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 ...