Industrials

Conservative revolt over immigration sinks House farm bill

The House pressed ahead Friday toward a showdown vote on a bill that combines stricter work and job training requirements for food stamp recipients with a renewal of farm subsidies popular in Republican-leaning farm country.

Billionaire Tom Steyer gets Michigan renewable energy deal

Michigan's two dominant utilities committed Friday to increase the power they produce from wind and other renewable sources to 25 percent by 2030 under pressure from billionaire environmentalist Tom Steyer, who ended a ballot drive opposed by the electric providers in response.

Study says China-backed dam in Cambodia would destroy Mekong

A study says a Chinese-backed plan for Cambodia to build the Mekong River's biggest dam would destroy fisheries that feed millions and worsen tensions with Vietnam, the downstream country with most to lose from dams on the waterway.

Toshiba's chip sale to consortium wins regulatory approval

Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including a final one it was awaiting from China.

Maersk posts 30 pct. revenue hike in Q1, but cites risks

Danish shipping group A.P. Moller-Maersk says its first-quarter revenue increased by 30 percent to $9.3 billion, but also noted increased uncertainties due to geopolitical risks, trade tensions and other factors impacting freight rates, bunker prices and rate of exchange.