Caterpillar says it plans to close five plants and trim about 670 jobs in Illinois and several other states.» Read More
Here some of Friday's big movers on European stock markets
Here's our exclusive web cast on investment strategies to help you win the CNBC Million Dollar Portfolio Challenge. CNBC host Dylan Ratigan talks with Bill Barker, Motley Fool senior analyst, and Arthur Hogan, Jefferies managing director offerd his own high-risk, high-return stock picks.
The TXU LBO looks good on paper, but environmental challenges to company plans for coal-fired power plants could frustrate investors.
Venezuelan President Huge Chavez announced his intent this month to nationalize his country’s vast oil sector (as well as the nation's largest phone company and utilities). His statements made headlines across the globe, sending the Venezuelan stock exchange down 19% in a single day.
How do you feel about buying a sector where the profit prospects still look challenging, but the reduction in expectations has now brought the price back onto professional investor radar screens?
The French financial regulator AMF on Tuesday gave billionaire Francois Pinault three weeks time in order to present an offer for French utilities company Suez, Reuters reported.
They haven't always been known as the sexiest stocks out there but their returns lately are very alluring. The Dow Jones Utility Average is now trading around record highs--but how much juice is left? On CNBC’s “Morning Call” Liz Claman talked with Greg Gordon--a utilities analyst with Citigroup.
The country has become the world leader in wind power development, currently supplying an estimated one-fourth of all wind energy injected into the grid worldwide, according to the new China Wind Market Quarterly report by GTM Research and Azure International. Furthermore, according to Azure forecasts, China's installed wind capacity will increase from a predicted 80 gigawatts by the end of 2012 to roughly 150 gigawatts by the end of 2015, significantly exceeding the wind target set by China's 12th Five-Year Plan. FIGURE: Wind Forecast by Province in 2015 However, the sector faces some immense challenges, from ongoing problems with grid connection, ever-growing amounts of curtailed wind generation, new restrictions from State Grid on who can connect, and, perhaps most importantly, uncertainty about whether policymakers will do as they have done in the past to ensure the sector continues its rapid growth.
Shipments were 418 MW, above the high end of the Company's previous guidance of 370 MW, and flat from the 418 MW shipped in the second quarter of 2012 Net revenue wa s RMB 1.6 billion, a decrease of 9.2% from RMB 1.8 billion in the second quarter of 2012 Gross margin was negative 5.9%, compared with positive 4.8% in the second quarter of 2012. Excluding an inventory provision of RMB 51.4 million and a reversal of prior provisions for anti-dumping and countervailing duties in the United States of RMB 15.8 million, gross margin would have been negative 3.7% Operating loss was RMB 631.3 million, compared with operating loss of RMB 155.9 million in the second quarter of 2012. Excluding a long-lived asset impairment of RMB 250.7 million and a prepayment impairment of RMB 75.2 million, operating loss would have been RMB 305.4 million Net loss was RMB 371.4 million, compared with net loss of RMB 457.8 million in the second quarter of 2012. Loss per diluted ADS was RMB 1.91, compared with loss per diluted ADS of RMB 2.34 in the second quarter of 2012 Operating cash flow was positive RMB 545.3 million, compared with negative RMB 254.0 million in the second quarter of 2012 Cash and cash e quivalents at the end of the quarter were
Microsoft's Data Center Research Project in Cheyenne, Wyoming to be powered by fuel cell power plant Renewable biogas to be used to generate carbon neutral electricity that is virtually free of pollutants.
SSE will utilize AMSC's D-VAR reactive compensation and voltage control systems to enhance the electricity grid in the Western Isles of Scotland near the future wind farms at Stornoway and Loch Carnan. AMSC's D-VAR solution includes installation and ongoing maintenance and support for SSE.