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	RUBRIC NEWS : "POWER MARKET"

India Suzlon unit wins US wind turbine order : India's Suzlon Energy <SUZL.BO> said on Wednesday its German unit REpower Systems <RPWGn.DE> has signed a contract to supply wind turbines with a total capacity of 18.45 megawatts to U.S. firm Heritage ...
18 Nov 2009 09:55

16 Nov 2009 09:32

Devon to Sell Up to $7.5 Bln in Assets, Exit Offshore : Devon Energy Corp., the biggest independent U.S. oil and gas producer, plans to sell its Gulf of Mexico and overseas assets to raise as much as $7.5 billion for debt reduction and focus exclusively ...

A-Power’s Texas Windfarm Doesn’t Involve U.S. Funds : A-Power Energy Generation Systems Ltd.’s $1.5 billion wind farm venture in Texas doesn’t “involve” U.S. stimulus funds, said Chief Operating Officer John Lin. The project will be funded by Chinese banks through loans to be obtained by unit Shenyang Power Group, which owns 49 percent of the wind farm, Lin said by phone from Shenyang, the capital of ...
06 Nov 2009 10:20

Yahoo looking better to investors after profit soars despite drooping ad sales : Yahoo Inc. may finally be pulling out of a three-year slump that cast aside two CEOs and spurred a cost-cutting campaign that led to about 2,000 layoffs. The purge helped Yahoo more than triple its third-quarter profit from last year to top analysts' relatively low expectations for the troubled Internet company. The ...
21 Oct 2009 14:29

Canada, U.S. Making Progress in Buy America Dispute : Oct. 19 (Bloomberg) -- The U.S. and Canada are making progress in resolving a dispute between the countries over Buy America restrictions in the $787 billion U.S. stimulus measure, a Canadian ...
20 Oct 2009 08:22

Oil prices drop four dollars : New York oil prices dived by more than four dollars on Monday, mirroring sharp falls on global stock markets amid growing expectations that energy demand will weaken further, dealers said. New York's main futures contract, light sweet crude for delivery in April, slumped 4.34 dollars -- or nearly 10 percent -- 40.42 dollars a barrel. ...
03 Mar 2009 09:24

27 Feb 2009 12:42

Citi Gets Third Rescue as U.S. Plans to Raise Stake (Update2) : The U.S. government ratcheted up its effort to save Citigroup Inc., agreeing to a third rescue attempt that will cut existing shareholders’ stake in the company by 74 percent. The stock ...

16 Feb 2009 08:30

Crude Oil Trades Below $37 on Slowing Global Demand for Fuel : Crude oil traded below $37 a barrel in New York on speculation a recession in the world’s largest economies will stifle demand for fuel. Japan’s economy, the world’s largest oil consumer after the U.S. and China, contracted the most since 1974 in the fourth quarter, a government report showed today. The U.K. will shrink ...

16 Feb 2009 05:30

Focus on U.S. Executive-Pay Limits Shifts to Implementation : The Obama administration signaled some flexibility on executive-pay restrictions passed by Congress, while a leading lawmaker warned that concessions to bailed-out banks are likely to be few ...

Canadian ambassador warns against 'Buy America' : Reports say Canada’s ambassador to the United States has bluntly warned American lawmakers their nation’s moral authority on global trade issues is being put at risk. A letter to U.S. Senate leaders from Michael Wilson warns of that prospect should “Buy American” provisions in President Barack Obama’s economic rescue package become law. ...
04 Feb 2009 08:30

New York oil price falls below $38 a barrel : The price of New York crude oil sank under 38 dollars per barrel on Thursday, hitting the lowest point for four and a half years as traders fretted over weak global demand despite an OPEC output cut. ...
18 Dec 2008 12:39

17 Dec 2008 04:49

Canada Job Losses Would Be ‘Catastrophic’ in Automaker Collapse : The failure of General Motors Corp., Chrysler LLC and Ford Motor Co. would be ‘catastrophic’ for the Canadian labor market, the Ontario government said, backing an industry estimate ...

11 Dec 2008 06:18

Foreclosure Storm Will Hit U.S. in 2009 as Loan Changes Fail : U.S. foreclosure filings climbed 28 percent in November from a year earlier and a brewing “storm” of new defaults and job losses may force 1 million homeowners from their properties next ...

Sears restores layaway program amid retail gloom sweeping North America : Sears Holdings is bringing layaway back to its namesake stores next week, nearly two decades after it was scrapped. It's making that move after seeing a strong response to the pay-as-you-go plan at its Kmart locations. The move comes as shoppers look for ways to save money during what's ...
13 Nov 2008 10:14

13 Nov 2008 09:20

U.S. Stock-Index Futures Retreat on Intel and OECD Forecasts : U.S. stock-index futures fell as Intel Corp. and National Semiconductor Corp. slashed their sales forecasts and the Organization for Economic Cooperation and Development cut its estimate for ...

