Brent Crude Oil Tops $80 A Barrel


Brent crude oil tops $80 a barrel as market grows more concerned about Iran sanctions

Brent crude oil on Thursday topped $80 a barrel for the first time since November 2014, as the market grew concerned that the Trump administration’s effort to sanction Iran’s crude exports could be more successful than originally thought.

05_price_-_300_1
Oil prices hit $80 a barrel for the first time since November 2014

Brent, the international benchmark for oil prices, hit a session high of $80.33 a barrel on Thursday, its strongest level since Nov. 24, 2018. The contract was up 91 cents at $80.19 by 11:17 a.m. ET (1317 GMT).

U.S. West Texas Intermediate crude rose 40 cents to $71.89 a barrel. WTI earlier hit a high going back to Nov. 28, 2014 at $72.30 a barrel.

President Donald Trump announced last week he would withdraw the United States from the Iran nuclear deal and restore wide-ranging sanctions on Iran. His administration is gave companies 90 to 180 days to wind down current business with Iran subject to sanctions.

105046532-3ED3-WEX-030618-JohnKilduff.720x405
Prices rose on concerns that Iranian exports could fall

The market is becoming convinced that Trump will be able to disrupt crude exports after his administration slapped sanctions on the head of Iran’s central bank earlier this week, said John Kilduff, founding partner at energy hedge fund Again Capital .

“That showed that he’s not kidding around. It’s very much a forward-leaning, aggressive strategy against Iran,” he said.

A debate had raged in the market over the effectiveness of the sanctions, largely because China and key U.S. allies in Europe still support the nuclear deal. While some analysts said sanctions could wipe 1 million barrels per day of Iranian crude off the market, others said the impact would be limited to fewer than 500,000 barrels a day.

The Trump administration ultimately took a tougher stance than many expected, restoring all sanctions that were in place prior to their suspension in 2016.

default_news
Fewer exports would reduce supply in an already tightening market

The European Union is exploring ways to protect the continent’s companies, but the market is losing faith that Washington will issue sanctions waivers to the shippers, insurers and financial institutions necessary to bring Iranian oil to buyers, according to Kilduff.

“It’s not clear right now, but it’s becoming clearer that they will have a problem and oil will be coming off the market,” he said.

France’s Total on Wednesday warned it might abandon a multibillion-dollar gas project in Iran if it could not secure a waiver from U.S. sanctions, casting further doubt on European-led efforts to salvage the nuclear deal.

PDVSA-Foto-archivo_NACIMA20160128_0057_6Meanwhile, concerns are mounting over falling output in Venezuela after ConocoPhillips moved to seize the assets of Venezuelan state oil giant PDVSA.

“The screws are really tightening on Venezuela,” Dan Yergin, vice chairman of IHS Markit, told CNBC on Wednesday.

thumbnailimage.imgAlso boosting the market, the U.S. Energy Information Administration reported on Wednesday that oil in storage in the United States fell more than expected, dropping by about 1.4 million barrels. Stockpiles of refined products like gasoline and distillates also fell.

The United States is approaching the summer driving season, when refineries typically draw down inventories to meet increased demand at the gas pump.

indexHowever, the Paris-based International Energy Agency on Wednesday warned that recent strength in demand for oil could soon moderate. The adviser to developed nations knocked down its 2018 forecast for growth in demand from 1.5 million barrels a day to 1.4 million barrels a day in its monthly report.

“While recent data confirms strong growth in 1Q18 and the start of 2Q18, we expect a slowdown in 2H18 largely attributable to higher oil prices,” IEA said.

The agency also sees higher oil prices providing an incentive for U.S. drillers to pump more crude. It raised its expectation for U.S. oil output growth for 2018 by 120 thousand barrels a day.

The United States is now pumping more than 1.7 million barrels a day, according to the latest preliminary weekly reading from EIA. The nation’s drillers are quickly closing in on top producer Russia, which pumps about 11 million barrels a day.

cnbc-logo-transparentFor more information: CNBC.com/oil-markets-brent-edges-closer-to-80-per-barrel

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Advertisements

Symantec Corp. Share Price Crashes Over News Of Internal Investigation


Such investigations “almost never finish completely without issue” wrote one analyst, as stock plunges -34%

By

Like a computer virus, the bad news for Symantec Corp. (NASDAQ: SYMC) investors came all at once.

symanticShares of the cybersecurity software company plunged 35% in Friday morning trading to put them on track for their biggest one-day decline in 17 years and second-biggest loss in 29 years as a public company. The move came after management said late Thursday that the company’s audit committee was conducting an internal investigation into claims made by a former employee. Also hurting matters was that Symantec SYMC, -33.10%  issued a weaker-than-expected forecast for the current fiscal year and quarter.

