AutoNation names new CEO, posts strong quarterly profit
AutoNation Inc , the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.
Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems
Fitch Ratings and Moody’s lowered their outlooks for Boeing Co to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service.
Philadelphia Energy Solutions shutting down remaining refinery units: source
Philadelphia Energy Solutions’ 335,000 barrel-per-day (bpd) refinery began permanently shutting its remaining refinery units on Monday, said a source familiar with plant operations. The shutdown will finish in a few days.
Apple in advanced talks to buy Intel’s smartphone-modem chip business: WSJ
Apple Inc is in advanced talks to buy chipmaker Intel Corp’s smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Shipping companies sue Philadelphia Energy Solutions for $600,000 in unpaid bills
Three Greek shipping companies sued U.S. refiner Philadelphia Energy Solutions Inc (PES) for about $600,000, claiming the company did not pay them for fees incurred by crude oil tankers chartered earlier this year, court documents showed.
Ford to upgrade Chicago plant for SUVs, hire 450 workers
Ford Motor Co said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs.
Halliburton profit exceeds analysts estimates as costs cut; shares rise
Halliburton Co on Monday reported a second-quarter profit that beat analysts’ estimates as its largest oil-well services unit exceeded expectations, sending shares to their biggest one-day gain in nearly three years.
Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor
U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor.
Oil prices strengthen more than 1% on Iran risk
Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week.
Whirlpool earnings beat estimates as higher prices offset tariff impact
Whirlpool Corp on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset higher production costs.
