Markets
Westinghouse Electric filing for bankruptcy
- March 30, 2017
The struggles at WE were largely borne out of the world shying away from nuclear energy in the aftermath of the Fukushima nuclear disaster in 2011, caused by the Pacific quake and tsunami. The Apollo loan needs court approval and is expected to carry Westinghouse for a year, people familiar with the matter said. Cost overruns have dogged the two nuclear facilities under construction in the nation - Southern's Vogtle plant in Georgia and SCANA's V.C. (more...)
- March 30, 2017
The struggles at WE were largely borne out of the world shying away from nuclear energy in the aftermath of the Fukushima nuclear disaster in 2011, caused by the Pacific quake and tsunami. The Apollo loan needs court approval and is expected to carry Westinghouse for a year, people familiar with the matter said. Cost overruns have dogged the two nuclear facilities under construction in the nation - Southern's Vogtle plant in Georgia and SCANA's V.C. (more...)
Lights out across the globe for Earth Hour 2017
- March 30, 2017
The Tbilisi edition of the global date will focus on climate change - the theme of the 2017 Earth Hour. "Climate change affects everyone and it also has an impact on the continued success of our business". Eskom would like to encourage people to take action on climate change beyond this one hour and to make environmental conservation part of their daily lifestyles. (more...)
- March 30, 2017
The Tbilisi edition of the global date will focus on climate change - the theme of the 2017 Earth Hour. "Climate change affects everyone and it also has an impact on the continued success of our business". Eskom would like to encourage people to take action on climate change beyond this one hour and to make environmental conservation part of their daily lifestyles. (more...)
OPEC anticipate increase in world oil demand in 2107
- March 30, 2017
Goldman Sachs' Damien Courvalin reiterated the firm's view that the oil market is still rebalancing and is comforted by the fact that oil demand seems to be set up to surpass supply in the second half of this year. "Surplus inventories and rising US production may be more of a worry to them". U.S. West Texas Intermediate crude was up 99 cents at $48.71 and had also climbed more than $1 during Wednesday's trading. (more...)
- March 30, 2017
Goldman Sachs' Damien Courvalin reiterated the firm's view that the oil market is still rebalancing and is comforted by the fact that oil demand seems to be set up to surpass supply in the second half of this year. "Surplus inventories and rising US production may be more of a worry to them". U.S. West Texas Intermediate crude was up 99 cents at $48.71 and had also climbed more than $1 during Wednesday's trading. (more...)
Impax Laboratories, Inc. (IPXL), Southwestern Energy Company (SWN) — Names On Frontline
- March 30, 2017
RICE has been the subject of several other reports. Back on Feb 28, 2017, a downgrade report came from equity analysts at Bernstein who in their research findings assigned Mkt Perform rating on the stock. Williams Capital raised Rice Energy from a hold rating to a buy rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Tuesday, January 24th. (more...)
- March 30, 2017
RICE has been the subject of several other reports. Back on Feb 28, 2017, a downgrade report came from equity analysts at Bernstein who in their research findings assigned Mkt Perform rating on the stock. Williams Capital raised Rice Energy from a hold rating to a buy rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Tuesday, January 24th. (more...)
PM Netanyahu Welcomes New US Ambassador 'to Jerusalem'
- March 30, 2017
A draft statement to be put to an Arab summit Wednesday opposes plans by President Donald Trump to move Washington's embassy in Israel to Jerusalem and consider alternatives to a Palestinian state. "Israel is committed to working with Trump to advance peace with Palestinians", he vowed. Trump has already sought to create the conditions for negotiations to resume after a three-year hiatus. (more...)
- March 30, 2017
A draft statement to be put to an Arab summit Wednesday opposes plans by President Donald Trump to move Washington's embassy in Israel to Jerusalem and consider alternatives to a Palestinian state. "Israel is committed to working with Trump to advance peace with Palestinians", he vowed. Trump has already sought to create the conditions for negotiations to resume after a three-year hiatus. (more...)
Judge in Hawaii extends order blocking Trump's travel ban
- March 30, 2017
The implied message in the revised ban is like a "neon sign flashing "Muslim ban, Muslim ban" that the government did not bother to turn off, state attorney general Douglas Chin told the judge. His ruling came just hours before the federal government planned to start enforcing Trump's executive order. The state was joined by a new plaintiff named Ismail Elshikh, an American citizen from Egypt who is an imam at the Muslim Association of Hawaii and whose mother-in-law lives in Syria, according ... (more...)
- March 30, 2017
The implied message in the revised ban is like a "neon sign flashing "Muslim ban, Muslim ban" that the government did not bother to turn off, state attorney general Douglas Chin told the judge. His ruling came just hours before the federal government planned to start enforcing Trump's executive order. The state was joined by a new plaintiff named Ismail Elshikh, an American citizen from Egypt who is an imam at the Muslim Association of Hawaii and whose mother-in-law lives in Syria, according ... (more...)
Dakota Access loaded with oil under Lake Oahe
- March 30, 2017
District Court for the District of Columbia. "Energy Transfer Partners revealed the progress late Monday in a federal court filing". The neighboring Standing Rock and Cheyenne River Sioux tribes , who led the fight against the pipeline, have work to do to get back to normal. (more...)
