LONDON, Oct 11 (Reuters) - Weak refining margins due to a slowdown in global demand for fuel and lower oil trading results will dent BP's third-quarter profit by up to $600 million, the British oil major said on Friday. Global oil refiners are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed...

MILAN (Reuters) - Italy's Brembo said on Friday it had agreed to buy suspension technology manufacturer Ohlins Racing for $405 million, in the premium brake maker's biggest ever acquisition. Swedish-based Ohlins will be fully acquired from Apollo Global Management-backed Tenneco and will be paid through available cash, Brembo said in a statement. Brembo Executive Chairman Matteo Tiraboschi said Ohlins was...

03:31 AM EDT, 10/11/2024 (MT Newswires) -- Eric S. Yuan, Director, Chief Executive Officer, on October 08, 2024, sold 58,454 shares in Zoom Video Communications ( ZM ) for $4,037,548. Following the Form 4 filing with the SEC, Yuan has control over a total of 93,093 shares of the company, with 93,093 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1585521/000158552124000223/xslF345X05/wk-form4_1728610871.xml Price: 70.75, Change:...

LONDON (Reuters) - Belgian insurer Ageas is in exclusive talks to set up a 20-year motor and home insurance broking partnership with British over-50s holiday group Saga, the two companies said on Friday. Under the deal, Ageas would also buy Saga's insurance underwriting business for 67.5 million pounds ($88.1 million). The partnership would see Ageas UK operate Saga's motor and...