FactSet Research Systems Inc. logo.pngAt least five analysts downgraded their ratings on Symantec’s stock, according to FactSet, and MarketWatch counted one more who was not in FactSet’s database. Just four of the 30 analysts who cover the stock rate it a buy, while 23 rate it a hold and three call it a sell, according to FactSet.

sym 465btig-logo“The fog created by an internal investigation of the company led by the audit committee of the board, with no semblance of detail provided to investors, overshadows everything else in Thursday’s Q4 and FY 2018 earnings,” wrote BTIG analyst Joel Fishbein, who downgraded the stock to neutral from buy. He was troubled by the fact that Symantec canceled analyst call backs and declined to take questions during the company’s earnings call.

norton llFishbein also pointed to the company’s lower-than-expected quarterly and annual outlook, which came as somewhat of a surprise to him given that Symantec seemed to be making some progress with the enterprise segment of its business.

“The Q1 and FY19 guidance, which imply a ~20% decline for Q1 and ~10%-11% decline for FY2019, make us wonder what, beyond accounting changes, is going on in the business,” he wrote.

Symantec’s investor relations chief said at the beginning of the company’s earnings call that “financial results and guidance may be subject to change based on the outcome of the audit committee investigation.”

Piper Jaffrey logo2.jpgThat disclosure gave Piper Jaffray analyst Andrew Nowinski pause. “Despite the strong results, we believe this investigation creates too much uncertainty to have confidence in management’s FY19 guidance, as this could affect historical results and future demand trends,” he wrote. Nowinski downgraded Symantec shares to neutral from overweight and lowered his price target to $24 from $32.

Moffett Nathans logo.pngMoffettNathanson analyst Adam Holt argued that trends already aren’t great at Symantec and “may get much worse” due to the internal investigation. “In our experience, they generally do, especially with highly acquisitive businesses,” he wrote. Such investigations, whether on an internal, external, or SEC level, “almost never finish completely without issue.”

Multiple-Antivirus-LogosHolt was also struck by management commentary on the potential for merger activity going forward. “Given the slowing growth in the enterprise where there are questions about share losses, the longer term relevance of the proxy server and the diminishing impact of product cycles, Symantec will likely have to do more deals and possibly a bigger one,” he wrote. Holt said that this concerns him given high multiples in the security industry and the high likelihood that a potential deal would be margin dilutive.

decrease.pngAs for the latest numbers, Holt calculated that short-term enterprise billings fell 15% in the most recent quarter. “Our checks suggested that Symantec was pushing multi-year deals, some as long as seven years, and durations…have been propping up billings growth, which isn’t sustainable.”

rs-143951-20120918-wallst-624x-1347983526Holt downgraded his rating to sell from neutral. He has a $20 price target on the stock.

Symantec’s stock is now trading at its lowest level since June 2016. Shares are down 39% over the past 12 months, while the S&P 500 SPX, +0.17%  has gained 13%.

CridtSights logo.gifThe company’s bonds tracked the stock price movement, prompting CreditSights to upgrade them to outperform from market perform.

seagate-logo.jpg“Symantec’s 2025s have widened by about 55 basis points since last night and are now yielding 5.5%, which is similar to Seagate and the BB index i.e. wider than most crossover tech credits,” analyst Jordan Chalfin wrote in a commentary.

Crossover credits are those that carry both investment grade and high-yield, or “junk,” credit ratings. Chalfin said his rating is “not for the risk-averse, as we have very limited information on the internal investigation.

He added that Symantec has been delivering and plans more debt reduction in fiscal 2019.

MArket Axxess logoSpreads on the 3.950% notes that mature in June of 2022, widened by 135 basis points to 250 basis points over comparable Treasury’s, according to MarketAxess. The price fell 5 points to 94.983 cents on the dollar to yield 5.333%, according to MarketAxess.

