Business

Workers stop leak at Alaska well with salt water

While it's not uncommon for natural gas to escape from North Slope wells, an emergency of Friday's magnitude is rare, said Lois Epstein, Arctic Program Director for The Wilderness Society, an environmental group in Anchorage. BP began drilling at the massive Prudhoe Bay oil field in 1968. The well that burst is in the Prudhoe Bay Oil Field, the largest oil field in North America. [Full Article...]

Clothing retailer Bebe closing all stores before summer

Clothing retailer Bebe closing all stores before summer The chain had recently said it had more than 130 retail stores and more than 30 outlet stores in the United States, Canada and Puerto Rico. Bebe has not filed bankruptcy and didn't provide details on its future plans but it is reportedly considering the possibility of moving its business online only. [Full Article...]

Supreme Court raps Centre for making Aadhaar mandatory

Supreme Court raps Centre for making Aadhaar mandatory Rohatgi said that government has found that the Pan Cards are being used to divert funds to shell companies and to prevent it, the Centre has the only option is to make Aadhar card mandatory. "As per this section, if one does not have Aadhaar card, he can not have a PAN". He argued that he was being coerced into obtaining an Aadhaar card, due to the newly-inserted Section 139AA, in complete viol... [Full Article...]

Trump asks for probe into imports of foreign-made steel

Trump asks for probe into imports of foreign-made steel The White House isn't contemplating ending its steel imports to the U.S., Ross clarified, as Trump launched a probe Thursday on foreign infrastructure production. But Trump said that the investigation could expedited and completed within 50 days. A 1962 trade law that gives the president authority to restrict imports and impose tariffs if they are determined to harming USA security interests out... [Full Article...]

Average mortgage rate drops to 5-month low

Average mortgage rate drops to 5-month low The average USA mortgage rate fell below a key threshold of 4 percent this week, its lowest level in five months. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) decreased to its lowest level since November 2016, 4.15 percent, from 4.24 percent, with points decreasing to 0.23 from 0.28 (including the origination fee ) for 80 p... [Full Article...]

Sterling Soars; Stocks and US Dollar Off on Geopolitical Angst

The FTSE 100 fell 0.1 percent to 7,142.30 while France's CAC 40 rose 0.2 percent to 4,999.18 and Germany's DAX gained 0.2 percent to 12,025.24. All three major indexes .DJI .SPX .IXIC advanced about 0.9 percent overnight. The euro got extra support from the latest French election poll showing Macron leading ahead of the first round. The dollar index, which tracks the USA currency against a bas... [Full Article...]

New Zealand inflation hits 2.2% in first quarter, highest in five years

New Zealand inflation hits 2.2% in first quarter, highest in five years However, food prices were "unusually high" in the quarter. The kiwi was at 93.70 Australian cents from 93.59 cents yesterday and fell to 4.8439 Chinese yuan from 4.8470 yuan. For the major part of a year ago inflation remained outside the bank's target band of 3 percent and 6 percent. Alcoholic beverages and tobacco prices rose 4 percent on quarter in the March quarter, influenced by a 9.7 perce... [Full Article...]

United Kingdom government sells Green Investment Bank to Macquarie

United Kingdom government sells Green Investment Bank to Macquarie But the Government said today that under Macquarie's leadership the GIB "will invest more into the green economy than ever before". "The GIB has been very successful in attracting private capital to the UK's green economy". More broadly, Macquarie has led over £35 billion of investment in United Kingdom infrastructure, including the National Grid gas distribution networks, the Mersey Gateway Bridg... [Full Article...]

Kate Spade & Co (KATE) Posts Earnings Results, Misses Estimates By $0.06 EPS

The company's expected revenue in the current quarter to be 344.46 Million, seeing a projected current quarter growth of 36.4%, and per annum growth estimates over the next 5 year period of around 23.75%. Kate Spade shares did, however, start coming back to earth in early April, after Reuters reported the takeover process was bogged down , adding to the dismay of shareholders hoping to cash in o... [Full Article...]

Brewers use long ball to defeat Cubs

Brewers use long ball to defeat Cubs All the Cubs needed in that situation was a base hit, but Russell came through with a no-doubt-about-it three-run homer into a very strong wind blowing out off Neftali Feliz . Brewers: RHP Matt Garza (strained right groin) allowed five runs in 5 2/3 innings in a rehab start for Class A Wisconsin on Monday night. Chicago closed to within 2-1 on Ben Zobrist's two-out single in the bottom half... [Full Article...]

