As diesel price soars, U.S. refiners seize the moment, sell future output
NEW YORK (Reuters) – U.S. diesel futures have soared about 40 percent in the last two months, prompting independent refiners to pounce, selling future output on the view that resurgent domestic demand and higher exports may turn out to provide only a b…
Exclusive: Couche-Tard, 7-Eleven parent vying for CST Brands – sources
(Reuters) – Canada’s Alimentation Couche-Tard Inc and Japan’s Seven & i Holdings Co Ltd have submitted indicative offers to acquire U.S. convenience store retailer CST Brands Inc , people familiar with the matter said on Thursday.
Storage sunrise: Solar battery makers eye take-off as prices fall
MELBOURNE/SYDNEY (Reuters) – When Frances Miao put solar panels on the rooftop of her three-storey home in the Sydney suburb of Hunters Hill, the emergency doctor planned to wait five years before spending more on battery storage.
BP agrees to pay $175 million to settle claims with shareholders
(Reuters) – BP Plc agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in the Gulf of Mexico.
Japanese investigators raid Suzuki Motor over false tests
TOKYO (Reuters) – Japanese investigators raided Suzuki Motor Corp’s headquarters on Friday as they probe the minicar maker’s use of improper fuel economy tests, an official said.
United Continental, Delta Air Lines possible bidders for Avianca: WSJ
(Reuters) – United Continental Holdings Inc and Delta Air Lines Inc are among the possible bidders for Colombia’s Avianca Holdings SA , the Wall Street Journal reported, citing people familiar with the matter.
Healthcare helps Wall St. to slight gains; jobs report next
NEW YORK (Reuters) – Wall Street closed slightly higher on Thursday as fresh data gave a rosier view of the economy and further gains for healthcare shares countered declines in energy names.
Investors pull $1 billion from Pimco Total Return Fund in May
NEW YORK (Reuters) – Investors pulled approximately $1 billion from the Pimco Total Return Fund, one of the world’s largest bond funds, in May following cash withdrawals of the same amount the previous month, the Newport Beach, California-based firm sa…
Gannett takes heart from Tribune Publishing shareholder vote
(Reuters) – Gannett Co Inc seized on a vote on board director nominees by Tribune Publishing Co shareholders on Thursday to claim that the publisher of the Los Angeles Times and Chicago Tribune should engage with it in acquisition talks.
Satellite industry revenue tops $208 billion in 2015: trade group
CAPE CANAVERAL, Fla. (Reuters) – Global revenue from the satellite industry reached $208 billion in 2015, a 3 percent increase over 2014, a trade association report released on Thursday showed.