About Symantec Corporation:

Symantec_logo1 PNG.pngSymantec Corporation (NASDAQ: SYMC), the world’s leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. Likewise, a global community of more than 50 million people and families rely on Symantec’s Norton and LifeLock product suites to protect their digital lives at home and across their devices. Symantec operates one of the world’s largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats.

For additional information visit the corporate website at: symantec.com or connect with us on Facebook, Twitter, and LinkedIn.

marketwatch-logo_copyFor more information: marketwatch.com/symantec-stock-downgraded-about-internal-audit

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Flavored CBD Gummie Product To Be Offered By HempLifeToday.com


HempLife Today Enters the Nationwide Legal Full Spectrum CBD Edibles Gummies Market With a Nationwide Rollout in May

Denver, CO. Globe Newswire

HLT1Ubiquitech Software Corp. (Otc: UBQU) through its operating subsidiary HempLifeToday.com, announces the imminent offering of its newest CannazALL™ CBD product derived from legal Hemp. The New CBD Gummies will be available on the HempLifeToday.com Website by the end of May. The Gummies will come in a variety of delicious and popular flavors. The company, which has been in product development over the last several months, intends to announce more exciting and healthy CBD products in the coming weeks.

HLT2.pngThe CBD Gummies are scheduled to be on the HempLife Today Website by May 30th, and the Company will be tapping into the lucrative edibles market for full spectrum hemp products as well as CBD hemp products.

This will be the first new product to launch in 2018 and the Company will be announcing additional new products throughout the summer. The Company will keep shareholders informed of these additions as they come to fruition.

CannazAll CBD LogoCEO James Ballas said, “We are very busy bringing our new products to the HempLife Today Website, and we believe we will make up for some shortfalls the last quarter by doing so as the new products under development will open up many new avenues of marketing and bring more people to the awareness of our CannazALL CBD products. We have big things to come and are already expecting 4th quarter 2018 to be our biggest quarter yet.”

HempLife Today™ is expecting to continue to capitalize on the surging Cannabis market that many are projecting to reach 18 billion per year by 2021. With a strong percentage of this contributed to hemp based products the Company expects to continue its growth by offering quality CannazALL™ hemp derived CBD, and full spectrum hemp products to the public.

HLT4.png

The Company has initiated additional shareholders services and many shareholders have already reached out to our investor relations liaison Craig Fischer for corporate updates. The company intends to update on additional new product offerings throughout May, and will also have news on its new division called CryptoBuy™ in the near future.

About Ubiquitech Software Corp.:

Ubiquitech-Software-Corp-LOgO 990x309Ubiquitech Software Corp. (Otc: UBQU), through its subsidiaries is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, DirectResponse (DRTV) Television, Radio, Internet Content, and traditional marketing to drive traffic to the new and emerging multi-billion dollar industries like its subsidiaries HempLifeToday™ and CryptoBuy.com

About HempLife Today™:

HLT3HempLifeToday™ focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers HempLifeToday.com™ has developed multiple and proprietary CannazALL™ CBD oil products that include; It’s popular CBD Tinctures, Concentrated Oils, GelCaps, Skin Salve, e-liquid, and CannazALL Pets™ CBD products all offered @ HempLifeToday.com

About CryptoBuy:

Cryptobuy logoCryptoBuy.com focuses on the burgeoning new world of Crypto Currencies and is created to be a service to persons interested in tracking and trading the many existing and future Crypto Currencies worldwide.

Globe Nasdaq-APOFor more information: globenewswire.com/HempLife-Today-Enters-the-Nationwide-Legal-Full-Spectrum-CBD-Edibles-Gummies-Market

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Eddie Lampert Wants To Buy Sears Kenmore Brand


Walter Loeb

Let’s be realistic. Eddie Lampert, chairman of Sears Holdings (NasdaqGS: $SHLD), is not a merchant, and as a portfolio manager and investor, he has missed the mark. He has now announced to his board that his ESL hedge fund wants to buy the Kenmore brand and other assets from Sears Holdings.

sears 1Sears Holdings has slimmed down and reported sales in fiscal 2017 of $16.7 billion, from $22.1 billion the year before. The company reported a loss of $383 million or $3.57 a share. Of course, in his letter to shareholders, Lampert promised a transformation, which most investors could not believe.

