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Oil slides as gasoline inventories build

Oil slid more than 1 percent on Wednesday, after USA data showed a counter-seasonal build in gasoline inventories and a smaller-than-expected decline in overall crude stocks coupled with another rise in domestic crude production. Output in the lower-48 states rose 21,000 barrels a day to 8.72 million, also the highest since August 2015. Of course, to reach those levels, the production cuts will need to be extended past June. Read More »

Fresno suspect likely to be arraigned Friday

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Muhammad is facing four counts of murder and two counts of attempted murder, police said. Muhammad on Tuesday first walked up to a utility truck and shot a Pacific Gas & Electric Co. Gassett was shot as he was walking away from Catholic Charities with a bag of food, said his mother, Rosie Wagner. The shootings occurred within a block-and-a-half of each other, Dyer said. Read More »

Foreign carmakers embrace China as electric car development hub

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Lincoln said the MKZ will go on sale this year in China starting at 329,800 yuan ($47,900). "The biggest worries for people buying an electric vehicle are lack of convenience for charging and the miserable range most electric cars have", said Zhang Xin, an independent auto industry analyst. Read More »

Delta Air Lines, Inc. (NYSE:DAL) & Nike Inc (NYSE:NKE) Traders Recap

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A rating of 1 would be equivalent to a Strong Buy, and a rating of 5 would indicate a Strong Sell rating. During the same quarter in the prior year, the company posted $1.32 earnings per share. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Delta Air Lines , Inc. Major Airlines has a PEG of *TBA alongside a PS value of 0.82 and a PB value of 2.49. Read More »

Analysts At N+1 Singer Reiterated Fenner PLC (LON:FENR) As Buy

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The company has market cap of $2.17 billion. The Firm offers a range of products for men and women. The Firm operates through three divisions: SGK Brand Solutions, Memorialization and Industrial Technologies. Royal Bancorp Of Canada holds 200 shares or 0% of its portfolio. Highlander Capital Mngmt Ltd Co invested in 0% or 500 shares. (NASDAQ:WLDN). Dimensional Fund Advsrs L P invested in 0% or 302,315 shares. Read More »

Oil Stocks Collapsing Under the Crude Selloff

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In London, June Brent crude LCOM7, -3.75% on the ICE exchange shed 16 cents, or 0.3%, at $54.73 a barrel. Although crude inventories fell by 840,000 barrels in the week to April 14 to 531.6 million barrels, they held near record highs, while gasoline stocks rose by 1.4 million barrels as refinery runs increased by 334,000 bpd. Read More »

Netflix shares on track for worst day in five months

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Netflix (NASDAQ:NFLX) shares jumped sharply despite lower than expected results for the first quarter. The service grew by 5 million subscribers during the first three months of 2017, and is to finish the year with 100 million customers in 190 countries . Read More »

Saudi Arabia said to reduce oil output to lowest since January

Gulf Coast in recent weeks, according to U.S. government data. OPEC members have previously said they lean toward oil cut extensions, so long as non-members are also involved. The group is scheduled to gather in Vienna on 25 May. West Texas Intermediate for May delivery rose as much as 38 cents to $52.62 a barrel on the New York Mercantile Exchange and was at $52.38 at 12:21 p.m.in Hong Kong, on course for its highest close since March 7. Read More »

Brazil's economy projected to rise in 2018, but not without reforms

She said: "Despite predictions of immediate financial and economic danger, since the referendum we have seen consumer confidence remain high, record numbers of jobs, and economic growth that has exceeded all expectations". "At the same time, a combination of adverse weather conditions and civil unrest threaten several low-income countries with mass starvation". "Whether the current momentum will be sustained remains a question mark", Obstfeld said. Read More »

Greens miss mark for full BC election slate

With the provincial election now just three weeks away, a new poll has the BC Liberals and Greens chipping away at the BC NDP's lead. NDP Leader John Horgan says he wants the project sent to the B.C. "It means being ready to meet increasing demand as Canada's leading economy continues to grow". "We're going to go out and engage with people", Horgan said Wednesday. Read More »

