For J.H. Snyder Co. to start building a $197 million Los Angeles apartment complex in June, the developer cobbled together funds from two city agencies, a mezzanine lender and a pension fund to help fill a 63 percent funding gap left by JPMorgan Chase & Co.’s construction loan.
John Keker, the lawyer for Brian Stoker, the former Citigroup Inc. executive on trial in a fraud involving collateralized debt obligations, was scolded by Judge Jed S. Rakoff, who told him with the jury out of the courtroom that he was in danger of being found in contempt of court.
Vestas Wind Systems A/S fell to its lowest in almost two years in Copenhagen trading after the world’s largest wind turbine maker said a blade snapped on a prototype and Danske Bank A/S downgraded the stock.
Vestas Wind Systems A/S, the biggest wind-turbine maker, fell to its lowest since 2003 in Copenhagen after cutting its sales forecast, prompting analysts to say management’s future and chances to avoid a bid may be in doubt.
Vestas Wind Systems A/S , the world’s largest wind-turbine maker, plans to hire 850 workers at its Colorado plants in the United States over the next year and a half after winning orders in North America.
Infinis Plc, the renewables company owned by financier Guy Hands, said one of its wind turbines caught fire in “extreme stormy weather conditions” that caused most of Britain’s turbines to stop generating power.
Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, may reduce earnings and margins targets for 2015 under its so-called “Triple15” plan after slashing annual forecasts three times in two years.
Vestas Wind Systems A/S tomorrow plans to announce organizational changes that may cut thousands of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.