American oil refiners set for strong quarterly results

Nvidia-Backed Firmus Scraps Australian IPO, Citing Market Conditions The cloud-computing company scrapped plans for what would have been Australia's largest initial public offering in almost 30 years. -- American Oil Refiners Are Printing Money as Wars Shrink Global Energy Supplies The earnings of independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are set to crush the near-record results of the June quarter. -- For Walmart, Replacing Humans With Robots Is a Multibillion-Dollar Struggle Machines programmed to sort merchandise in warehouses hit kinks with cardboard boxes and turkeys.

" -- SpaceX Makes Big Play to Become a Wireless Carrier Elon Musk's space company is buying spectrum licenses to help build a mobile network to compete with telecom giants. S. S. 4 million.

-- American Airlines Is the Worst for Bumping Passengers. Now It Says It Will Stop. The carrier, which was responsible for 60% of fliers who were involuntarily removed from flights, said test programs worked to curb the practice. -- Trump Throws His Weight Behind Credit-Card Legislation Most Feared by Banks The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards.

-- Taylor Farms to Curb Lettuce Sales From Mexico After Massive Cyclospora Outbreak After thousands of foodborne illnesses this year, the produce giant will suspend some harvesting and processing during peak summer months. S. Will Suspend Microsoft and Other Firms From Green Card Program The move comes as the Trump administration targets alleged abuses of immigration systems. -- Michigan Files Antitrust Suit Against Blue Cross Blue Shield Over Rising Costs The state attorney general alleges the insurer used its dominant position to drive up health costs for patients.

-- Microsoft Forms New Xbox Unit Focused on Film, TV in Turnaround Effort The new division, dubbed XP, aims to help Xbox's roster of video games grow their fan bases, and connect with them more deeply, Microsoft said. 2 Billion President and CEO Clay Gaspar said the deal is the outcome of an ongoing portfolio review and sharpens the company's focus on its highest-return and longest-duration assets. -- Anglo American Warns of Brazilian Closure if EU Vetoes MMG Nickel Deal The EU opened an investigation into the deal over concerns that MMG-majority owned by state-owned China Minmetals-could divert ferronickel supplies away from European markets.

(END) Dow Jones Newswires October 09, 2026 03:00 ET (07:00 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.