United chief met Chinese officials over dragged passenger

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United Won't Use Police To Pull Paid Passengers From Flights, Airline CEO Says: VIDEO: United CEO Oscar Munoz called Sunday's incident on a flight out of Chicago a "system failure" during an ABC News interview. United announced late last week that it would stop the practice of involuntarily removing passengers from planes once they'd boarded, as was the case on Flight 3411. Read More »

Parametrica Management Ltd Invests $440000 in Blue Buffalo Pet Products Inc (BUFF)

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A number of brokerages have recently issued reports on BUFF. Oppenheimer Holdings Inc. reissued an "outperform" rating and set a $29.00 price objective on shares of Blue Buffalo Pet Products in a research note on Thursday, February 9th. BlackRock Institutional Trust Company N.A. raised its position in Blue Buffalo Pet Products by 68.0% in the third quarter. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and worldwide ... Read More »

European Union calls on Turkey to investigate referendum fraud allegations

He added that he would approve reinstating the death penalty if it was supported in a referendum or a bill was submitted through parliament, a move that would end Turkey's European Union negotiations. Tana de Zulueta, head of the observer mission, told reporters that the group had paid a courtesy call and held a "cordial" meeting with electoral board members. Read More »

China Defends Trademark Grants For Ivanka Trump Products

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But the couple's vast financial holdings and business ties-their ethics filings recently showed that they are still benefiting from a real estate and investment business worth up to $740 million-have ethics lawyers foaming at the mouth. The biggest joke is how is how it has continued to run outside interests like hotels and a clothing label (I'm looking at you, Ivanka!) while also fake-running the country. Read More »

Exxon seeks OK to resume Russian oil venture

Exxon Mobil is seeking permission from the US government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft, according to a person familiar with the matter. The Treasury Department's Office of Foreign Assets Control can issue waivers to enable companies to dodge sanctions, but the matter is likely to be scrutinized in Congress and other corridors in Washington, D.C., because it comes at a time of deep distrust between the United States and the ... Read More »

United Airlines passenger taking legal action

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Asked if he would stand down, Mr Munoz said: "No". Munoz's somber contrition was a far cry from earlier statements in which he described Dao as "disruptive and belligerent" for refusing to give up the seat he had paid for to accommodate other United crewmembers. Read More »

Saudi Announces Intention To Extend Production Cut Agreement

The group's in-house analysts peg demand for the group's crude at 32.2 million bpd in 2017, suggesting bulging global inventories should start to tighten this year if their assessment is correct and output levels are maintained, even as a recovery in prices has spurred a jump in production from the United States shale patch. Read More »

Japan to 'exercise pressure' on North Korea

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On Tuesday, Pence said during a joint press conference with Japanese Deputy Prime Minister Taro Aso that the United States would continue to work with its allies to address the gravest threat to the region emanating from North Korea. He said the American commitment to South Korea is "iron-clad and immutable". "Just in the past two weeks, the world witnessed the strength and resolve of our new president in actions taken in Syria and Afghanistan", Mr Pence said. Read More »

Oil prices in stand-still mode on competing trends

Inventories have been heading back down in the US and dropped by 1 million barrels in the latest week, the Energy Information Administration said Wednesday, a smaller drop than expected. The Organisation of the Petroleum Exporting Countries (OPEC) is confident that production cuts agreed with non-members to prop up prices will lead to a recovery in the market, its chief said on Wednesday. Read More »

State auditor subpoena's Revenue Dept, claims Governor is stonewalling

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The objective of the audit is to ensure Missourians receive the money they are owed under a law requiring taxpayers receive their tax refunds on time or be paid interest. Galloway couldn't say what specifically the state is looking for, or what complaints prompted the petition. She argues that without transparency, there's no oversight, and the department could do as it pleases. Read More »

UK Parliament votes overwhelmingly in favour of early June 8 election

Earlier , Ms May suggested she won't use the general election to give voters more detail about the kind of Brexit she wants, instead asking them to trust her to deliver. And he told MPs: "We welcome the opportunity of a general election because it gives the British people the chance to vote for a Labour government that will put the interests of the majority first". Read More »

The latest from the Shanghai auto show

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The ongoing diplomatic tension between Beijing and Seoul for the latter's decision to deploy the US antimissile system known as Thaad reportedly had a detrimental effect on the auto giants' recent sales in China, said local analysts, with Chinese consumers boycotting Korean products as the Chinese government continues to assume a retaliatory stance. Read More »

