Chevron ordered to halt oil spill into California canyon
* Stories are summarized by an A.I.
* Stocks or companies mentioned: CVX, Huawei, MSFT, GOOG, ED, WMT, BA, KR, and Kaluga Queen
Chevron ordered to halt oil spill into California canyon
CVX (Chevron Corporation) | Houston Chronicle
SAN FRANCISCO (AP) — California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt the flow. The seep out of the ground where Chevron injects steam to extract underground crude oil has been happening on and off since May. The company also said the spill is not near any waterway and has not significantly affected wildlife. The order was issued by Jason Marshall, the new acting head of the state's Division of Oil, Gas and Geothermal Resources. But if it remains in effect and the company doesn't comply, the division says the company faces fines and more enforcement action that could include regulators rejecting Chevron applications for future oil well operations.
Read More
Huawei Planning "Extensive" US Layoffs
002502 (Huawei Technology Company Ltd) | Zero Hedge
Huawei Technologies Co. is expected to slash hundreds of jobs at a US-based R&D subsidiary, according to the Wall Street Journal. The 'extensive' layoffs will affect workers at Futurewei Technologies, which employes around 850 people at labs across the country, including California, Texas and Washington State. Some of Huawei’s Chinese employees in the U.S. were being given the option of returning home and staying with the company, another person said. Huawei founder Ren Zhengfei said last month that the measure would cost Huawei $30 billion in lost revenue this year and next. On Tuesday, Commerce Secretary Wilbur Ross said the U.S. would begin granting export licenses to Huawei suppliers whose sales to the Chinese company don’t put national security at risk.
Read More
Microsoft is shutting down its internet board and card games
MSFT (Microsoft Corporation) | Engadget
The first ones to lose access will be Windows XP and Windows ME users. For them, compatible games (everything except MSN Go) will vanish in mere days on July 31st, 2019. They'll have access to Backgammon, Checkers, Spades and MSN Go until January 22, 2020, or roughly a week after Microsoft ends normal support for Windows 7 itself. Microsoft would no doubt prefer that you upgrade to a Windows 10 system and play something from its own app store, though. Microsoft stopped regular maintenance of Windows XP and ME years ago -- Internet Games on those platforms were clearly living on borrowed time, and Windows 7 isn't far behind.
Read More
Gene Therapy: The Next Penicillin?
NVS (Novartis AG) | Value Walk
Gene therapy is the replacement of a faulty or missing gene. The biggest news in gene therapy recently was the approval of Novartis’ therapy for spinal muscular atrophy (SMA), a rare muscle wasting disease. Luxturna is another gene therapy with a sky-high price tag that is worth every penny to patients and their families. That week’s episode focused on gene therapy. Gene therapy, while upfront costs are expensive, actually will save the system thousands of dollars per patient and in some cases, millions.
Read More
Fake Cryptocurrency Apps Found on Google Play as Bitcoin’s Price Increases
GOOG (Alphabet Inc) | Crypto News
For the past few months, attackers have capitalized on the high Bitcoin prices to scam users by using fake apps. Though they have since been cut from Play Store, the apps had already been downloaded by thousands of innocent users. 22 Apps containing MalwareThis is not the first time crypto apps are being counterfeited. Even though the fake apps are no longer available on Google Play, you can’t rule out the possibility of similar scams in the future. Though automatic updates allow timely access to newer software versions, it’s prudent to disable them when dealing with crypto apps.
Read More
Power Utility Searches For Cause of Massive Manhattan Blackout
ED (Consolidated Edison Inc.) | The Wall Street Journal
Engineers spent Sunday examining power equipment to root out the cause of a massive outage that plunged a swath of Manhattan into darkness a day earlier. The focus of Consolidated Edison Inc.’s investigation was a large transmission substation in Midtown, which became de-energized Saturday night before the blackout, according to Consolidated Edison of New York President Timothy P. Cawley.
Read More
Inside a ‘food desert,’ group plans fresh, community market
WMT (Walmart Inc) | AJC
But a group of Stone Mountain residents is working to bring more life to the small town. The community-led “SMV Market” will supply residents with fresh food and other essentials you could find at a grocery store, said Lewis, who is leading the effort. The market hopes to set up shop in downtown Stone Mountain later this year or early 2020. “The goal here is to really bring fresh food into our city center,” Lewis said, noting that SMV Market — short for Stone Mountain Village Market — will proritize selling food from local farmers and other food providers. The idea for the store sprouted when Lewis and other residents became frustrated with the small, 6,300-person city’s limited fresh food shopping options.
