Kuwait says it’s ready to “cooperate” to stabilize markets

Kuwait’s OPEC Governor Nawal Al-Fezaia hinted on Tuesday that the oil-rich nation is ready to cut production in an effort to stem the persistent slump in oil prices. The governor told an energy forum in Kuwait that the country is “ready to cooperate” with others to stabilize the oil market, according to media reports. However, she noted that producers outside the cartel are not yet ready to cooperate, the reports said. She also said prices are unlikely to climb back to 2014 levels of more than $100 a barrel and instead they could wobble around $40-$60 a barrel until 2020. Al-Fezaia’s comments came as crude and Brent both slid below $30 a barrel on Tuesday, sending renewed shivers through global financial markets.

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From:: Stock Market News

How to Turn Up the Heat Without Using Electricity

By Trulia

Children drinking cups of tea by fire

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Whether you’re in the middle of a blizzard without electricity or you’re trying to save some cash this winter, it’s wise to have an alternate heat source on frigid days. Instead of reaching for the thermostat, warm up with these creative, no-power heating solutions.

Use our tricks and tips to keep warm this winter. Your bank account will thank you come spring.

1. Get fired up.

Does your apartment have a fireplace? Whether it operates on gas or good old-fashioned wood, fireplaces can be energy-efficient heaters. If you have a gas insert, check to see if it’s a direct-vent, vent-free, or B-vent unit. Direct-vent inserts can offer more heat, while B-vents generally push any warmth out of the home. Vent-free gas fireplaces are the most efficient. Although not all states permit vent-free inserts for use in apartments, ask your landlord what type of gas fireplace you have to determine its heating potential.

Does your rental have a wood stove? Rather than building a roaring fire, concentrate on building a constant, slow-burning flame for the most heat generation. According to the Wood Heat Organization (WHO), circulating the heat with a ceiling fan regardless of its placement within the room will help disperse the air and keep your space warmer. (Some wood stove inserts include a built-in blower.) The WHO also suggests using the driest wood available, as it burns 25 percent more efficiently, ignites faster, and smokes less.

While it’s tempting to rest your cold feet close to the heat, always be sure to put the screen in place and keep safely back from the flames. And if you have a traditional fireplace, close the flue damper or get a chimney balloon when the fireplace is not in use to prevent warm air from escaping.

2. Bundle up.

Instead of cranking the thermostat to warm up, try warming yourself instead. Keeping your whole body covered is the best way to prevent heat loss. It’s an old wives’ tale that we lose the majority of our body heat through our head. The truth is, we experience heat loss throughout our entire body.

Keep your feet warm with cozy slippers and wear a knit hat, even indoors. Be sure your hat covers your ears. They’re thin but have large surface areas and can lose heat easily. Warm yourself from the inside out by breathing through your nose; doing so warms the cold air to body temperature before it arrives in your lungs.

3. Try thermal curtains.

Whether you have double-pane windows or the dreaded single-pane, all windows are a source of heat loss. To conserve energy, choose window treatments that offer aesthetics as well as function. Heavy curtains with a thermal lining can drastically reduce heat loss. For additional savings, the U.S. Department of Energy suggests hanging the curtains as close to the window as possible and securing them at the bottom and sides to reduce the energy loss by 25%. And if you’re a DIY warrior, try <a target="_self" …read more

From:: Renting

Packaging Corp. shares decline on weak outlook

Packaging Corp. of America shares declined further in the extended session Monday after the packaging-products maker topped Wall Street estimates on earnings but not on revenue, and provided a weak outlook. Packaging Corp. shares declined 1.4% to $49.50, after closing down 13% in the regular session following a downgrade from Citigroup. The company reported adjusted fourth-quarter earnings of $1.08 a share on revenue of $1.39 billion. Analysts surveyed by FactSet had forecast $1.03 a share on revenue of $1.43 billion. The company estimated first-quarter earnings of $1 a share, while analysts had forecast $1.07 a share.

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From:: Stock Market News

Crane shares drop after outlook falls short of Street view

Crane Co. shares declined in the extended session Monday after the industrial-products maker reported fourth-quarter earnings that topped Wall Street estimates but provided an outlook that fell short of the consensus view. Crane shares fell 4.3% to $41.68. The company said adjusted fourth-quarter earnings came in at $1.12 a share on revenue of $680.6 million. Analysts surveyed by FactSet had forecast earnings of $1.10 a share on revenue of $694.4 million. For 2016, Crane forecast earnings of $3.85 to $4.15 a share on revenue of about $2.6 billion. Analysts estimate $4.27 a share on revenue of $2.77 billion.

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From:: Stock Market News

Relypsa shares rise on drug interaction study results

Relypsa Inc. shares surged in the extended session Monday after the biotech said an early-stage study showed its treatment for elevated blood potassium did not interfere with other drugs. Relypsa shares rallied 7% to $20.93 on heavy volume. The company said its drug Veltassa did not interfere with absorption levels of 12 other drugs, according to the study. Veltassa is approved for the treatment of hyperkalemia, a condition that causes high potassium levels in the blood.

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From:: Stock Market News

CLSA downgrade of SanDisk drags on Western Digital

SanDisk Corp. and Western Digital Corp. slumped on Monday after CLSA downgraded SanDisk to underperform from outperform and cut the stock’s price target to $70 from $86. The move was based on concerns that Western Digital’s plan to buy the flash memory chip maker may be jeopardized if it is unable to secure its own investment from China’s Unisplendor, Barron’s reported. If the Chinese investor pulls out of the deal, Western Digital’s purchase of SanDisk will require approval of its shareholders, which could derail the buyout, said analyst Mark Heller at CLSA. SanDisk shares slumped 8.4% to close at $61.74 and Western Digital shares dropped 5.1% to $42.47.

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From:: Stock Market News