| December 18, 2008 |  |
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Obama rounds out cabinet, games out global crises Chicago (AFP) Dec 17, 2008 
President-elect Barack Obama Wednesday filled out his incoming cabinet with picks for agriculture and interior, while stepping up his contingency planning for a post-inauguration emergency. The Democrat nominated former Iowa governor Tom Vilsack as his secretary of agriculture, putting the fervent advocate of corn-based ethanol in charge of the nation's much-criticized 300-billion-dollar ... read moreNorway's central bank wants to delay vote on Buffet's bid for Constellation 
Oslo (AFP) Dec 17, 2008Norway's central bank, one of the biggest shareholders in US group Constellation Energy, called Wednesday for the postponement of an upcoming shareholder vote on US financier Warren Buffet's bid for the group. The central bank, which owns 4.8 percent of Constellation Energy through its investment management division, has filed a lawsuit in the US state of Maryland to delay the December 23 ... more
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Honda sets up hybrid battery venture despite slump
Tokyo (AFP) Dec 17, 2008Japan's Honda Motor Co. Wednesday announced a venture to develop lithium-ion batteries, saying environmentally friendly hybrid cars were heading for the mass market despite the global auto industry slump. Japan's second-largest automaker plans to set up the company next year jointly with Kyoto-based battery maker GS Yuasa Corp. at a cost of some 15 billion yen (about 170 million dollars). ... more Signet Solar To Build Production Facility In New Mexico 
Santa Fe NM (SPX) Dec 18, 2008Governor Bill Richardson has announced Signet Solar will build the company's first North American solar panel production facility in Belen. The first phase of the plant will bring 200 high-wage jobs to the state and is scheduled to begin operations in 2010. Signet's long-term plans call for expansion and the creation of a total of 600 jobs. "As Governor, I've been dedicated to making New ... more France's EDF agrees 4.5-bln-dlr deal to buy US nuclear assets 
Paris (AFP) Dec 17, 2008US energy firm Constellation Energy has accepted a 4.5-billion-dollar (3.15-billion-euro) offer from French giant EDF for a 49.99 percent stake in its nuclear power business, the companies said Wednesday. The decision was a blow for renowned US investment guru Warren Buffett, whose energy group MidAmerican had offered 4.7 billion dollars for the whole of the group. A statement from the ... more  |
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Walker's World: Could U.S. go bankrupt?
Washington (UPI) Dec 17, 2008 Is the Fed running out of firepower? Or, to rephrase the question, is it possible that the central bank of the world's biggest economy is becoming overstretched and overwhelmed by the costs of the crisis? If so, does that mean the United States could go bankrupt? The question is becoming urgent, because Tuesday the Fed cut the federal funds rate from an extraordinarily low 1 ... more Sunrise Solar Completes Successful Asian Mission 
San Antonio TX (SPX) Dec 18, 2008Sunrise Solar has announced the successful completion of its first Asian mission. The Company's Chief Technology Officer, Dr. Jun Kim, met with executives of solar partners and suppliers in Korea and China setting the foundation for the Company's future growth. "We expect the relationships we have established with these key industry partners to provide a base from which we will successfully ... more Steve Jobs leaving Macworld stage as Apple bows out 
San Francisco (AFP) Dec 16, 2008Apple said Tuesday that its iconic chief executive Steve Jobs will not make his traditional superstar appearance at Macworld Expo in January, and that the company is dropping out of the event. Apple's senior vice president of Worldwide Product Marketing Philip Schiller, who has routinely served as a comic sidekick during Macworld keynote presentations, will replace Jobs on stage in San ... more SAS Solar Farm Goes Live 
Cary NC (SPX) Dec 18, 2008Sustainability has been a key focus in 2008 at SAS, the leader in business analytics. As the year draws to a close, the company celebrates a green milestone: its on-campus solar farm is now live and providing power to the Progress Energy utility grid. The solar farm began generating power the week of Dec. 15. "In less than a year this plan went from idea to reality," said SAS CEO Jim ... more |
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