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Futures point to a higher open as Wall Street wraps up August

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And US consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.3 per cent last month compared with forecasts of 0.4 per cent. Treasury yields fell after the inflation data were released. Stocks were near session highs in afternoon trading Friday, as the market looked to cap a solid week with the indexes in reach of all-time highs. Lire la suite »

Watch Vince Gill Surprise Chris Young with Grand Ole Opry Induction

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This will mark their first time playing that historic stage in nearly five years. "I'm still five years away from Social Security, and I'll tell ya what, I'll make you a deal". Young will join the likes of Blake Shelton, Willie Nelson, Loretta Lynn and Reba McEntire at his formal induction which will take place Tuesday, October 17, just days before the release of his 7th album, Losing Sleep . Lire la suite »

Breaking Down the Chart for Energy Transfer Partners, LP (ETP)

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Fairfield Bush & Company sold 105,565 shares as Energy Transfer Partners Lp (ETP)'s stock declined 10.54%. It has underperformed by 36.98% the S&P500. 102,225 were accumulated by Stephens Ar. First Interstate Commercial Bank reported 3,734 shares or 0.03% of all its holdings. Virtu Financial Ltd Liability Co accumulated 35,916 shares. Lire la suite »

Harvey's Impact on World Oil Market Underlines Growing US Role

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It is a small release of crude for a country that uses almost 20 million barrels of petroleum daily. Driven by shale, the US pumped 9.2 million barrels of oil per day in May. The U.S. has sizable stockpiles of oil, and the country's shale oil boom has helped build up reserves of crude. Still, Harvey has dealt a serious blow to refineries, ports and production in the U.S. Lire la suite »

Gas prices expected to increase Labor Day weekend due to Harvey

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At least two major pipelines - one that ships gasoline across the southern United States to NY, and another that flows north to Chicago - have been slowed or stopped since hurricane Harvey struck the Gulf region. The Eastern Canadian price hike can be read as a "shot across the bow" to signal that refineries in Ontario and Quebec don't have excess product to sell into the US market, Mr. Lire la suite »

ISM Manufacturing Index (PMI) Gains in August, Easily Beating Forecast

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It was the highest reading since April 2011. A reading above 50 indicates the sector is generally expanding, while a reading below that level indicates contraction. "The report paints a picture of a robust recovery in the industrial sector immediately before Hurricane Harvey", said Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note to clients. Lire la suite »

US Created 156000 Jobs In August

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Taken as a whole, Friday's jobs report pointed to an economy that is still steadily generating jobs, though at a less brisk pace than it did earlier in the recovery from the recession. And the construction industry added 28,000 workers in August. The only outlier: government. Retail hiring increased for a second straight month, but only by 800 jobs amid mass store closures. Lire la suite »

Nouvelle Freebox : Xavier Niel évoque un lancement nécessaire

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Sur les six premiers mois de l'année, le groupe a vu son chiffre d'affaires progresser de 7,3% pour s'établir à 2,46 milliards d'euros, sous l'effet en particulier d'une hausse de 10,5% de l'activité mobile, qui dépasse pour la première fois la barre du milliard d'euros (1,07 milliard d'euros). Lire la suite »

RBI says got back almost all of banned currency notes

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On November 8, 2016, Prime Minister Narendra Modi announced that the Rs1,000 and Rs500 notes will not be legal tender from November 9. According to Niti Aayog member Bibek Debroy, the most estimated figure of counterfeit currency in 2016 was Rs 2,000 crore but according to the RBI report, only Rs. Lire la suite »

Country's Largest Shopping Mall Operator Suing Starbucks

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The Indianapolis-based real-estate investment trust last week filed a lawsuit in a state court in Indiana alleging Starbucks would breach its lease obligations by closing its Teavana outlets in 78 of its shopping centers. "Those retailers, at least, claimed closure was necessary to avoid bankruptcy and that staying open and fulfilling their leases would cause them financial ruin", the complaint said. Lire la suite »

Comprehensive Stock Analysis Of Devon Energy Corporation (DVN)

