Bloomberg Brookfield Renewable Partners LP, looking to bolster its status as one of the world’s largest clean-energy providers, is bidding to buy the shares of TerraForm Power Inc it doesn’t already own in a deal valuing the company at $3.9 billion. The proposal values TerraForm Power at $17.31 a share, representing an 11% premium to the closing share price on ...

Bloomberg Porsche AG shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model Taycan will foster further growth in 2020. Global deliveries rose 10% to 280,800 cars in 2019, driven mainly by strong consumer appetite for the Macan and Cayenne sport utility vehicles, Porsche said on Monday in a statement. “We’re optimistic ...

Bloomberg The UK economy unexpectedly shrank ahead of the general election, casting doubt over whether there was any growth at all in the fourth quarter. The figures will add to concerns at the Bank of England (BOE), where officials are debating whether further stimulus is needed if economic weakness persists. Three policy makers, including Governor Mark Carney, have flagged the ...

Bloomberg AstraZeneca Plc will stop testing a fish-oil pill for one form of cholesterol in the most advanced and expensive stage of clinical tests. The medicine, called Epanova, didn’t stand a very high likelihood of showing a benefit when combined with a statin for patients at risk of heart disease due to high levels of LDL (or bad) cholesterol, Astra ...

Bloomberg Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost two decades as a shortage of supply and high natural catastrophe payouts help reverse declining premiums. “The last time this kind of market really existed was in 2002,” James Shea, the company’s head of commercial insurance, said in an ...

Bloomberg The EU Commission is evaluating a ban on plastic packaging and setting new requirements for manufacturers, EU Commissioner-designate for environment and the oceans Virginijus Sinkevicius said in an interview with German newspaper Die Welt. “We definitely want to expand the rules for single-use plastics and are currently investigating in which direction it would be possible,” he was quoted as ...

Bloomberg Aston Martin Lagonda Global Holdings Plc is making a last-ditch effort to bring in fresh funding, with billionaire Lawrence Stroll closest to committing to buying a stake in the struggling UK luxury-car maker, according to people familiar with the matter. The Canadian investor and owner of the Racing Point Formula One team is in advanced discussions to inject about ...

President Ronald Reagan liked to tell a joke about a hopeful little boy pawing through a big pile of horse dung under his Christmas tree, saying cheerily: “With all this manure, there must be a pony in here somewhere.” Observers have a similar problem with President Trump’s Iran strategy. They keep looking for something solid, as Trump lurches back and ...

It has been a cold, hard winter for Italian government debt. The country has been the euro zone’s worst performer; for the first time its bonds are yielding more than their Greek equivalents with maturities longer than three years. Italy’s is the only European bond market whose yield spread has widened compared to the struggling German benchmark over the past ...

Kohl’s Corp.’s holiday season sales miss suggests even the most promising turnaround strategies won’t be enough to save department stores. Shares of Kohl’s fell as much as 9.4% in early trading last week after the company said same-store sales in the all-important November and December period declined. Kohl’s blamed the 0.2% sales drop on softness in women’s apparel, which CEO ...