News That Matters

Tag: week

Damage to pipeline that spilled oil last week in Texas repaired

Damage to pipeline that spilled oil last week in Texas repaired

Business
July 17 (UPI) -- Repairs to a pipeline that ruptured last week in Texas and spilled 1,200 barrels of oil have been completed and the line is back in service, the operator said.A handful of homes were evacuated Thursday after the release from the Longhorn pipeline system, operated by Magellan Midstream Partners. The company said a contractor working on the pipeline struck a fitting during routine maintenance activities, causing the spill."The release, which occurred on the morning of July 13th, was not a pipeline rupture," the company explained in an emailed statement. "It is clear that the release was caused by a contractor striking a below ground fitting on Magellan's Longhorn Pipeline with construction equipment."In an emailed update, the company said repairs were completed and the line ...
Senate GOP leaders hope for health care vote next week

Senate GOP leaders hope for health care vote next week

Health
Republican leaders are hoping to stage a climactic vote on their health care bill next week, though internal rifts over divisive issues like coverage requirements and Medicaid cuts leave the timing and even the measure's fate in question. "We need to start voting" on the GOP bill scuttling much of President Barack Obama's health care law, No. 2 Senate GOP leader John Cornyn of Texas told reporters Monday. Some Republicans said a revised version of the bill could be introduced Thursday, and Cornyn said the "goal" was for a vote next week. Cornyn cited seven years of unresolved Republican debate over how to replace the 2010 statute during which "we gain a vote, we lose a vote." That underscored a sense among top Republicans that they had little to gain by letting their disputes drag on much...
Weighing The Week Ahead: A Seinfeld Market?

Weighing The Week Ahead: A Seinfeld Market?

Finance
Shutterstock photoBy Jeff Miller :Trading desks will be closer to normal staffing. Chair Yellen's biannual Congressional testimony will be a feature on Wednesday and Thursday, but the economic calendar is light. With little going on, the punditry will be wondering:What should we expect for the rest of 2017?Last Week RecapThe big economic news last week featured employment - as expected. The start of the G20 meetings and North Korean missile tests grabbed some headlines, but without much effect on stocks.The Story in One ChartI always start my personal review of the week by looking at this great chart from Doug Short via Jill Mislinski. Despite the Thursday selling, the result for the week was essentially unchanged (up 0.07%). Not much in the way of fireworks!Doug has a special knack for ...
What we are reading: For week ending June 23, 2017

What we are reading: For week ending June 23, 2017

Finance
At ET Wealth, we know that your time is precious. There is information overload for investors and not all of it would be useful and helpful in decision making. And, it's true even for us. So, along with the ET Wealth 's daily dose of articles on personal finance, we will help bring to your notice some truly interesting articles/blogs/videos in the realm of personal finance from across the globe. These are interesting pieces we have read over the week and found. Five reasons why stock markets aren't going to crashGlobal stock markets are close to record highs, valuations look stretched and investors are nervous. Is a major crash around the corner? Personal finance: The true cost of ‘me’Do you really know how much it takes to sustain your life in one month, or have allowances and expens