GE to unite grid, renewable assets into one business

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Source: Dukascopy Bank SA
General Electric stated it would unite its electrical grid and battery storage units into a single hydropower and wind turbine business, as the company aims to cut costs and support the climbing demand for the renewable power.
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Thu, 31 Jan 2019 13:30:06 GMT

UNF sues BoA, Goldman over takeover advice

United Natural Foods, the grocery distributing firm, has filed a lawsuit against Bank of America and Goldman Sachs Group, saying the banks were motivated by their financial interests, rather than the company's, advising it on an acquisition worth billions of dollars last year.

Thu, 31 Jan 2019 12:02:54 GMT

Chevron to pay $350M for Pasadena refinery

Chevron has finalised its deal with Brazil's state oil firm Petrobras and is set to acquire its refinery unit in Pasadena for $350M, Reuters reported.

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