U.S. Midwest oil refiners boost output, cut region’s dependence on Gulf Coast
NEW YORK (Reuters) – U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade…
JPMorgan reaches beyond its branches with new mobile account app
NEW YORK (Reuters) – In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices.
Fidelity chairman deals with fallout from sexual harassment claims
BOSTON (Reuters) – Less than a year into her tenure as chairman of Fidelity Investments, Abigail Johnson faces a crisis amid allegations that the mutual fund giant has a men’s club mentality.
Noble Group to sell oil liquids business to Vitol, flags big third quarter loss
SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter.
Cisco nears deal to acquire BroadSoft: source
SAN FRANCISCO (Reuters) – Cisco Systems Inc , the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc for close to $2 billion, a person familiar with the matter said on Sunday.
Japan shares at two-decade top, yen at three-month low on Abe win
SYDNEY (Reuters) – Japanese shares jumped on a weaker yen on Monday as an election win for Shinzo Abe’s ruling bloc gave a green light for more super-easy policy stimulus, while the euro eased as Spain’s constitutional crisis aggravated concerns about …
JPMorgan partners with data start-up to boost fixed-income trading
NEW YORK (Reuters) – JPMorgan Chase & Co has partnered with data analytics start-up Mosaic Smart Data to help its fixed-income sales and trading business become more profitable.
Noble Group to sell oil liquids business to Vitol for $580 million
SINGAPORE (Reuters) – Struggling Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million, as part of its strategy to shrink its businesses to cut debt.
Consumer goods firms harness online data to tap Southeast Asia e-commerce boom
SINGAPORE/BANGKOK (Reuters) – When diaper maker DSG International (Thailand) wants to know what its customers are thinking, it often turns to Lazada, an e-commerce firm majority-owned by Alibaba Group Holding .
Yen at three-month lows on Abe win, euro struggles with Spain
SYDNEY (Reuters) – Japan’s yen hit three-month lows on Monday as an election win for the government gave a green light for super-easy monetary policy, while the euro eased as Spain’s constitutional crisis aggravated concerns about political unity in th…
