Markets
Crude Stocks Rise, Fuel Stocks Drop, Oil Prices Steady
EDT, while Brent rose 9 cents to $64.75 a barrel. US crude-oil production this year is expected to grow by 520,000 barrels a day from December 2017 to December 2018, while the average year-on-year growth is expected to reach 1.04 million barrels a day, mostly coming from shale, the report said. [Full Article...]
26-30 Railcard national trial launches but website struggles with demand
The main drawback is that there are only 10,000 railcards available, so you'll need to be quick to snap one up. Harriot Bishop wrote on Twitter: "Trying to get a 26-30 Railcard is about as painful as trying to get tickets for Take That's Progress tour in 2010 (and this is the least millennial reference you'll see on the subject today)". [Full Article...]
Toys 'R' Us to announce closure of stores nationwide, according to report
According to Jefferies analyst Stephanie Wissink, Toys R Us accounted for 15 to 20 percent of USA toy sales previous year. Company executives have said those stores would begin liquidating inventory in February and be closed by mid-April. The rumors of liquidation are still unconfirmed but anonymous sources have given confirmation to several news organizations like USA Today , and The Wall Stree... [Full Article...]
RBI bars banks from issuing LoUs in Nirav scam fallout
After the unearthing of the PNB fraud, an RBI notification last month said: "The risks arising from the potential malicious use of the SWIFT infrastructure has always been a component of their operational risk profile". In the aftermath of Punjab National Bank (PNB) fraud case, a couple of banks had clamped down on the issue of LoUs. By giving LoU, PNB agrees to repay the principal amount and in... [Full Article...]
Sealing: AAP, Congress to meet SC panel for amicable solution
Congress & AAP today sat together and praised each other's efforts". "This (sealing) is the biggest crisis in the lives of traders". "After this affidavit the Supreme Court expressed its concern over the intentions of Delhi Government and revived its Monitoring Committee to curb the growing menace of unauthorized construction, " he said. [Full Article...]
Puppy Dies After Flight Attendant Insists On Stowing Him In Overhead Luggage
In Monday's episode, the pet owner discovered her dog was dead shortly after the plane landed at La Guardia Airport. United Airlines said they take full responsibility for the incident. United have offered to pay for a necropsy of the small dog and issue a full refund on flight tickets. "My heart is broken", Gremminger tweeted along with photo of the passenger. [Full Article...]
VW to build EVs at 16 factories by 2022
VW's emissions scandal, new Chinese quotas for electric cars and tightening rules on carbon dioxide (CO2) emissions in Europe are causing automakers to focus on green cars and self-driving technology. In an interview with Reuters TV, Mueller denied top management had a pessimistic view on VW's business prospects in 2018, but said potential bottlenecks as carmakers rush to get models through new ... [Full Article...]
B. Riley Comments on Physicians Realty Trust's Q1 2018 Earnings (NYSE:DOC)
The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.57. About 266,391 shares traded. Several research analysts have recently issued reports on ADC shares. (NYSE:DCT) on Friday, November 3 with "Hold" rating. Canaccord Genuity maintained it with "Buy" rating and $12300 target in Friday, July 21 report. [Full Article...]