• Gasoline Price Surge Higher in Wake of Harvey
Gasoline Price Surge Higher in Wake of Harvey

USA gasoline futures on Tuesday rose 0.9 percent to $1.73 a gallon, and have jumped about 6 percent since last Wednesday's prestorm close. As of 10:40 a.m., USA gasoline futures were up almost 12 percent as traders reacted to news that the nation's largest refinery , the Motiva Enterprises facility in Port Arthur, Texas, could stay offli...

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  • FCT Police Assures Adequate Security For Eid-El-Kabir
FCT Police Assures Adequate Security For Eid-El-Kabir

The message reads: "Today is Eid-el-Kabir". He thanked all Nigerians who prayed for his recovery and those who had continued to extend their goodwill after his return from his medical vacation in London. Also, the Senate President, Bukola Saraki; and the Deputy President of the Senate, Ike Ekweremadu, on Thursday called on Nigerians to pray for N...

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  • Energy Secretary Rick Perry taps emergency oil reserve in wake of Harvey
Energy Secretary Rick Perry taps emergency oil reserve in wake of Harvey

According to the department, 400,000 barrels of sweet crude oil and 600,000 barrels of sour crude oil will be delivered via pipeline to the Phillips 66 refinery in Lake Charles, Louisiana . The release of 1 million barrels is the first tapping of the SPR, which now holds 679 million barrels of crude oil, for an emergency since hurricane Isaac in 2...

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  • Frontier Communications Corporation (FTR) Insider Trading: WESLOCK KATHLEEN sold 379 Shares
Frontier Communications Corporation (FTR) Insider Trading: WESLOCK KATHLEEN sold 379 Shares

RBC Capital Markets has "Hold" rating and $200 target. Cowen and Company lowered Frontier Communications Corporation from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $4.00 to $2.00 in a research report on Wednesday, May 3rd.

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  • Analyst Research and Recommendations: Cardinal Health, Inc. (CAH), Halliburton Company
Analyst Research and Recommendations: Cardinal Health, Inc. (CAH), Halliburton Company

It has outperformed by 78.88% the S&P500. Ben Gambill increased its stake in Halliburton Co ( HAL ) by 191.66% based on its latest 2016Q4 regulatory filing with the SEC. Its down 0.14, from 1.08 in 2016Q3. It improved, as 64 investors sold HAL shares while 301 reduced holdings. Perigon Wealth Management LLC raised its position in Halliburton by 0...

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  • Red Cross Seeks Volunteers
Red Cross Seeks Volunteers

People interested in donating to the Red Cross may donate online at www. redcross .org or call 1-800 RED CROSS (1-800-733-2767). There are many who feel compelled to help the afflicted in any way they can. "They keep using the words "unprecedented" and 'historic, '" Caliva said. The initial focus will be on providing items to meet basic needs, ...

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  • Trump repeats claim Mexico will pay for wall
Trump repeats claim Mexico will pay for wall

The White House previously has suggested that one possibility is a 20 percent tax on imports from Mexico. Watch the entire segment below, via CNN. "But he's not saying that Mexico is going to pay for it now", one reporter said. Towards the end of the event, for example, a reporter asked the American president about Finland's possible role in U....

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  • European stock markets open higher
European stock markets open higher

Gold XAU= steadied as the stronger dollar pushed bullion off Tuesday's 9-1/2-month high, but it remained firmly above $1,300 an ounce on renewed tensions between Washington and North Korea . European and USA bond markets have been caught this week between a stronger tone to economic data globally, putting upward pressure on yields, and concern abo...

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  • Lululemon athletica inc. (LULU) Releases FY18 Earnings Guidance
Lululemon athletica inc. (LULU) Releases FY18 Earnings Guidance

Stifel Nicolaus downgraded lululemon athletica from a "buy" recommendation to a "hold" recommendation and boosted their target price for The corporation from $60.00 to $66.00 in a note on Tue, Jul 25th. ILLEGAL ACTIVITY NOTICE: This story was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this news s...

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  • Gasoline futures soar above $2 amid Harvey-stoked shortages
Gasoline futures soar above $2 amid Harvey-stoked shortages

Restarts after a storm are especially unsafe times for refiners, though the Corpus Christi area received much less rain than the Houston metro area. As of 03:00 PM EDT, August 30, 10 refineries in the Gulf Coast region were shut down , according to public reports . That plant has not been hit by Harvey, which hammered Houston and the Gulf Coa...

