Vivint Solar terminates $2.2 billion merger with SunEdison
(Reuters) – Solar panel installer Vivint Solar Inc said on Tuesday it had terminated a deal to be taken over by solar energy company SunEdison Inc after SunEdison failed to close on the planned acquisition.
Lockheed Martin’s aeronautics business plans ‘voluntary layoff’ program
(Reuters) – Lockheed Martin Corp’s aeronautics business said it plans to reduce about 1,000 positions in the United States through a “voluntary layoff” program.
Chevron plans to slash budget to save cash for dividend
NEW YORK (Reuters) – Oil and gas major Chevron Corp will slash its capital budget by as much as 36 percent in 2017 and 2018, a cash-saving bid to preserve its 90-year-old dividend as it copes with crude prices near 10-year lows.
World equities fall on fresh China fears; oil sinks
NEW YORK (Reuters) – World stock markets declined on Tuesday after weak data from China reignited concerns about a slowing global economy and oil prices pulled back from recent sharp gains.
U.S. health agency estimates 2015 prescription drug spend rose to $457 bln
NEW YORK (Reuters) – Spending on prescription drugs is projected to have risen to $457 billion in 2015 and will likely continue to grow as a percentage of overall healthcare spending, a U.S. government health agency said on Tuesday.
Noble Group seeks $2.5 billion in borrowing base facility: sources
(Reuters) – Global energy firm Noble Group is in the market with a $2.5 billion, one-year borrowing base revolving credit facility that will refinance existing debt due later this year, banking sources told Thomson Reuters LPC.
New York Fed says followed normal rules after lost Bangladesh funds
(Reuters) – The Federal Reserve Bank of New York said on Tuesday that it followed normal procedures in transmitting funds that Bangladesh’s central bank has said were stolen by cyber criminals from its Fed account.
VW faces Allianz suit over share drop; jobs under threat after scandal
WOLFSBURG, Germany (Reuters) – German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters.
Former Odebrecht CEO sentenced in Brazil kickback case
RIO DE JANEIRO (Reuters) – Marcelo Odebrecht, the former chief executive of Latin America’s largest construction company, was sentenced on Tuesday to 19 years in prison for his role in an escalating corruption scandal rattling the government of Preside…
Ex-JPMorgan adviser gets five years in prison for embezzling $20 million
NEW YORK (Reuters) – A former JPMorgan Chase & Co investment adviser was sentenced to five years in prison on Tuesday after admitting that he stole at least $20 million from client accounts to fund a gambling addiction and to trade in stock options.
