Shradha Singh

Adidas exploring strategic options, including sale, for Reebok

Dec 14 2020

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

U.S. hedge fund launches activist campaign against LG's planned spin-off

Dec 14 2020

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".

HollyFrontier plans to double capex in 2021, boost renewables spending

Nov 30 2020

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. refiners' biofuel bills soar in oil market slump

Aug 11 2020

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.

HollyFrontier posts smaller-than-feared loss as demand picks up

Aug 06 2020

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.

Refiner Valero posts smaller loss than feared as demand rebounds

Jul 30 2020

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.

Bunge raises outlook as robust agribusiness powers profit beat

Jul 29 2020

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.

Pipeline company Enbridge posts quarterly loss, sees drop in Mainline oil volumes

May 07 2020

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.

Baker Hughes posts $10 billion loss as oil sector demand tanks

Apr 22 2020

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.

World News