Hot Business Topics
South Africa will probably report this week that the economy is expanding at its fastest pace in more than a year and that inflation exceeded the target range for a second month, closing the door on interest rate cuts.
Regulators may also announce an increase in electricity prices of as much as 30 percent […]
Filed under: technology by Forest
Comments Off
There’s one safety feature that Toyota could have had in its cars for years that would have stopped many, perhaps even most, cases of unintended acceleration — it’s called ‘brake override.’
Toyota has been saying for several weeks that it will add the feature to all of its new cars, and singled out the technology […]
Filed under: money by Forest
Comments Off
BankAtlantic Bancorp on Friday filed a prospectus with the Securities and Exchange Commission to raise up to $75 million through a stock offering.
The Fort Lauderdale-based banking company (NYSE: BBX) said it would use the money – should it decide to proceed with the offering – to repurchase its debt at a discount. In January, BankAtlantic […]
Filed under: term by Forest
Comments Off
Vestas Americas on Thursday cut 114 positions, or 6 percent of its North American work force, due to sluggish demand for wind energy projects.
Vestas Americas is the Portland-based North American headquarters of Vestas Wind Systems A/S, the Randers, Denmark-based wind turbine manufacturer.
The cuts impact only 15 at the company’s Portland office, which employs around 500 […]
Filed under: business by Forest
Comments Off
Auto giant Toyota is expected to recall almost 300,000 Prius vehicles worldwide, ending several days of speculation about the much-embraced and honored hybrid.
Japan’s Kyodo News agency says the automaker will recall 100,000 hybrids in the U.S. and another 170,000 in Japan. The recall would affect only those Prius models that arrived at dealerships starting in […]
Filed under: news by Forest
Comments Off
President Barack Obama’s politics may be drawing inspiration from an unlikely source: Ronald Reagan.
The late Republican president may become Democrat Obama’s most relevant role model as the U.S. economic and political climate mirrors Reagan’s first term, which began in 1981.
While Republicans suffered losses in the congressional elections of 1982, the economy began […]
Filed under: technology by Forest
Comments Off
FutureGen timeline
February 2003 — President George W. Bush announces initiative to develop coal-fueled power plant with near-zero emissions.
April 2003 — Utilities and mining companies, including St. Louis-based Peabody Energy, organize to help build plant, dubbed FutureGen.
December 2005 — Department of Energy, companies sign agreement to develop plant.
April […]
Filed under: marketing by Forest
Comments Off
Laclede Group Inc., the owner of Missouri’s largest natural gas utility, said fiscal first-quarter profit fell 27 percent on lower margins and sales from its wholesale gas marketing unit.
Net income for the quarter ended Dec. 31 was $22.9 million, or $1.03 per share, compared with $31.3 million, or $1.41, a year earlier.
[…]
Filed under: online by Forest
Comments Off