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Waters Corporation latest news:
Harvey's flooding blamed in major gasoline spill in Texas
A petroleum company says Hurricane Harvey's floodwaters triggered a spill of almost a half-million gallons of gasoline from two storage tanks along the Houston Ship Channel.
Lenders, investors breathe easier as U.S. hurricane waters recede
NEW YORK, Sept 11 (Reuters) - Financial institutions with
exposure to U.S. properties hit by Hurricanes Harvey and Irma
are tempering their loss estimates, as the damage to homes and
businesses has been far less severe than expected.
Popular insurance fund marks best daily gain in 6 years even as Hurricane Irma looms
Prominent insurance-linked funds logged their best daily gains in years on Friday, even as Hurricane Irma was ready to lash deadly rains and winds at Florida, among a trio of powerful storms brewing in the Atlantic. Still, PowerShares KBW Property & Casualty Insurance Portfolio jumped 3.7% on Friday, matching the exchanged-traded fund's best one-day rise since Nov. 30, 2011, according to FactSet data. All of its components finished in the green, led by a nearly 7% gain in shares of Maiden Holdings Ltd. and a 5.8% rise in XL Group Ltd.. A component of the Dow Jones Industrial Average , Travelers Cos. Inc. , rallied 4%, its best day in about five years, since Dec. 5, 2012. Its gain alone added about 30 points to the price-weighted Dow's tepid climb on Friday. Other popular insurance closed sharply higher. The SPDR S&P Insurance ETF ended up 2.8% and the iShares U.S. Insurance ETF closed 2.6% higher. Despite, Friday's odd gains, most of the insurer funds were set to log steep declines. The property and casualty ETF booked a 3.4% weekly decline, the iShares insurance fund slumped 1.8% drop for the period, while the SPDR insurance registered a weekly decline of 2.8%. Winds from Hurricane Irma, already the most powerful Atlantic hurricane on record, on Friday picked up steam as it barreled toward Florida, prompting Gov. Rick Scott to urge all Floridians to evacuate. The approaching storm comes less than two weeks since Hurricane Harvey devastated much of Houston and parts of Louisiana. Besides Irma, hurricanes Katia and Jose are also swirling in the Atlantic. In broader markets, the S&P 500 index closed off 0.2% at 2,461, while the Nasdaq Composite Index ended down 0.6%. The Dow finished in the green on back of Travelers. The insurance giant wiped out its weekly decline to show slight weekly advance. One rationale for insurer gains on the day is the hope that Irma will produce less damaging floodwaters and lasting damage, compared with Harvey. 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.
Harvey to impact car sales, prices after flooding thousands of vehicles
Floodwaters submerged cars in driveways, garages and dealership lots, potentially setting up months of higher sales in Houston.
UPDATE 5-Crews rescue hundreds from homes and cars as Harvey floods Houston
HOUSTON, Texas, Aug 27 (Reuters) - Emergency crews raced to
pull people from cars and homes as flood waters rose across
southeast Texas on Sunday, rescuing more than 1,000 people in
the Houston area as Tropical Storm Harvey pounded the region.
Kuwait says oil spill strikes its waters in Persian Gulf
Kuwait says an oil spill has struck its waters in the Persian Gulf.
The Sea Level Did, in Fact, Rise Faster in the Southeast U.S.
Scientists may have found the culprit of sudden tidal flooding: Two atmospheric patterns that combined to cause fast-rising waters along the coast.
Repsol says drilling suspended on Vietnam oil block disputed by China
MADRID, Aug 2 (Reuters) - Spain's Repsol said it
had suspended oil drilling in a block off Vietnam, where the
prospecting in South China Sea waters claimed by China had
infuriated Beijing and brought Chinese pressure on Vietnam to
World's first floating wind farm emerges off coast of Scotland
The revolutionary technology allows wind power to be harvested in waters too deep for current turbines.
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