August 5, 2019

Valero Port Arthur, Texas, refinery shuts HCU, SRU for overhaul: sources

Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources familiar […]
August 5, 2019

DoubleLine’s Gundlach says it’s ‘a little late’ to go into U.S. Treasuries after rally

It is “a little late” to purchase U.S. Treasuries, which have been rallying recently, and “if Treasury rates are going to fall from here, something bad […]
August 5, 2019

Walmart faces pressure to stop gun sales after latest U.S. mass shootings

Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at […]
August 5, 2019

Wall St. sinks as yuan slide inflames U.S.-China trade dispute

Wall Street’s major indexes posted their biggest percentage drop of the year on Monday as a fall in the yuan following U.S. President Donald Trump’s vow […]
August 5, 2019

Former United Auto Workers official gets 15 months in labor corruption case

A federal judge in Detroit on Monday sentenced the former United Auto Workers union vice president in charge of relations with Fiat Chrysler to 15 months […]
August 5, 2019

Trade worries sink stocks as yuan slides to a decade low

Stock markets around the world fell hard on Monday on fears that China’s willingness to let the yuan slide in response to the latest U.S. tariff […]
August 5, 2019

‘NBA 2K’, ‘Grand Theft Auto V’ help Take-Two surge past estimates

Videogame publisher Take-Two Interactive Software Inc raised its full-year revenue forecast on Monday, based on the success of its games “NBA 2K”, “Grand Theft Auto V” […]
August 5, 2019

U.S. Fed’s Brainard, George monitoring stock market rout

Federal Reserve officials said they were monitoring the U.S. stock market rout on Monday as they assess how renewed trade tensions between the United States and […]
August 5, 2019

New Media to buy USA Today-owner Gannett in $1.4 billion deal

Fortress Investment Group-backed New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, combining two of the […]
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