Power plant operator Dynegy has agreed to be acquired by Icahn Enterprises for $5.50 per share in cash, or about $665 million. Dynegy has about $3.95 billion of outstanding debt, net of cash. The agreement follows a recent fail…
First Solar, one of the world’s biggest solar manufacturers, is looking toward 2011 with plenty of good cheer. According to its latest forecast, released Tuesday, the company expects sales to heat up some 46% in spite of lower …
General Electric Co. (GE) will buy Wellstream Holdings Plc (WSM), a British oilfield-services provider focused on the Brazilian market, for 800 million pounds ($1.3 billion).
The deal is worth 786 pence per share of Wellstream, including a 6 pence sp…
Stocks closed a bit higher after flitting around breakeven on light trading for much of the day. Financials outperformed, while commodities suffered. Treasury bond yields hit their highest intraday level since June. End-of-year…
GM is taking a big step toward making hydrogen-fueled cars and trucks a reality for consumers by partnering with a dozen companies to build more than two dozen fueling stations in Hawaii. The state is aiming to reduce oil to 70…