Marathon Petroleum profit beats forecasts but slumps 63% on lower refining margins
By Laura Sanicola and Arshreet Singh (Reuters) – U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit…
Networking startup Nile raises $175 million to challenge Cisco
By Krystal Hu (Reuters) – Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel,…
Oppenheimer strategist projects S&P 500 will eclipse record high by year end
By Lewis Krauskopf NEW YORK (Reuters) – Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its…
Goldman Sachs’ head of partner family office Opoku to leave -memo
NEW YORK (Reuters) – A senior Goldman Sachs executive, who oversaw the firm’s office that manages the wealth of its…
European shares start August on sour note as global factory activity falters
By Sruthi Shankar, Amruta Khandekar and Shristi Achar A (Reuters) -European stocks fell on Tuesday, with the German DAX pulling…
Norwegian Cruise sails south as higher costs hit Q3 profit target
By Granth Vanaik (Reuters) -Norwegian Cruise Line on Tuesday forecast downbeat third-quarter profit after a strong second quarter, as elevated…
Four Nigerians, rescued in Brazil, survived 14 days on a ship’s rudder
By Steven Grattan SAO PAULO (Reuters) – On their tenth day at sea, the four Nigerian stowaways crossing the Atlantic…
LensCrafters to pay eyeglass customers $39 million over Accufit claims
By Jonathan Stempel NEW YORK (Reuters) – LensCrafters agreed to pay $39 million to settle a lawsuit by prescription eyeglass…
Top US utility group opposes emissions plan for existing gas plants-source
By Nichola Groom and Valerie Volcovici WASHINGTON (Reuters) -The top U.S. utility lobby group intends to push back against the…
Enterprise reports lower Q2 earnings as margins tighten
By Stephanie Kelly NEW YORK (Reuters) -U.S. energy infrastructure group Enterprise Products Partners LP reported lower earnings for the second…