Tag: Yahoo Finance

U.S. coal-fired power plants closing fast despite Trump's pledge of support for industry

Power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough to power about 15 million homes, according to the data, which included preliminary statistics from the Energy Information Administration and Reuters reporting. The replacement of coal with power generation from natural gas and renewables has cut total U.S. carbon emissions in four of the past five years....

Xerox Can't Just Copy the Same Offer for HP

(Bloomberg Opinion) -- Xerox Holdings Corp. is best known for inventing the modern photocopier. When it comes to the company’s $33 billion attempt to acquire HP Inc., Chief Executive Officer John Visentin needs to do more than simply copy and repeat the same terms.It has been almost two months since larger rival HP rejected Xerox’s initial bid. Since then, little in the substance of the offer has changed. Xerox has assuaged some of HP’s concerns about financing by obtaining bridge loan commitments for the cash part of the bid. But the fundamental offer remains the same: $17 in cash and 0.137 of a Xerox share for each HP share, for a total value of about $22 a share.Xerox is trying other methods to push a deal through. It has solicited support from HP’s shareholders. Carl Icahn, the activist who’s Xerox’s biggest investor and helped appoint the current board, has taken a stake...