A push by Warren Buffett’s railroad to boost oil-shipment safety is meeting resistance from Hess Corp. and other companies that say the plan would mean a surge in costs and force them to scrap thousands of tank cars.
Options traders are turning bullish on Verizon Communications Inc., convinced it can wring extra profit from its wireless venture and that the stock will rebound after Vodafone Group Plc shareholders are done selling.
Exxon Mobil Corp. increased the proportion of its reserves made up of oil to the highest in a decade as shale-drilling expertise acquired in the $35 billion XTO Energy deal was mobilized to find crude.
3M Co. is working with Goldman Sachs Group Inc. to sell components of its electronics business that the industrial- and consumer-products maker has decided are underperforming, people with knowledge of the matter said.
Target Corp. shares jumped the most in more than four years after fourth-quarter profit topped estimates and the retail chain said it was beginning to recover from a data breach that struck during the holiday season.
Lowe’s Cos., the second-largest U.S. home-improvement chain, posted a 6.3 percent profit gain as the housing rebound spurred renovation spending. The company also announced a plan to buy back $5 billion in shares.