Bloomberg Pattern Energy Operations LP is raising $700 million to help finance sustainable projects, the biggest green high-yield bond sale since 2017. The San Francisco-based company is offering senior unsecured notes maturing in eight years, according to a person with knowledge of the matter. Royal Bank of Canada, BMO Financial Group and Citigroup Inc are managing the transaction, the person ...

Congress is weighing a big idea as it bargains over the next stimulus package: a bipartisan proposal to expand national-service programs to create jobs, help contain the coronavirus pandemic and begin to unify a divided country. This plan would be a powerful tonic for some of what’s ailing the United States. It’s evocative of the New Deal programs that helped ...

People keep saying not to worry so much about the Covid-19 surge in Florida, because it isn’t killing a lot of people. I’m not buying it. And I’m sorry to predict that by early August, deaths in Florida will be almost as bad as New York at its worst. Florida and New York have similar populations (21.5 million and 19.5 ...

For SoftBank Group Corp Chief Executive Officer Masayoshi Son, selling a stake in Arm, the British semiconductor firm that kicked off his tech spending splurge, cannot have been part of the plan. At least, not yet. When SoftBank agreed to buy the Cambridge, England-based firm for 24 billion pounds ($32 billion) four years ago, the expectation was that it wouldn’t ...

About two months after Moderna Therapeutics Inc released preliminary Covid-19 vaccine data that sent the stock market into a tizzy, the company published a complete look at the initial human trial of its drug — and it promptly moved the market again. Moderna shares surged 20% on the results in after-market trading, and stocks in general got a loft as ...

Bloomberg Virgin Atlantic Airways Ltd announced a 1.2 billion-pound ($1.5 billion) rescue in a major victory for Richard Branson, who snatched his UK airline from the brink of failure under the weight of the coronavirus crisis. US hedge fund Davidson Kempner Capital Management will provide about 170 million pounds in secured financing, according to a statement, while Branson will contribute ...

Bloomberg Heathrow Airport is introducing cleaning robots and other measures to try to reduce the risk of virus transmission at the UK aviation hub as the country eases travel restrictions. The robots use ultraviolet rays to kill viruses and bacteria at night, according to a statement from the airport, which didn’t say how many of the machines were being deployed. ...

Bloomberg EasyJet Plc Chairman John Barton said he expects shareholders to approve the British carrier’s 419 million pound ($524 million) share sale, providing a financial buffer as it contends with a slow recovery from the coronavirus shutdown. The Luton, England-based airline received proxy votes worth 60% of share capital in favour of the conditional part of a 703 pence-a-share equity ...

Bloomberg Lojas Americanas, the Brazilian retailer controlled by billionaire trio Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, raised at least $1.1 billion in a share sale, four people familiar with the transaction said. The firm sold preferred shares at 34.50 reais ($6.43) each, the people said, asking not to be named because the information isn’t public yet. It ...

Bloomberg Boeing Co’s order stockpile shrank further last month as more airlines and lessors backed out of commitments for the grounded 737 Max jetliner in a market devastated by the coronavirus pandemic. The planemaker recorded 60 Max cancellations in June, including 47 that were already announced, according to the company’s website. The tally excluded Norwegian Air Shuttle ASA’s move to ...