On Tuesday, Shares of SunEdison, Inc. (NYSE:SUNE), surged 7.92% to $12.94.
Dominion (NYSE:D) declared that it has agreed to enter into a partnership with SunEdison, Inc. (SUNE), in which it would sell 33 percent of its ownership in 425 megawatts of solar generating capacity for about $300 million, subject to working capital and certain other adjustments. Under the terms of the agreement, SunEdison has a future option to buy all or a portion of Dominion’s remaining 67 percent ownership.
Comprised in the agreement are 24 projects in California, Connecticut, Georgia, Indiana, Tennessee and Utah. Fifteen of the projects entered service in 2013 and 2014. The remaining projects either have been accomplished or have predictable in-service dates in 2015. All have long-term power purchase agreements with local electricity providers.
Dominion anticipates paying down debt with the cash proceeds. The transaction will require approval by the Federal Energy Regulatory Commission.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Shares of American Airlines Group Inc. (NASDAQ:AAL), inclined 0.49% to $40.80, during its last trading session.
A trans-Pacific American Airlines flight heading to South Korea landed safely in Japan on Tuesday after developing trouble with a generator, an airline spokesman told AP.
American Airlines spokesman Ross Feinstein said the generator failure forced the crew to switch to another power unit that burns more fuel. As a result, he said, the plane didn’t have enough fuel to reach Seoul and needed to stop at Tokyo’s Narita Airport.
A public relations representative for the airline in Japan earlier told The Associated Press that it was a problem in one of the engines, not the fuel issue. AP Reports
The Boeing 777-200 was carrying 15 crewmembers and 223 passengers. They transferred to another plane to complete the journey to Seoul. AP added.
American didn’t say when during the flight the pilot noticed the problem and requested the change in flight path.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Finally, H&R Block, Inc. (NYSE:HRB), ended its last trade with 1.53% gain, and closed at $35.84.
H&R Block released its financial results for the fiscal 2016 first quarter ended July 31, 2015. The company typically reports a first quarter operating loss due to the seasonality of its U.S. tax business.
First Quarter 2016 Highlights
Bank divestiture transaction closes, H&R Block no longer regulated as a savings and loan holding company.
Total revenues raised $4 million, or 3%, to $138 million.
Loss per share from ongoing operations improved $0.05 to $0.35 per share3 due primarily to discrete tax benefits.
Revenues raised 3%, to $138 million, due primarily to higher product revenues, partially offset by the negative impact of foreign currency rates. The net loss from ongoing operations improved $12 million to $97 million. Loss per share from ongoing operations was $0.35.
H&R Block, Inc., through its auxiliaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia.
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