Russia's Severstal posts weaker Q1 profit as steel prices fall – Reuters Africa

MOSCOW, April 22 (Reuters) – Russia’s Severstal, one of the country’s largest steelmakers, said on Monday its first-quarter net profit fell 7 percent year-on-year to $428 million, hurt by lower steel prices and weaker sales. * The company’s first-quarter revenue fell 6.5 percent to $2.03 billion, it said, while earnings before interest, taxation, depreciation and …

U.S. stocks mostly higher as Nasdaq ends at 6-month high ahead of big-name earnings – MarketWatch

U.S. stocks closed mostly stronger Monday, with the tech-heavy Nasdaq finishing at a six-month high, as investors face a big week for corporate quarterly results and economic data following an extended holiday weekend. Investors were also monitoring a jump in crude-oil prices as the U.S. said it would end waivers for countries that import Iranian …

AEP Completes Purchase Of Wind Assets From Sempra – PRNewswire

COLUMBUS, Ohio, April 22, 2019 /PRNewswire/ — American Electric Power (NYSE: AEP) today announced that its competitive renewable energy subsidiary, AEP Clean Energy Resources, has completed the purchase of Sempra Renewables LLC and its 724 megawatts (MW) of operating wind generation and battery assets for approximately $1.05 billion. AEP will pay Sempra $584 million in cash, …

AEP Completes Purchase Of Wind Assets From Sempra – Benzinga

COLUMBUS, Ohio, April 22, 2019 /PRNewswire/ — American Electric Power (NYSE:AEP) today announced that its competitive renewable energy subsidiary, AEP Clean Energy Resources, has completed the purchase of Sempra Renewables LLC and its 724 megawatts (MW) of operating wind generation and battery assets for approximately $1.05 billion. AEP will pay Sempra $584 million in cash, which …