(Bloomberg) -- One of the largest utilities in America is starting to turn its back on natural gas.Dominion Energy Inc., the second-biggest U.S. power company by market value, on Sunday said it’s selling substantially all of its gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion. In a separate statement, Dominion and its partner Duke Energy Corp. said they’re killing the controversial Atlantic Coast gas pipeline along the U.S. East Coast, citing ongoing delays and “cost uncertainty.”The moves come as utilities face increasing pressure from local governments, investors and environmentalists to quit the fossil fuel. While long heralded as a cleaner alternative to coal and heating oil, gas is now getting shoved aside in the fight against climate change as states including New York, California and Dominion’s home base of Virginia have all passed laws for utilities to be carbon free within decades.“This transaction represents another significant step...
Uber bought the food delivery company Postmates for $2.65 billion dollars in shares. Yahoo Finance's Emily McCormick joins The First Trade to discuss. ...
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the latest coronavirus news with Yahoo Medical Contributor and Columbia University Associate Professor of Emergency Medicine, Dr. Dara Kass. ...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]...
(Bloomberg Opinion) -- In late June, Bayer AG agreed to pay $9.5 billion to settle about 100,000 lawsuits that accused Roundup, the popular herbicide it acquired when it bought Monsanto in 2018, of causing non-Hodgkin lymphoma. The settlement came about even though Bayer adamantly insists that glyphosate, the core chemical in Roundup, is not a cancer agent, a position also taken by the Environmental Protection Agency and other regulators around the world. It also came about after the plaintiffs won the first three cases that went to trial, including one last year in which a jury awarded $2 billion to a California couple. The plaintiffs’ lawyers had hoped to leverage those victories to extract $20 billion or even $30 billion from Bayer to settle the litigation.And the settlement came about even though we’re in the middle of a pandemic. Or perhaps it’s more accurate to say that it came about because we’re...
On this episode of Yahoo Finance Presents, Social Captial Founder and CEO Chamath Palihapitiya sat down with Yahoo Finance's Julia La Roche to discuss topics such as capitalism in the modern era, big tech, the future of social media, fiscal and monetary policy, trickle down economics, and many more....
