The Coast Guard said Thursday it has closed a portion of the Mississippi River near Paducah, Ky., because of an oil spill after two towboats collided and a barge was damaged.
The spill caused a “five-mile discoloration,” as crews continued to assess just how much oil spilled, officials said.
The discharge of slurry oil, a refinery byproduct, began Wednesday night after two towboats collided on the river, some 40 miles from Paducah. The river remains closed in the area to all traffic except for vessels working the scene.
The Coast Guard said the maximum potential release of slurry oil is 250,000 gallons. It had said earlier that it could have been up to 1.05 million gallons, but said it reduced the estimate after learning that two remaining partitions aboard a damaged barge were said to be secure.
The Coast Guard added that it is investigating the cause. It said it is working at the site of the accident with the barge owner and an oil-spill response group called SWS.
It's acquiring Kremers Urban Pharmaceuticals for $1.23 billion.
The buyout will effectively double Lannett's sales, and boost fiscal 2017 EPS by 20% to 25%, the company said.
How will it pay for the acquisition?
Iranian nuclear chief Ali Akhbar Salehi announced Monday that the Islamic Republic is putting together a 15-year plan to enhance its nuclear capabilities following the signing of a landmark agreement with world powers last month.
“A 15-year-long plan is being compiled and the plan will be reviewed every 5 years,” Salehi said during a ceremony at the Fordo nuclear site near the Central city of Qom, the semi-official Fars news agency reported.
“One of our plans is to move on the path of commercialization and we hope to gain success in this arena,” he continued.
According to Fars, Salehi also discussed plans to construct a nuclear hospital as well as two small nuclear power plants in the Southern province of Bushehr.
Last week, Iranian President Hassan Rouhani also said his country would commercialize nuclear technology as soon as the agreement signed with world powers in Vienna on July 14 comes into full effect.
“Our nuclear program has been recognized in Resolution 2231 and world powers are eager to cooperate with us in this regard,” Rouhani stated.
That's how I heard about the stock. I bought at $34 and have been very happy. Now I notice MMI signs popping up on commercial real estate in the Chicago area. My friend is in New York.
The low volume worries me, but their last quarter results were great.
As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around.
A wide range of short-term interest rates, which tend to be the most sensitive to Fed policy expectations, have been quietly grinding higher for weeks, or in some cases much longer. Several have even surpassed their levels from two years ago during the bond market's "taper tantrum," when prices tanked and yields shot up as the Fed pondered whether to halt its massive asset-purchase programme.
Banks, money market mutual funds and other investors want to avoid being stuck with low-yielding debt when the U.S. central bank finally does begin raising interest rates, something it last did in June 2006. Generally positive commentary about the economy from the Fed at the conclusion of its latest policy meeting on Wednesday is seen by many as signalling that a rate rise could come as early as September.
France, one of the world’s leaders in nuclear energy production, plans to draw down nuclear’s share of electricity generation from 75 to 50 percent by 2025—giving itself a 10-year time frame equivalent to the complete shutdown now ongoing in Germany. Which reactors are to be disconnected is not specifically mentioned.
“Finally!” gasped French headlines last week. After months of national debate—of amended drafting bills and a one-year parliamentary discussion interspersed with joint committee reports and opposition intransigence—the nation approved an Energy Transition Law that many are now calling historic in scope and ambition. A political fight is sure to follow, with some observers worried by a cap of 63.2 gigawatts that may provide too much leeway to the embattled industry.
Yet it’s also clear the momentum has already shifted, with environmentalists exulting in their apparent victory.
“This law opens up all renewables sectors to new energy horizons,” said Jean-Louis Bal, the president of the French Renewable Energy Association (SER), shortly after the final vote.
Bal said he was particularly encouraged by new, uniform authorizations that do away with excessive bureaucratic hurdles for wind farms and hydropower and biogas plants. There was also relief at a provision stripped out of the Senate bill that would have required a minimum 1,000-meter distance between wind turbines and residential structures. This was scaled back to 500 meters, with much of the discretion now given to local municipalities.
(NASDAQ: GILD) shares were trading up 35 at $116.75 or so in early Wednesday trading after beating earnings Tuesday evening. Gilead was reiterated as Outperform and the price target was raised to $130 from $120 at RBC Capital Markets. BofA Merrill Lynch reiterated an Underperform rating with a $107 price objective.
Management kind of blew it.
They are sitting on a buttload of cash. if they would announce a massive share buyback we would get a short squeeze going and get the stock up to a reasonable multiple.
Also, biotechs are currently being rewarded for making acquisitions. Giliad is a no-show.
China will build two nuclear power plants for Iran on the Makran coast neighboring the Gulf of Oman, the head of Iran's Atomic Energy Organization, Ali Akbar Salehi, announced on Wednesday.
"In the next two or three years we will simultaneously start building four nuclear power plants in Iran. Over 20,000 engineers and nuclear scientists will take part in the construction, ISNA news agency quoted Salehi as saying.
Salehi said that the country's heavy water reserves exceeded 90 tons, which was "enough", and that Iran currently had around eight tons of uranium.
Iran's national nuclear industry "is now entering a new phase, which will be justified both in terms of costs and benefits," Ali Akbar Salehi said.
A final agreement was reached on Iran's disputed nuclear program earlier this month after nearly two years of talks between Tehran and the P5+1, a group of five permanent members of the UN Security Council plus Germany.