- March 30, 2017
District Court for the District of Columbia. "Energy Transfer Partners revealed the progress late Monday in a federal court filing". The neighboring Standing Rock and Cheyenne River Sioux tribes , who led the fight against the pipeline, have work to do to get back to normal. (more...)
Friend: Chuck Berry's 1st album in decades is 'sensational'
- March 30, 2017
He continued: "We'll miss you, Chuck". Ehsaan Noorani of Shankar-Ehsaan-Loy fame, credited Berry as "the man who created rock n roll guitar", while singer Adnan Sami said he "learned so much about rock n roll from him". "My darlin', I'm growing old!" " Chuck Berry's life was a treasure and a triumph, and he'll never be forgotten", President Bill Clinton tweeted . (more...)
- March 30, 2017
He continued: "We'll miss you, Chuck". Ehsaan Noorani of Shankar-Ehsaan-Loy fame, credited Berry as "the man who created rock n roll guitar", while singer Adnan Sami said he "learned so much about rock n roll from him". "My darlin', I'm growing old!" " Chuck Berry's life was a treasure and a triumph, and he'll never be forgotten", President Bill Clinton tweeted . (more...)
Finance Sears is falling off a cliff (SHLD)
- March 30, 2017
In recent years, the only assurance of quality were Kenmore, Craftsman and Die Hard brands. Mike Van Der Linden, president of the San Jacinto Chamber of Commerce and a service technician for Sears , said if the Hemet store was closed, it would be devastating for the community. (more...)
- March 30, 2017
In recent years, the only assurance of quality were Kenmore, Craftsman and Die Hard brands. Mike Van Der Linden, president of the San Jacinto Chamber of Commerce and a service technician for Sears , said if the Hemet store was closed, it would be devastating for the community. (more...)
Westinghouse files for bankruptcy
- March 30, 2017
US regulators and countries around the world were then also evaluating other proposals for nuclear projects. "With the financial meltdown of Westinghouse , Toshiba also recently announced its plans to withdraw from foreign construction projects-a move that has far-reaching implications outside Japan and the US, such as the construction of three reactors in the U.K.at Moorside". (more...)
- March 30, 2017
US regulators and countries around the world were then also evaluating other proposals for nuclear projects. "With the financial meltdown of Westinghouse , Toshiba also recently announced its plans to withdraw from foreign construction projects-a move that has far-reaching implications outside Japan and the US, such as the construction of three reactors in the U.K.at Moorside". (more...)
3 storm chasers killed in Texas crash identified
- March 30, 2017
KLBK reported the three storm chasers were tracking a storm at the time of the crash. Kelley Gene Williamson, 57, of Cassville, Missouri, was driving the Suburban. Today's deaths marked the deadliest day in storm chasing since four storm chasers were killed on May 31, 2013 in a storm near El Reno, Oklahoma. Williamson's hobby got him a spot on the Weather Channel about two years ago, where he asked Yarnall to join him. (more...)
- March 30, 2017
KLBK reported the three storm chasers were tracking a storm at the time of the crash. Kelley Gene Williamson, 57, of Cassville, Missouri, was driving the Suburban. Today's deaths marked the deadliest day in storm chasing since four storm chasers were killed on May 31, 2013 in a storm near El Reno, Oklahoma. Williamson's hobby got him a spot on the Weather Channel about two years ago, where he asked Yarnall to join him. (more...)
Reuters/Ipsos poll: Republicans mostly blame Congress for healthcare reform failure
- March 30, 2017
The retreat on the party's top legislative priority so far this year was a jarring defeat for President Donald Trump and Republican leaders and raised questions about whether the GOP could muster the unity it will need on other issues. Blair said Trump saw, or at least re-framed, that 1991 bankruptcy as a win, even as he lost part of his stake in the hotel and had to sell his yacht and airline. (more...)
- March 30, 2017
The retreat on the party's top legislative priority so far this year was a jarring defeat for President Donald Trump and Republican leaders and raised questions about whether the GOP could muster the unity it will need on other issues. Blair said Trump saw, or at least re-framed, that 1991 bankruptcy as a win, even as he lost part of his stake in the hotel and had to sell his yacht and airline. (more...)
Leaders fail to make global trade decision at G20 meeting
- March 30, 2017
President of the German Central Bank Jens Weidmann, center, talks to US' Federal Reserve Board President Janet Yellen, left, and U.S. Treasury Secretary Steven Mnuchin during the G20 finance ministers meeting in Baden-Baden, southern Germany, Friday, March 17, 2017. (more...)
- March 30, 2017
President of the German Central Bank Jens Weidmann, center, talks to US' Federal Reserve Board President Janet Yellen, left, and U.S. Treasury Secretary Steven Mnuchin during the G20 finance ministers meeting in Baden-Baden, southern Germany, Friday, March 17, 2017. (more...)