APNewsBreak: Baby orca! Last killer whale born at SeaWorld

She was pregnant for about a year and a half, according to SeaWorld, and was already carrying the baby when the company announced last March that it would stop breeding orcas in captivity. SeaWorld's chief zoological officer, Chris Dold, told The Associated Press by phone that the birth was one of those "extraordinary moments". It called on SeaWorld to "retire" Takara and her calf "to a seaside ... [Full Article...]

HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy'

It has a 10.91 P/E ratio. For business services customers, the Company provides cloud unified communications as a service solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network. [Full Article...]

Jefferies International Indicates Potential 14.29% Increase In Shares Of NMC Health PLC

The Company's divisions include Ruby Tuesday concept and Lime Fresh concept. Stock research analysts at Credit Suisse have GBX 1175.00 PT on RPC Group PLC (LON:RPC). It has a 24.59 P/E ratio. The firm owned 39,315 shares of the financial services provider's stock after selling 1,570 shares during the period. Other hedge funds and other institutional investors have also recently modified their ... [Full Article...]

American Express (AXP) Soars on Q1 Earnings and Revenue Beat

American Express (AXP) Soars on Q1 Earnings and Revenue Beat Results again were dragged down by the end of the company's relationship with Costco . Hedge funds and other institutional investors own 85.36% of the company's stock . A change of -1.15% in the price clearly indicates a strong asset performance for the corporation, bearing in mind the total returns from its investment and dividends or distributions obtained from the investment. [Full Article...]

Brokers Set Expectations for Washington Real Estate Investment Trust's FY2020 Earnings (WRE)

Brokers Set Expectations for Washington Real Estate Investment Trust's FY2020 Earnings (WRE) A number of other research analysts have also weighed in on WRE. Finally, Raymond James Financial, Inc. upgraded shares of Washington Real Estate Investment Trust from a market perform rating to an outperform rating and set a $35.50 target price for the company in a report on Monday, January 9th. [Full Article...]

OPEC sees rivals' oil output rising as it over-delivers on cuts

The government's Energy Information Administration (EIA) said on Tuesday that U.S. 2018 crude output would rise to 9.9-million barrels per day, from 9.22-million barrels per day in 2017. The increase is said to reflect growing demand from Asia, which is anticipated to lead oil demand growth. Meanwhile, Kuwait oil chief Essam al-Marzouq fuelled expectations that OPEC would reveal further cuts i... [Full Article...]

Hackers hit IHG hotels in Milford and CT

Hackers hit IHG hotels in Milford and CT There were 10 CT locations affected by the breach - the Holiday Inn locations in East Hartford, New London, and Norwich, and the Holiday Inn Express locations in Branford, Meriden, Milford, Mystic, Newington, Southington, and Vernon. InterContinental says that the investigation at all locations isn't yet complete, and to keep checking back. Cybersecurity analyst and reporter Brian Krebs, who... [Full Article...]

Trump's EPA to reconsider oil and gas emissions rule

Environmentalists say USS Lead Superfund in East Chicago , Indiana, is the poster child of environmental injustice. He met with residents and toured the complex where evacuations began previous year. Residents and their supporters railed against any cuts at EPA and demanded action to ensure those affected by the lead crisis are made whole as they prepared Wednesday for EPA Administrator Scott Pru... [Full Article...]

Markets Right Now: Stocks move higher at midday

Marathon Oil (NYSE:MRO) sank 3.72% to $15.16 and Occidental Petroleum (NYSE: OXY) gave up 1.15% to $61.98. Analysts also cited lingering worries about geopolitical issues, including Sunday's first round of the French presidential election which has implications for the future of the eurozone. [Full Article...]

The eBay Inc. (EBAY) Shares Sold by Fmr LLC

The eBay Inc. (EBAY) Shares Sold by Fmr LLC The company has a 1 Year high price target of $34.91. The Manufacturers Life Insurance Company acquired a new stake in shares of eBay during the third quarter worth about $164,893,000. If you are reading this article on another publication, it was illegally copied and reposted in violation of United States & global copyright laws. The correct version of this news story can be accessed at https... [Full Article...]


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