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Notes Ban 'Biggest Scam'; Congress Asks PM Modi To Apologise

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The government had initially estimated about Rs5 trillion wouldn't be declared following the sudden move on 9 November, indicating that this was cash stashed away illegally to avoid tax. Reserve Bank of India ( RBI ) Governor Urjit Patel appeared before a probing parliamentary panel several times, but the total number of demonetised currency notes deposited in banks remained elusive for long. Read More »

Dow, DuPont merger finally done after almost 2 years

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The new company will begin trading Friday under the stock symbol DWDP. "We are extremely excited to complete this transformational merger", DowDuPont Executive Chairman Andrew Liveris said in a statement. They will include an agriculture company with $19 billion in revenue, a material science company with $51 billion in revenue and a specialty products company with $13 billion in revenue. Read More »

HPE, Micro Focus merger complete

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The company's institutional ownership is monitored at 84.4 percent. Hewlett Packard Enterprise (NYSE: HPE ) today declared that the company has completed the spin-off and subsequent merger of its software business with Micro Focus International plc (LSE:MCRO) (NYSE:MFGP), a leading global enterprise software company headquartered in Newbury, U.K. Read More »

Gas prices have spiked 10 cents since Harvey hit

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Today it ships more than 6 million barrels a day of crude and fuels, an increase driven by a boom in shale production, the end of a ban on crude exports and the expansion of several refineries. Louisiana is home to about 3.3 million barrels of daily capacity; Texas has about 5.6 million barrels. The area near the Louisiana line has 1.65 million barrels a day of refining capacity, according to Andy Lipow, president of Lipow Oil Associates LLC. Read More »

Dollar General Corporation Plans Dividend For The Latest Quarter of $0.26

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Ltd. now owns 44,898 shares of the company's stock valued at $3,131,000 after buying an additional 1,537 shares in the last quarter. 24 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 5962.05 million while high and low sale targets are estimated at 6091 million and 5777 million respectively. Read More »

Futures flat as Hurricane Harvey weighs on oil, dollar

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Energy analysts said they anticipated potential long-term effects from the historic storm. Parts of the refinery were flooded after more than a foot of rain. "Port Arthur seems to be in the cross-hairs", Bob Yawger, director of the futures division at Mizuho Securities USA Inc in NY, said in a telephone interview. Read More »

Share Activity Lifted for Polymetal International PLC (POLY.ME) in Session

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The correct version of this report can be accessed at https://weekherald.com/2017/09/01/barclays-plc-cuts-marks-and-spencer-group-plc-mks-price-target-to-gbx-370.html. Cowen & Co maintained Infoblox Inc (NYSE:BLOX) on Thursday, May 26 with "Outperform" rating. Nine research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Read More »

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

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Gas stations will eventually have to respond by jacking up prices on consumers, at least temporarily. In fact, as the world's largest refined product exporter, disruptions in the USA will be felt around the world. Around 2 million barrels per day of refining capacity were estimated to be offline as a result of the storm. Now, those high oil inventories are providing a helpful cushion in the aftermath of Harvey. Read More »

Couple suing Amazon over defective eclipse glasses that damaged their eyes

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District Court in Charleston this week. Amazon.com, Inc. (NASDAQ:AMZN) has found itself in a legal conundrum after a SC couple filed a class action suit alleging that the company sold them faulty solar eclipse glasses. Genuine eclipse-viewing glasses would not let any light through from regular lamps and they also contain an ISO certification number from the global safety standards. Read More »

Offaly people can now avail of €6500 scrappage for old cars

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While £1,800 could be saved on a new Up! city vehicle, as much as £6,000 can be saved on a new Sharan . VW also says that larger discounts were available for the purchase of electric and hybrid models because they could be combined with existing Government grant offers. Read More »

United Technologies' avionics bid looks airworthy

Janney Capital Management LLC raised its position in shares of Rockwell Collins by 0.3% in the second quarter. Sg Americas Ltd Liability Co holds 0.08% of its portfolio in Rockwell Collins, Inc. The ex-dividend date of this dividend is Thursday, August 10th. This dividend represents a yeild of $1.02 which is the dividend as a percentage of the current share price. Read More »

