Jan 29- Pennsylvania Governor Tom Wolf on Thursday signed an executive order reinstating a moratorium on new leases for oil and natural gas development in state parks and forests. Officials in Pennsylvania were not immediately available to say how much gas and oil energy companies produce from state forest and park land. Drilling for gas in the Marcellus...» Read More
Oil prices slipped as worries about global economic health outweighed concerns that U.S. refinery problems could hit supplies in the world's top consumer.
Shares of Germany's Nordex surged 14% at the European open on continued speculation its two main shareholders, Goldman Sachs and CMP Capital Management Partners, were planning to sell their stakes in the wind-turbine maker.
Sales of new U.S. homes unexpectedly rose 2.8 percent to an 870,000 annual sales pacein July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday. Despite the surprising strength, some economists said the housing outlook remains grim.
Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
Hurricane Dean plowed into the Caribbean coast of Mexico on Tuesday as a roaring Category 5 hurricane, the most intense Atlantic storm to make landfall in two decades, but has since weakened and been downgraded to a Category 1 storm.
Stock traders will be looking over their shoulders at the credit markets as a furious flight to quality into Treasuries keeps the pressure on stocks prices. For now, stock futures are higher and look set for a firmer opening.
Hurricane Dean, the Atlantic season's first major storm, was heading toward Mexico's Yucatan Peninsula as a powerful Category 4 storm early Monday as it continued to track west across the Caribbean, the U.S. National Hurricane Center said in its latest advisory.
Senate Democrats' fruitless effort to force a withdrawal of U.S. troops from Iraq this week carries a side lesson for everyone on Wall Street watching other parts of the Washington political agenda. The lesson? From hedge fund taxes to energy legislation to expansion of government-financed health care, it appears that the domestic policy phase of the Bush presidency is pretty well over.
Beverage companies are looking to bottled water for profits, but environmentalists are speaking out in their opposition to the popular product. If the number of bottled waters consumed by Americans annually were laid out end to end, they would stretch around the globe 500 times, according to the Sierra Club's Ruth Caplan, who appeared on CNBC's "Morning Call."
The City of Light wants to be the city that bikes.
After all the hubbub about Live Earth, it wasn't quite the worldwide phenomenon everyone was hoping. I had intentions of watching the concert, but ended up spending time outside enjoying the lovely summer weather. The estimated 2.7 million viewers fell short of the 3 million viewers NBC usually draws on summer Saturday nights with repeats and Stanley Cup Hockey.
Boom! Monday morning and the Chinese markets notch up 3% intra-session. Oil hangs on to $75 a barrel, the dollar is firm and European bourses are fired up to make early gains. If the de-risking trade is on-going into what traditionally should be a Summer slowdown then it is proving tricky finding the evidence.
Like him or not, Al Gore has some big ideas. It doesn't matter whether you're a Democrat, a Republican, or an Independent. It doesn't matter whether you think global warming is man-made, natural, God’s will, or not happening at all. And it doesn't matter whether you’re buying sun tan oil by the case or getting ready for a climate apocalypse. No matter where you stand, there’s something you can learn about PASSION from Al Gore.
You'd think that with sand being one of the world's most abundant natural resources--and the key ingredient used in chip making--that there'd be no chance of a silicon shortage. You'd be wrong, and you can thank the incredibly fast growing solar panel industry for the problem. These two industries have been fighting for raw material to fuel their growth for some time, but now, an innovative solution may make both sides happy--and generate many happy returns for investors in companies like Intel, National Semiconductor, Texas Instruments, Freescale, AMD and so many others.
What the Green Bay Packers mean to football is what Encap just might end up meaning to your lawn. And to acres of recovering forest land all over the United States. Keep your eye on this one--and on that brown spot in your lawn. Encap '...invents, manufactures and distributes environment-friendly advanced soil technology products...' A forest burns, and what's to keep the ground from being washed away? Right now the forest service 'bombs' the burned out areas with straw.
Travellers switching from cars to bus and rail due to environmental concerns helped Britain's Stagecoach boost year profit by 38%, beating forecasts, as it reported a strong start to its new financial year.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
The head of Boeing's commercial aircraft unit Sunday backed a call by rival Airbus to work closely on producing more environmentally friendly planes, but said real progress was the responsibility of jet engine makers, rather than plane builders.
The increased demand for "green" vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings said Thursday it will spend $68 million to add 3,400 Toyota Prius hybrids to its fleets by 2008. And Avis Budget Group said this week it plans to make 1,000 hybrid Prius vehicles available for rent as early as next week.
The Group of Eight wealthy-nation summit in Germany is ending Friday. Now, the question arises: Is the G8 still able to confront global issues or has it become outdated? Ian Vasquez, director of the CATO Institute’s Center for Global Liberty & Prosperity, and P.J. Crowley, senior fellow and director of homeland security at the Center for American Progress, presented differing views on “Morning Call.”