Bloomberg SunEdison Inc.is burning through its cash. The world’s biggest clean-power developer was expected to have about $1.2 billion at the start of the year, an amount that may drop to $270 million if a pending court case doesn’t go its way, according to an estimate by Patrick Jobin, an analyst at Credit Suisse Group AG. The company spent billions …

Bloomberg American International Group Inc. suffered losses last year in investment portfolios tied to death-benefits bets and energy bonds. Impairments on so-called life settlements surged to $540 million in 2015 from $201 million a year earlier, according to a regulatory filing. The contracts involve insurance policies that are purchased on the secondary market; AIG pays premiums until the covered person …

Beijing / Bloomberg The head of China’s securities regulator has been removed from his post after last year’s $5 trillion stock-market bust, an unprecedented government rescue and a renewed crisis as plunging Chinese equities last month reverberated around the world. Xiao Gang, 57, a former head of Bank of China Ltd., had been chairman of the China Securities Regulatory Commission …