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By Erwin Seba HOUSTON (Reuters) – TotalEnergies was preparing on Friday to restart the gasoline-producing fluidic catalytic cracker (FCC) over the weekend at its 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery, said people familiar with plant operations. Following the FCC’s restart, the company plans to restart the refinery’s coker and small crude distillation unit (CDU), …

TotalEnergies preparing Port Arthur, Texas FCC for restart, sources say Read More »

MILAN (Reuters) – Telecom Italia’s (TIM) Chief Executive Pietro Labriola has warned investors the company could need to raise billions in capital if the planned sale of its network to U.S. fund KKR collapsed, two sources briefed on the matter said. Labriola met a few dozen investors in Milan on Friday after presenting a new …

Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say Read More »

ROME (Reuters) – Italy’s Amplifon said on Friday it plans to boost voting rights, taking advantage of a recently approved capital markets bill. Amplifon, the world’s leading hearing aid retailer, is one of the first Italian listed companies to take such a step since the controversial law was passed by parliament last month. The law …

Italy’s Amplifon to boost voting rights using new capital markets bill Read More »

(Reuters) -Mercedes-Benz CEO Ola Kallenius almost doubled his remuneration last year thanks to high bonus payouts, a company report published on Friday showed. Including pension costs, the CEO took home 12.7 million euros ($13.9 million) last year, an 80% increase from the previous year, according to the report. The increase makes Kallenius one of the …

Mercedes CEO nearly doubled 2023 remuneration with big bonus boost Read More »

(Reuters) – Former Apple executive Pete Distad will be the CEO of the sports streaming joint venture formed by Walt Disney, Warner Bros Discovery and Fox Corp, the media companies said on Friday. Distad worked at the iPhone maker for about a decade and led teams that launched the Apple TV and the MLS Season …

Former Apple exec to head sports venture formed by Disney, Fox, Warner Bros Discovery Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Luxembourg’s largest brewery Brasserie Nationale must seek EU approval to acquire Luxembourg wholesale drinks distributor Boissons Heintz following a request from that country’s competition agency, EU antitrust regulators said on Friday. The European Commission said it was using its power under Article 22 of EU merger rules that …

Luxembourg brewery deal needs EU antitrust approval, regulator says Read More »