David Tepper-led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc's yieldco from buying some of Vivint Solar Inc's assets after SunEdison acquires the rooftop panel installer.
Valeant Pharmaceuticals International Inc will appoint an interim chief executive officer to replace Michael Pearson who is hospitalized, a source familiar with the matter told Reuters, news that sent shares down 7 percent on Tuesday. The source did not clarify whether the CEO would be temporary or would permanently replace Pearson, 56, who is recovering from a severe case of pneumonia.
Oil and gas producer Magnum Hunter Resources
Corp and its affiliates filed for Chapter 11
bankruptcy protection on Tuesday to carry out a debt-cutting
plan as a prolonged slump in oil prices has depleted the
Merger talks between Dow Chemical Co and DuPont are likely to have been precipitated by shareholder pressure and weakening demand for crop-protection chemicals, and such a deal would have been unlikely even a few months ago.
Dec 9 Merger talks between Dow Chemical Co
and DuPont are likely to have been precipitated
by shareholder pressure and weakening demand for crop-protection
chemicals, and such a deal would have been unlikely even a few
VANCOUVER/BENGALURU, Dec 9 Investors will be
scrutinizing inventory and margins when Lululemon Athletica
reports its third quarter earnings on Wednesday, as
fears mount that competitors are eroding the yoga wear-maker's
share of the lucrative athleisure market.
Oil producer Devon Energy Corp said it would buy some assets from Felix Energy LLC for $2.5 billion and raise $2 billion-$3 billion from asset sales, as the company reshapes its portfolio amid a slump in oil prices.
U.S. railroad operator Norfolk Southern Corp said on Friday its board had rejected Canadian Pacific Railway Ltd's $28.4 billion offer, calling it "grossly inadequate" and could face substantial regulatory hurdles.
Hedge fund Appaloosa Management LP said SunEdison Inc yieldco TerraForm Power Inc's proposed purchase of residential solar assets from SunEdison represented a change in TerraForm's business model and put shareholders at risk.
Black Friday comes early to Saks Fifth Avenue stores this year.