He wants to acquire, through ESL Investments, the leading home appliance brand, which is Kenmore. In addition, Lampert also wants to acquire Sears Home Improvement Service (SHIP) and the PartsDirect business. Basically, he is treating Sears assets like a typical portfolio manager by selling pieces of a dying company. Lampert indicated that he is willing to pay $500 Million SHIP and PartsDirect.

Sears-logo-80D16A6CCE-seeklogo.comTrust in Sears was always based on three exclusive, quality brands. They were Kenmore appliances, Diehard batteries and Craftsman tools. Craftsman tools have been sold to Stanley Black & Decker for an estimated $900 million. It helped Sears’ cash flow but robbed it of a valuable, exclusive destination merchandise. I understand the new owners have expanded the line with new items that are very successful.

Lampert also sold Diehard batteries, which were exclusive at Sears and drew a lot of praise. In short, the attraction to shop at Sears is gone. The valuable brands that generated a lot of business for Sears are available on Amazon and everywhere else.

Sears 3.jpgI believe that the sale sale of the Kenmore brand could bring in about $800 million. That is no surprise since one-third of American home have these appliances in their home. The quality brand was introduced in 1927, and Whirlpool was and is the main manufacturer. Electrolux has also supplied some models. Home Depot, Lowe’s, Amazon and others have been aggressively chipping away at Sears’ dominance to gain business. Today, customers wonder if they can trust buying from the dying swan.

I believe that Lampert thinks he is trying to throw Sears a lifeline by selling assets. I respectfully disagree with his method. You do not sell valuable brands to competition. You do not tear down the company unless his strategy is to close more stores and give Seritage Holding the opportunity to rebuild their malls with valuable tenants.

I believe a strong, flamboyant merchant with youthful savvy could make Sears a fashion destination. Instead, Sears has sold some locations to Primark, which will benefit by generating increased customer traffic in excellent locations.

ForbesComLogo-300x150For more information: forbes.com/sears-eddie-lampert-wants-to-buy-kenmore

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Notion Integrates with HomeAdvisor® for Instant Water Leak Support


Notion Smart Home Sensor taps HomeAdvisor to help homeowners take immediate action and mitigate damages at the first sign of water

Denver/ PRNewswire

PlumberNotion, the complete home awareness solution powered by a multi-purpose IoT smart home sensor, today announced a first-of-its-kind integration with HomeAdvisor, the Colorado-based marketplace connecting homeowners to prescreened professionals for home projects. The integration with HomeAdvisor, called Plumber Matching, marks Notion’s first partnership with a service provider to enable homeowners to immediately contact a local and available plumber when a water leak is detected.

Notion’s low-cost and easy-to-install home monitoring system gives homeowners the flexibility to monitor and receive real-time alerts on things happening across their entire home—from motion and temperature changes to sounding alarms and water leaks. By utilizing HomeAdvisor’s “Instant Connect” technology, Notion has layered on professional services to empower users to take action on water-related events quickly and easily, before significant damage occurs.

Here’s how Notion’s Plumber Matching works:

  1. When Notion detects a water leak, a homeowner receives a notification with an option to connect instantly with a professional plumber.
  2. After the homeowner fills out their contact information, HomeAdvisor’s technology matches them with an available plumber.
  3. Once matched, the plumber will call the homeowner directly to schedule service.

iphone“We’re thrilled to partner with HomeAdvisor to solve real problems for homeowners and amplify what they can do to make their home as safe as possible,” said Brett Jurgens, CEO and co-founder of Notion. “We’ve started with Plumber Matching knowing that water is the biggest threat to a home, but we’ve only scratched the surface of what’s possible. We’re excited to roll out our partnership with HomeAdvisor to deliver a more fully automated and stress-free life to homeowners across the country. This is what home automation should really be about.”

Insurance Information Institute LogoAccording to the Insurance Information Institute, about one in 50 insured homes has a property damage claim caused by water damage or freezing each year, and results in an average insurance claim of $8,000. The integration between Notion and HomeAdvisor bridges the gap between major home damage and the challenge of finding a trusted professional to quickly resolve the incident, assess damages, and start repairs.

ANGI-Logo-300x186-BlueIn addition to its integration with HomeAdvisor, today Notion is also launching multi-user support, enabling a homeowner to share access to their Notion system with other people they trust, like family members or neighbors. The feature will allow additional managers to monitor a home’s activity and set individual alert preferences.