Harvey's impact: Lubbock gas prices will change, supply likely won't

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Crude prices dipped after the report , with US oil futures down 1.2 percent to $45.89 a barrel, and Brent off 1.4 percent, or 71 cents, to $51.29 a barrel, as of 10:39 a.m. The major pipeline operator said it will only resume using the pipeline once it knows its facilities are safe for operation. Total ( TOT ) and Marathon ( MRO ) said they were not able to refine any products as the plants were assessed and the damage was greater than they expected. Read More »

Eurozone unemployment rate steady at 9.1% in July

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The euro was on track for its biggest daily percentage drop against the U.S. dollar in almost four weeks, of about 0.7 per cent, putting it back below US$1.20 after touching a more than 2-1/2-year high of US$1.2069 Tuesday. Among the member states, the lowest unemployment rates in July 2017 were recorded in the Czech Republic (2.9%), Germany (3.7%) and Malta (4.1%). Another is that traders in EUR/USD are now focusing on the Dollar side of the equation ahead of Friday's US payrolls report. Read More »

Amit Shah's meeting with eight ministers fuels cabinet reshuffle buzz

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Five of the 8 ministers, including Arun Jaitley, Nirmala Sitharaman, Narendra Tomar, Jitendra Singh and PP Choudhury, are members of Gujarat poll panel. With the BJP chief appointing Union Minister of state for human resources development Mahendra Nath Pandey as the party unit chief for Uttar Pradesh, the Prime Minister Narendra Modi will need to find his replacement in the next Cabinet reshuffle. Read More »

Wells Fargo reveals more self-inflicted wounds

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About shares traded. ViaSat, Inc. It has underperformed by 7.03% the S&P500. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued. Pictet Financial Bank Tru invested in 47,885 shares. Among 2 analysts covering Jason Industries ( NASDAQ:JASN ), 2 have Buy rating, 0 Sell and 0 Hold. Read More »

May, Abe pledge to increase pressure on North Korea

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There has been speculation over a leadership challenge since her disastrous decision to call a snap election in June. Where did she go wrong? "I think colleagues may well be surprised by this interview and I think it is too early to be talking about going on and on, as Margaret Thatcher once said". Read More »

United States oil markets get shaken up after Hurricane Harvey makes landfall

Houston-area refineries began closing down on Sunday due to flooding, while refineries in Corpus Christie, located closest to Harvey's prime impact zone, were closing down at least 12 hours before the storm made landfall. Analysts expect the API to report another drawdown in oil inventories last week. Phil Flynn , senior market analyst for the PRICE Futures Group in Chicago, said in response to emailed questions that prices are down because about 16 percent of total US refining capacity is ... Read More »

Crude falls, gasoline surges as Harvey hits southern Texas

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Harvey is now moving back toward southeastern Texas and southwestern Louisiana, bringing six to 12 additional inches of rainfall with it, according to the National Weather Service. About 4.4 million barrels of USA refining capacity have been shut by Harvey, including the country's largest refiner, Motiva Port Arthur, which can process more than 600,000 barrels a day. Read More »

Face-saving deal not the end of China-India tussle

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The bloc's achievements to date include the US$100bn New Development Bank, opened in Shanghai in 2015 , and the US$100bn Contingency Reserve Arrangement, which provides emergency funds to member countries in sudden crises. "I am confident that the dialogue this year will also be a success and also help expand BRICS influence", he said. "Comprehensive and complementary development strategies will enable BRICS members and participants of "BRICS Plus" to conduct fruitful cooperation", he ... Read More »

Smart shows off autonomous Vision EQ ForTwo concept

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Smart has pulled the covers off its new autonomous Vision EQ ForTwo concept ahead of its official debut at the Frankfurt Motor Show next month. "In the future car-sharing users will not have to look for the next available vehicle - it will find them and collect passengers directly from their chosen location", Winkler says. Read More »

Gasoline surges, oil declines as Harvey shutters refineries

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Refineries with output of at least 4.4 million barrels per day (bpd) were offline on Tuesday, representing almost 24 percent of USA production, according to Reuters estimates and company reports. The refinery closures helped to push US gasoline futures to a two-year high of $1.7799 per gallon on Monday, though they had receded to $1.7466 by 1325 GMT on Tuesday. Read More »

Oil markets hit by Storm Harvey; US dollar extends fall

That means that no refined products or crude oil will be either imported or exported for the time being. Harvey isn't the first big storm to hit the refinery-rich Gulf Coast, but the oil industry has undergone big changes since the last major interruption from Hurricane Ike in 2008. Read More »