Markets
Uber Founder Resigns After Investors' Outrage Over Workplace Culture
Immelt withdrew earlier today when it became clear he didn't have enough votes, according to the NYT . While the Board was reportedly in favour Hewlett Packard Enterprise Chief Meg Whitman taking over, they finally decided on Khosrowshahi for the position of CEO. [Full Article...]
Oil rises, gasoline gains ease ahead of hurricane
Hurricane Harvey may achieve in global crude oil markets in a few days what OPEC and its allies have struggled to achieve in months - a tightening of supplies and a rise in prices. But some analysts have been less optimistic on the data, especially as USA production has risen and refiners prepare for a period of maintenance. Harvey also continued to take a toll on US air travel Saturday, with mo... [Full Article...]
Hurricane Harvey Has Knocked Out 25 Percent of Gulf Gas Production
Gulf of Mexico production. Hurricane Harvey rapidly intensified overnight Thursday, spinning into the potentially biggest hurricane to hit the mainland United States in dozen years with landfall in refinery alley near Houston and Corpus Christi in Texas. [Full Article...]
U.S. broadcaster CBS to buy Australia's Ten Network
New York-based CBS had "entered into binding transaction documents" to buy the network's owner, Ten Network Holdings Ltd., administrator KordaMentha said in a statement . CBS will leverage Ten's digital assets to launch their digital subscription video on demand service, CBS All Access , the company said. The New York-based company has been going since 1927, with more than 240 television stati... [Full Article...]
13 arrested during tense protests in Berkeley
The city and the police department had prepared for protests by erecting a chain-link fence around the park, according to the San Francisco Chronicle , and had also set up barriers to keep protesters away from residential streets with a "one-block buffer zone". [Full Article...]
British police issue warning after chemical 'haze' on Sussex coast
Jonathan Hill tweeted: "Thought it was hay fever to start with until we were told to close all windows and doors just now!" East Sussex fire and rescue service said the "chemical incident" was ongoing. Sussex Police said the haze is spreading eastwards, towards Bexhill and Hastings. Sussex Police advice is to remain indoors and keep all doors and windows shut . [Full Article...]
Crude prices move higher as markets brace for Hurricane Harvey
Gulf Coast. While some oil and gas production has shut in the Gulf, the storm is bearing down on an area in the US state of Texas that is home to much of the nation's refining capacity. ET (10:30 GMT), up around 33 cents or 0.70%. It is now taking aim between Houston and Corpus Christi on the coast of Texas. Flint Hills Resources already announced that it would shutter a refinery and Valero En... [Full Article...]
Insider Trading at Advanced Micro Devices Inc.?
M Partners maintained the shares of AMD in report on Wednesday, July 19 with "Hold" rating. Tuttle Tactical Mngmt Limited Liability Company has invested 0.4% in Advanced Micro Devices, Inc . After a recent spot-check, the stock has touched $12.43 which represents a change from the open of -0.64%. The shares were sold at an average price of $525,600,000.00, for a total transaction of $21,024,000... [Full Article...]