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TransCanada formally seeks NAFTA damages in Keystone XL rejection

June 26, 2016 by · Leave a Comment 

TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama's rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitration claim in January and had then tried to negotiate with the U.S. government to “reach an amicable settlement,” the company said in files posted on the pipeline's website. TransCanada said it then filed its formal arbitration request under North American Free Trade Agreement (NAFTA) provisions, seeking to…

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TransCanada formally seeks NAFTA damages in Keystone XL rejection

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SolarCity recuses two more board members from voting on Tesla offer

June 26, 2016 by · Leave a Comment 

Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new …

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SolarCity recuses two more board members from voting on Tesla offer

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Intel considers sale of cyber security business: FT

June 26, 2016 by · Leave a Comment 

NEW YORK (Reuters) – Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday. According to the report, the company has been talking to its bankers about options for the Intel Security unit, which was previously known as McAfee. Intel bought McAfee for $7.7 billion in 2011. A spokesperson for Intel could not be immediately reached for

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Intel considers sale of cyber security business: FT

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Investor George Soros calls for reconstruction of EU after ‘Brexit’ vote

June 26, 2016 by · Leave a Comment 

(Reuters) – Billionaire investor George Soros on Saturday called for thorough reconstruction of the European Union in order to save it, even though he warned that Britain's vote to leave the bloc makes “disintegration of the EU practically irreversible.” Soros, who warned of financial meltdown if Britain voted to leave the EU before Thursday&#…

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Investor George Soros calls for reconstruction of EU after ‘Brexit’ vote