Markets
Anheuser-Busch stops beer production to can water for Harvey victims
The Cartersville location, which opened in 1993, serves Georgia, Alabama, Florida, Tennessee and SC. Two more truckloads containing more than 100,000 cans are being sent to Arlington, Texas ― making the total amount of cans more than 155,000. [Full Article...]
Traders Secrets on Microsoft Corporation (MSFT), Facebook, Inc. (FB)
The company has a market capitalization of $560.22 billion, a price-to-earnings ratio of 26.839 and a beta of 1.01. The stock declined 0.27% or $0.36 reaching $130.68 on the news. Shares for $207.65M were sold by GATES WILLIAM H III on Monday, May 1. Over the past 50 days, Microsoft Corporation stock's -2.15% off of the high and 7.06% removed from the low. [Full Article...]
About 22% of US Gulf Oil Output Offline Due to Harvey
The US National Hurricane Center said Harvey was moving away from the coast but was expected to linger close to the shore through Tuesday. OPEC and 10 producers outside the cartel, including Russian Federation, agreed since the start of the year to slash 1.8 million barrels per day in supply until March 2018 in order to reduce a global supply glut and rebalance the market. [Full Article...]
Manufacturers' plan to suspend plastic bags ban fails
In their petition, KAM argued that the gazette notice issued in March this year on the ban of plastic bags is tantamount to economic sabotage to Kenyans who have either invested heavily or depend on plastics bags for a living. Samuel Matonda, spokesman for the Kenya Association of Manufacturers, said it would cost 60,000 jobs and force 176 manufacturers to close. Animals often graze on the rubbi... [Full Article...]
Kansas City area gas prices see spike after Hurricane Harvey
In Maine, the average price was $2.36 per gallon, up 1.1 cents from the previous week. Precision Drilling (TSX:PD) CEO Kevin Neveu, who splits his time between Alberta and Texas, said his house in the Houston suburbs is dry so far but flooding has damaged the homes of at least five of his company's 300 Houston-area employees. [Full Article...]
Coca-Cola Company (The) (KO) Stake Decreased by Capital One National Association
Lincoln National Corp who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $194.20B market cap company. The stock increased 0.35% or $0.22 on August 25, reaching $62.9. The New York-based Mendon Capital Advisors Corp has invested 0.41% in the stock. Spot Trading Limited Liability holds 0.32% or 621,425 shares in its portfolio. [Full Article...]
Wall Street Gets Bullish as Plains All American Cuts Distributions and Debt
Advisory Research Inc sold 4.29 million shares as the company's stock declined 10.37% while stock markets rallied. Investors sentiment decreased to 0 in 2016 Q4. 86 funds opened positions while 165 raised stakes. (NYSE:AVP) for 2.32 million shares. Moreover, Financial Bank Of The West has 0.23% invested in Micron Technology, Inc. [Full Article...]
WARR Hyperloop Wins 2nd Round Hyperloop Competition With 201 MPH Top Speed
In a post on Twitter, Musk revealed a rather impressive video of the WARR pod in action. The Paradigm Hyperloop pod was designed by students from Memorial University and College of the North Atlantic in Newfoundland and Labrador, as well as students from Northeastern University in Boston. [Full Article...]