Energy
World stocks strong into the weekend
World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board reported that its leading indicator index for the U.S. increased 0.6 percent in April, following a 0.2 decline in March, due to recovering housing and labor markets. "In general, ...
Czech, US cooperate in developing new reactors
The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation between the two countries in developing new nuclear reactors. The U.S. Embassy in Prague says the fluoride salt comes from the Department of Energy's ...
Oil gains to near $96 as investors eye US economy
The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy. By early afternoon in Europe, benchmark oil for June delivery was up 45 cents to $95.61 a barrel in electronic trading on the ...
Sierra Club says Kemper deal voids PSC approval
The Sierra Club has asked the Mississippi Supreme Court to order the Public Service Commission to again reconsider its approval of the $4.3 billion coal-fired power plant Mississippi Power Co. is building in Kemper County. In legal papers filed Thursday, the environmental group says that a January settlement so changes ...
Business Highlights
___ Wal-Mart's 1Q profit, sales disappoint NEW YORK (AP) — The first few months of the year were tough for Wal-Mart Stores Inc. The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during ...
Interior issues new drilling rule on public land
Companies that drill for oil and natural gas on federal lands will be required to disclose publicly the chemicals used in hydraulic fracturing operations, the Obama administration said Thursday. The new "fracking" rule replaces a draft proposed last year that was withdrawn amid industry complaints that federal regulation could hinder ...
Senate confirms physicist Moniz as energy chief
Physicist Ernest Moniz won unanimous Senate confirmation Thursday to be the nation's new energy secretary. Moniz, 68, a professor at the Massachusetts Institute of Technology, replaces Steven Chu, who served as energy secretary in President Barack Obama's first term. Moniz served as an energy undersecretary in the Clinton administration. Sen. ...
Oil reverses early losses, tops $95 a barrel
Oil followed a familiar pattern Thursday, moving higher despite some less-than-stellar economic reports. Benchmark oil for June delivery rose 86 cents to close at $95.16per barrel on the New York Mercantile Exchange, after falling as low as $93.23. Trading Wednesday was similar, when oil finished with a gain of 9 ...
Trump goes to court to oppose Scotland wind farm
American tycoon Donald Trump is taking legal action to challenge the Scottish government's decision to approve an offshore wind farm near his luxury golf resort. The Trump Organization said Thursday it has lodged a petition with Scotland's Court of Session. The company is asking for a judicial review of the ...
EUROPE CONSIDERS EMISSION FINES FOR CHINESE AND INDIAN AIRLINES
c.2013 New York Times News Service BRUSSELS — The European Commission said Thursday that Air China and Air India were among 10 Chinese and Indian airlines facing the prospect of fines and exclusion from airports in the European Union for refusing to comply with rules aimed at regulating greenhouse emissions. ...
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