Business

Pacific Gas & Electric Power Lines Investigated For Link To Wine Country Fires; Shares Off 4%

Pacific Gas & Electric Power Lines Investigated For Link To Wine Country Fires; Shares Off 4%

Pacific Gas & Electric’s (PCG) falling power lines are being investigated as a possible cause of fires burning in California’s Wine Country, multiple sources reported. Investigators are looking into reports strong winds knocked down numerous Pacific Gas and Electric Co. power lines between 9:20 and 10 p.m. Sunday, reports said, citing a statement from the California Department of Forestry and[Read More…]

by October 17, 2017 0 comments Business, Technology
JPM Notes WASDE Report Mixed; MON and DWDP Rated Overweight, Neutral on POT, AGU, CF

JPM Notes WASDE Report Mixed; MON and DWDP Rated Overweight, Neutral on POT, AGU, CF

The October World Agricultural Supply and Demand Estimates report showed mixed results, JPMorgan said. Domestic corn inventories remained at record levels of 16.4% of total use projected for 2017-18; global corn inventories, however, are projected to move lower year-on-year to 18.9% in the same period from 21.4%. The WASDE results similarly pulled each way for soybeans, according to JPM. Domestic[Read More…]

by October 17, 2017 0 comments Business, World News
Apple iPhone X Said to be Facing Production Delays as Dot Projector in Camera Poses Challenge

Apple iPhone X Said to be Facing Production Delays as Dot Projector in Camera Poses Challenge

Apple (AAPL) suppliers are continuing to grapple with 3D sensor production for the iPhone X, raising the specter of delays, Nikkei Asian Review reported, citing a “top” executive. Shares drifted marginally lower intraday. The issue is related to dot projectors in the premium handset’s TrueDepth camera system, the news report claimed. The smartphone is expected to go on sale by[Read More…]

by October 17, 2017 0 comments Business, Technology
U.S. Dollar Advances as Wall Street Records

U.S. Dollar Advances as Wall Street Records

The U.S. dollar closed out another week higher against the yen despite a major correction on Friday following data that showed 33,000 jobs were lost in the U.S. because of hurricanes Harvey and Irma. Buoyed by expectations for another rate increase in December as well as a string of record highs on Wall Street, the dollar edged out the yen[Read More…]

by October 11, 2017 0 comments Business
Financial Stocks End Little Changed

Financial Stocks End Little Changed

Financial stocks climbed back near break-even in late Friday trading, with the NYSE Financial Sector Index declining less than 0.1% while financial companies in the S&P 500 Index were finishing with a less than 0.1% advance. In company news, Apollo Global Management (APO) turned slightly lower in late Friday trading, giving back early gains that followed reports the investment company[Read More…]

by October 11, 2017 0 comments Business