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Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles' failure to break into the mass market.The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business. The company uses the same technology it used in cars to build systems for utilities and building operators to store power.Coda raised over $300 million in private funding during its brief history from high profile names like former Treasury Secretary Henry Paulson and Limited Brands Chief Executive Les Wexner. Now, a group of lenders led by Fortress Investment Group LLC will seek to acquire the company for just $25 million through the bankruptcy process.The company launched its five-passenger electric car in California a year ago, delivering a range of 125 miles on a single charge. The $3...
Edison International (EIX) posted a smaller fourth-quarter loss as stronger results at the company's utility offset losses at its wholesale-power unit, which has bee...
Edison International's (EIX) fourth-quarter loss narrowed as the utility company's Southern California Edison utility posted stronger results.For the new year, the c...
Oystein Michelsen, head of domestic production at the Norwegian oil company Statoil ASA (STO, STL.OS) was all smiles Tuesday, as he handed over to the government the...
Norwegian oil company Statoil ASA (STO) on Tuesday delivered its plan for the development and operation of the 32 billion Norwegian kroner ($5.7 billion) Aasta Hanst...
SunPower Corp said it sold two solar projects in California to a company controlled by Warren Buffett's Berkshire Hathaway Inc , and would receive up to $2.5 billion...
MidAmerican Energy Holdings Co., a subsidiary of Warren Buffett's Berkshire Hathaway Inc. , said Wednesday it'll pay an undisclosed sum to buy the 579-megawatt Antel...
Edison International's (EIX) Edison Mission Energy unit voluntarily filed for Chapter 11 bankruptcy protection after reaching a settlement with Edison International ...
Edison Mission Energy, a power company that operates in more than a dozen U.S. states, is preparing a possible bankruptcy filing as it tries to restructure about $5 ...
WPX Energy Inc. rose 2.3% and Cabot Oil & Gas moved up by 1.4% as energy stocks advanced with the broad equities market on Monday, but shares of power producers lagg...
Italian utility Edison International SpA is set to become the next foreign energy company involved in Israel's growing natural gas and oil industry.Israel's Ratio Oi...
FBN’s Charlie Gasparino on the FBI’s investigation into SAC Capital Partners founder Steven Cohen.
Edison Mission Energy said on Thursday it missed a $97 million interest payment on its unsecured bonds and could file for bankruptcy as soon as next month.Edison Mis...
Edison International (EIX) could decide by the end of 2013 whether or not to permanently shut down its California nuclear power plant, Edison's top executive said Tu...
Edison International's (EIX) first-quarter profit more than doubled as higher electricity rates and better performance from the utility's smaller wholesale-power bus...
Edison International , the parent company of Southern California Edison, said late Tuesday that its first-quarter earnings rose to $271 million, or 82 cents a share,...
Southern California Edison said Thursday that one of its employees has died after being injured in an accident in which three other employees also were injured.The a...
The Nuclear Regulatory Commission staff, in a preliminary ruling, said the operation of the San Onofre nuclear plant at reduced power wouldn't create a significant s...
U.S. utility giant Duke Energy Corp. (DUK) said Wednesday that it has purchased two solar farms in the California desert.The solar facilities, near Twentynine Palms,...
Seven companies are on track to sell at least $5.4 billion of bonds in Monday's high-grade market.The diverse range of borrowers include the Bank of New York Mellon ...
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