World News

First Solar to pay $350 million to end shareholder lawsuit, avert trial

(Reuters) – First Solar Inc said on Monday it agreed to pay $350 million to settle a long-running shareholder lawsuit accusing the solar panel maker of inflating its stock price by concealing design defects and reporting misleading financials over nearly four years. The class-action settlement requires approval by U.S. District Judge David Campbell in Phoenix, […]

World News

Russneft sole supplier of Russian oil to Belarus: sources

LONDON/MOSCOW/MINSK (Reuters) – Russia’s Russneft, co-owned by trader Glencore, is the only Russian supplier delivering oil to Belarus after the start of the new year, allowing the neighbor’s refiners to continue processing modest volumes of crude, three industry sources told Reuters. Deliveries of oil from Russia had been suspended since Jan. 1 amid a dispute […]