Alternus Clean Energy Emerges from $575MM Blank Check Acquisition
Ireland’s Alternus Energy Group Plc. (AEG), a transatlantic...
Ireland’s Alternus Energy Group Plc. (AEG), a transatlantic clean energy independent power producer, has completed a previously announced business combination with a special purposes acquisition company Clean Earth Acquisitions Corp. to createa new company, Alternus Clean Energy Inc.
Law firm Winston & Strawn said the acquisition was valued at $575 million. Under the terms of the amended business combination agreement, AEG owns approximately 80% of the company,with the remainder owned by Clean Earth sponsors and public shareholders.
College Football Playoff kicks off Monday with No. 1 Michigan taking on No. 4 Alabama...
College Football Playoff kicks off Monday with No. 1 Michigan taking on No. 4 Alabama (4 pm ET, ESPN) and No. 2 Washington against No. 3 Texas (8 pm ET, ESPN) (More) | See full college football bowl schedule (More)
University of Wisconsin-La Crosse Chancellor Joe Gow fired after pornographic videos of Gow and his wife are uncovered (More)
US military's X-37B space plane begins its seventh mission; the vehicle was launched via a SpaceX Falcon Heavy rocket, allowing it to reach as high as 22,000 miles above Earth (More)
Global mergers and acquisitions fell 17% to $2.87T in 2023, the lowest level in more than 10 years and driven partly by tightening markets; Japan was the only country to see M&A growth at 32% (More)
Historybook: President Andrew Johnson born (1808); Texas becomes the 28th US state (1845); US Army kills over 250 Lakota people at Wounded Knee (1890); Actress Mary Tyler Moore born (1936); Soccer legend Pelé dies (2022).
US stock markets are on pace to wrap up the year with ...
US stock markets are on pace to wrap up the year with double-digit gains. The S&P 500, which is hovering near its all-time high, closed up 25% for the year yesterday. The technology-heavy Nasdaq closed up 45% for the year and is nearing its best year since 2003. The Dow closed up 14% for the year, setting a seventh-record high for the month yesterday.
This year's rally marks a reversal from 2022, when all three major indexes closed lower (S&P 500 -19.4%, Dow -8.8%, Nasdaq -33.1%), ending the worst year for markets since 2008. Gains in 2023 have been partly due to the rise of artificial intelligence and big tech stock increases, primarily with a group known as the Magnificent Seven: Alphabet, Amazon, Apple, Meta, Microsoft, Tesla, and Nvidia.
Benchmark U.S. crude oil for February deliveryfell $2.34 to $71.77 per barrel Thursday. Brent crude for February deliveryfell $1.26 to $78.39 per barrel.
Wholesale gasoline for January deliveryfell 6 cents to $2.09 a gallon. January heating oilfell 6 cents to $2.56 a gallon. February natural gasrose 12 cents to $2.56 per 1,000 cubic feet.
The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve(SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday.
The department said it bought the oil, for delivery to a site in Big Spring, Texas, for an average of $77.31 a barrel, below the average of $95 a barrel that oil sold for in 2022.
The administration of President Joe Biden had conducted sales last year, including a record one of 180 million barrels, to help control oil prices after Russia, a large crude exporter, invaded Ukraine.
The U.S has now purchased about 14 million barrels for replenishment after last year’s sales. About 4 million barrels are also coming back to the SPR by February as oil companies return oil that had been loaned to them through a swap.
