(Reuters) – U.S. oil refiner Marathon Petroleum Corp (MPC.N) missed Wall Street forecasts for quarterly profit by a wide margin on Monday, as its expenses surged during a period of increased refining activity. … …read more […]
(Reuters) – Allergan Plc’s quarterly profit topped Wall Street forecasts, driven by higher sales of its medical aesthetics products including blockbuster wrinkle treatment Botox.
TORONTO (Reuters) – Canada’s stock exchange, the world’s sixth largest, is set to reopen on Monday after its operator said over the weekend that it fixed the error that halted the market for several hours on Friday afternoon.
Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion, forming a company that would leapfrog Valero Energy Corp as the largest independent U.S. refiner by capacity. Shale oil fields have pushed U.S. crude production to record highs and industry experts argue operations that have capacity to refine light crude like Andeavor will be better positioned to take advantage of the boom. Andeavor also runs refineries in Alaska, California, Minnesota, New Mexico, North Dakota, Texas, Utah and Washington which should complement Marathon’s …read more […]
Despite monster earnings beats from Microsoft Corporation (NASDAQ:MSFT), Intel Corporation (NASDAQ:INTC) and Amazon.com, Inc. (NASDAQ:AMZN), the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) closed near flat Friday. …read more […]
And better yet, their high yields mean they pay you a lot! …read more […]
BERLIN (Reuters) – Germany on Monday dampened hopes that an exemption from U.S. tariffs on steel and aluminum could be extended for European Union countries, but called for trade negotiations to continue regardless of whether the levies are applied.
NEW YORK (Reuters) – The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal biofuels law, according to two industry sources briefed on the matter.
BEIJING (Reuters) – Volkswagen AG , the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi’s services.
WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and AT&T will give closing arguments on Monday in a trial to determine if the wireless giant, owner of pay TV provider DirecTV, will be allowed to buy movie and TV show maker Time Warner .
These seemingly minor blunders could really end up costing you. …read more […]
SYDNEY (Reuters) – World stocks are set to notch up a positive month for the first time since January, as a slew of positive earnings from U.S. technology firms and marquee M&A deals help soothe memories of February tremors.
LONDON (Reuters) – Sainsbury’s has agreed to buy Walmart’s Asda for about 7.3 billion pounds ($10 billion) to create Britain’s biggest supermarket group by market share, overtaking long-standing industry leader Tesco .
Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and remained set for a second straight month of gains. Oil prices were supported by supply concerns amid prospects that the United States could reimpose sanctions on Iran, while OPEC-led producers continue to withhold output. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $67.82 a barrel, down 28 cents, or about 0.4 percent, from their last settlement. …read more […]
LONDON (Reuters) – Sainsbury’s and Asda, the UK arm of Walmart , confirmed on Monday they had agreed a 13.3 billion pounds ($18.33 billion) merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco .
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