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Bloomberg Tesla Inc. is planning to cut the price of its solar panels, and the chief of rival Sunrun Inc. isn’t worried. In fact, Sunrun Chief Executive Officer Lynn Jurich said she thinks it’s great that Tesla gets so much attention. “More attention really raises the boat for everybody,” she said on a call with analysts. “Having Tesla out there ...

Bloomberg Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, Chief Executive Officer Jean-Jacques Ruest said. The company shipped about 125,000 to 150,000 barrels a day last month, but could “easily” ramp that up to 200,000 if ...

Bloomberg The impact of the Trump administration’s threats to choke Huawei Technologies Co reverberated across the global supply chain on Monday, hitting some of the biggest component-makers. Germany’s Infineon Technologies AG fell in early trading after the Nikkei reported it halted shipments to the Chinese company in the wake of the US ban. Shares of STMicroelectronics NV were also hit. ...

Bloomberg One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated. Kangmei Pharmaceutical Co transferred $1.3 billion to connected entities to trade its own shares, it said in a filing that appeared on the Shanghai exchange. The management of its ...

Bloomberg Nissan Motor Co’s credit standing took another hit, as S&P Global Ratings placed the automaker’s rating on negative watch after it issued a weaker profit outlook last week. There is a more than one-in-three chance of a further delay in Nissan’s profit recovery, said the rating agency, which in February lowered the company’s long-term issuer credit rating for the ...

Bloomberg Liu Shiyu, the former head of China’s securities regulator, is under investigation for suspected law violations and has turned himself in, authorities said. Liu, who remains a senior Communist Party official, is cooperating with the probe, according to a statement from China’s Central Commission for Discipline Inspection. He was chairman of the China Securities Regulatory Commission for three years ...

Bloomberg Japan’s unexpected growth spurt in the first quarter masked weakness in the economy just as policy makers prepare to hike the sales tax in October. Gross domestic product expanded an annualised 2.1 percent, but the biggest driver was imports falling even faster than exports, which meant that net exports technically fueled growth in the economy. Declining imports is a ...

Bloomberg First, states across the US ordered utilities to clean up ponds full of toxic coal waste. Now, they’re balking at how much companies want to charge for the work. Officials from Virginia to North Carolina to South Carolina are pushing back on utilities’ plans to charge customers for the costs of shuttering coal-ash ponds, long the primary way of ...

Bloomberg National Grid Plc shares dropped the most in more than a month after it unveiled a decline in adjusted operating profit as the UK network operator rebuffed proposals to nationalise energy assets. The nationalisation proposals “are only going to cause a huge amount of disruption,” Chief Executive Officer John Pettigrew said in an interview. It’s “the last thing you ...

Bloomberg US new-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the housing sector at the start of the second quarter. Residential starts increased 5.7% to a 1.24 million annualised rate after a 1.7% gain in March that was previously reported as a drop, according to government figures. Permits, a ...