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TerraForm Power to Acquire Large-Scale U.S. Distributed Generation Platform

4 hours ago DieselGasoil Comments Off on TerraForm Power to Acquire Large-Scale U.S. Distributed Generation Platform
Investment Highlights Acquisition is expected to add ~320 megawatts of distributed generation assets in 20 states and in the District of Columbia Expected to grow TerraForm Power’s distributed generation portfolio to ~750 megawatts, making it one of the largest distributed generation businesses in the United States Portfolio consists of recently constructed assets that have an Read More

Did someone say rate cut? Five questions for the ECB

9 hours ago DieselGasoil Comments Off on Did someone say rate cut? Five questions for the ECB
LONDON (Reuters) – After weeks of speculation that interest rate cuts and another round of asset purchases are on their way, investors hope Thursday’s European Central Bank meeting will give the clearest signal yet of imminent policy easing, if not the details. FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside Read More

Tanker crisis reflects UK’s self-inflicted act of national vandalism

2 days ago DieselGasoil Comments Off on Tanker crisis reflects UK’s self-inflicted act of national vandalism
By Deborah Haynes, foreign affairs editor The seizure of a British-flagged tanker by Iran was an accident waiting to happen. Not only does the move further expose Britain’s limitations in defending its interests after decades of cuts to the military, it also underlines the lack of a coherent strategy to deal with the crisis in Read More

Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract

3 days ago DieselGasoil Comments Off on Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
WASHINGTON (Reuters) – Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department. FILE PHOTO: House Armed Services Committee Chairman Mac Thornberry (R-CA) chairs a committee Read More

Judge rules against hedge funds that challenged 2016 Jarden deal

3 days ago DieselGasoil Comments Off on Judge rules against hedge funds that challenged 2016 Jarden deal
WILMINGTON, Del. (Reuters) – A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc’s (NWL.O) 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Court of Chancery found that Read More

Billionaire seeks to replace 40% of Occidental’s board of directors

3 days ago DieselGasoil Comments Off on Billionaire seeks to replace 40% of Occidental’s board of directors
7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More

Range Announces Asset Sales That Will Total $634 Million

3 days ago DieselGasoil Comments Off on Range Announces Asset Sales That Will Total $634 Million
FORT WORTH, Texas, July 19, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC)today announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply Read More

BMW picks insider Zipse as CEO to catch up with rivals

3 days ago DieselGasoil Comments Off on BMW picks insider Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

PepsiCo offers $1.7 billion to buy South Africa’s Pioneer Foods

3 days ago DieselGasoil Comments Off on PepsiCo offers $1.7 billion to buy South Africa’s Pioneer Foods
FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo JOHANNESBURG (Reuters) – PepsiCo (PEP.O) has made a $1.7 billion offer to buy South Africa’s Pioneer Food Group (PFGJ.J) the companies said on Friday, boosting the target’s shares by nearly 30%. The U.S. drinks Read More

Americans bewildered after racist chants at Trump rally – and worried

3 days ago DieselGasoil Comments Off on Americans bewildered after racist chants at Trump rally – and worried
By Cordelia Lynch, US correspondent, in Minneapolis In Minneapolis, there is a bustling area they call Little Mogadishu. Cedar Riverside is home to a large Somali population. It is also where Democrat congresswoman Ilhan Omar rose to political prominence. This week, she became the target of racist chants at the president’s rally. But at Minneapolis-St Read More