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Wells Fargo & Co shares down as it uncovers more fake accounts


Now, 33 organizations have banded together to call for new congressional hearings relating to Wells Fargo's questionable practices. The ensuing uproar led to the departure of several senior executives and thousands of employees, including its then-chief executive John Stumpf. Read More »

Harvey closes United States refineries; oil mixed


According to industry estimates, at least 4.4 million barrels per day (bpd) of refining capacity was offline, or nearly a quarter of total US capacity. The U.S. government tapped its strategic oil reserves for the first time in five years on Thursday, releasing 1 million barrels of crude to a working refinery in Louisiana. Read More »

Thanks for the gas-price hike, Harvey (big jerk)


Dallas had the most expensive gasoline in the Lone Star State at an average $2.37 per gallon, sending drivers in a panic to fill up tanks while stations still carried fuel. At least two major pipelines - one that ships gasoline across the southern United States and up to NY, and another that flows north to Chicago - have been slowed or stopped because of flooding and damage. Read More »

Gasoline jumps, crude down; Harvey shuts 23 pct of US refining


About 4.2 million barrels of USA refining capacity has been shut by Harvey, based on company reports and Reuters estimates. BMO Capital Markets economist Sal Guatieri said gasoline futures prices rose to more than two-year highs overnight after the storm knocked out about a 10th of US refinery capacity. Read More »

Federal flood insurance program nears its limit in time and money


This means that many people will be paying for flood damage completely out of pocket. Roy Wright, who oversees the flood-insurance program as a deputy associate administrator at the Federal Emergency Management Agency , said he's "already engaged with congressional leaders and members" on the pressing funding needs. Read More »

ZZ Top: Houston Will 'Overcome' Hurricane Harvey


The rain from Harvey is not only devastating Texas , it's also pounding Louisiana , and the state's governor is warning that "the worst is likely to come for us here". Unprecedented flooding has driven thousands of people from their homes, particularly in the Houston area where two dams are overflowing. Weather officials say a record 75 centimeters of precipitation that has already fallen in Houston could double later this week. Read More »

President Trump says cash for Harvey recovery coming soon


More than 2 million barrels of refining capacity were taken offline because of Hurricane Harvey , which has pounded the southeast Texas coastline with heavy winds and drenching rains. She anxious until she was reunited with her husband and dog, who had been left behind because they did not fit into the boat. Officials report more than 6,000 people being rescued by police and the Coast Guard since the storm hit. Read More »

Trump, First Lady Visiting Two Texas Cities With More Rain, Flooding Expected


Harvey , which made landfall north of Corpus Christi late Friday evening, is expected to dump upwards to 40 inches of rain in Texas over the next couple of days. Attention on Harvey from officials, the public and the news media also allowed Trump to refocus after a turbulent stretch that included his widely criticized response to the white nationalist protests in Charlottesville, Virginia. Read More »

This Hyperloop Video Elon Musk Tweeted Might Make You Motion Sick


The city council of Hawthorne, California, home to SpaceX headquarters, voted 4-1 last week to approve a two-mile-long test tunnel for Elon Musk's Boring Company . Once the Boring Company can prove its tunnels are able to cut down on the congestion in Los Angeles, Musk hopes to create a network of the passages throughout the United States for super-fast commutes. Read More »

Gilead Sciences buying Kite Pharma for $11.9 billion


If said company has to extend that process (as will be the case if the FDA required additional trials on top of those used to underpin a registration application) the company will generally have to raise funds. Gilead shares were seen up 1.30 percent at $73.79 in pre-market trading. Beaufort Securities maintained the stock with "Hold" rating in Tuesday, February 16 report. Read More »

Euro hits highest level since 2015


Draghi criticized a global tilt toward protectionism, which he said could jeopardize economic growth, and warned against loosening postcrisis financial regulations. The New Zealand dollar fell to a 15-month low against the euro after European Central Bank president Mario Draghi failed to mention the currency's strength in a speech at Jackson Hole as some market commentators had predicted while Federal Reserve chair Janet Yellen avoided the topic of monetary policy. Read More »

US Navy to remove Vice Admiral after deadly warship crashes


In June, the USS Fitzgerald collided with a tanker ship, killing seven sailors. Washington State reported similar results in its "Death With Dignity" report released on July 26. Earlier, another U.S. Navy official said there were indications the destroyer experienced a loss of steering right before the collision, but steering had been regained after the collision. Read More »

Red Cross Ready to Help Harvey Victims


People were urging donors Monday to seek out churches and local organizations, saying, "Please don't donate money to the Red Cross! ". "To provide that mass feeding". "Our prayers are with the families of those who have lost loved ones", said Hearst President and CEO Steven R. Swartz."Our thoughts and efforts are with those who continue to provide vital rescue and aid efforts, work that will no doubt go on for months". Read More »

North Korea fires missile over Japan, sharply escalating tensions


Millions of Japanese awoke to ominous text messages Tuesday warning them to take cover as a North Korean missile flew overhead, with one train operator bluntly explaining its halted service as "Reason: Ballistic missile launch". and flew for about 14 minutes before landing in the Pacific Ocean about 1,180 km east of Hokkaido at 6:12 a.m. Investors will now be awaiting a response from US president Donald Trump , who earlier this month threatened a belligerent North Korean regime with ... Read More »

Decatur Sailor Who Died on USS McCain Was 'Pride and Joy'


The McCain, an Aegis-equipped destroyer, and the Alnic MC tanker collided on August 21 as the warship approached Singapore for a routine port call. McCain . Navy leaders say they're investigating the cause of the collision and other recent mishaps. The Yokosuka-based guided-missile destroyer was traveling to Singapore for a routine port visit when it collided with a Liberian-flagged oil tanker, injuring five sailors and leaving 10 missing. Read More »

