Economy

Crude prices rise on signs of drop in global inventories

Crude prices rise on signs of drop in global inventories

Futures jumped as much as 2.4% in NY. Oil was up Wednesday ahead of USA production and stockpile data, after Iraq hinted at a possible extension of the current OPEC and non-OPEC production deal. November WTI Crude Oil settled at settled at $50.28, down $0.07 or -0.14% and December Brent Crude oil closed at $55.15, down $0.10 or -0.18%. Brent for November settlement advanced $US1.15 to end the session at $US56.29 a barrel on the London-based ICE Futures Europe exchange, the highest level ... Read More

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Toys

Toys "R" Us files for bankruptcy protection due to debt, relentless competition

Merchandise is sold in 885 Toys " R " Us and Babies " R " Us stores in the United States, Puerto Rico and Guam, and in more than 810 worldwide stores and over 255 licensed stores in 38 countries and jurisdictions. Similarly, KB Toys perished, and Toys "R" Us will likely limp along. Other signature elements of the Mastermind Toys shopping experience include knowledgeable staff; free in-store gift-wrapping; compelling promotions; and valuable social enterprise partnerships with organizations ... Read More

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CCleaner compromised by malware infection

CCleaner compromised by malware infection

Researchers at Talos , Cisco's threat intelligence team, said they discovered the malware after observing that data from CCleaner was being sent to an unknown IP address. "W$3 ith supply chain attacks, the attackers are relying on the trust relationship between a manufacturer or supplier and a customer", the Talos researchers noted. Read More

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Rohingya Muslims flee Myanmar amidst violence

Rohingya Muslims flee Myanmar amidst violence

The government has said that 176 out of 471, or 37.4 percent of all Rohingya villages were now empty of people, and an additional 34 villages were "partially abandoned". The group quoted Rohingya witnesses who described security officers and vigilantes using petrol or shoulder-fired rocket launchers to set homes alight, before firing on villagers as they fled. Read More

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Equifax's insurance is said likely inadequate against breach

Equifax's insurance is said likely inadequate against breach

Below are four steps to take following Equifax's data breach . The company discovered the hack on July 29 and publicly announced it more than a month later on Thursday. Several politicians and consumer groups have criticized this provision. Equifax released a statement on their website . There was a catch: the supposedly free service required credit card information up front and would begin charging the card after the free trial ended unless users proactively canceled, ... Read More

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Were Analysts Bullish Pennon Group plc (LON:PNN) This Week?

Were Analysts Bullish Pennon Group plc (LON:PNN) This Week?

RBC Capital Markets maintained RSA Insurance Group plc (LON:RSA) on Tuesday, July 28 with "Sector Perform" rating. Natixis maintained it with "Buy" rating and GBX 1660 target in Tuesday, October 27 report. Bancorp had 60 analyst reports since August 6, 2015 according to SRatingsIntel. Panmure Gordon maintained RPC Group PLC (LON:RPC) on Friday, September 18 with "Buy" rating. Read More

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Two new hurricanes form in the Atlantic

Two new hurricanes form in the Atlantic

Tropical Storm Katia formed early Wednesday off the coast of Mexico. The initial storm track shows the hurricane is several days away from possibly impacting any land. Jose has sustained winds of 75 miles per hour and was quickly strengthening. The National Hurricane Center has not issued any coastal watches or warnings. Read More

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Rudy resigns amid reports of likely reshuffle in Modi ministry

Rudy resigns amid reports of likely reshuffle in Modi ministry

According to reports from national media, Ministers Radha Mohan Singh, Giriraj Singh and Sanjeev Balyan too resigned and more resignations are expected to come in. The last Cabinet reshuffle took place in July previous year. Among ministers holding the additional portfolios include Smriti Irani, who was given the additional charge of Information and Broadcasting, after the elevation of M Venkaiah Naidu to the Vice President's post. Read More

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Petrol shortage hits America, fuel prices go up

The company's pipelines connect refineries along the U.S. Gulf Coast to markets in the Northeast, transporting more than 3 million barrels a day of gasoline, diesel and jet fuel. Shipments of gasoline by pipeline out of southeast Texas will be reduced, which means that areas along the Atlantic coast and in the Midwest that normally receive these supplies will have to buy from Europe, Africa or Canada, driving up costs and, ultimately, the pump price. Read More

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Governor requests federal emergency declaration for southwest Louisiana parishes

Governor requests federal emergency declaration for southwest Louisiana parishes

Gov. John Bel Edwards has requested that President Donald Trump issue a federal emergency declaration for Louisiana because of Tropical Storm Harvey . "We want to do it better than ever before", Trump said of the federal response during a meeting with local, state and federal officials. Rep. Clay Higgins, R-La., will also join efforts to get disaster funds if Louisiana needs it, said Andrew David, a spokesman for the congressman. Read More

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Qatar's Envoy Officially Resumes Activities in Iran

Qatar's Envoy Officially Resumes Activities in Iran

Qatar said in a statement that the move "expressed its aspiration to strengthen bilateral relations with the Islamic Republic of Iran in all fields". "The solution to the Gulf crisis is clear", he said. Unlike Riyadh, however, Doha had not cut all diplomatic ties with Iran. Tehran has called for dialogue between the two Arab sides to end the rift and has moved to meet Qatar's urgent needs by providing it with food and other supplies and allowing Qatari passenger planes to use air ... Read More

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Starting next week, Amazon is lowering prices at Whole Foods

Starting next week, Amazon is lowering prices at Whole Foods

Customers will be able to take advantage of lower prices on bananas, organic avocados, brown eggs, organic salmon, animal-welfare-rated 85% ground beef and other staple food items. Whole Foods has plans to expand to more items in the future. With the new details, Amazon is revealing some of its goals for this acquisition - including gathering customer information from Whole Foods' clientele. Read More

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Apple Officially Announces New Iowa Data Center

Apple Officially Announces New Iowa Data Center

Like Apple's other U.S. data centers , the Iowa one will produce 100 percent renewable energy, he said. The City of Waukee will manage the fund for, "parks, libraries and recreational spaces, as well as infrastructure needs". She defended the state's investments, telling reporters "these are credits, it's not a check" to attract a company willing to investment $1.4 billion in the first phase of a project that will boost Iowa's economy for the future. Read More

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Retail Sales Rise Three Times More Than Expected In June

Retail Sales Rise Three Times More Than Expected In June

Kleinhenz noted that rising home values are encouraging home-improvement spending and home-related retail purchases. Year-over-year growth was up 4 percent on a three-month moving average. However, cheap gasoline and falling sales of electronics and clothing items still weighed on sales last month. Sales also rose 1.2% at auto dealers, 1.2% at home and garden centers and even 1% at department stores that have been losing ground to Internet rivals. Read More

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GM slashed July rental vehicle sales, boosted commercial fleet

GM slashed July rental vehicle sales, boosted commercial fleet

After an unprecedented seven years of growth, analysts are predicting lower US sales this year. He said GM's decision to cut sales to low-profit rental auto fleets by 81 percent - or 11,200 vehicles - was a big factor. Ford shares were down three percent, and Fiat Chrysler was down 0.025 percent. "We're still operating at a very high level", LaNeve said. Fiat Chrysler said its sales fell by 10%. Read More

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