Since its public launch in 2016, Notion has delivered more than nine million peace of mind messages to homeowners and has helped them save more than $1 million in property damages in the last year alone.

About Notion:

notion-logo-blackNotion helps people protect the things they love most with an all-in-one smart home sensor, mobile app, and advanced data science. Notion detects water leaks, sounding smoke alarms, temperature changes, doors, garages and windows opening and closing, and more. More than home security, Notion delivers real-time peace of mind.

For more information please visit:  getnotion.com

About HomeAdvisor:

HomeAdvisor® (NASDAQ:ANGI) is a digital marketplace evolving the way homeowners connect with service professionals to complete home projects. With HomeAdvisor’s on-demand platform, homeowners can find and vet local, prescreened home service professionals; view average home project costs using True Cost Guide; and instantly book appointments online or through HomeAdvisor’s award-winning mobile app, which is compatible with all iOS, Android and virtual assistants. HomeAdvisor is based in Golden, Colo., and is an operating business of ANGI Homeservices.

For more information: homeadvisor.com

For more information: https://www.prnewswire.com/homeadvisor-partnership-pairs-smart-home-technology-with-plumbing-services

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

BlueLinx Acquisition of Cedar Creek Completed


Atlanta and Oklahoma City, Globe Newswire

BlueLinx (NYSE:BXC), a leading distributor of building and industrial products in the United States, today announced that it has completed its previously announced acquisition of Cedar Creek, a leading building products wholesale distributor specializing in a wide variety of building products.

BlueLinx customersThe combination of BlueLinx and Cedar Creek creates one of the largest wholesale distribution companies in the building products industry, with combined revenue of approximately $3.2 billion in 2017. With one of the largest product offerings in the industry and over 70 locations, the combined company will utilize its broad footprint to better serve its extensive network of customers.

steellinx_about_us“We are pleased to announce today that we have finalized the strategic acquisition of Cedar Creek which marks a new, transformative era for our company,” said Mitch Lewis, President and Chief Executive Officer of BlueLinx. “We are in an even stronger position to continue to drive growth, deliver differentiated value to our customers and suppliers, and generate strong returns for our shareholders.”

Cedar_Creek truckAlex Averitt, recently appointed Chief Operating Officer of BlueLinx, said, “The Cedar Creek family is pleased to join forces with BlueLinx, and we are confident that the combination of our companies creates significant value for all our stakeholders.  Our deep and unyielding commitment to our customers and focus on organic growth will be the driving force as we achieve our goal of becoming the leading wholesale building products distributor in the United States.”

BlueLinx used net proceeds from debt issuance under its amended $750 million ABL revolving credit facility (inclusive of a $150 million accordion) and a new $180 million term loan to fund the purchase price, repay debt and to pay certain related transaction fees and expenses.  Excess availability under the ABL and cash on hand as of the closing approximated $157 million.

About BlueLinx:

BlueLinx Logo ReversedBlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building and industrial products in the United States. The Company is headquartered in Atlanta, Georgia and operates its distribution business through its broad network of distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC. Additional information about BlueLinx can be found on its website.

Visit the corporate website at: BlueLinxco.com

About Cedar Creek:

Cedar Creek LogoCedar Creek, established in 1977 as wholesale building materials company, provides building products for the heart of America. The Company is headquartered in Oklahoma with operations in the United States, offering a wide range of products that vary by region.

Visit the corporate website at: CedarCreek.com

For more information: globenewswire.com/BlueLinx Completes Acquisition of Cedar Creek

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

truCrowd, Inc. Sells Equity Stake to Digital Arts Media Network, Inc.


truCrowd Sells Stake to Public Growth Accelerator

Chicago, IL, Globe Newswire

truCrowd, Inc., owner and operator of Regulation CF crowdfunding portal truCrowd.com, announced today that the Company has executed an agreement with Digital Arts Media Network, Inc.  (DATI), to sell to the Public Accelerator-Incubator (PAI), an equity stake of up to 39.89% percent in the Company, in an effort to grow the SEC registered, FINRA member crowdfunding portal.

