First Solar Nixes 2,000 Jobs, Shutters Factory
First Solar Inc. (Nasdaq: FSLR) announced Tuesday it will cut nearly a third of its workforce and shutter an overseas factory as a market flush with solar panels cuts into revenue.
Chesapeake Energy Spins Off Subsidiary In IPO
Chesapeake Energy Corp. filed a proposed initial public offering for its Chesapeake Oilfield Services subsidiary with the Securities and Exchange Commission on Monday, as it boosts its finances in the face of low domestic natural gas prices.
Cheniere Energy $10B Gas Facility Gets Federal Approval
Cheniere Energy Inc. (ASE: LNG) announced on Monday federal approval of the largest liquid natural gas (LNG) export terminal in the U.S., to be built in Cameron Parish, La., to exploit higher prices in foreign markets.
GDF Suez To Buyout Remaining International Power Shares
The world's largest utility company GDF Suez agreed on Monday to buy 30 percent of International Power for $10 billion, completing a planned takeover of the U.K.-based power company to continue its expansion in fast-growing markets, the company reported.
Fed: Growth Slows Among New York Manufacturers
The New York Fed reported on Monday slowing growth within the manufacturing sector in March, with overall sentiments remained positive and employment improved despite difficulty finding highly-skilled labor.
Kinder Morgan Energy Partners' $5B Pipeline Expansion
Kinder Morgan Energy Partners announced Thursday it will expand its existing Trans Mountain pipeline system, spending $5 billion to double its capacity as Canadian companies try to expand oil shipments to overseas markets.
Anheuser-Busch In Lead For Presidente Brewer
Anheuser-Busch InBev NV may be serving up cervezas en espanol, as the Belgian brewer has emerged as the lead bidder for Cerveceria Nacional Dominicana SA, maker of Presidente Beer.
US Producer Prices Unchanged In March; Core Up 0.3%
The producer price index remained unchanged in March, as an unexpected drop in fuel prices offset increases in food and core prices, according to a report released Thursday by the U.S. Bureau of Labor Statistics.
Adelson Eyes $35B Spanish Las Vegas
Billionaire casino mogul Sheldon Adelson announced on Wednesday plans to open a casino strip in Spain, pushing for a $35 billion casino complex in either Barcelona or Madrid.
Corning To Acquire BD's Lab Business For $730M
The purchase of Discovery Labware will expand Corning's life-sciences business, increasing revenue in that area by 40 percent. (It was $235 million last year.)
French Economy Stalls In 1Q As Business Confidence Stands Pat
Prospects for a robust recovery remain slim on weak output and high domestic unemployment in at least the near term, according to indicators released by the Bank of France.
BG Plans $2B R&D Investment In Brazil's 'Pre-Salt' Oil Find
BG Group will take its first step toward becoming Brazil's largest foreign oil producer by 2020 with a $2 billion cash infusion for research and development, the Financial Times reported Monday.
AT&T Avoids Strike By US Union As Labor Talks Continue
The telecom giant and the Communications Workers of America, representing about 40,000 employees, extended contract negotiations Sunday after failing to reach an agreement ahead of a strike deadline.
Lockheed Martin Lands $1.05B Navy Helicopter Contract
The Lockheed Martin Corp. (NYSE: LMT) received a $1.05 billion, five-year contract from the U.S. Navy to provide more than 200 digital cockpits for two of the armed service's helicopter series.
India's Jewelers End Gold Strike
India's gold-jewelry traders, the largest buyers of bullion, called off a 21-day strike after Finance Minister Pranab Mukherjee agreed to consider rolling back recent increases in gold taxes.
Dynegy Reaches Agreement With Noteholders In Bankruptcy Dispute
Power producer Dynegy Inc. announced Thursday it settled disputes with creditors, putting one of its subsidiaries closer to emerging from bankruptcy protection.
Ford, Volvo To Invest $11.6B In Chinese Operations
China's auto industry will enjoy an $11.6 billion boost in the coming year, as Ford (NYSE: F) and Volvo try to increase output and market share in Asia.
Fisker's Latest Model Stalled After Energy Dept Pulls Loan
Luxury electric vehicle company Fisker Automotive unveiled its newest model, the Atlantic, Tuesday night at the New York Auto Show, but the car may not hit the streets without a second cash-injection, the company's chief executive Tom LaSorda said.
Euro Zone Woes Creating Opportunities For Foreign Buyers
Ongoing fiscal troubles in the 17-state currency area have cut share prices of numerous European companies, making them attractive to suitors from abroad.
KKR to Pay $306M For Natural Gas Properties
Kohlberg Kravis Roberts & Co. (NYSE: KKR) said Monday it agreed to buy natural gas properties in Texas and Oklahoma from WPX Energy Inc. (NYSE: WPX) for $306 million, the latest in the private-equity's spate of U.S. energy acquisitions.
Goldman Sachs Predicts Strong Year For Gold
Gold prices will continue to rise steadily throughout the next 12 months, as long as the U.S. economy maintains its tepid recovery, according to a note recently released by Goldman Sachs Group Inc.
US Silver's 2011 Results Boosted By Rising Prices
U.S. Silver Corp. enjoyed a bountiful 2011, with revenue, net income, and production all increasing, thanks primarily to the rise in the price of silver, while reserves rose for the fifth consecutive year, the company reported on Thursday.
Sears Posts 'For Sale' Sign On Land's End Brand
Sears Holding Corp is mulling the sale of its Land's End clothing line to private equity firms, as the company hopes to ease ongoing problems with liquidity.
Euro Sentiments Take A Pessimistic Turn
The good vibes in the Euro Zone did not last long, as two months of positive sentiments ended in March, with manufacturers and builders facing a drop in orders, according to a survey released by the European Commission Thursday.
Best Buy Swings To Loss In 4Q, Full Year, Will Close 50 Stores
Best Buy swung to a loss in the fiscal 2012 fourth quarter, as well as the full year, leading the world's largest consumer electronics retailer shutter 50 big box stores in the coming year, the company reported Thursday.
US Airline Group Drops Suit Against EU Carbon Tax, Looks to UN
A major U.S. airline lobbying group on Tuesday ditched a private lawsuit challenging the European Union's recently-implemented carbon tax for airlines using the trading bloc's airports, calling on the Obama administration and Congress to take up the charge.
Rio Tinto Explores Sale Of Diamond Operations
Rio Tinto PLC said Tuesday it is mulling ways to sell off its diamond operations, as the world's third-largest mining company tries to divest mines it says may no longer fit its growth strategy.
Foxconn Unit Paying $1.6B To Become Top Shareholder in Sharp Corp.
Sharp Corp. announced Tuesday plans to sell new shares in itself to Hon Hai Precision Industry Co., part of Foxconn Technology Group, in an effort to raise 132.5 billion yen ($1.6 billion) after forecasting a record loss for the year.
Terra Firma Buys UK's Garden Centre Group For £276M
Terra Firma Capital Partners announced on Monday plans to acquire The Garden Centre Group from Lloyds Banking Group PLC for £276 million ($438 million) and rejuvenate the U.K.'s largest specialist retailer in gardening and plant products after years spent under the control of debtors.
GE Signs Power Deal With Nigeria
General Electric Co. (NYSE: GE) and Nigeria signed an agreement for the U.S. company to build power plants as Africa's most populous nation continues to privatize and expand its power generation capacity, Reuters said Monday.