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Buffett becomes Bank of America's top shareholder

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Buffett had preempted the conversion of shares by saying he would do so as soon as the stock price was high enough to make holding common stock more attractive than the dividend payments from the preferred shares. The announcement was made after USA markets closed. Kraft Heinz withdrew its proposal for a $143 billion merger with larger rival Unilever Plc, the companies said in February. Read More »

Lookout for Price Target? Chevron Corporation (CVX), QEP Resources, Inc. (QEP)

The stock has "Buy" rating by Jefferies on Tuesday, August 29. SunTrust upgraded Assurant, Inc. Amer Registered Investment Advisor Inc accumulated 21,390 shares or 1.14% of the stock. The average 1-year price target for (WU) reveals an average price target of $20.17 per share. 23 funds opened positions while 32 raised stakes. The Relative Volume of the company is 0.97 and Average Volume (3 months) is 5.05 million. Read More »

Harvey victims say stores are price-gouging on gas and drinking water

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Now, a Houston convenience store has began charging $20 a gallon for gas, according to the Texas Attorney General's office. To view the full article, register now. Some businesses were even gouging evacuees on water as well, charging anywhere from $42 to $99 for a case of bottles. Kitzman said the company does not have pricing in its computer system for cases of water. Read More »

NTPC OFS for retail investors open today

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The stake sale in NTPC is a part of divestment programme announced by the government in the Union Budget FY18. The OFS issue will be open to retail investors on Wednesday, the last day of the sale. While an increase in availability of coal over the past two years helped India boost output, a slump in renewable energy tariffs shifted demand for power to alternative modes of production. Read More »

Wall Street rises after Yellen speech

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In his speech at a symposium of central bankers at Jackson Hole, Draghi held back from talking down the currency, sending the euro to a 2-1/2-year high against the dollar. Draghi made equally few waves in his speech, warning of the creeping move in developed nations towards protectionism, but steering clear of addressing when the European Central Bank may wind down a post-crisis bond-buying stimulus programme. Read More »

Auburn player asks for prayers for flooded hometown in Texas

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A vehicle drives past oil storage tanks through floodwaters from Hurricane Harvey in Texas City, 55 miles southeast of Houston, on August 29, 2017. "While the refinery is dealing with some water within the plant and localized road flooding, our employees are making extraordinary efforts to allow Motiva to continue to safely operate the refinery", it added. Read More »

Lufthansa wants Air Berlin long-haul planes

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At least half a dozen bidders for Air Berlin's assets are now racing to submit offers by a mid-September deadline, with around 140 leased aircraft and valuable take-off and landing slots in Germany up for grabs, among other. This would make Lufthansa "not just a German champion but a German monster who will increase the cost of air travel for millions of Germans for the next 10, 15, 20 years". Read More »

Where Technical Charts Stands for Domino's Pizza, Inc. (DPZ)

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Therefore 0 are positive. Over the past 50 days, Domino's Pizza, Inc .'s stock is -19.25% off of the high and 1.78% removed from the low. Alum. Corp China had 3 analyst reports since August 31, 2015 according to SRatingsIntel. Toronto Dominion Bank increased its position in Domino's Pizza by 12.2% in the second quarter. Sold All: 29 Reduced: 119 Increased: 97 New Position: 60. Read More »

Area refineries hunkering down for Harvey may haunt you at the pump

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US traded crude-oil futures were off 0.5% at $47.42 a barrel. The flooding has interrupted 16% of USA refining capacity, or about 785,000 gallons of gas lost each day, according to Goldman Sachs. Earlier forecasts showed Harvey staying clear of refineries in the Houston area, but the storm still threatened plants in the Corpus Christi region. Read More »

Woman Tells Why She Threw Cup of Urine on DC Bus Driver

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But the Amalgamated Transit Union Local 689, the union that represents Metro bus drivers, said in a statement Tuesday they believe Metro should seek out input from workers and the union to find ways to improve the design of the shields and take other steps to prevent assaults on operators. Read More »

Best Buy says $42 packs of water at Houston store a mistake

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A photo from the Cypress store went viral Tuesday (Aug. 29), after price tags showed cases of Dasani water priced at $42.96 and SmartWater cases at $29.95. Grit Post reports that the Texas Attorney General has received hundred of complaints about price-gouging in the wake of Hurricane Harvey . "One Houston resident sent me a pic of water he saw being sold for *$42 a href="http://gritpost.com/best-buy-apology/" rel="nofollow" target="_blank" *GritPost.com news website: "Unfortunately, ... Read More »

Investment Research Analysts Opinion: EQT Corporation (EQT), EnLink Midstream Partners, LP (ENLK)