OPEC compliance with oil curbs rises in March as UAE joins cut
- March 30, 2017
Disruptions to crude production in Libya added further support to oil prices. Media reports said Tuesday that production at the western Libyan fields of Sharara and Wafa has been blocked by armed factions, reducing the country's output by about one third. (more...)
- March 30, 2017
Disruptions to crude production in Libya added further support to oil prices. Media reports said Tuesday that production at the western Libyan fields of Sharara and Wafa has been blocked by armed factions, reducing the country's output by about one third. (more...)
Toshiba's Westinghouse files for bankruptcy
- March 30, 2017
SCANA Corporation to Hold Analyst Call on March 29, 2017 to Discuss Plans to Continue Work on the New Nuclear Project during a Transition and Evaluation Period Cayce, SC, March 29, 2017. The company claimed its operations in Asia, Europe, the Middle East and Africa would remain unaffected, with the company having secured $800m in debtor-in-possession financing to support the reorganisation. (more...)
- March 30, 2017
SCANA Corporation to Hold Analyst Call on March 29, 2017 to Discuss Plans to Continue Work on the New Nuclear Project during a Transition and Evaluation Period Cayce, SC, March 29, 2017. The company claimed its operations in Asia, Europe, the Middle East and Africa would remain unaffected, with the company having secured $800m in debtor-in-possession financing to support the reorganisation. (more...)
Kumar Mangalam Birla to head merged idea-Vodafone entity
- March 30, 2017
Vodafone Group PLC (VOD.LN) has reached a deal to merge most of its Indian operations with the country's third-largest mobile operator, Idea Cellular Ltd. Aditya Birla Group will own 26%, with the option to acquire more shares from Vodafone . The merged entity will have around a 406 million subscriber base, replacing the current dominant player Bharti Airtel (around 269 million customers). (more...)
- March 30, 2017
Vodafone Group PLC (VOD.LN) has reached a deal to merge most of its Indian operations with the country's third-largest mobile operator, Idea Cellular Ltd. Aditya Birla Group will own 26%, with the option to acquire more shares from Vodafone . The merged entity will have around a 406 million subscriber base, replacing the current dominant player Bharti Airtel (around 269 million customers). (more...)
After Merkel meeting, Trump says Germany owes "vast sums" to North Atlantic Treaty Organisation
- March 30, 2017
Since then, Trump's people have said that he didn't hear Chancellor Merkel but John Oliver wasn't buying it. However, most members fail to meet that target, and ultimately contributions are based on each country's capability. In a series of tweets , Trump also pressed Germany to pay more money to North Atlantic Treaty Organisation. Nunes said, but "the committee still has not received information requested from the Central Intelligence Agency and Federal Bureau of Investigation. (more...)
- March 30, 2017
Since then, Trump's people have said that he didn't hear Chancellor Merkel but John Oliver wasn't buying it. However, most members fail to meet that target, and ultimately contributions are based on each country's capability. In a series of tweets , Trump also pressed Germany to pay more money to North Atlantic Treaty Organisation. Nunes said, but "the committee still has not received information requested from the Central Intelligence Agency and Federal Bureau of Investigation. (more...)
US Congress votes to repeal Obama privacy protections
- March 30, 2017
The Republican-led U.S. House of Representatives voted 215-205 on Tuesday to repeal rules adopted a year ago by the Federal Communications Commission under then-President Barack Obama to require broadband providers to obtain consumer consent before using their data for advertising or marketing. (more...)
- March 30, 2017
The Republican-led U.S. House of Representatives voted 215-205 on Tuesday to repeal rules adopted a year ago by the Federal Communications Commission under then-President Barack Obama to require broadband providers to obtain consumer consent before using their data for advertising or marketing. (more...)
Westinghouse Hits Ch. 11, Reassesses Nuclear Projects
- March 30, 2017
Toshiba had acquired Westinghouse in 2006 for $5.4 billion. At the start of the 21st, its AP1000 reactor design - a pressurized-water unit created to be simpler and safer than earlier models - was the pick for the first new American nuclear projects commissioned since the 1970s. (more...)
- March 30, 2017
Toshiba had acquired Westinghouse in 2006 for $5.4 billion. At the start of the 21st, its AP1000 reactor design - a pressurized-water unit created to be simpler and safer than earlier models - was the pick for the first new American nuclear projects commissioned since the 1970s. (more...)
Trump's latest executive order dismantles Obama's climate change policies
- March 30, 2017
The order directs the Environmental Protection Agency to rewrite the Clean Power Plan , a federal rule that set targets for carbon emissions targets. The statement is at odds with mainstream scientific consensus and Pruitt's own agency. Critics, however, said rolling back Obama's Clean Power Plan is unlikely to result in a boost to production or to create substantial numbers of jobs. (more...)
- March 30, 2017
The order directs the Environmental Protection Agency to rewrite the Clean Power Plan , a federal rule that set targets for carbon emissions targets. The statement is at odds with mainstream scientific consensus and Pruitt's own agency. Critics, however, said rolling back Obama's Clean Power Plan is unlikely to result in a boost to production or to create substantial numbers of jobs. (more...)
Latest news
'Pharma bro' Martin Shkreli's trial starts today in Brooklyn, NY