any arbitration with Western Digital is ...

Markets Six dead as floods hit Mumbai
Author: 0 Six dead as floods hit Mumbai

Heavy rains in Mumbai have also been predicted for Wednesday and Thursday, although the rain on Wednesday is expected to be lighter than that of Tuesday. The Mumbai Police is also putting out regular updates on Twitter and has alerted citizens to stay off waterfronts. City managers have warned of additional power cuts across the metropolitan area if flood waters continue to rise.

Markets Rains may drown Maximum City, but they have brought Mumbaikars together
Author: 0 Rains may drown Maximum City, but they have brought Mumbaikars together

As a precautionary measure, schools and colleges remained closed on Wednesday (30 August) as more rains are expected. "Due to this rainfall, the rivers Mahi, Sabarmati, Banas, Godavari and its tributaries, Krishna and its tributaries, west-flowing rivers south of Tapi, Cauvery and its tributaries are likely to rise and create low to moderate flood in few locations", a government advisory warned as cited by The India Times .