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Tokyo Gas in talks with European firms to swap LNG cargoes

  Bloomberg Tokyo Gas Co., Japan’s second-biggest buyer of liquefied natural gas, is in talks with European companies to swap cargoes it owns from the U.S. with those in Asia to reduce shipping times and costs. The utility is offering cargoes from the Cove Point project on the U.S. East Coast, which is expected to start up late next year ...

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Earnings tumble as firms dig deeper for savings

  Bloomberg Corporate earnings are heading for a fifth straight quarter of declines, dragged down mostly by energy companies’ struggles with low oil prices and a tepid global economy that threatens to throttle sales growth in many industries. U.S. companies as varied as hamburger chain McDonald’s Corp. and Honeywell International Inc., a maker of gas-processing equipment and cockpit controls, have ...

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Tesla Motors to buy SolarCity in biggest clean-power deal

  Bloomberg SolarCity Corp. board members approved a $2.6 billion buyout from Elon Musk’s Tesla Motors Inc. in the solar industry’s biggest deal to date. Tesla agreed to pay $25.37 a share in stock for the largest U.S. rooftop solar company, according to a statement. Analysts have said the price is too low and investors have questioned the wisdom of ...

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