A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Health officials confirmed another 41 measles cases last week, the Centers for Disease Control and Prevention said Monday, bringing the total to 880 for the year, already the...Health and Scienceread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Little Caesars will sell a pizza topped with plant-based sausage crumbles made by Impossible Foods for the pizza chain. This marks the first time a national pizza chain is...Restaurantsread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
HOUSTON, May 14 (Reuters) - A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday.
About 9,000 barrels of gasoline spilled into the channel near Bayport, Texas, when a 755-foot (230-meter) tanker collided over the weekend with a Kirby Inland Marine tugboat towing two barges containing the fuel.
Salvage operations were continuing on Tuesday on one barge that ruptured and a second vessel that capsized.
Thirty-five ships were waiting at 6 a.m. local time (1100 GMT) to enter the 53-mile (85-kilometer) waterway connecting the refining hubs of Houston and Texas City, Texas, to the Gulf of Mexico, down from 45 vessels on Monday afternoon, Bayport Channel Collision Response said.
Fourteen outbound vessels were waiting on Tuesday, said the group, which is overseeing the cleanup and salvage. Another 119 ships were at anchorage awaiting transit.
Emergency workers have not yet begun cutting into the hull of the capsized barge, which has six tanks with fuel that will have to be drained. Responders are considering towing the barge before removing the fuel, but timing remains unclear, officials said.
The Houston Ship Channel could remain under one-way travel restrictions all week, according to JJ Plunkett, port agent for the Houston Pilots, which guides ships through the channel.
The Houston area is home to nine oil refineries that process 12% of the national total.
Shares of Kirby Corp, operator of the tugboat towing the barges involved in the collision, were up 1.6% at $80.92, after tumbling 4% on Monday. (Reporting by Collin Eaton; Editing by Bernadette Baum)