German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike Inc on its home turf. | Video
SEOUL/BENGALURU U.S.-based hedge fund Whitebox Advisors LLC publicly opposed a spin-off plan by South Korea's LG Corp, saying the plan "sacrifices minority shareholder return in order to resolve a family succession issue".
U.S. refiner HollyFrontier Corp on Monday outlined plans to nearly double its capital expenditure in 2021, boosting its renewables investment and counting on an expected recovery in fuel demand after the coronavirus pandemic tanked consumption.
U.S. oil refiners this quarter are expected to spend the most since at least 2018 to meet U.S. biofuels requirements, further pressuring margins hit by the collapse since March in global prices and demand.
U.S. refiner HollyFrontier Corp posted a smaller-than-expected loss on Thursday as demand for its products picked up in the quarter due to easing of coronavirus-led travel restrictions.
Independent U.S. refiner Valero Energy Corp reported a smaller-than-expected quarterly loss on Thursday, adding that it saw "a rapid recovery" in demand for its products as the quarter progressed.
Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after its second-quarter profit handily beat Wall Street estimates, bolstered by oilseed crushing and robust crop exports to China.
Canadian pipeline operator Enbridge Inc on Thursday reported a loss for the first quarter compared with a profit a year earlier, hit by nearly C$4 billion in charges related to its investment in DCP Midstream and derivative losses.
Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion (8.09 billion pounds) first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices crushed demand for services and equipment.