Aug 29 (Reuters) - Southern California Edison, a unit of utility Edison International ( EIX ), said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the California Public Utilities Commission, if approved, the company would be authorized to recover...

(Reuters) - Affirm shares rose 33% on Thursday after the buy-now-pay-later lender trounced estimates for quarterly results and said it expects to be profitable by the fourth quarter of next fiscal year, sooner than Wall Street had forecast. Cash burn has been one of the biggest drags on the valuation of financial technology companies, especially for those operating in the...

09:23 AM EDT, 08/29/2024 (MT Newswires) -- Southern (SO) subsidiary PowerSecure said Thursday the microgrid at its campus in Durham, North Carolina, will begin running the PowerBlock generator on renewable hydrotreated vegetable oil, or HVO, starting this month as part of a new clean energy initiative. The company said the move to HVO, a renewable fuel that mimics conventional diesel,...

09:15 AM EDT, 08/29/2024 (MT Newswires) -- Chartwell Retirement Residences (CSH-UN.TO) said Thursday that it agreed to acquire three modern retirement residences on Vancouver Island in British Columbia totaling 384 suites for $226.9 million. The acquisitions comprise the 152-suite Vista Retirement Residence in Victoria, the 77-suite Nanaimo Memory Care in Nanaimo, and the 155-suite Edgewater Retirement Residence, which is under...