Cliffs Natural Resources Inc. said activist hedge fund Casablanca Capital LP rejected its offer to appoint two independent directors and said it has postponed a shareholder meeting to pursue an accord.
Yingli Green Energy Holding Co., the world’s biggest solar-panel maker, said its margin in the fourth quarter will be lower than it had expected because of a change in taxation and disposal of some inventories.
The chief executive of French water company Veolia Environnement SA publicly identified the utility’s second-biggest shareholder and his predecessor today for two attempts to engineer his ouster in as many years.
PKN Orlen SA , Poland’s largest oil company, will fully start a hydrocracker unit at its refinery at Plock, Poland, on April 20 after maintenance, the company’s press office said today in an e-mailed statement.
Technip SA Chief Executive Officer Thierry Pilenko said he doesn’t expect Libya will play an important role in the company’s portfolio in the near term and that resuming oil and gas production in the war-torn country would likely take time.
Travelodge Ltd. took a 10 million pound ($15.8 million) emergency bank loan ahead of talks with its lenders, the Sunday Times of London reported, citing unidentified bankers and people familiar with the matter.