Exxon Mobil on Tuesday began production at a new petrochemical facility in Mont Belvieu, Texas, just two months after Hurricane Harvey pummeled the U.S. Gulf Coast and hobbled the U.S. refining and specialty chemicals hub. The new first of two lines turning out polyethylene — the most common plastic used […]
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Why Helios and Matheson Shares Fell Today
What happened Continue Reading Below Shares of Helios and Matheson (NASDAQ: HMNY) fell today, down by 13% at the close, after rival Netflix (NASDAQ: NFLX) reported stronger-than-expected subscriber growth last night. Helios and Matheson has majority ownership in MoviePass, which has been described as the “Netflix for theaters” and may compete […]
Why Shares of VirnetX Holding Corp. Tumbled Today
What happened Continue Reading Below Shares of patent-holding company VirnetX Holding Corp. (NYSEMKT: VHC) tumbled on Tuesday one day after it disclosed that it was awarded about $440 million in a patent case against Apple (NASDAQ: AAPL). The federal judge in the case ruled that Apple’s on-demand VPN and FaceTime […]
IBM reports marginal dip in quarterly revenue
International Business Machines Corp’s <IBM.N> quarterly revenue slipped again as weak demand in the company’s technology services business outweighed growth in its strategic areas that include cloud and security services. Continue Reading Below The company’s net income fell to $2.73 billion, or $2.92 per share, in the third-quarter ended Sept. […]
Harvey Weinstein resigns from Weinstein Co board: source
FILE PHOTO: Harvey Weinstein poses on the Red Carpet after arriving at the 89th Academy Awards in Hollywood, California, U.S., February 26, 2017. REUTERS/Mike Blake/File Photo October 17, 2017 LOS ANGELES (Reuters) – Harvey Weinstein has resigned from the board of The Weinstein Company, Hollywood trade publication Variety reported on […]
Gaddafi son in good health, following politics: family lawyer
FILE PHOTO: Saif al-Islam Gaddafi, son of late Libyan leader Muammar Gaddafi, attends a hearing behind bars in a courtroom in Zintan May 25, 2014. REUTERS/Stringer/File Photo October 17, 2017 By Aidan Lewis TUNIS (Reuters) – Saif al-Islam Gaddafi, the most prominent son of the former Libyan leader, is in […]
NFL weighs protesting players’ passion against Trump rebukes
A protester demonstrates and holds a sign with Colin Kaepernick on it in support of NFL players who “take a knee” before kickoff and during the National Anthem protesting police violence while she sings the “Black National Anthem” outside the StubHub Center where the Los Angeles Chargers are playing the […]
PG&E shares spike after suspected wildfires arsonist is arrested in Northern California
Shares of California utility PG&E rose 7.51 percent Tuesday on word about a suspected arsonist arrested in Sonoma County. California’s largest electric utility company has seen its stock drop nearly 18 percent since Oct. 9 amid concerns it could be found liable for the fires that have ravaged Northern California. […]
With 23k hit, Wall Street believes GE, Nike and Disney will carry the Dow to 24,000
The Dow Jones industrial average broke above 23,000 for the first time ever on Tuesday, nearly 53 trading days since the index first closed above 22,000. As investors celebrate the latest in a string of new records, many are wondering which stocks will lead the Dow to 24,000. CNBC compiled […]
US stock indexes mostly lower in afternoon trading; oil down
Industrial companies led U.S. stocks mostly lower in late-afternoon trading Tuesday as investors sized up the latest company earnings news. Packaged food and beverage companies were among the big laggards. Health care companies posted some of the biggest gains following news of a plan backed by the White House that […]