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  • Oil falls as Harvey shuts 24% United States refining
Oil falls as Harvey shuts 24% United States refining

The storm has set a rainfall record for tropical cyclones in Texas, the National Weather Service said. Despite the downgrade in terminology, the destruction by the storm has been enormous. Meanwhile, 19.1 percent of natural gas production in the region, or 615.09 million cubic feet per day, has been shut in, BSEE said. As the United States is the...

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  • Russian manufacturing PMI falls to 51.6 in Aug
Russian manufacturing PMI falls to 51.6 in Aug

Futures prices for steel reinforcing bars used in construction have risen around 11 percent so far this month and 51 percent this year. It is speculation over future capacity cuts that has pushed up metal prices and industrial production, rather than stronger underlying demand, Julian Evans-Pritchard at Capital Economics, said.

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  • Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide
Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide

On Thursday, the U.S. Energy Department said it would release 500,000 barrels of crude oil from the Strategic Petroleum Reserve to supply the refineries that are still running in an effort to stem fuel shortages. "Severe flooding due to tropical storm Harvey is affecting refinery capacity and therefore crude demand", ANZ bank said. Valero stopped...

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  • Canadian-owned refineries expected to register higher profits amid Gulf Coast disruption
Canadian-owned refineries expected to register higher profits amid Gulf Coast disruption

International Brent crude futures closed up 0.2 percent to $52.00 a barrel, U.S. West Texas Intermediate ( WTI ) crude edged down 0.3 percent to $46.44 a barrel, Reuters reported. Gasoline settled up 25.52 cents, or 13.54 per cent, at $2.1399. Refineries with output of at least 4.4 million barrels per day (bpd) were offline on Tuesday, repres...

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  • Canadian-owned refineries expected to register higher profits amid Gulf Coast disruption
Canadian-owned refineries expected to register higher profits amid Gulf Coast disruption

International Brent crude futures closed up 0.2 percent to $52.00 a barrel, U.S. West Texas Intermediate ( WTI ) crude edged down 0.3 percent to $46.44 a barrel, Reuters reported. Gasoline settled up 25.52 cents, or 13.54 per cent, at $2.1399. Refineries with output of at least 4.4 million barrels per day (bpd) were offline on Tuesday, repres...

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  • USA natural gas futures up as Tropical Storm Harvey hits production
USA natural gas futures up as Tropical Storm Harvey hits production

Two refineries are operating at reduced rates, and the department is monitoring petroleum supplies. The disruption has been made worse as the Colonial Pipeline, the biggest US fuel system, is set to shut its main lines to the Northeast by Thursday due to outages at pumping points and lack of supplies from refiners.

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  • Citrix Systems, Inc. (CTXS) Stake Cut by Whalerock Point Partners LLC
Citrix Systems, Inc. (CTXS) Stake Cut by Whalerock Point Partners LLC

Wells Fargo initiated Citrix Systems, Inc. The stock rose 3.38% or $9.92 reaching $303.5. The company is so far trading up from yesterday's close of $76.99. Also, the Hold rating count is 0 as of 08/30/17. United Fincl Advisers Limited Liability Corp invested 0.01% of its portfolio in Citrix Systems, Inc.

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  • Instagram Stories arrive on desktop, mobile web uploading inbound
Instagram Stories arrive on desktop, mobile web uploading inbound

When logged into Instagram.com on a mobile web browser, you will now see stories at the top of your feed just like in the app. Though there's been some backlash about the "Stories" format showing up everywhere these days - from Facebook to Skype and even on dating apps - on Instagram, it makes more sense.

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  • Crude Oil Drops To Lowest Since July 21
Crude Oil Drops To Lowest Since July 21

OPEC output this month also fell 170,000 bpd from a 2017 high, a Reuters survey found, as renewed unrest cut supplies in Libya and other members stepped up compliance with a production-cutting deal Analysts called the status of US refineries a key to oil prices.

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  • As Harvey Wreaks Havoc, European Refiners Set to Benefit
As Harvey Wreaks Havoc, European Refiners Set to Benefit

Gulf Coast. Olivier Jacob from consultancy Petromatrix said USA gasoline prices were trading at levels normally equivalent to oil prices of around $84 per barrel, whereas Brent and WTI crude futures are actually at $51 and $46 per barrel respectively.

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