SunEdison’s yieldcos exploring strategic options, including sale
(Reuters) – TerraForm Global Inc and TerraForm Power Inc , the “yieldcos” of bankrupt solar company SunEdison Inc, said on Monday they were exploring strategic alternatives, including a sale of their entire business.
VW has fixed less than 10 percent of rigged European diesel cars
BERLIN (Reuters) – Volkswagen is making slow progress on fixing cars equipped with illicit engine software in Europe, having repaired less than 10 percent of the 8.5 million affected models, the company said on Monday.
Samsung says China phone fire caused by external heat
SEOUL/BEIJING (Reuters) – Samsung Electronics Co Ltd said on Monday a Galaxy Note 7 phone a Chinese user claimed caught on fire was damaged by external heating, seeking to assure customers in the world’s top smartphone market the devices being sold th…
Kohl’s to hire over 69,000 workers this holiday season
(Reuters) – Department store operator Kohl’s Corp said it would hire more than 69,000 extra workers in the United States for the holiday selling season, the same as last year.
Bentley, Lamborghini skip Paris show amid VW cost-cutting drive
BERLIN (Reuters) – Volkswagen supercar brands Bentley and Lamborghini have dropped out of the Paris Motor Show next week as their German parent is reining in spending on auto exhibitions to cushion costs from its emissions scandal.
Oil rebound hauls up global stocks, commodity currencies
LONDON (Reuters) – Oil prices bounced back from multi-week lows on Monday, hauling up world stock markets and commodity-linked currencies, on hints that producers were close to reaching an output deal.
GE brings off-the-shelf biotech drug factories to Ireland
LONDON (Reuters) – General Electric is digging deeper into biotechnology with plans to build four prefabricated drug factories in Ireland, bringing to Europe a low-cost manufacturing concept it first pioneered in China.
Australian port sold for $7.3 billion to group including Chinese fund
SYDNEY (Reuters) – Chinese and Australian sovereign wealth funds, along with other investors, on Monday said they will take Australia’s busiest port private for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are f…
Philippine central bank ordered to return recovered money to Bangladesh
MANILA (Reuters) – A Philippine regional trial court has ordered the Bangko Sentral ng Pilipinas (BSP) to return to the Bangladesh central bank a recovered portion of the $81 million that was stolen from the bank earlier this year, a government lawyer …
Oil climbs as Venezuela sees output deal, Libya suffers clashes
SINGAPORE (Reuters) – Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.