DATI pic 1.png

BlockchainVincent Petrescu, President of truCrowd, Inc., said, “We have strategically aligned the company with DATI in an effort to ramp up the successes we’ve had so far.  We also look to properly take advantage of the surge in those blockchain related projects looking to work within the current framework of the SEC. We believe that by taking responsibility for our own social and cultural output, promoting the appropriate use of Reg. CF portals, we can both support traditional capital formation and Reg CF compliant blockchain related projects.”

Angel investor concept with businessman with wingsDATI is a specialized tech accelerator focused primarily on expediting capital formation by providing angel and early-stage investors access to liquidity, faster.  As part of DATI’s Invest+ program, the Public Accelerator-Incubator has purchased a 19.9% equity stake in truCrowd which will vest over 6 months, with an option to acquire an additional 19.99%.  DATI will also provide capital formation services to the Company through its Angels+ program.  The deal was made with the anticipation (by both managements) that truCrowd, being 1 of only 38 Reg. CF portals  currently registered with FINRA, would be able to better leverage management’s long-standing experience in the crowdfunding space, along with the portal’s current success in meeting client’s/issuer’s capital targets, if a strategic partner could assist with financing, deal flow, business development and execution.

startengine-CF-logoMr. Petrescu concluded, “We see the StartEngine as an example of what truCrowd can accomplish as a starting point with the right strategic alliances.  With 87,000 registered users and an estimated valuation of $65M dollars, StartEngine has raised roughly $35M for clients, leveraging a combination of Reg. D, Reg. A+ and Reg. CF.  Through our relationship with DATI and the experience its team brings from the public markets, startup community, and venture capital markets, we are confident that we can achieve great success and build truCrowd into a prosperous enterprise.”

It is important to note, the parties to the transaction are requesting comments from truCrowd’s regulatory body prior to consummating the transaction.  Accordingly, the parties may be required to eliminate or modify some of the provisions of the transaction prior to the final closing.

About truCrowd, Inc.:

trucrowd logoLocated in the heart of the financial district of downtown Chicago, truCrowd is a FINRA member equity crowdfunding portal operating under Regulation Crowdfunding (Title III of JOBS ACT); connecting startups and emerging businesses with non-accredited and accredited investors. Built on the belief that not all businesses and investors are alike, we pride ourselves on delivering a personalized and professional funding experience through industry-leading technology.

Please Visit our Corporate Website at: us.truCrowd.com

About Digital Arts Media Network, Inc.:

digital arts network PNG.pngDigital Arts Media Network, Inc. (OTCMKTS: DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Arts Media Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.

Twitter: twitter.com/DigitalArtsDATI
LinkedIn: linkedin.com/digital-arts-media-network
Facebook: facebook.com/DigitalArtsMediaNetworkDATI
Medium: medium.com/@DigArtsMedNet

Globe Nasdaq-APOFor more information: globenewswire.com/truCrowd-Inc-Sells-Stake-to-Public-Accelerator

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Oil At $60 A Barrel For The First Time in Over 2 Years


Oil prices spiked to their highest level in two and a half years after a pipeline exploded in Libya

NOC-logo-350x177.pngLibya’s state-run National Oil Corporation said the explosion jeopardized output by up to 100,000 barrels a day. The cause of the blast was unclear, the agency said.

U.S. crude oil prices spiked up to 2.5% Tuesday to more than $60 a barrel, the highest level since June of 2015. Last month, oil prices jumped after the Keystone pipeline shut down following an oil spill.

1511119891727Still, prices remain low compared with $100-a-barrel prices three years ago.

There’s been a glut of oil in recent years, forcing the Saudi-led OPEC cartel to cut production to lower supply.

Oil crashed in 2014 and 2015 and reached a low of $26 a barrel in 2016. Prices slowly rebounded after the 14-member OPEC group agreed to limit production. OPEC agreed in November to extend those cuts until the end of 2018.

Libya is one of two countries in OPEC that doesn’t have a cap on oil production because of unrest.

OPEC logo.pngOPEC originally tried to flood the market with cheap oil in the face of the U.S. shale boom, but backpedaled on the strategy as it became clear it was waging a losing battle.

With the war against OPEC halted and shale production re-energized, the U.S. is poised for record oil output in 2018.

–CNNMoney’s Matt Egan contributed to this story.

