Author: admin

Refiner PBF Energy Inc. has had a chemical leak in its Delaware City, Del. refinery, The Wall Street Journal reported Friday. Three workers were sent home, according to the newspaper. The refinery shut down last week following a compressor malfunction and small fire. No one was injured in that incident. PBF Energy didn’t immediately return requests for comment late Friday. Shares of the company were flat in after-hours trading Friday after ending the regular session up 3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Staples Inc. and Office Depot Inc. said late Friday they will delay the closing of their merger to provide the Federal Trade Commission with additional information. Staples shares advanced 1.8% to $13.99, and Office Depot shares were flat at $7.82 after hours. The companies said they would delay the closing of their merger for 45 calendar days after they supply the FTC with requested additional information on the deal.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Drug maker Cortendo AB has filed for an initial public offering, seeking to sell up to $86.3 million in ordinary shares, according to a filing on Friday. The company, incorporated in Sweden and based in the U.S., focuses on drugs for rare endocrine disorders and other rare diseases. It warned it has never generated any revenues from product sales and “may never be profitable.” Bank of America Merrill Lynch and Stifel are among the underwriters.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

U.S. stocks ended the most tumultuous week in memory with modest gains after closing virtually unchanged on Friday. The main indexes spent most of Friday’s session diving in and out of negative territory, as investors seemed undecided on how to interpret comments from Federal Reserve officials. Fed Vice Chairman Stanley Fischer indicated the central bank is keen on raising rates this year, but provided little clarity on whether it will be in September. The Dow Jones Industrial Average which suffered a 1,000 point loss in a matter of minutes on Monday, traded in a relatively tight range on Friday, closing off 11.83 points points, or 0.1% at 16,642.94. The blue-chip index gained 1.1% over the week. The S&P 500 closed a point higher at 1,988.85 and recorded a 0.9% weekly gain. The Nasdaq Composite ended the day up 15.62 points, or 0.3% at 4,828.32 and rose 2.6% over the week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

WASHINGTON (MarketWatch) – President Obama has appointed James O’Brien, an associate of former Secretary of State Madeleine Albright, to be the first Special Envoy for Hostage Affairs, the White House announced Friday. O’Brien is now vice chair of the Albright Stonebridge Group, a business consulting firm chaired by Albright. O’Brien previously worked at the State Department as a negotiator. The envoy for hostage affairs post was created earlier this summer after a review of U.S. hostage guidelines. The envoy is expected to coordinate the federal government’s response when an American is taken hostage. Families who have lived through the ordeal often complained that they were treated harshly by U.S. government officials and even threatened with prosecution if they explored the option of paying ransom for the release of their relatives.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

A New Hampshire jury found a graduate of an exclusive prep school not guilty of rape charges but convicted him of lesser sex offenses, the Associated Press reported. The jury took eight hours to reach a verdict in the case against 19-year-old Owen Labrie, of Tunbridge, Vt., who was accused of raping a 15-year-old freshman girl in a room at St. Paul’s School just days before he graduated in 2014.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

By Beth Rucker

Labor Day weekend is one week away, which has got me thinking about cookouts! I’ll be heading to my parents’ house next weekend for a big gathering to say goodbye to summer with burgers and hot dogs and maybe one last dip in the pool. This weekend, however, I may do a little work in my own backyard to see if I can get it in shape to host a cookout of its own. Here are some of my favorite outdoor kitchen and outdoor dining inspirations!

This backyard designed by Pool Environments is the stuff that my dreams are made of: a pool, a fireplace and an outdoor kitchen, dining and lounge area. It transitions well from a hot day to a cool night, making it a great spot for an all-day gathering.

This outdoor kitchen designed by Dorothy Willetts makes it easy for company to gather ’round while the chef does his or her thing, much like an indoor kitchens with island seating. And what a view you and your company get!

Are your dreams of doing more outdoor entertaining hampered by rain? This outdoor kitchen and gathering area by Lindross Remodeling is the perfect solution for less-than-ideal weather. Two large TVs and versatile seating mean no one will miss the big game(s).

You don’t need a backyard to have a great gathering. This Seattle home features a deck with an outdoor dining and kitchen area defined by a cozy pergola. A string of cafe lights adds to the ambiance without detracting from the amazing view.

This outdoor kitchen by Lindgren Landscape may be better equipped than my actual indoor kitchen! There is ample room for food prep and cooking, and the entire space is adjacent to a rustic sitting area with a cozy fireplace.

What feature do you want in your own backyard?

Looking for more home inspiration? Visit the HGTV Photo Library to search for your new favorite space.

…read more

From:: HGTV

Oil futures settled higher Friday, with U.S. prices up by nearly 12% for the week as analysts mulled the likelihood of declines in production on the back of overall weakness in oil prices. October crude rose $2.66, or 6.3%, to settle at $45.22 a barrel on the New York Mercantile Exchange. Prices climbed 11.8% for the week, the largest weekly increase since about March 2009, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Dennis Lockhart, the president of the Atlanta Fed, said that chances of a rate hike have come down since earlier in August and are now ’50-50.’ “That seems to me to be a reasonable assessment of the situation,” Lockhart said in an interview on Bloomberg News. Earlier in August, Lockhart told the Wall Street Journal he was likely to support a rate hike in September. But Lockhart said the market volatility in recent days was a “new” risk factor. “It has to be considered an open question whether we move now or wait a little while,” he said. The Fed has to evaluate how lower oil prices, market turmoil, and the stronger dollar will impact the Main Street economy.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Gold futures finished higher on Friday but suffered a 2.2% loss for the week, their biggest weekly decline since the week ended July 24. The dollar strengthened this week, putting pressure on the metal as the market weighed prospects for an interest-rate hike this year by the Federal Reserve. December gold climbed $11.40, or 1%, for the session to settle at $1,134 an ounce on Comex after declines over the past four sessions.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News