Year: 2020

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Shell to Build First Big Solar Plant in Move to Power Production

February 7, 2020 admin Comments Off on Shell to Build First Big Solar Plant in Move to Power Production

(Bloomberg) — Royal Dutch Shell Plc will build its first large-scale solar farm as part of its plan to expand into power generation.Shell, which has set itself a goal to become the world’s top electricity producer by 2030, expects to complete the plant in Queensland, Australia, early next year. The facility will indirectly supply the company’s QGC liquefied natural gas export facility, reducing that project’s carbon footprint.“Solar is one of the building blocks of Shell’s power strategy,” said Greg Joiner, Vice-President for Shell Energy in Australia. “We are increasingly incorporating renewable energy into customer offers, as we have done here …read more […]

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Jury orders Johnson & Johnson to pay $750 million in New Jersey talc case

February 7, 2020 admin Comments Off on Jury orders Johnson & Johnson to pay $750 million in New Jersey talc case

Johnson & Johnson was ordered on Thursday by a New Jersey state jury to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, a ruling that will be reduced to around $185 million because of state laws, according to a lawyer for the plaintiffs and the company.

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Aurora Cannabis CEO Departs, 500 Jobs Cut, Credit Line Reduced

February 7, 2020 admin Comments Off on Aurora Cannabis CEO Departs, 500 Jobs Cut, Credit Line Reduced

(Bloomberg) — Aurora Cannabis Inc., struggling with a cash crunch and a slumping stock price, announced the departure of its CEO, the termination of about 500 employees and a significant reduction in its credit facility.Chief Executive Officer Terry Booth, who founded the Canadian pot company in 2013, will retire but will remain a director on the board, the company said Thursday in a statement. He’ll be replaced on an interim basis by Executive Chairman Michael Singer.“I look forward to serving as interim CEO and executing on our short-term plans, which include a rationalization of our cost structure, reduced capital spending …read more […]

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EBay Wasn’t Interested in a Deal With NYSE’s Owner, CEO Says

February 6, 2020 admin Comments Off on EBay Wasn’t Interested in a Deal With NYSE’s Owner, CEO Says

(Bloomberg) — Intercontinental Exchange Inc. Chief Executive Officer Jeff Sprecher spent almost 40 minutes explaining why the firm was interested in a tie-up with EBay Inc. Investors weren’t persuaded. Late Thursday, the owner of the New York Stock Exchange said it’s giving up the pursuit.“Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with EBay,” the exchange operator said in a statement.EBay “was not interested” in a deal, Sprecher had told analysts on ICE’s earnings call earlier in the day. “Curiosity, and the fact that we know people there, led us to …read more […]