JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won more investor support this year than in 2012 to remain chairman, surviving a push to divide the roles after the biggest U.S. bank suffered a record trading loss.
Spot gasoline in San Francisco gained against futures as Tesoro Corp.’s Golden Eagle refinery returned to normal operations after a power failure and Valero Energy Corp.’s Benicia plant restored electricity to its products rack.
U.S. Gulf Coast gasoline weakened to the lowest level in almost three weeks as Phillips 66 restarted its Sweeny, Texas, refinery and Exxon Mobil Corp. returned a unit to service at its Baytown plant, also in Texas.
Shrinking water levels threaten to cut Mindanao’s power supply by as much as a third just as President Benigno Aquino seeks to convince voters he’s reducing electricity shortages in the Philippines’ second-biggest island.
The Philippines is investigating the failure that left Manila and almost half of Luzon island without power yesterday, and the May 13 elections won’t be marred by blackouts, President Benigno Aquino said.
Total Petrochemicals USA Inc. and Motiva Enterprises LLC were among the companies that reported refinery flaring in Port Arthur, Texas, due to a power failure, according to recorded messages posted on the Southeast Texas Alerting Network.