CNN_Money_logo_(old)For more information: money.cnn.com/2017/12/26/news/oil-prices-libya

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Right On Brands Introduces Premium CBD Flavored Water: Endo Water


Los Angeles, CA, Dec. 21, 2017 (Globe Newswire)

ROB endo water ad.pngRight On Brands, Inc. (OTCQB: RTON) today announced the introduction of Endo Water the first offering of a premium CBD product line to be marketed by Right On Brands. All of the future CBD offerings will be a part of Endo Brands family of products a wholly owned subsidiary of Right On Brands. The first shipment of product has been received by Right On Brands, and an aggressive launch in Southern California is planned for early 2018.

Endo Brands CBD’s are a healthy addition to enhance the wellness of your life. CBD oil can now be formulated to be used with food, drink or in your favorite snacks. Other beneficial applications of CBD’s have been created as lotions, creams, topical shampoos and is effective for your pets.

Endo Water is a pH balanced water infused with a 99.5% pure CBD oil processed using Nano Technology that makes the particles one-millionth of its normal size. This process allows the Nano-Sized CBD’s to immediately penetrate your cells as opposed to the lengthy process of being absorbed by the body’s digestive system.

ad1Foundermade picture 6b“We first showed Endo Water at the November Foundermade Consumer Discovery Show in New York City” states Daniel Crawford CEO, “we received amazing feedback on the taste, design, and overall qualities of the product, we are going to be able to bring premium CBD products to consumers at an amazing price. Consumers will find Endo Water at select Los Angeles retailers and on our corporate website. Southern California is the primary target for retail sales corporate advertising promotions concentrating on this region to achieve maximum product saturation. We will announce a new wholesaler deal very soon and this new partner will team up with Right On Brands to penetrate Southern California with Humbly Hemp and Endo Brands products. As our preparations and trade agreements have fallen into place Humbly Hemp and Endo Brands promises 2018 will be a breakout year for Right On Brands.”

About Endo Water:

Endo Brands logoCBD water is formulated to deliver superior hydration and maximum absorption in the human body. Endo Water is a premium alkaline water infused with 99.5% pure Nano sizes CBD for easy absorption and faster relief for a myriad of ailments. Endo Water uses a patented technology for pH balanced, micro-clustered for antioxidant protection and oxygenated for improved performance and energy. This is a first of its kind flavored hemp beverage. We use food grade essential oils derived from the named flavors to deliver a thirst quenching beverage, with zero sugar, and no artificial flavoring.

Available in four flavors: Berry Acai, Lemon Lime, Cucumber, Watermelon

Order Endo Water at: https://www.endobrands.com/

About Right On Brands, Inc.:

Right On Brands logoRight On Brands, Inc., a Los Angeles based consumer goods company specializing in the brand development of health conscious, hemp-infused food and beverage products.  The company consists of three subsidiaries Humbly Hemp, Endo Brands, and Humble Water Company.

Humbly Hemp is a product line of delicious hemp-based products. The snack line features hemp-based foods that will delight the palette of consumers and thrill retailers with Americas fastest growing food category. (Available on Amazon.com)

  • Humbly Hemp snack bars are straightforward, delicious, and jam-packed with the best ingredients on earth. Each bar is kosher, vegan, soy free, dairy free, gluten-free, and free of all top 11 allergens. Our protein bars are based with Gluten Free Rolled Oats, Hemp seeds, and Plant Protein.
  • We offer three flavors: Cinnamon Date, Berry Vanilla and Cocoa + Sea Salt.

Order Humbly Hemp at: https://www.humblyhemp.com/

Endo Brands CBD’s are a healthy addition to increasing the wellness of your life. CBD oil can now be formulated to be used with food, drink or in your favorite snacks.

  • Endo Water is pH balanced, micro-clustered for antioxidant protection and oxygenated for improved performance and energy. Available in four flavors: Berry Acai, Lemon Lime, Cucumber, Watermelon

Order Endo Water at: EndoBrands.com

Humble+Water+COHumble Water Company is a natural spring water sourced from an ancient ice age aquifer untouched by man at the foothills of the mighty Rocky Mountains located at the only triple watershed in North America. Our water source is surrounded by a pristine wilderness protected by the Blackfeet Indians ensuring the purest of water sources. Our deep underground aquifer is the reason Humble Water doesn’t need to go through any man-manipulated purification processes. Humble Water is high in natural alkalinity and pure as the driven snow from where it came.

