Oil Giant Vitol Handed Record $2.2 Billion Payout to Its Traders

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Oil Giant Vitol Handed Record $2.2 Billion Payout to Its Traders

… a total of more than $14 billion in the past 15 years to its partners, according to the company's audited annual accounts, seen by Bloomberg News.
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Walmart temporarily closes Alabama store following COVID-19 cases

Walmart plans to temporarily close a store in Mobile to disinfect and restock following COVID-19 cases among staff there. The Walmart on 5245 Rangeline Service Road S will close at 4 p.m. Saturday and reopen at 7 a.m. Monday. “We understand the role we …
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Realty Income Is Likely To Have Write-Offs In Its 2nd Quarter Earnings

GAAP accounting requires that landlords recognize rents on a straight-line basis, i.e., they record the average revenue for a lease every year even
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Marathon Martinez Refinery 'indefinitely idled'

MARTINEZ, Calif. – The Marathon Petroleum Co. will “indefinitely idle” its refinery in unincorporated Contra Costa County and convert the site to a terminal facility, the company announced on its website Friday night. The company is also putting a New Mexico …
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LATAM Airlines to fire 'at least' 2700 workers in Brazil

BRASILIA (Reuters) – LATAM Airlines (LTM.SN) will fire “at least” 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs and cope with an industry collapse due to the COVID-19 pandemic.
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