As The Guardian wrote on June 29, in the UK, the mood has been turning against fracking for some time. In the last 18 months, opposition from the public has swelled from 29% to 43%, now comfortably outnumbering the 32% in favor. The bungled attempt by Cuadrilla to drill at Balcombe in Sussex in the summer of 2013 was, as I wrote at the time, a public relations disaster that felt like the "Monsanto moment" faced by genetically modified crops 17 years earlier: an introduction so botched that it renders the technology unacceptable on arrival. Shoddy early practice by the frackers - trespass and planning permission breaches - did not help.
Also, following the World Nuclear Association, the UK currently has 16 reactors, and all but one of them will retire by 2023 (that's still 7 years to go - so uranium investors are still more than fine). But that doesn't mean the UK isn't planning on building new ones. In fact, it is planning on building 11 new units that will go on-line by 2023 - and this is despite the possible success of shale gas.
A YouGov poll of over 2000 people in November 2014 showed 45% support for building new nuclear power capacity, and that only 20% of the people were opposing new reactors (and 82% of those 20% did so due to lack of knowledge regarding waste management). So, the UK government officials have support from the public when it comes to nuclear reactors, and they do not have this support when it comes to fracking.
It is because of this that we feel that the shale gas risk towards nuclear energy that this controversial article points out seems a bit overblown.
And since Mr. Abe was making a lot of effort to grow its economy, and the 48 dead nuclear plants in his country weren't really helping him achieve his goals, we believed that the situation wasn't sustainable, and that decisive action from the Liberal Democratic Party to put a couple of nuclear reactors on-line was under way.
Turns out, we were right, as Japan's Sendai 1 nuclear plant is expected to be the first plant to turn on-line by mid-August.
And last week, Japan's Nuclear Regulatory Authority also approved the restarting of Shikoku Electric Power Co.'s (OTC:SHEKF) Ikata 3. This is the fifth reactor to have received approval to restart, although local governmental approval is still required.
As you can see on the table below, the operators of 25 different reactors across the country have applied for permission to reopen with the full and very active co-operation of the Japanese state and the powerful industrial lobbies such as the Keidanren and the Keizai Doyukai.
We've started to look into the current uranium situation, as a lot of our clients were interested in the recent developments of this industry. The price of uranium recovered significantly the last couple of months, but despite the improvement in price, stock prices of almost every uranium-related company have been declining or lagging behind. So what's going on? And how will things evolve from here?
The point of this article is to provide investors with a full overview and information they might have overlooked.
First of all, we'll discuss Japan (one of the major topics whenever you Google something about uranium) and set the record straight.
Japan back on track
Japan was hit by a tsunami in 2011, and this brought along terrible consequences for the nuclear industry as a whole. In order to prevent a meltdown, like the one we saw at the Fukushima Daiichi nuclear plant four years ago, government officials responded by closing all of Japan's 48 usable reactors. And due to Judge Higuchi, who believed there wasn't enough proof for most nuclear plants to be operated safely, it seemed for a moment that not even one Japanese nuclear plant would become active again by the end of this year.
This made uranium-related companies quiver, as those 48 reactors normally require 132 tonnes of uranium per year, which adds up to 6336 tonnes in total. That's almost 10% of what was needed to power all plants globally for 2015. And since these reactors weren't active and have been lowering their inventories by shipping their uranium to reactors abroad, they've been contributing to the supply glut.
Fortunately for us, Japan's nuclear shutdown created serious financial problems for utilities like Kansai Electric (OTC:KAEPF), as 30% of its electricity relied on atomic power. And besides the fact that utilities were being wrecked financially, prices of electricity increased by 20% or more, reflecting the cost of importing more oil & natural gas to make up for the lost nuclear power.
Radius Health, Inc. (RDUS) (the "Company"), a science-driven biopharmaceutical company focused on developing new therapeutics for patients with advanced osteoporosis as well as other serious endocrine-mediated diseases, including hormone responsive metastatic breast cancer, today announced that it has priced its public offering of 4,054,054 shares of its common stock at a public offering price of $74.00 per share. In addition, the Company has granted the underwriters an option to purchase up to an additional 608,108 shares of its common stock, exercisable for 30 days.
J.P. Morgan, BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers for the offering. Cowen and Company is acting as lead manager.
The offering is an 8% dilution and the stock is more than 10% off its highs,
50 day MA is $61.
Waiting to hear price of offering.
Dodd-Frank Financial Regulation was supposedly aimed at Wall Street, but it hit Main Street hard. Community financial institutions, which make the bulk of small business loans, are overwhelmed by the law’s complexity. Government figures indicate that the country is losing on average one community bank or credit union a day. Before Dodd-Frank, 75% of banks offered free checking. Two years after it passed, only 39% did so—a trend various scholars have attributed to Dodd-Frank’s “Durbin amendment,” which imposed price controls on the fee paid by retailers when consumers use a debit card. Bank fees have also increased due to Dodd-Frank, leading to a rise of the unbanked and underbanked among low- and moderate-income Americans. Has Dodd-Frank nevertheless made the financial system more secure? Many of the threats to financial stability identified in thelatest report of Dodd-Frank’s Financial Stability Oversight Council are primarily the result of the law itself, along with other government policies.
Read more at: http://www.nationalreview.com/corner
I spoke too soon!
$4 may be the TOP of the range?
I also wonder if LEU is still trading with the price of oil...
Oil down another 1.5% today.
I'm trying to figure out the range LEU is stuck in. So far, it's been a nice short-term buy any time it's under $4. Figuring when to sell is tougher.
Can LEU hang on until we get a pro-nuclear President?