It has underperformed by 3.46% the S&P500. Kornitzer Capital Management Inc decreased Sps Commerce Inc (NASDAQ:SPSC) stake by 96,860 shares to 140,575 valued at $9.83 million in 2016Q4. The firm earned "Sector Perform" rating on Tuesday, March 8 by iBERIA Capital Partners. On Wednesday, January 11 the stock rating was downgraded by Wells Fargo to "Market Perform". Lire la suite »

The Microsoft Corporation (MSFT) Insider Jean Philippe Courtois Sells 26763 Shares

It has outperformed by 15.51% the S&P500. The value of the total investment in Microsoft Corporation increased from $2,825,000 to $2,902,000,000 a change of $2,899,175,000 for the reporting period. The rating was maintained by Deutsche Bank on Friday, July 21 with "Buy". The stock has "Buy" rating by UBS on Friday, October 23. On Tuesday, April 26 the stock rating was initiated by Macquarie Research with "Neutral". Lire la suite »

Flashback: 1979 oil crisis led to gas shortage in North Texas

He said he expects fuel supplies to return to normal within a week. Drivers in the Basin and West Texas, don't believe the hype. Laredo Police say they will be filing a report on the gas station and they encourage anyone to report this sort of activity to the Texas Attorney General's Office. Lire la suite »

Dow to finalize mega merger with DuPont

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The new company, DowDuPont, today announced the conclusion of the deal, 21 months after the pair first agreed to a $130bn merger . Instead, the merger will divide DowDuPont three separate, independent companies. As per the merger agreement, Dow shareholders received a fixed exchange ratio of 1 share of DowDuPont for each Dow share, and DuPont shareholders received a fixed exchange ratio of 1.282 shares of DowDuPont for each DuPont scrip. Lire la suite »

United Kingdom petrol prices could rise in the aftermath of Hurricane Harvey

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The RAC said petrol was on course to overtake diesel costs for the first time in a year with average prices likely rising above 121p per litre - its highest level since 2014 - with no end to the surge now in sight. 'The price of a barrel of crude oil has also increased following the catastrophic floods in Houston. Unleaded petrol could rise in cost by 4p a litre in the coming days, making it more expensive than diesel for the first time in more than a year. Lire la suite »

Gasoline Price Surge Higher in Wake of Harvey

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The full impact of the refining outages, which began last week when Harvey slammed into Corpus Christi, Texas, and is now affecting Louisiana's refining center, remained uncertain, analysts said. Backwardation is usually seen as a sign that the market is rebalancing and that prices are likely to head higher in future months. With more refineries closing on Tuesday and Wednesday, market participants were met with the news on Thursday that Motiva Enterprises' refinery in Port Arthur, Texas, ... Lire la suite »

Cipher Capital LP Takes Position in Marathon Petroleum Corporation (MPC)

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Investors of record on Wednesday, August 16th will be paid a dividend of $0.40 per share. The firm earned "Sector Outperform" rating on Thursday, February 4 by Howard Weil. Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. Lire la suite »

Rio Tinto has sold its Australian coal assets for $2.69bn

It said it would receive total consideration of $2.69bn for the sale, together with customary adjustments for net debt and net working capital at completion. "Rio Tinto will use the consideration received for general corporate purposes and the Group's capital allocation framework will be applied", the board said in a statement. Lire la suite »

Firefighters make progress on California wildfire despite heat

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Authorities said at least 10 houses and 20 outbuildings have been destroyed, and urged residents in vulnerable areas to evacuate into shelters. The Global SuperTanker is now helping to fight a fire in Northern California. Butte County has set up an evacuation center at the Church of the Nazarene in Oroville, 2238 Monte Vista Ave. A small animal shelter has opened at the old county hospital at 2278 Del Oro Ave.in Oroville, and a large animal center at Camelot Equestrian Center, 1985 Clark ... Lire la suite »

Navy arrests eight Tamil Nadu fishermen

Responding swiftly, the Naval personnel saved all the four Indian fishermen from the sinking mechanized fishing vessel. It was reported that the fishermen who hails from Rameswaram district, Tamil Nadu were allegedly arrested when they were fishing near Neduntheevu. Lire la suite »