Business

Gold falls slightly amid stronger dollar

Gold falls slightly amid stronger dollar

West Texas oil reversed Tuesday's slump to briefly trade above $71 per barrel as the market came to terms with a U.S. message that buyers of Iranian crude have six months to curb their purchases. The Australian dollar fell to 0.7449 dollar from 0.7518 dollar. The euro has already lost 2% of its value in May as investors betting on a falling dollar were caught out and rushed to cover their positions, further pushing the greenback higher.


Fox Is Buying 7 Sinclair-Owned Television Stations for $910 Million

Fox Is Buying 7 Sinclair-Owned Television Stations for $910 Million

Except for the Miami outlet, all are Fox TV network affiliate stations. Fox said the deal will let it compete in 19 of the top 20 markets, with a larger presence in the West. In a news release, Sinclair said the divested stations are being sold for a combined $1.5 billion of gross sales proceeds plus another approximately $100 million in retained working capital that will convert to cash after the deal is closed.


Audi halts diesel A6 and A7 deliveries due to software 'irregularities'

Audi halts diesel A6 and A7 deliveries due to software 'irregularities'

According to the KBA reports, the AdBlue system in certain (superseded) V6 turbo-diesel engines begins to dial back its injection levels when the exhaust gas cleaning solution runs low, with around 2400km worth of the solution left. Discussions are ongoing with the Federal Motor Transport Authority in Germany and vehicle registration authority in Luxembourg, as well as within the Volkswagen Group, and a software update will be issued shortly.


BMW to recall more than 300000 cars in United Kingdom over stalling risk

BMW to recall more than 300000 cars in United Kingdom over stalling risk

The German carmaker had already issued a safety call of about 36,000 petrol vehicles a year ago but has extended it after acknowledging the fault could affect more cars. On the show, they rejected allegations that they had provided the wrong information or ignored the DVSA. They recalled 500,000 cars in 2013 across the USA, Australia, Canada, and South Africa.


First Dallas Securities Inc. Trims Holdings in Kinder Morgan (KMI)

First Dallas Securities Inc. Trims Holdings in Kinder Morgan (KMI)

The California-based Aristotle Capital Lc has invested 0.01% in Kinder Morgan, Inc . With approx. 1.64B shares in outstanding, the company has a market cap of $62.99B as per the current valuation . 82 funds opened positions while 144 raised stakes. North Star Mngmt Corp has 32,073 shares for 0.07% of their portfolio. Trexquant Investment L P owns 44,263 shares for 0.04% of their portfolio.


Jpmorgan Chase & Company Increased Stake in Pfizer INC (PFE) as Shares Declined

Jpmorgan Chase & Company Increased Stake in Pfizer INC (PFE) as Shares Declined

Barometer Capital Management Inc increased its stake in Marathon Petroleum Corp (MPC) by 63.08% based on its latest 2017Q4 regulatory filing with the SEC. Cowen & Co maintained the shares of PFE in report on Monday, July 10 with "Buy" rating. The firm has "Equal-Weight" rating by Barclays Capital given on Thursday, April 5.