(Reuters) -Billionaire investor Bill Ackman scrapped the launch of Pershing Square USA on Wednesday, days before the fund was slated to begin trading on the New York Stock Exchange. Ackman downsized the initial public offering (IPO) plans just a day earlier for the second time in a week, having seen at least one prominent pledged investor back out and undergoing...

SEOUL, Aug 1 (Reuters) - SK Innovation said on Thursday it expects strong oil refining margins in the second half of the year as OPEC+ production cuts buoy prices and the peak demand season for transportation, cooling and industrial use begins. The owner of South Korea's biggest refiner, SK Energy, posted an operating loss of 46 billion won ($33.6 million)...

(Reuters) -EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. The e-commerce giant's third-quarter revenue forecast, however, fell short of analysts' estimates, signaling effects of a tough economy. The company's strategic focus on specialized categories, such as auto parts, collectibles, and luxury accessories, has proved resilient amid...

July 31 (Reuters) - Parties involved in evaluating offers for Paramount Global ( PARAA ) have raised questions about the legitimacy of Apex Capital Trust's bid for the company, one source familiar with the matter told Reuters. Apex issued a press release Wednesday, claiming it had submitted a $43 billion all-cash offer to purchase Paramount, challenging a deal reached with...