Read More
Airlines cancel thousands of flights as Boeing works to fix 737 Max software problems
BA (Boeing Co) | The Washington Post
The three U.S. airlines that operate MAX jets — American Airlines, United and Southwest — announced in recent days they will cancel 737 MAX flights through Nov. 2, Nov. 3 and Oct. 1 respectively, affecting hundreds of flights every day. [FAA discovers new safety concern during Boeing 737 Max test]That timeline assumes, however, that regulators do not find additional problems with the jet or its related software fixes. “The FAA is following a thorough process, not a prescribed timeline, for returning the Boeing 737 Max to passenger service,” an FAA spokesman said Sunday. Then, in early March, another Boeing Max jet went down in Ethiopia under similar circumstances, killing 157 people. And in June the FAA discovered an entirely new safety problem with the 737 Max, requiring the company to undertake yet another software fix.
Read More
Kroger partners with Myriad Genetics on genetic testing pilot
KR (Kroger Company (The)) | Med City News
Kroger Health, the healthcare arm of the grocery store chain, has teamed up with genetic testing company Myriad Genetics, on a pilot meant to help employees receive personalized treatments for depression. The Cincinnati, Ohio-based company is offering select Kroger Health Plan members access to Myriad’s GeneSight, which analyzes specific genes as a way to predict the effectiveness of 56 common medications for depression. Myriad touts its test’s ability to help improve depression patient outcomes, thereby boosting employee productivity and reducing healthcare and drug spend. Last year, the company started a partnership with Walgreens to offer Kroger products in the pharmacy chain’s locations. Kroger has increasingly looked at its retail footprint as a delivery point for healthcare products and services.
Read More
China produces loads of “black gold,” but will caviar lovers bite?
Kaluga Queen | Quartz
Today, most of the world’s caviar comes from sturgeon fish farms in 50 nations, including the US, France, Italy and Iran. The demand for the pricey fish eggs, known as “black gold” or alternately “black pearls,” is rising dramatically in China. By 2020, China is projected to consume 100 tons of caviar every year, the China Sturgeon Association predicted last year. That means Chinese luxury lovers will be snacking on half of the world’s fancy fish eggs in short order. Top caviar purveyors, like Paris-based Petrossian, reportedly do purchase Chinese caviar, however, they tend not to say that this is where their sturgeon eggs originated.
Read More
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* Stocks or companies mentioned: CVX, Huawei, MSFT, GOOG, ED, WMT, BA, KR, and Kaluga Queen
Chevron ordered to halt oil spill into California canyon
CVX (Chevron Corporation) | Houston Chronicle
SAN FRANCISCO (AP) — California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt the flow. The seep out of the ground where Chevron injects steam to extract underground crude oil has been happening on and off since May. The company also said the spill is not near any waterway and has not significantly affected wildlife. The order was issued by Jason Marshall, the new acting head of the state's Division of Oil, Gas and Geothermal Resources. But if it remains in effect and the company doesn't comply, the division says the company faces fines and more enforcement action that could include regulators rejecting Chevron applications for future oil well operations.
Read More
Huawei Planning "Extensive" US Layoffs
002502 (Huawei Technology Company Ltd) | Zero Hedge
Huawei Technologies Co. is expected to slash hundreds of jobs at a US-based R&D subsidiary, according to the Wall Street Journal. The 'extensive' layoffs will affect workers at Futurewei Technologies, which employes around 850 people at labs across the country, including California, Texas and Washington State. Some of Huawei’s Chinese employees in the U.S. were being given the option of returning home and staying with the company, another person said. Huawei founder Ren Zhengfei said last month that the measure would cost Huawei $30 billion in lost revenue this year and next. On Tuesday, Commerce Secretary Wilbur Ross said the U.S. would begin granting export licenses to Huawei suppliers whose sales to the Chinese company don’t put national security at risk.
Read More
Microsoft is shutting down its internet board and card games
MSFT (Microsoft Corporation) | Engadget
The first ones to lose access will be Windows XP and Windows ME users. For them, compatible games (everything except MSN Go) will vanish in mere days on July 31st, 2019. They'll have access to Backgammon, Checkers, Spades and MSN Go until January 22, 2020, or roughly a week after Microsoft ends normal support for Windows 7 itself. Microsoft would no doubt prefer that you upgrade to a Windows 10 system and play something from its own app store, though. Microsoft stopped regular maintenance of Windows XP and ME years ago -- Internet Games on those platforms were clearly living on borrowed time, and Windows 7 isn't far behind.
Read More
Gene Therapy: The Next Penicillin?