Visit our corporate website at: https://RightOnBrands.com

For more information: globenewswire.com/Right-On-Brands-RTON-Introduces-Premium-CBD-Flavored-Water-Endo-Water

Globe Nasdaq-APO.pngDisclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Hunter Harrison CSX Chief Has Died


Hunter Harrison Took Medical Leave on Thursday

Jacquie McNish

CSX_transp_logo.svg.pngWhen Hunter Harrison wanted to impress business associates, he arranged meetings in the trophy room of his sprawling Double H horse farm near Palm Beach, Fla. Rows of shelves are stuffed with ribbons, medals and trophies earned by his jumping horses.

csx-09-01-17-hunter-harrison-2Scattered among the laurels are photographs of Mr. Harrison and many of the executives who helped carry him to victory with his controversial methods for shaking up laggard railroads.

By the time visitors left the room, Mr. Harrison had usually made his point. “I want people to understand that I am accustomed to winning,” he told a reporter in 2015.

At the time of his death on Saturday at the age of 73, Mr. Harrison had left unfinished his most challenging assignment, the turnaround of CSX Corp.

He joined the Jacksonville, Fla., railway in March of this year as CEO after he ignited a shareholder revolt by joining forces with a Wall Street activist to replace CSX’s long-serving boss and some directors.

Illinois-central-logo.jpgEver since he took the helm at troubled Illinois Central Railway in the 1990s Mr. Harrison earned a reputation as a driven and disruptive force in a centuries old industry struggling with high operating costs and heightened competition from shipping rivals.

His ability to rapidly pare railway budgets, speed up freight deliveries and challenge union-backed work rules at Illinois Central, Canadian National Railway Co. and Canadian Pacific Railway Ltd. earned him many fans on Wall Street. Unions and customers frequently challenged his harsh tactics.

Canadian Pacific railway logo.pngThe sting of his contrarian views were tempered with a caramel-rich Southern drawl and folksy stories drawn from his childhood in Tennessee, where his father, a one-time policeman, earned a living as a traveling preacher.

Mr. Harrison said in an interview with the Wall Street Journal in early 2017 that he hoped CSX would rank as his greatest triumph because the railroad was bigger, its network more intricate and investor support more substantial than any other challenge faced in his career.

BN-WQ061_3kDdc_OR_20171216144737.jpgHis past success with railroad turnarounds earned him such a loyal investor following that news of his interest in running CSX sparked a $10 billion surge in its market value in January. Shareholders voted in June to approve a special $84 million payment to cover lost compensation at his previous job, despite the onset of health problems that required him to use an oxygen machine and work mostly from his horse farm.

Ewing Hunter Harrison was born in Memphis on Nov. 7, 1944. His father’s gift for sermons helped shape Mr. Harrison’s management style as he rose through the ranks at a variety of railroads. To spread the gospel about his new approach, Mr. Harrison organized retreats called Hunter Camps. At these pep talks he would ask managers and employees to challenge long-standing industry practices to strip away costs and speed up the trains.

Burlington Northern railiroadHe started his railroad career while still in college in 1963 as a 19-year-old laborer squirting oil under train carriages for the St. Louis-San Francisco Railway. He then moved to Burlington Northern Railroad, reaching the position of vice president of transportation and service design. In 1993, he joined Illinois Central Railroad as a senior executive and later that year was appointed chief executive. Mr. Harrison was named chief operating officer of Canadian National Railway after it acquired Illinois Central in 1998. He became CEO in 2003.

Canadian-Pacific-12.jpgWhen he teamed up with activist Bill Ackman to mount a proxy battle to change the leadership of Canadian Pacific in 2012, Mr. Harrison told a crowded Toronto meeting of hundreds of investors that they could “hang me in Times Square” if he failed to deliver a more profitable railway.

Shortly after he was appointed CP’s CEO in 2012, Mr. Harrison set the tone for extensive changes at the railroad by telling a reporter: “There is a new sheriff in town. … He may be mean and ugly, but he knows about railroading and he is going to make this company successful.”

Mr. Harrison is survived by his wife, Jeannie, and daughters Elizabeth (Libby) Julo and Cayce Judge.

Wall street journal rectangle.pngFor more information: wsj.com/csx-ceo-hunter-harrison-has-died

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.