Most interesting finance and busines news.
The Obama administration said Tuesday it is buying more than 100 Chevrolet Volts and other electric cars as it moves to improve fuel efficiency of the government’s massive fleet of cars and trucks.
The plan by the General Services Administration to buy 116 plug-in electric cars marks the government’s first purchase of road-ready electric vehicles, a […]
A hospital official says Egypt’s ex-first lady Suzanne Mubarak is feeling better following treatment for chest pains she suffered after being told she would be detained by the government for further questioning on corruption allegations.
The official says the 70-year-old wife of ousted leader Hosni Mubarak was visited Saturday by a cardiologist who found “noticeable improvement […]
Japanese Economy and Fiscal Policy Minister Kaoru Yosano said taxes must be part of funding earthquake reconstruction, as polls indicate public support for increasing levies to pay for rebuilding.
“Of course our borrowing must be backed by taxes,” Yosano, 72, said in an interview in Tokyo yesterday. While a sales tax increase “is one possibility […]
Holding a large, deep-pocketed industry to account can be unforgiving work.
Take the case of Robert Howarth, a biogeochemist and professor of earth sciences at Cornell University in New York. This week, Howarth and two research colleagues had a study of theirs published in the peer-reviewed journal Climatic Change.
The study
The operator of Japan’s crippled, leaking nuclear plant says two of the six reactor units are now safely under control after their fuel storage pools cooled down.
Tokyo Electric Power Company declared Units 5 and 6 safe Sunday night after days of pumping water into the reactors pool brought temperatures down.
Bringing the two units under control […]
A judge on Tuesday granted Borders a 90-day extension to determine how many additional stores it will close as it reorganizes under bankruptcy protection.
Borders said in February, when it filed for Chapter 11 reorganization, that it planned to close 200 stores. It now seeks to close up to 75 more, although the number is likely […]
Filed under: dollar, management by Guru
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Stocks fell sharply Tuesday and oil prices spiked as investors became worried about increasingly violent protests in Libya.
Oil prices rose 6 percent to $95 a barrel after the uprising threatened the country’s oil production. Libya is the world’s 18th largest oil producer, accounting for 2 percent of global daily output. It also sits atop the […]
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Verizon filed a legal appeal on Thursday challenging the Federal Communications Commission’s authority to enforce the new Net neutrality rules it adopted last month.
"We believe this assertion of authority goes well beyond any authority provided by Congress, and creates uncertainty for the communications industry, innovators, investors and consumers," Verizon senior vice president and deputy […]