The deal could be announced as soon as next week, according to the report.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
(Adds company comments)
June 21 (Reuters) - A massive fire was burning out of control in Philadelphia at the largest and oldest oil refinery on the U.S. East Coast on Friday morning.
The blaze broke out at the Girard Point section of the 335,000-barrels-per-day Philadelphia Energy Solutions refinery early in the day, the company said, adding that the fire was still burning.
"Refinery emergency response crews and the Philadelphia Fire Department are attempting to bring the fire under control. We are in the process of accounting for all personnel. There were no significant injuries," a company spokeswoman said.
Energy intelligence provider Genscape reported the fire had shut the crude section at Girard Point.
Police had closed roadways surrounding the refining complex, the spokeswoman added.
Video footage showed the refinery engulfed in flames.
A major explosion occurred at an alkylation unit in the refinery, a source familiar with plant operations said.
A fire broke out on June 10 at the same refinery, which according to a source familiar with operations affected a 50,000-barrels-per-day catalytic cracking unit.
There has been a refinery on the site since 1870. (Reporting by Nallur Sethuraman, Arpan Varghese in Bengaluru; Jarrett Renshaw in New York and additional reporting by Rich McKay in Atlanta; Editing by Dale Hudson)