Joseph J Cristiano

Steelmaker Gerdau SA (GGB, GGBR3.BR, GGBR4.BR) posted a 9% increase in its second-quarter profit, above market expectations, as a rise in steel prices offset a drop in sales volume and the company benefited from deferred taxes.

Phillips 66 (PSX) will spend up to $1.5 billion in capital in 2012, mainly to increase the amount of crude its refineries take from the North American Mid-continent region, the company said Wednesday.

TD Ameritrade Holding Corp. (AMTD), E*Trade Financial Corp. (ETFC) and Vanguard Group Inc. are among the financial institutions that have stopped trading with Knight Capital Group Inc. (KCG), while several banks limited their trades with the company, one day after a glitch cost it $440 million and

Navistar International Corp. (NAV) will offer Cummins Inc. (CMI) engines in its heavy-duty trucks early next year as it adopts a pollution-reduction system used by the rest of the truck industry.

EOG Resources Inc.'s (EOG) second-quarter income rose 34% as the natural-gas-and-oil producer posted sharply higher oil output-benefit results, though prices for oil, natural gas and natural-gas liquids all fell.

Canadian regulators conducting an environmental review of Enbridge Inc.'s (ENB, ENB.T) Northern Gateway pipeline have been told they will have a limited time period to finish their work, as compelled by a new law that kicked in just a few weeks ago.

Federal authorities arrested a Bristol-Myers Squibb Co. (BMY) executive Thursday on charges he used confidential information about the drug maker's acquisition targets to make more than $300,000 in illicit profits from stock-option trading.

A construction crew punctured a gas pipeline in San Bruno, Calif., on Thursday near the site of a fatal 2010 pipeline explosion.

Public Storage's (PSA) second-quarter profit was roughly flat from a year ago as rental revenue improved, offset by currency exchange impacts.