NVS (Novartis AG) | Value Walk
Gene therapy is the replacement of a faulty or missing gene. The biggest news in gene therapy recently was the approval of Novartis’ therapy for spinal muscular atrophy (SMA), a rare muscle wasting disease. Luxturna is another gene therapy with a sky-high price tag that is worth every penny to patients and their families. That week’s episode focused on gene therapy. Gene therapy, while upfront costs are expensive, actually will save the system thousands of dollars per patient and in some cases, millions.
Read More
Fake Cryptocurrency Apps Found on Google Play as Bitcoin’s Price Increases
GOOG (Alphabet Inc) | Crypto News
For the past few months, attackers have capitalized on the high Bitcoin prices to scam users by using fake apps. Though they have since been cut from Play Store, the apps had already been downloaded by thousands of innocent users. 22 Apps containing MalwareThis is not the first time crypto apps are being counterfeited. Even though the fake apps are no longer available on Google Play, you can’t rule out the possibility of similar scams in the future. Though automatic updates allow timely access to newer software versions, it’s prudent to disable them when dealing with crypto apps.
Read More
Power Utility Searches For Cause of Massive Manhattan Blackout
ED (Consolidated Edison Inc.) | The Wall Street Journal
Engineers spent Sunday examining power equipment to root out the cause of a massive outage that plunged a swath of Manhattan into darkness a day earlier. The focus of Consolidated Edison Inc.’s investigation was a large transmission substation in Midtown, which became de-energized Saturday night before the blackout, according to Consolidated Edison of New York President Timothy P. Cawley.
Read More
Inside a ‘food desert,’ group plans fresh, community market
WMT (Walmart Inc) | AJC
But a group of Stone Mountain residents is working to bring more life to the small town. The community-led “SMV Market” will supply residents with fresh food and other essentials you could find at a grocery store, said Lewis, who is leading the effort. The market hopes to set up shop in downtown Stone Mountain later this year or early 2020. “The goal here is to really bring fresh food into our city center,” Lewis said, noting that SMV Market — short for Stone Mountain Village Market — will proritize selling food from local farmers and other food providers. The idea for the store sprouted when Lewis and other residents became frustrated with the small, 6,300-person city’s limited fresh food shopping options.
Read More
Airlines cancel thousands of flights as Boeing works to fix 737 Max software problems
BA (Boeing Co) | The Washington Post
The three U.S. airlines that operate MAX jets — American Airlines, United and Southwest — announced in recent days they will cancel 737 MAX flights through Nov. 2, Nov. 3 and Oct. 1 respectively, affecting hundreds of flights every day. [FAA discovers new safety concern during Boeing 737 Max test]That timeline assumes, however, that regulators do not find additional problems with the jet or its related software fixes. “The FAA is following a thorough process, not a prescribed timeline, for returning the Boeing 737 Max to passenger service,” an FAA spokesman said Sunday. Then, in early March, another Boeing Max jet went down in Ethiopia under similar circumstances, killing 157 people. And in June the FAA discovered an entirely new safety problem with the 737 Max, requiring the company to undertake yet another software fix.
Read More
Kroger partners with Myriad Genetics on genetic testing pilot
KR (Kroger Company (The)) | Med City News
Kroger Health, the healthcare arm of the grocery store chain, has teamed up with genetic testing company Myriad Genetics, on a pilot meant to help employees receive personalized treatments for depression. The Cincinnati, Ohio-based company is offering select Kroger Health Plan members access to Myriad’s GeneSight, which analyzes specific genes as a way to predict the effectiveness of 56 common medications for depression. Myriad touts its test’s ability to help improve depression patient outcomes, thereby boosting employee productivity and reducing healthcare and drug spend. Last year, the company started a partnership with Walgreens to offer Kroger products in the pharmacy chain’s locations. Kroger has increasingly looked at its retail footprint as a delivery point for healthcare products and services.
Read More
China produces loads of “black gold,” but will caviar lovers bite?
Kaluga Queen | Quartz
Today, most of the world’s caviar comes from sturgeon fish farms in 50 nations, including the US, France, Italy and Iran. The demand for the pricey fish eggs, known as “black gold” or alternately “black pearls,” is rising dramatically in China. By 2020, China is projected to consume 100 tons of caviar every year, the China Sturgeon Association predicted last year. That means Chinese luxury lovers will be snacking on half of the world’s fancy fish eggs in short order. Top caviar purveyors, like Paris-based Petrossian, reportedly do purchase Chinese caviar, however, they tend not to say that this is where their sturgeon eggs originated.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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