Cristiano Ronaldo defies Real boos to make it 101 not out

Ronaldo now has a remarkable 85 Champions League goals in as many games since joining Madrid in 2009. But Arturo Vidal was sent off with a controversial second booking, and they eventually lost 4-2 - 6-3 on aggregate - to miss out on the biggest club prize in Europe. Read More »

Sebastian Vettel wins Bahrain GP, Hamilton comes second

He said, "The vehicle was like a dream to drive today". Bottas concedes the opening three rounds have been a fair reflection on the general pace of the front-runners, with Mercedes on top in qualifying before losing out to Ferrari on race pace. Read More »

U.S. oil climbs to five-week top on geopolitical tensions

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West Texas Intermediate, the USA benchmark price for oil, was down 0.11 percent to $53.02 per barrel. Reuters reported that Brent crude futures climbed 20 cents to touch $56.43 per barrel, the highest since early March. U.S. President Donald Trump said in a Tweet North Korea was "looking for trouble" and the United States would "solve the problem" with or without China's help. Read More »

Texas House OKs statewide ride hailing rules, defying Austin

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The bill now heads to Gov. Rick Scott for his consideration. House Bill 100, by state Rep. Chris Paddie, R-Marshall, would establish a statewide framework to regulate ride-hailing companies and undo local rules that the two companies have argued are overly burdensome for their business models. Read More »

Oil prices tumble on U.S. inventories data

On Monday, shortly before the Nymex settlement, a monthly report from the Energy Information Administration forecast a rise of 124,000 barrels a day in May to 5.193 million barrels a day for crude-oil production in seven major US shale-oil plays. Read More »

China, Germany must do more to cut trade surpluses

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However, the report did caution that six major USA trading partners warrant being placed on the monitoring list for special attention: China, Germany, Japan, Korea, Switzerland and Taiwan. Trump said China stopped manipulating its currency months ago and labeling Beijing a currency manipulator now would jeopardize efforts to contain North Korea. Read More »

Trump to Meet Turkey's Erdogan Ahead of NATO Summit in May

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Turkey's high electoral board (YSK) rejected appeals from the country's main opposition parties to annul the referendum results, the board said in a statement on Wednesday. Erdogan has dismissed the criticism from the observers, telling the monitors to "know your place". "Everyone should respect the outcome, especially the main opposition". Read More »

Toyota Reveals Plan for Hydrogen-Powered Semi-Truck

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The study will add to the Clean Air Action Plan, under which the Port of Los Angeles and the nearby Port of Long Beach have made meaningful reductions in their emissions since 2005. The tests with the Port of Los Angeles will have a 70-mile radius, and Toyota says they want to get fuel refilling time down to about 30 or 40 minutes, which means it now takes longer than that. Read More »

Govt assesses impact of US, Oz visa curbs on Indians

A permanent resident has most of the same rights as an Australian citizen, though they must have a valid visa with authority to travel if they wish to return to Australia. Employers who fail to meet requirements - including advertising jobs over six months - will be named and shamed. The new visa will be subject to work experience and English language tests for workers, and labour market testing to prove jobs cannot be filled locally. Read More »

President Trump signs order to tighten H-1B visa programme

Moreover, the EO says "in order to create higher wages and employment rates for workers in the United States, and to protect their economic interests, it shall be the policy of the executive branch to rigorously enforce and administer the laws governing entry into the United States of workers from overseas". Read More »

Des Moines to participate in Equal Pay Day campaign

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But women still made only 83 percent of what men did in 2015, according to Pew Research Center . A bill would mandate companies with more than 250 employees report the median pay for men and women. Martin said the occupational differences between men and women in each state is also a contributing factor to the different gaps. LeanIn.org created a video to explain why the 20-percent gap is absurd and unfair. Read More »

United will save evidence in dragged passenger case

Prior to Dr. David Dao being dragged off the plane by local police, reports claim passengers on the United flight were offered $800 plus a hotel room as compensation for giving up their seat. United issued an apology after the incident. He also said that Dr Dao was "disruptive and belligerent". Media coverage created a PR nightmare for the airline. Read More »