Chevron Phillips Chemical’s Performance Pipe division office in Plano earns VPP Star status

July 17, 2019@10:13 AM TFP Editor 0

THE WOODLANDS, Texas–(BUSINESS WIRE)–​Chevron Phillips Chemical Company LP is proud to announce the Plano office of its Performance Pipe division has earned Star Site designation by the Voluntary Protection Program (VPP) of the Occupational Safety and Health Administration (OSHA). With Plano, all 18 of the company’s eligible U.S. locations now hold the highest VPP certification for maintaining among the industry’s lowest recordable incident rates (RIR). OSHA presented Performance Pipe’s Plano office with its VPP Star certificate during a celebration held today on site. The company [Read More]

Cannabis Watch: Cannabis stocks led higher by Curaleaf after company buys Chicago-based multi-state operator

July 17, 2019@10:10 AM TFP Editor 0

Cannabis stocks were mostly higher Wednesday, with Curaleaf leading the pack after announcing an $875 million stock-and-cash deal that will help it expand into new states, including Illinois. Curaleaf shares CURLF, +15.79% CURA, +0.00%  were last up 15%, after the company said it was buying Chicago-based, multi-state operator GR Companies Inc., paying $75 million in cash, 102.8 million subordinate voting shares and $40 million worth of common stock. The deal, which is expected to close in early 2020, will increase Curaleaf’s presence to 19 states [Read More]

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August gold up $12.20, or 0.9%, at $1,423.40/oz

July 17, 2019@10:09 AM TFP Editor 0

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Boeing Thinks A Human Life Is Worth Just $150,000

July 17, 2019@10:05 AM TFP Editor 0

Two weeks ago, we noted how, after ignoring them for months (presumably at the behest of its legal department), Boeing had decided to dedicate $100 million (roughly 1% of its 2018 revenue) to the families of the victims from the Lion Air and Ethiopian Air crashes. However, that number came with a catch: Some of the money would be used for ‘community development’ and ‘education efforts’. Split among the families of the 346 victims, at $100 million, each family would receive just under $300,000 – [Read More]

Swiss town may sell nine houses for one franc each

July 17, 2019@9:50 AM TFP Editor 0

A hamlet on Switzerland’s Italian border could offer the deal of a lifetime for house flippers — it’s considering selling nine houses for just one Swiss franc each. By offloading the broken-down stone dwellings and their properties for little more than a dollar, Monti Scìaga, which sits about 70 miles north of Milan and 125 miles south of Zurich, hopes to bring people back to the rustic municipality, The Local Switzerland reports. The catch is that prospective buyers would be required to renovate the properties to bring them up to code. [Read More]

Financial News: Killing time: The closing auction is eating the trading day

July 17, 2019@9:48 AM TFP Editor 0

In London, the trading day begins with a flourish when markets open at 8am, slows down until the US wakes up from about midday, and then dithers its way to the final minutes of the session. Thanks to passive investing, however, the closing auction — a window of just five minutes — is becoming the most heavily traded part of the day, a shift that has driven a wedge between investors, banks, exchanges and regulators. Stock exchanges’ so-called closing auctions set the official closing prices [Read More]

Here’s what major analysts are predicting will happen with Netflix earnings after the bell

July 17, 2019@9:48 AM TFP Editor 0

Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images Earnings season is underway and there’s no shortage of story lines when Netflix reports its second quarter earnings after the bell on Wednesday. Wall Street analysts say they’ll be squarely focused on key metrics like cash, content, and comments on upcoming competition from Disney and HBO Max. The company has recently taken heat from analysts over its spending on content as [Read More]

Georgia beach goes keep pilot whales from stranding on shore

July 17, 2019@9:44 AM TFP Editor 0

A state biologist says beachgoers in Georgia helped keep about 30 pilot whales from stranding themselves on the shore. Clay George with the Georgia Department of Natural Resources says the whales showed up Tuesday afternoon off the beach at St. Simons Island. Three whales beached themselves and died. But George says onlookers helped authorities wade into the water to prevent most of the whales from reaching shore. George said harbor pilots Wednesday morning spotted the whales in the nearby shipping channel, where he hoped they [Read More]