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Toronto Dominion Savings Bank owns 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 102,012 shares. The Hilton Capital Management Llc holds 222,546 shares with $16.83 million value, down from 227,806 last quarter. Therefore 50% are positive. PDC Energy had 60 analyst reports since August 10, 2015 according to SRatingsIntel. Northland Capital maintained Callidus Software Inc. Read More »

Origin Energy Ltd (ORG.AX) Needle Moving 1.59%

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Fort Washington Investment Advsrs Oh accumulated 175,281 shares or 0.22% of the stock. Its down 10.35% from 2.66 million shares previously. Morgan Stanley (NYSE:MS) has risen 57.08% since August 30, 2016 and is uptrending. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. Among 8 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating , 1 Sell and 4 Hold. Read More »

GDP Growth Revised Upward to 3% for Q2

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For the first quarter of 2017, the percentage change in real GDI was revised from 2.6% to 2.7%. "If not for the uncertain impact of Harvey, we would be tempted to raise our current 2.4% estimate for Q3 GDP growth", he says in an economics update . Read More »

Union Cabinet approves ordinance making luxury cars, SUVs more expensive

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Total of Rs 92 ,283 crore has been collected via GST by the Income Tax Department, and this news was shared by Finance Minister Arun Jaitley himself. "Though the volumes in the luxury vehicle industry in India is small at just 1 per cent of the overall auto sales in the country, its contribution in value terms is significant at over 10 per cent". Read More »

Google Assistant Coming To More Third-Party Hardware

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Inside this speaker you'll find two 20mm tweeters paired with an 8cm woofer to round out the base. And Microsoft announced it's teaming up with Harman Kardon on a smart speaker that uses Cortana. The speaker features touch controls if you'd like to control your music more directly. Of course, when it comes to a smart speaker, its listening abilities are just as important as its aural ones. Read More »

FDA approves breakthrough treatment for dire cancers

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The Food and Drug Administration has approved the first gene therapy in the USA, a long-heralded move for a promising method to combat cancer . In a call with analysts, Novartis execs said it would keep the price well below the high end, setting the cost at $475,000 for a drug that will be available in 20 centers within one month, and 35 soon after. Read More »

Oil prices gyrate as market grapples with United States hurricane damage

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Among the plants being shut down was Exxon's 560,500-barrel per day facility in Baytown, which is the second-largest oil refinery in the US after Port Arthur. Motiva has already been reducing production at the 603,000 barrel per day (bpd) Port Arthur, Texas, refinery as flood waters continued to inundate the area. Read More »

Bad Brexit customs deal 'will mean gaps on United Kingdom shop shelves'

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It added that a post-Brexit system needed to ensure products can continue to be imported "without delays, disruption or additional costs, which would affect availability on the shelves, increase waste and push prices up". Ms Dickinson said measures put in place before the pound's sharp fall a year ago to smooth out the effect of currency volatility were now coming to an end - leaving retailers little option but to pass on the higher cost of imports. Read More »

How high gas prices rise depends on state of refineries

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Still, Delaware gas price average, as of August 30, was up to $2.30 per gallon, up five cents overnight and nine cents on the week (since August 23). "People are still going to be hitting the road this weekend, and prices would normally rise due to supply and demand", Mac said. "One of the trickier challenges is the human impact", said Regina Mayor, global head of energy at KPMG who is based in Houston. Read More »

Hurricane Harvey likely to effect Wisconsin gas prices

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Approximately a quarter of oil refining capacity in the Gulf Coast was taken offline, according to forecasts by Oil Price Information Services. Including the change in gas prices in IL during the past week, prices Monday were 0.9 of a cent lower than one year ago and more than 5 cents higher than a month ago. Read More »

Local Coast Guard rescue crews headed to Texas for Harvey relief efforts

As of 10:00 p.m. Monday night , the National Hurricane Center places Tropical Storm Harvey 70 miles (110 kilometers) East of Port O'Connor, Texas and about 145 miles (235 kilometers) Southwest of Port Arthur, Texas. There's absolutely no doubt that members of the U.S. Coast Guard are heroes. As Hurricane Harvey approached the Gulf Coast of Texas last week, various authorities had warned Texans to stay off the water. Read More »

President Trump declares state of emergency for Louisiana

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The Federal Emergency Management Agency projects the amount available for disaster relief will be about $1.5 billion by September 30, considerably less than what Texas and Louisiana are expected to need in the aftermath of Harvey. Trump's May budget recommendation included cuts for some of the agency's disaster mitigation programs. Brown quit his post shortly after that over what was viewed as a mishandling of the federal response to Katrina. Read More »