Environment News
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Suzlon Energy Ltd. advanced the most in almost three months in Mumbai trading on a plan to raise as much as $800 million this year in loans and a bond sale, easing pressure on the company to sell its Repower Systems AG unit.
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German Chancellor Angela Merkel is tightening her grip on the biggest energy overhaul in the country’s history, assigning a party enforcer to speed the transition amid signs her 12-month-old policy shift has stalled.
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OCI Co. led declines among South Korean solar-cell companies following the polysilicon maker’s announcement that it will delay expansion plans.
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Chesapeake Energy Corp.’s decision to cut directors’ pay and other perks may save the company up to $1.65 million a year without addressing investors’ concern that the board failed to rein in Chief Executive Officer Aubrey McClendon’s borrowing and spending spree.
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