Bloomberg Five years after dodging a shutdown, the largest oil refinery on the East Coast is once again teetering on the brink. Sunoco Inc. and the private equity firm Carlyle Group LP formed Philadelphia Energy Solutions, a joint venture, in 2012 to rescue the refinery in an effort that also included $25 million in state aid. Now, after spending more ...

Bloomberg Aviva Plc and China Resources Power Holdings Co. are among companies considering bids for Statkraft AS’s stakes in its offshore UK wind farms, people familiar with the matter said, amid a surge in interest for Europe’s green energy assets. Macquarie Group Ltd. and Copenhagen Infrastructure Partners K/S are also weighing offers, the people said, asking not to be identified ...

Bloomberg Companies from Alibaba Group Holding Ltd. to China Life Insurance Co. will participate in a $11.7 billion share sale by China’s second-largest wireless carrier as part of a government push to draw private capital into its state-owned enterprises. According to the plan, investors including Tencent Holdings Ltd. and Baidu Inc. will purchase about 10.9 billion shares, or 35 percent, ...