Bloomberg There’s a new model emerging for growth-starved utilities looking to profit from America’s solar and wind power boom. American Electric Power Co. is using it for a $4.5 billion deal that’ll land the US utility owner a massive wind farm in Oklahoma and a high-voltage transmission line to deliver the power. NextEra Energy Inc.’s Florida unit is using it ...

Bloomberg Three years into the biggest oil downturn in a generation, industry bosses see the recovery slipping further from view. It could easily take until the end of the decade for better times to return to an industry that’s already endured a longer slump than most people expected, according to Total SA Chief Executive Officer Patrick Pouyanne and Weatherford International ...

Bloomberg Alphabet Inc.’s secretive X skunk works has another idea that could save the world. This one, code named Malta, involves vats of salt and antifreeze. The research lab, which hatched Google’s driverless car almost a decade ago, is developing a system for storing renewable energy that would otherwise be wasted. It can be located almost anywhere, has the potential ...

If the ghosts who inhabit the walls of the CIA could talk, they would tell Director Mike Pompeo to be careful. The agency is entering a danger zone where a White House in turmoil wants the CIA to take aggressive action overseas, but hasn’t developed the clear strategy or political support needed to sustain it. Pompeo is an activist, an ...

The election of Emmanuel Macron in France vindicated euro optimists, boosted stock markets and paved the way for lenders like Deutsche Bank AG and Credit Suisse Group AG to raise extra capital. What it didn’t do was unleash a wave of revenue growth for Europe’s top investment banks — at least judging by their latest quarterly earnings. The combination of ...

President Donald Trump says cutting corporate taxes is his No. 1 priority after repealing Obamacare. And House Republicans laid out recently what they would like to see done with the tax code. Investors, though, appear to have lost faith in their ability to follow through. The shares of the 100 S&P 500 companies that paid the highest effective tax rates ...

Given Pakistan’s history of coups, political dysfunction and high-level graft, the Supreme Court’s decision to oust Nawaz Sharif as prime minister for lying about his allegedly ill-gotten wealth would seem a victory for transparency and the rule of law. In fact, the verdict raises as many questions as it answers. Sharif resigned on Friday when the court disqualified him from ...

When the Great Recession hit, China didn’t hesitate to open up the fiscal taps. But the fast-developing country also embraced another form of stimulus that was a bit different from what John Maynard Keynes had recommended — it encouraged its banks to start lending a lot more. They lent money to corporations, local governments and a variety of private actors. ...

Nomura Holdings Inc. turned in laudable first-quarter results Friday, but Japan’s largest brokerage needs to keep its eye on the overseas ball. Cost cutting and a revival in domestic retail broking helped Nomura offset the fixed-income trading slump that’s beset Wall Street rivals and local peer Daiwa Securities Group Inc. Buoyant results at home don’t mean Nomura can forget about ...

European governments are making big promises to ban the sale of cars with combustion engines: Germany by 2030, France and the UK by 2040. It’ll take a lot more than promises, though, to bring about the all-electric future. The initiatives could become the biggest government-driven revolution in a major market since anti-tobacco legislation—and a benevolent one, given that car makers ...