Two California companies plan to build solar power plants 10 times larger than the largest now in service, creating the first utility-scale use of technology mostly confined to rooftops.
Two California companies plan to build solar power plants 10 times larger than the largest now in service, creating the first utility-scale use of technology mostly confined to rooftops.
An investment arm run by the activist investor Nelson Peltz dissolved its stake in Starbucks, lifting its shares and removing uncertainty as the company reorganizes.
The former top lawyer at Apple agreed to pay $2.2 million to settle federal regulators’ charges that she altered company records to conceal improper backdating of stock options for senior managers.
Oil prices pulled back as waning U.S. demand for energy overshadowed supply threats from the conflict in Georgia.
The British oil company said that a Russian court had barred Robert Dudley, the head of its troubled Russian joint venture, from office for two years.
JPMorgan Chase and Morgan Stanley agreed to repurchase a combined $7 billion in auction-rate securities as part of a settlement with regulators.
Belgium’s InBev, which will become the world’s largest brewer when it completes its $52 billion purchase of Anheuser-Busch, posted higher earnings.
Consumer prices were 5.6 percent higher in July than a year ago, all but assuring that the Fed will keep interest rates on hold.
Consumer prices rose at twice the rate expected in July to post the fastest rate of year-over-year growth in 17.5 years, pushed up by costlier energy and food.
American Airlines, British Airways and Iberia Airlines said they signed a joint business agreement for flights between the U.S. and Europe.