Algonquin Power & Utilities has agreed to sell its renewable energy business for $2.5 billion as it transforms into a pure-play regulated utility.
Category: Business
Merck Buying Drug Targeting B-Cell Diseases for Up to $1.3 Billion
Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.
Indian EV Maker Ola Electric Jumps in Trading Debut
Shares of Ola Electric Mobility jumped in their trading debut, reflecting strong investor interest in India’s nascent electric-vehicle market.
Luxury Brands Increase Prices in Japan Amid Sales Surge, Yen Weakness
Some luxury brands are pushing through price increases in Japan, as tourists snapping up high-end goods turn the country into a bright spot for an […]
Hargreaves Lansdown Agrees to Takeover by Private-Equity Consortium
Hargreaves Lansdown has agreed to a takeover offer from a CVC-backed private-equity consortium that values the U.K. retail-investment platform at $6.9 billion.
Americans Are Skipping Theme Parks This Summer
Disney, Six Flags and Universal’s owner reported softer results as consumers pull back—or travel abroad.
A Lot Was Riding on This Wind Farm. Then Giant Shards Washed Up in Nantucket.
The industry was dealt a setback after a turbine blade broke at one of the nation’s largest planned offshore wind farms.
Generali Profits Rise Despite Higher Natural-Disaster Costs
Generali posted slightly higher operating profits and a 20% rise in gross premiums for the first half, after improved life-insurance and asset-management results offset increased […]
Samsung Recalls Over One Million Electric Stoves in U.S.
Samsung Electronics is recalling more than one million electric stoves in the U.S. following reports of about 250 fires that have injured dozens of people […]
Netflix Taps CBS Sports to Produce Its Christmas NFL Games
Netflix said it has struck a deal to have CBS Sports produce the two National Football League games the streamer is carrying this Christmas.