By Timothy Gardner WASHINGTON (Reuters) -The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the U.S., a …
Trump administration to expand coal leasing, fund coal plant upgrades Read More »
By Arasu Kannagi Basil (Reuters) -Alliance Laundry is targeting a valuation of up to $4.34 billion in its U.S. initial public offering, the commercial laundry equipment maker said on Monday, as the frenzy around first-time share sales rages on. The Ripon, Wisconsin-based company and its backer, BDT Capital Partners, are aiming to raise up to …
BDT & MSD’s Alliance Laundry targets $4.3 billion valuation in US IPO Read More »
By Neil J Kanatt (Reuters) -Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and higher ticket prices for its cruise vacations to offset mounting costs. The cruise operator has been investing heavily to offer more unique and private experiences by expanding its portfolio to meet strong demand for exclusive destinations. …
Carnival raises annual profit forecast on resilient cruise demand, high costs loom Read More »
By Divya Rajagopal and Clara Denina (Reuters) -Barrick Mining appointed veteran executive Mark Hill as interim president and CEO on Monday following the sudden resignation of Mark Bristow, who led the Canadian miner for nearly seven years after its merger with Randgold Resources. On the same day, rival Newmont said CEO Tom Palmer will be …
Barrick and Newmont CEOs depart in mining leadership shake-up Read More »
By Nathan Gomes (Reuters) -CSX Corp has named veteran executive Steve Angel its CEO, replacing Joe Hinrichs, as the U.S. railroad operator fends off pressure from an activist investor against the backdrop of rapid consolidation in the industry. The company’s shares rose about 3% in morning trading on Monday. Angel headed industrial gas firm Praxair, …
CSX appoints new CEO as US railroad operator battles activist pressure Read More »
(Reuters) -Fermi is aiming to raise $715 million in its upsized U.S. initial public offering, the data center real estate investment trust said on Monday, as it aims to leverage burgeoning demand for energy infrastructure required to support AI buildouts. Co-founded by former U.S. Energy Secretary Rick Perry, the company is aiming to sell 32.5 …
Former Energy Secretary Rick Perry’s Fermi upsizes US IPO, aims to raise $715 million Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Irenic Capital Management built a sizable stake in Workiva, arguing the financial reporting software maker needs to improve its operating efficiency, refresh its board and consider a potential sale. Irenic owns roughly 2% of Workiva and has met with management numerous times to discuss possible changes to help the …
Exclusive-Activist Irenic builds stake in Workiva, pushes for board seats Read More »
(Reuters) -Comcast said on Monday it will appoint President Michael Cavanagh as co-CEO, adopting a dual chief executive model as the company prepares to spin off several NBCUniversal cable networks as part of a restructuring. Cavanagh will take up the new role in January and also join the company’s board, serving alongside Brian Roberts, who …
Comcast names insider Michael Cavanagh as co-CEO ahead of cable spinoff Read More »
By Vallari Srivastava (Reuters) -Newmont on Monday named Natascha Viljoen as its first female CEO, succeeding Tom Palmer, at a time when the gold mining sector tries to cope with a slew of challenges, even as the precious metal hits a series of new highs. Viljoen’s appointment coincides with the abrupt resignation of Mark Bristow …
Gold miner Newmont names Natascha Viljoen its first female CEO Read More »
(Reuters) -U.S.-based utility PG&E Corp said on Monday it plans to spend $73 billion by 2030 for transmission upgrades to meet the data center-led surge in electricity demand. The company had said in July it was working to serve 10 gigawatts (GW) of new electricity demand from data center projects over the next ten years. …
PG&E unveils $73 billion spending plan to meet surging data-center energy demand Read More »
