Dec 13 (Reuters) – Shares of SolarCity Corp jumped
more than 50 percent during their market debut on Thursday,
approaching the valuation the solar power company had sought
before it was forced to slash its IPO price.
In early afternoon trading, the solar panel installer’s
stock was up 51 percent at $12.10. It hit a session high of
Dec 12 (Reuters) – SolarCity Corp, the top U.S.
installer of residential solar systems, slashed the expected
price of its initial public offering and said it would sell more
shares a day after an underwriter said the deal had been
The move values the Elon Musk-backed startup at $585
million, almost half its earlier proposed valuation of nearly $1
(Reuters) – Solar panel installer SolarCity Corp (SCTY.O: Quote, Profile, Research, Stock Buzz) has postponed its initial public offering scheduled to price on Tuesday, according to an underwriter and a market source.
The San Mateo, California-based company had intended to price 10.1 million shares at a range of $13 to $15.
LOS ANGELES (Reuters) – Hollywood producer Jeffrey Katzenberg received an honorary Oscar for his charitable work on Saturday at a star-studded gala that kicked off the movie awards season and bestowed film industry gold on three other industry veterans.
The Academy of Motion Picture Arts and Sciences annually hands out its Governors Awards to people who have made an impact on Hollywood.
LAGUNA HILLS, California (Reuters) – Southern California Edison officials faced tough questions from the Nuclear Regulatory Commission on Friday at a packed public meeting during which the utility laid out its case to restart the damaged San Onofre nuclear power plant.
San Onofre, which sits on the Southern California coast halfway between Los Angeles and San Diego, has been closed since January after workers discovered a small radioactive steam leak at one of its two reactors that indicated accelerated degradation of tubes in the plant’s new steam generators.
LOS ANGELES (Reuters) – Sprint Nextel Corp unveiled on Thursday an in-vehicle communications and entertainment system it hopes automakers will adopt as they seek to attract younger, more connected consumers.
Sprint Velocity allows drivers to connect mobile phones to their vehicles through Bluetooth, providing access to a range of applications, including voice-activated texting and email, navigation, news and sports updates and music.
LOS ANGELES (Reuters) – Ford Motor Co, which has emphasized improving the fuel efficiency of its lineup, won a top “green car” award for its Fusion midsize sedan, which is offered in gas-powered, hybrid and plug-in hybrid versions.
This wide range of powertrains was the reason it was dubbed Green Car of the Year at the Los Angeles Auto Show on Thursday. The award by Green Car Journal recognizes leadership in reducing tailpipe emissions.
LOS ANGELES, Nov 29 (Reuters) – Ford Motor Co, which
has emphasized improving the fuel efficiency of its lineup, won
a top “green car” award for its Fusion midsize sedan, which is
offered in gas-powered, hybrid and plug-in hybrid versions.
This wide range of powertrains was the reason it was dubbed
Green Car of the Year at the Los Angeles Auto Show on Thursday.
The award by Green Car Journal recognizes leadership in reducing
LOS ANGELES, Nov 29 (Reuters) – U.S. auto sales are expected
to rebound robustly in November, potentially hitting their
strongest pace in more than four years, as consumers in the
Northeast returned to dealerships after superstorm Sandy hurt
demand in late October.
November sales were also boosted by pent-up demand for
vehicles as consumers replaced their aging cars and trucks,
analysts and executives said.
LOS ANGELES/DETROIT, Nov 28 (Reuters) – Ford Motor Co
has spent six years under Chief Executive Alan Mulally
developing its ‘One Ford’ global product strategy. Building on
this plan is Mark Fields’ top priority when he starts running
the automaker’s global operations next month.
“The priorities are almost exactly identical to the
priorities we’ve been working on,” Fields told reporters during
a roundtable at the Los Angeles Auto Show. “First off is
delivering the ‘One Ford’. It’s a timeless plan.”