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Bloomberg The regulator charged with implementing Energy Secretary Rick Perry’s plan to keep coal plants online has something in common with the former Texas governor: Both men believe that coal and nuclear power are more reliable than other energy sources. Coal and nuclear “are firm, non-interruptible fuel sources” that are more resilient to extreme-weather events than fuels which must be ...

Bloomberg Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall. The state-run freight and passenger carrier is seeking to buy 700,000 metric tons of rails for track upgrades, Railway Minister Piyush Goyal said. The ...

Bloomberg Sogou Inc., the Chinese search engine backed by Tencent Holdings Ltd., aims to raise as much as $585 million in a US initial public offering. The company, born from the Chinese media company Sohu.com Inc., is marketing 45 million American depositary shares for $11 to $13 apiece, according to a filing with the US Securities and Exchange Commission. Sogou ...

Bloomberg China will send inspection teams to coal-producing regions and ports to target “malicious” hoarding and “price monopoly” as regulators seek to ensure stable prices during peak winter demand. Regulators will closely watch price levels and stockpile changes to gauge potential manipulation by market participants, including producers, that are aimed at boosting prices, the National Development and Reform Commission said. ...

Bloomberg Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai has agreed to buy 49 percent of the Brooklyn Nets from Russian billionaire Mikhail Prokhorov in a deal that values the National Basketball Association club at a record $2.3 billion, according to people familiar with the matter. The agreement gives Tsai the right to buy the remaining stake of the ...

­­­­­­­­­­­Bloomberg The Federal Emergency Management Agency is investigating a controversial $300 million contract to rebuild Puerto Rico’s power grid, a no-bid award that has spotlighted the agency’s poor record of policing similar grants and drawn scrutiny from its watchdog. Whitefish Energy Holdings LLC, a Montana-based company that had just two full-time employees prior to beginning its work in Puerto Rico, ...

Bloomberg The US imposed duties on imports of aluminum foil from China, ratcheting up trade tensions between the world’s largest economies before President Donald Trump’s visit to Beijing next month. The Commerce Department said it would impose preliminary import duties in the range of 96.81 percent to 162.24 percent on Chinese aluminum foil, saying the goods are being sold at ...

Bloomberg Space Exploration Technologies Corp., Alphabet Inc.’s Google, Shopify Inc. and Tesla Inc. are the most appealing companies for technology workers, according to a survey by online jobs marketplace Hired. While big tech names topped the list, geographical breakdowns showed more diversity. Startups like SendGrid Inc., which does marketing email, had the highest ranking in Denver, while financial services like ...

Bloomberg Apple Inc. asked US securities regulators if it can exclude a shareholder proposal that pushes the iPhone maker to explore linking executive pay to performance on diversity and sustainability. In an October 9 letter made public this week by the Securities and Exchange Commission, Apple attorneys asked if it could exclude the proposal, from Zevin Asset Management, because similar ...

Bloomberg Uber Technologies Inc. appointed Tony West as chief legal officer, the first major hire for the new chief executive officer since taking over last month. West, the outgoing general counsel at PepsiCo Inc. and a former senior official at the US Justice Department, will join the ride-hailing company next month as it faces at least five federal criminal probes ...