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Sunrun falls on report of SEC probe into solar cancellations

  Bloomberg Sunrun Inc., the largest independent US rooftop company, fell the most in more than 11 months after the Wall Street Journal reported that the Securities and Exchange Commission is investigating whether the company adequately disclosed how many customers canceled contracts. The San Francisco-based rooftop installer dropped 8.8 percent to $4.75 at the close in New York, the most ...

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China’s risk crackdown rattles its municipal bond market

  Bloomberg China’s deleveraging campaign is providing a reality check to the fledgling municipal bond market. Set up in 2015 to bring transparency to local-government borrowing practices, the new market benefited from the perception that Beijing had the provinces’ backs, with yields largely on par with the sovereign despite some weak municipal balance sheets. Not anymore — a clampdown on ...

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Australia could block Elliott proposal to move BHP listing

  Bloomberg Australia would block any attempt to move BHP Billiton Ltd.’s main sharemarket listing to the UK as proposed by New York-based activist investor Elliott Management Corp., Treasurer Scott Morrison said. “It is unthinkable that any Australian government could allow this original Big Australian to head offshore,” Morrison said in a statement. If BHP implemented Elliott’s proposals, “it may ...

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