Friday, May 17 2013 7:01 AM EDT2013-05-17 11:01:29 GMT
The medical aid group Doctors Without Borders says one of its medical facilities located in a rural but violent region of South Sudan has been ransacked and destroyed. The group said Friday the attackMore >>
The medical aid group Doctors Without Borders says one of its medical facilities located in a rural but violent region of South Sudan has been ransacked and destroyed.More >>
Thursday, May 16 2013 7:35 AM EDT2013-05-16 11:35:35 GMT
Around 1:30 Thursday morning, the Owensboro Police Department responded to an armed robbery call at the Hampton Inn, located at 615 Salem Drive.Responding units spoke with the desk clerk, who advised thatMore >>
Responding units spoke with the desk clerk, who advised that a male subject entered the business armed with a rifle, and demanded money.More >>
Thursday, May 16 2013 6:53 AM EDT2013-05-16 10:53:21 GMT
Police say a 7-year-old boy is critically injured, after he was struck by a hit-and-run driver in Indianapolis. The boy was hit about 9:15 p.m. Wednesday on the city's south side. A police spokesman saysMore >>
Officers were told that the boy was trying to cross the busy two-lane street when he was hit.More >>
Wednesday, May 15 2013 6:53 AM EDT2013-05-15 10:53:05 GMT
European officials are investigating some of the world's biggest oil companies on suspicions of price manipulation over more than a decade. Shell, B-P and Statoil all say they're co-operating with theMore >>
The commission carried out unannounced inspections, because of concerns the companies may have worked together in reporting distorted prices.More >>
Tuesday, May 14 2013 6:24 AM EDT2013-05-14 10:24:09 GMT
LAPAZ, Ind. - Authorities say a northern Indiana farmer was fatally injured after his clothing became caught in irrigation equipment. The Marshall County coroner's office says family members found theMore >>
Authorities say a northern Indiana farmer was fatally injured after his clothing became caught in irrigation equipment.More >>
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SOURCE BNY Mellon
BNY Mellon Investment Manager Sees Opportunities as New Energy Sources Come On Line
NEW YORK and LONDON, Feb. 28, 2013 /PRNewswire/ -- The days of worrying about the threat of a devastating oil price hike are over, according to a white paper from The Boston Company Asset Management (TBC), LLC, the Boston-based equity specialist for BNY Mellon.
For decades, pundits have been trying to predict the point at which a sustained climb in oil prices would spark a near-collapse of the global economy. However, TBC's February 2013 paper, End of an Era: The Death of Peak Oil, contends structural shifts in the energy industry have insulated the global economy from dramatic spikes in oil prices, while simultaneously creating an array of investment opportunities.
After years of indifference, U.S. consumers have radically reduced their consumption of petroleum and related products, moderating demand in the world's largest market, according to the report. Concurrently, heightened investments and technological breakthroughs, such as fracking, have spurred an explosion in resources, creating balanced supply and demand, the report said.
Areas of investment opportunity highlighted in the report include exploration companies, energy service companies, pipeline and transportation companies, companies that benefit from the low cost of gas and associated liquids, and companies that sell products to firms that directly are involved in natural gas and oil production.
The changing environment for energy has created potential traps for investors, warns Robin Wehbe, who heads the energy research team at TBC and is a co-author of the report. "Exploration companies have become victims of their own success as natural gas discoveries have led to a glut of new supply and depressed prices," he said. "However, investors who can identify exploration companies operating in the most profitable and prospective shale plays can find opportunities."
Energy services companies drill wells and perform other services for the exploration companies. The report notes that services companies operating technologically advanced horizontal operating drilling rigs are integral to recovering the new sources of oil and gas from shale.
Increasing shale and oil production also is likely to create demand for more pipelines, separation and storage facilities to move crude oil and gas from the wells to refineries and other users. With the relatively strong predictability of future revenues, pipeline companies can then pay higher dividends to shareholders, the report said.
Utilities are expected to benefit from lower fuel costs, and lower natural gas prices are expected to benefit U.S.-based chemical companies, according to the report. These benefits also are expected to extend to refineries and manufacturers, the report said.
Notes to Editors:
The Boston Company Asset Management, LLC, a BNY Mellon Investment Management boutique, provides investment management services for corporate, public, mutual funds and union sponsored and jointly trusteed retirement plans, endowments and foundations.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
All information source BNY Mellon as of December 31, 2012. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Services Authority. A BNY Mellon Company.
Friday, May 17 2013 5:15 PM EDT2013-05-17 21:15:27 GMT
Two Henderson County schools are on lockdown as police search for a missing inmate. Henderson Police say Jefferson Elementary and Riverview preschool are on precautionary lockdown. HPD says they areMore >>
HPD says they are on the lookout for Nicholas Christian. Police say Christian was working at the jail garden and walked off.More >>
Friday, May 17 2013 10:21 PM EDT2013-05-18 02:21:45 GMT
NEW ALBANY, IN – New Albany police said Friday that a mother found dead along with her two young children in a creek in Binford Park in March drowned her two young children and then herself. New AlbanyMore >>
Investigators said Jaime Clutter, 35, suffered from mental illness -- possibly psychosis and postpartum depression -- when she walked her children to Binford Park March 13 and drowned them. More >>
Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Friday, May 17 2013 4:09 PM EDT2013-05-17 20:09:50 GMT
If you're looking for something fun to do that will get you outside this weekend, you might want to go to the second annual "Streets Alive" Festival in Evansville. Fulton will be shut down from MarylandMore >>
If you're looking for something fun to do that will get you outside this weekend, you might want to go to the second annual "Streets Alive" Festival in Evansville. More >>
Wednesday, May 15 2013 2:57 PM EDT2013-05-15 18:57:11 GMT
The old saying goes, "If you can't take the heat, stay out of the kitchen." Perhaps, this applies to Kitchen Nightmares, as well. An Arizona bakery was featured on Friday's episode of the Gordon RamseyMore >>
The old saying goes, "If you can't take the heat, stay out of the kitchen." Perhaps, this applies to Kitchen Nightmares, as well.More >>
Friday, May 17 2013 2:34 PM EDT2013-05-17 18:34:13 GMT
The Vanderburgh County Sheriff's Office says they expect to file felony charges against several members of a criminal group known as the "Felony Lane Gang". The Sheriff's Office believes that membersMore >>
The Vanderburgh County Sheriff's Office believes that members of the Felony Lane Gang targeted vehicles parked at the Goebel Soccer Fields at 6800 N. Green River Rd. during a soccer game on April 28.More >>
Friday, May 17 2013 5:46 PM EDT2013-05-17 21:46:20 GMT
KEENE, NH (WHDH/NBC) - A group of men and women in New Hampshire say they're just trying to help people avoid parking tickets, but Robin Hood and his merry men are looking at a lawsuit and could endMore >>
A group of men and women in New Hampshire say they're just trying to help people avoid parking tickets, but Robin Hood and his merry men are looking at a lawsuit and could end up paying the price.More >>
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