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Putin defends curtailing of privatization plans
Russian President Vladimir Putin on Thursday defended his decision to withdraw lucrative government stakes in energy companies from a list of assets to be privatized. Privatization of state stakes in Russian energy assets has long been a thorny issue, dividing the Russian political elite's liberal and conservative members. Former President ...
Obama to campaign in Iowa, promote energy plan
As President Barack Obama readies for a return to the Iowa State Fairgrounds, his campaign is reminding voters that it was in that same spot where Republican rival Mitt Romney declared last year that "corporations are people." Democrats slammed Romney's assertion as a gaffe that showed the former Massachusetts governor ...
Germany beefs up monitoring of nuclear shutdown
The German government will more closely oversee the country's move from nuclear power to renewable energy, Chancellor Angela Merkel said Wednesday — a mammoth 10-year project for Europe's biggest economy that has been going slowly so far. Merkel said she will be meeting with all of Germany's 16 state governors ...
Fla. PSC approves Tropicana renewable energy deal
State regulators have approved a deal for Tropicana Manufacturing Co. to generate renewable energy. The Public Service Commission gave its approval Tuesday for interconnecting a 1.6 megawatt generating facility at Tropicana's Fort Pierce plant with Florida Power & Light Co. It will burn renewable landfill gas to power Tropicana's citrus ...
US gov't sets stiff tariffs on China solar panels
The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized products. The Commerce Department said Chinese producers had dumped solar cells and panels in the United States at margins ranging from 31 ...
Bangladesh announces probe into Grameen Bank units
Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel laureate Muhammad Yunus. The probe came weeks after Finance Minister A.M.A. Muhith said the bank's board had not authorized most of the affiliates. U.S. Secretary of State Hillary Rodham Clinton ...
Mid-Atlantic wind transmission line clears hurdle
A huge underwater power line to serve wind farms planned off the East Coast cleared a regulatory hurdle Monday, although construction is still years away. The project, known as the Atlantic Wind Connection, would enable up to 7,000 megawatts of electricity to be produced at offshore wind farms from Virginia ...
Romney says Obama has failed on energy policy
Republican Mitt Romney says President Barack Obama taking credit for increased American energy production is like Romney claiming responsibility for the Red Sox's World Series wins when he was Massachusetts governor. In each case, neither one has anything to do with the other, he said Wednesday. Standing near oil drilling ...
Hobbs, NM, picked as site of scientific ghost town
A scientific ghost town in the heart of southeastern New Mexico oil and gas country will hum with the latest next-generation technology — but no people. A $1 billion city without residents will be developed in Lea County near Hobbs, officials said Tuesday, to help researchers test everything from intelligent ...
Top Berkshire execs take questions at meeting
Berkshire Hathaway chairman and CEO Warren Buffett and vice chairman Charlie Munger spent more than five hours Saturday answering questions from shareholders, reporters and stock analysts. Here is a sample of their comments on a variety of topics: ___ BUFFETT'S SUCCESSOR: Buffett has said one of his most important jobs ...
As Japan shuts down nuclear power, emissions rise
The Fukushima crisis is eroding years of Japanese efforts to reduce greenhouse gas emissions blamed for global warming, as power plants running on oil and natural gas fill the electricity gap left by now-shuttered nuclear reactors. Before last year's devastating tsunami triggered meltdowns at the Fukushima Dai-ichi plant, Japan had ...
Geithner calls China currency reforms promising
U.S. Treasury Secretary Timothy Geithner told President Hu Jintao on Friday that China's moves toward a more market-oriented exchange rate are "very promising" and said economic relations are improving despite occasional tensions. Geithner, along with U.S. Secretary of State Hillary Clinton, met Hu during an annual high-level dialogue at which ...
Notes and quotes from the Louisiana Legislature
The Louisiana House unanimously agreed Thursday to expand a 10-year local property tax exemption and make it available to more businesses, but only after they included more hurdles for businesses to clear before the tax break could be offered. The package of bills (House Bills 674 and 694) sought by ...
Crisis-hit Japan mulls shift to renewable energy
Another long, stupefyingly hot summer is looming for Japan just as it shuts down its last operating nuclear power reactor, worsening a squeeze on electricity and adding urgency to calls for a green energy revolution. On Saturday, the last of the country's 50 usable nuclear reactors will be switched off, ...
US presses China over currency in economy talks
U.S. Treasury Secretary Timothy Geithner urged Beijing to let its tightly controlled currency strengthen and improve market access amid trade strains at a high-level economic dialogue Thursday. Beijing has allowed the yuan to rise gradually but Washington and other trading partners complain it still is undervalued, giving Chinese exporters an ...
AdWatch: Obama ad says Romney sent jobs overseas
TITLE: "Swiss Bank Account" LENGTH: 30 seconds. AIRING: In the battleground states of Virginia, Ohio and Iowa. KEY IMAGES: The ad opens with the words, "Over the top, erroneous, out of context" and shows images of a wind farm with the words, "Big oil's new attack ad," a reference to ...
United Tech 1Q profit up minus units on the block
United Technologies' net income from continuing operations rose more than 19 percent during the first quarter even as the company acknowledged some drag from slowing economic growth in the United States, China and Europe. The diversified manufacturer posted earnings from continuing operations of $1.26 billion, or $1.31 per share, if ...
China's dream of electric car leadership elusive
China's leaders are finding it's a lot tougher to create a world-beating electric car industry than they hoped. In 2009, they announced bold plans to cash in on demand for clean vehicles by making China a global power in electric car manufacturing. They pledged billions of dollars for research and ...
United Tech's 1Q profit up minus business sales
United Technologies' net income from continuing operations rose more than 19 percent during the first quarter, factoring out the businesses that the manufacturer put up for sale. The company posted earnings of $1.26 billion, or $1.31 per share, compared with earnings from those same operations last year of $1.05 billion, ...
School could close, may lose solar panel grant
Hundreds of Geneva parents packed a school board meeting Tuesday evening, ready to fight for their elementary school. Geneva Elementary isn't even closed yet, but WFTV's Bianca Castro found out that the district is already putting the brakes on a major project for the school. Students at Geneva Elementary have ...
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