The Traderszone Network

“The transaction integrates Iberdrola USA and UIL, is consistent with group strategy and creates a significant company in the United States, a key market in which we are taking a major step forward,” said Ignacio Galan, Iberdrola’s chairman. Last October, Reuters reported that Iberdrola hired JPMorgan to sell some foreign renewable assets to help fund an acquisition in the fast-growing U.S. market. Spain’s energy reforms, which aim to cut a massive tariff shortfall in the regulated power system, have wiped 1.4 billion euros from Iberdrola’s earnings since 2011.

SAO PAULO/NEW YORK (Reuters) – Petróleo Brasileiro SA (PETR4.SA) has hired JPMorgan Chase & Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil’s state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan (JPM.N) will be tasked with luring the largest number of bidders possible for the assets and then structuring their sale, said a first source, who asked for anonymity since the process is private.

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The Ford Edge will be exported to Asia, Africa and the Middle East from North America and South America. The car would also be exported to Western Europe for the first time with a right-hand drive and a diesel engine, Ford said.

The bank, which had arranged a $1.85 billion credit facility, was accused of funneling money into Fontainebleau long after it should have known that financial prospects for the projected $2.9 billion project were worsening. Bank of America ultimately stopped funding construction after discovering alleged cost overruns. Located on the north end of the Las Vegas Strip, the Fontainebleau project was meant to include a 63-story glass skyscraper and feature a casino, a convention center, restaurants and bars, and more than 3,800 guest rooms.

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China has dropped some of the world’s leading technology brands from its approved state purchase lists, while approving thousands more locally made products, in what some say is a response to revelations of widespread Western cybersurveillance. Others put the shift down to a protectionist impulse to shield China’s domestic technology industry from competition. Chief casualty is U.S.

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DETROIT/WASHINGTON (Reuters) – A U.S. safety regulator on Wednesday ordered Takata Corp (7312.T) to preserve all air-bag inflators removed through a recall process as evidence for a federal investigation and private litigation cases. It was the first time the National Highway Traffic Safety Administration, an agency of the U.S. Department of Transportation, has ordered a company to preserve evidence for private litigation, said Gordon Trowbridge, a spokesman for NHTSA.

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Among the companies whose shares are expected to see active trade in Thursday’s session are Herbalife, J.C.

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