Marathon Petroleum to merge midstream units, posts surprise loss

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Marathon Petroleum to merge midstream units, posts surprise loss

(Reuters) – U.S. oil refiner Marathon Petroleum Corp said on Wednesday it would merge its midstream units in a $9 billion deal, and posted a surprise first-quarter loss due to higher prices of Canadian crude. The refiner said in October it planned to assess …
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New collaboration aims to enhance digital capabilities of law and accounting professionals

SINGAPORE – Legal and accounting professionals will be given opportunities to develop their digital skills under a new collaboration. The Singapore
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Bumper debut: Neogen Chemicals ends with 23% premium at Rs 264

Shares of speciality chemicals maker Neogen Chemicals closed at day’s high on May 8, the first day of trading on exchanges, despite weak market conditions. The stock rallied 22.58 percent to close at Rs 263.55 on the BSE, which was also an intraday high.
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Honda forecasts 6% rise in annual profit on Europe factory revamp

Honda Motor forecast on Wednesday a 6% increase in operating profit for the current fiscal year. The automaker cited cost reduction efforts and a restructuring of its production network in Europe. Honda expects profit to rise to 770 billion yen ($7 billion) in the …
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Coty's quarterly revenue falls short of estimates, hit by supply chain problems

(Reuters) – Cosmetics maker Coty Inc reported quarterly revenue that missed Wall Street expectations on Wednesday, hit by supply chain disruptions and lower demand for its beauty products that includes Cover Girl and Rimmel brands. The company has …
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