Chevron May Have to Replace Parts of Richmond Refinery Unit-Official
California inspectors have not closely assessed the damage sustained by a crude distillation unit in Chevron Corp.'s (CVX) Richmond refinery, but they suspect the oil giant may have to make time-consuming replacements of some of the unit's parts, a local inspection official said Tuesday.
Standard Chartered to Pay $340M Fine
Standard Chartered has agreed to pay a fine of $340 million to the New York Department of Financial Services after superintendent Benjamin M. Lawsky charged the bank with hiding more than 60,000 financial transactions amounting to more than $250 billion for Iranian state-owned banks.
India's ICICI Bank Sells $750 Million in U.S. Bond Market
India's second-largest bank by assets, ICICI Bank Ltd. (IBN, 532174.BY), tapped the U.S. bond markets with a $750 million deal of 5.5-year notes Tuesday.
Wells Fargo to Pay $6.5 Million to Settle Charges Tied to MBS Sales
Wells Fargo & Co. (WFC) agreed to pay more than $6.5 million to settle charges by the Securities and Exchange Commission that the bank's brokers didn't properly disclose to customers the risk of mortgage-derivative investments.
Shell, Philip Morris Lead Bond Issuance Frenzy
A better-than-expected U.S. retail sales report helped companies to continue borrowing at some of the lowest rates for corporate bonds ever recorded Tuesday.
Katanga Mining Swings to 2nd-Quarter Loss; Sees Fewer Power Outages
Toronto-listed Congolese copper and cobalt miner Katanga Mining Ltd. (KAT.T, KATFF) Tuesday reported a swing to a second-quarter net loss because of lower copper sale volumes and prices.
TJX 2nd-Quarter Net Rises 21% on Strong Same-Store Sales
TJX Cos.' (TJX) fiscal second-quarter earnings rose 21% and topped its increased guidance as the off-price seller of brand-name apparel and home furnishings saw its same-store sales growth strengthen.
Ukraine is Said to Pick Exxon Mobil-Shell Group for Black Sea Oil Exploration -FT
Ukraine has selected a joint bid led by Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC (RDSA) for oil and gas exploration under the Black Sea, according to three people familiar with the situation, the Financial Times reported Tuesday.
Standard Chartered, NY Reach Settlement: Reports
Standard Chartered PLC on Tuesday reached a settlement with New York's banks regulator related to allegations the bank engaged in money laundering over a period of several years.
Fisker Taps Chevy Volt Executive As New CEO
Privately-held electric car maker Fisker Automotive on Tuesday named former General Motors Co. executive Tony Posawatz as chief executive officer of the Anaheim, Calif.-based company.