The Frankfurter Allgemeine Zeitung cited a person with knowledge of the appointment as saying Duesmann will start as Audi chief on April 1.
The San Francisco-based solar developer is paying as much as 60% more for solar panels it’s using in the U.S., compared with costs for projects in other parts of the world, Smith said. The prices at which it can deliver electricity to utilities “could be lower without those tariff prices,” he said Friday in an interview at Bloomberg‘s offices in Washington.
The government’s growth forecast is part of its 2020 budget blueprint unveiled last weekend, which also slightly loosened a primary surplus target as the government aimed to balance big welfare promises with the reality of a stagnant economy.
The settlement with insurance carriers and investors puts to rest a dispute with a group holding about 85% of insurance claims PG&E faces from deadly blazes in 2017 and 2018. The coalition, which includes Seth Klarman’s Baupost Group LLC, had sought to wrest control of PG&E’s bankruptcy by presenting its own reorganization plan.
NEW YORK (Reuters) – Music publishers have asked a federal judge to let them double their lawsuit against Peloton Interactive Inc to $300 million, saying the maker of stationary bicycles has streamed more than 2,000 workout videos used without permission.
“Crown Prince Mohammad bin Salman will push the company to demonstrate that it can effectively tackle terrorism or war challenges,” analysts led by Ayham Kamel, head of Middle East and North Africa research at the Eurasia Group, said in a research report. “The attacks could complicate Aramco’s IPO plans given rising security risks and potential impact on its valuation.”
(Reuters) – As U.S health officials scramble to identify the root cause of hundreds of severe lung illnesses tied to vaping, one possible culprit identified so far is a line of illicit marijuana vape products sold under the brand names “Dank Vapes” and “Chronic Carts.”
(Reuters) – WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.
WASHINGTON (Reuters) – A New Jersey-based brokerage will pay $13 million to settle charges that it failed to supervise employee conduct during telephone trades and made false or misleading statements to a regulator, the U.S. Commodities Futures Trading Commission (CFTC) said on Friday.
(Reuters) – A U.S. Food and Drug Administration advisory panel on Friday recommended approving the first therapy for peanut allergies, which affect over 1.6 million children in the United States, despite raising concerns about the risk of severe allergic reactions it poses to young patients.