VMware Cloud goes live on AWS


The new security solution is created to protect virtual and cloud systems from cyberattacks. "App security is growing too hard and too complex and data breaches are growing fast", VMware CEO Pat Gelsinger told attendees in his keynote address. Read More »

Hurricane Harvey Could Impact Gas Prices


Almost 850 of the canceled flights were scheduled to either depart from or land at Houston's two airports. Harvey is the first hurricane to come ashore in Texas since Ike in 2008, and is the strongest storm to hit the state in almost 60 years. Read More »

Markets Right Now: Stocks finish mixed in quiet trading


Blackrock Institutional Trust Communication Na holds 0.01% of its portfolio in Medidata Solutions Inc (NASDAQ:MDSO) for 1.43M shares. Here are a few other firms who have also updated their positions. Gilead Sciences now has $98.58B valuation. The business's revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.08 EPS. Read More »

Gilead to buy Kite, maker of cancer treatments, for $11.9 billion


Shares of energy companies ( were trading slightly higher even as some major companies closed refineries. (NASDAQ: GILD ) for 589,952 shares. Suntrust Banks reported 0.12% of its portfolio in Gilead Sciences, Inc . (NASDAQ: GILD ) on Tuesday, July 25 with "Buy" rating. Read More »

Own a Samsung Note8 for RM3,999


Accordingly, industry watchers said a lower price of the Galaxy Note 8 will adversely impact the sales of the Galaxy S8 models. Last week was important not only for Samsung but also for its millions of Note fans. To start with these are things you must make sure first before moving any further and downloading the ported apps. "Some of our rivals were initially skeptical about the bigger-screen concept, but now they are following us with their own phablet models". Read More »

Uber picks Expedia chief as its new CEO


A spokesman for Ms. Whitman didn't immediately respond to a request for comment. He also sits on the board of The New York Times Company. As the embattled Uber looks to reform its public image, the outspoken Khosrowshahi is not afraid to speak up for inclusive values. Read More »

Shekel stronger against dollar after Yellen's speech

The impact Hurricane Harvey could have on the US may have a ripple effect when it comes to major companies and their performance. In commodities, oil prices rose on expectations that US production could be hit by what looks set to be one of the strongest hurricanes in more than a decade. Read More »

Uber board picks Expedia's Dara Khosrowshahi as next CEO


It wasn't immediately clear why Mr. Immelt dropped out of the running. Immelt and Khosrowshahi presented to Uber's board of directors on Friday, while Whitman presented on Saturday, NYT reported . Benchmark threatened that if he did not, Benchmark (and other investors whom Benchmark enlisted in its efforts) would begin a public campaign against him, the obvious effect of which would be not only to smear his reputation, but to harm the Company that he founded and built. Read More »

Euro holds gains on bets for European Central Bank tightening but stocks mixed

Janet Yellen's decision not to discuss the Federal Reserve's plans for future interest rate hikes was also seen as an indication of the USA central bank's reticence to announce any more increases. Price action in the aftermath of the speech suggests some traders may have been sat on the sidelines during recent days for fear of being caught on the hop by a hawkish message from Yellen. Read More »

Colorado search and rescue teams head to South Texas after Harvey


Jake Jacoby, the team leader. We have a compilation of tools that include boats, motors, dry suits, rescue equipment for collapsed structures, rope equipment for confined spaces, and a large compilation of Haz-Mat equipment and tools. This time last week, the company opened a donation page to the Southern Poverty Law Center, after clashes in Charlottesville, Virginia led to multiple deaths. Read More »

Stocks rise, United States dollar eases as Yellen omits policy

Ms Yellen's comments will be seen as especially controversial because President Trump is now deciding whether to re-appoint her when her present term of office ends in February next year. The Australian dollar increased to 0.7935 USA dollar from 0.7907 US dollar . Republicans have long opposed the 2010 Dodd-Frank law, which was enacted by Democrats in Congress with the support of President Barack Obama. Read More »

Trump Thanks Hurricane Harvey Volunteers


Police said they believe the auto became inoperable - or the water was too high to pass through. She was found by neighbors about 30 yards away from the vehicle. This is happening all over southern Texas as different agencies are coming together to check in on residents and assess the damage. President Donald Trump said he wants to travel to Texas "ASAP" to show the state that it has support from the federal government as it grapples with damage from Hurricane Harvey , a senior ... Read More »

Angelique Kerber, Simona Halep avoid answering about Maria Sharapova's wild card

To say it did not work out well for her-or for Halep-would be an understatement. Barry Cowan was speaking to Sky Sports' Raz Mirza. Sky Sports Tennis will have all the action from the US Open covered via our website with our live blogs and updates throughout the fortnight as the Grand Slam year reaches its climax. Read More »

Party poopers: rightwing rally cancelled in San Francisco amid dog poo protest


San Francisco dog owners plan to create a carpet of excrement at the location where the Patriot Prayer group will be holding a rally. The San Francisco Examiner reported last week that the paramilitary Oath Keepers groups, who carry military-style rifles and tactical equipment like kevlar vests, planned to provide security for the San Francisco alt-right rally. Read More »

Dollar moves above ¥109.50 before Fed speech

The major currencies were relatively range bound on Thursday with investors in a cautious mood ahead of today's highly anticipated Jackson Hole symposium in Wyoming. It gained 1.7 per cent, or 0.2 cent, to finish at 11.8 cents. The pound also eased, falling 0.20% to trade at 1.2797. Meanwhile, a pending speech from European Central Bank president Mario Draghi helped support the eurozone currency , leaving sterling trading near fresh eight-year lows of 1.084 versus the euro . Read More »