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Tesla bid for SolarCity 'shameful'
2016-06-22 22:19:22| BBC News | Business | UK Edition
Tesla's bid to buy struggling solar energy firm SolarCity has been called "shameful" by financier Jim Chanos.
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Exxon Loses Bid to Fight Virgin Islands Climate Subpoena in State Court
2016-06-22 16:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate News: Judge's motion sets the stage for the company's legal challenge to proceed in federal court. By David Hasemyer A court ruling in Texas has set the stage for ExxonMobil's legal challenge to a climate change investigation by the U. S. Virgin Islands to proceed in federal court. Exxon and the Virgin Islands' Attorney General Claude Walker had been bickering for more than a month over whether the company's lawsuit to quash a subpoena issued by Walker should be heard in Texas state court or in federal...
Musk's Tesla makes a bid for Musk's SolarCity energy company
2016-06-22 11:22:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Elon Musks Tesla electric car company has made an offer to buy Musks solar power company, SolarCity, for as much as $2.8bn in stock in an attempt to make a one-stop-shop for cleaner energy. SolarCity, for which Musk is both chairman and its largest shareholder, is the market leader in residential solar panel installations in the US, but has about $6.24bn in liabilities, including debt. Musk described the deal as a no-brainer, saying: Instead of making three trips to a house to put in a...
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Hornby to cut number of toys in turnaround bid
2016-06-22 09:12:58| BBC News | Business | UK Edition
Toymaker Hornby plans to cut the number of toys it makes as it strives to make the business profitable again.
Queensland Government buys $7m cattle station in 'unprecedented' protection bid
2016-06-22 05:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Australian Broadcasting Corporation: Great Barrier Reef: Queensland Government buys $7m cattle station in 'unprecedented' protection bid The Queensland Government has bought a massive Cape York cattle station in a bid to stem hundreds of thousands of tonnes of sediment pollution flowing into the Great Barrier Reef every year. Key points: The cattle station cost taxpayers $7 million Environment groups say the purchase is unprecedented It is hoped reducing sediment will help the reef recover from bleaching Environment...
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