13 Nov 2008 06:29

Lend Lease Falls After Scrapping King of Prussia Sale (Update2) : Lend Lease Corp. shares slumped 9 percent in Sydney trading after Australia's largest developer scrapped plans to sell its half of the King of Prussia shopping center, the third-largest ...

Premier fears Obama will force jobs out of Ontario : Ontario Premier Dalton McGuinty says he is worried that U.S. president-elect Barack Obama will force the Detroit Three auto makers to repatriate jobs by pulling production out of Canada and Mexico in ...
13 Nov 2008 05:33

WorldSpace files for bankruptcy in US : Digital satellite radio broadcasting company, WorldSpace Inc, has filed for bankruptcy protection in a US court after failing to obtain new financing. According to reports, the Maryland-based company has listed a debt of $2.1 billion and assets of $307.4 million as of June 30, 2008. WorldSpace has sought bankruptcy protection so as to be able to raise fresh ...
19 Oct 2008 16:17

New York May Lose 165,000 Jobs on Financial Woes, Official Says : New York City may lose as many as 165,000 jobs, including 35,000 in the financial industry, as the impact of the credit crisis spreads throughout the economy, Comptroller William Thompson ...
15 Oct 2008 02:10

03 Oct 2008 07:32

Treasuries Head for Sixth Weekly Gain on Bets for Lower Rate : Treasuries headed for a sixth week of gains on speculation the Federal Reserve will have to cut interest rates to avert a recession. The longest winning run since February pushed the two-year yield to the lowest level in two weeks before a U.S. government report that economists estimate will show companies cut jobs in ...

30 Sep 2008 07:30

US to give $ 100 mln to Pakistan for agri sector : The US Ambassador to Pakistan Ms Anne W Patterson has said that the United States wants long-term, broad-based relations with Pakistan and is going to announce $ 100 million package for its Agriculture ...

30 Sep 2008 06:40

Oil Rises on Speculation U.S. Will Pass a Bank Bailout Plan : Crude oil rose, recovering from its biggest drop in seven years, on speculation the U.S. government will salvage plans to bail out banks. Judd Gregg, the Senate Banking Committee's ranking Republican, and Barack Obama, the Democratic presidential candidate, said a deal would eventually pass. Oil slumped more than $10 yesterday ...

22 Sep 2008 04:03

Oil Rises for Fourth Day as U.S. Bailout Plan May Spur Demand : Crude oil rose for a fourth day in New York on speculation the U.S. government's proposed $700 billion rescue plan for the finance industry will spur demand. Oil has climbed 16 percent since Sept. 16, the biggest four-day gain since October 2000, as lawmakers pledged fast consideration of the Treasury's plan to buy devalued mortgage- related ...

27 Aug 2008 06:25

Stocks mixed on higher oil, consumer data : Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about ...

27 Aug 2008 05:15

King says Alpharma rebuffed a $1.4B buyout bid : King Pharmaceuticals Inc. said Friday that rival Alpharma Inc. has rejected a $1.4 billion buyout offer but indicated it is prepared to take the bid directly to shareholders in a move to expand its ...

Carney Sticks to Inflation Target, Floating Currency (Update2) : Mark Carney, who takes over as Bank of Canada governor on Feb. 1, promised to stick with an inflation target and a floating currency and said fixing the Canadian dollar to its U.S. ...
06 Dec 2007 07:30

Agrium Agrees to Buy UAP Holding for $2.16 Billion (Update6) : Agrium Inc., North America's third- largest fertilizer producer, agreed to buy UAP Holding Corp. for $2.16 billion to double its U.S. retail outlets as demand for crop-protection products ...
04 Dec 2007 04:30

29 Nov 2007 05:16

Crude Oil Surges After Explosion at Enbridge's Pipeline to U.S. : Oil surged more than $4 a barrel, the most in a month, after an explosion at an Enbridge Inc. pipeline from Canada to the U.S. cut supply to the world's largest energy user. ...

Canadian Officials Say China Must Do More on Yuan (Update1) : Canadian officials said China must allow the yuan to appreciate faster after a ``frank'' round of talks at a meeting of policy makers from the Group of 20 nations. ``China and a number of other Asian countries need to do more,'' Canadian Finance Minister Jim Flaherty said on a conference call with reporters from Kleinmond, South Africa, where the G-20 ...
19 Nov 2007 04:23

Ralcorp Agrees to Buy Kraft Foods's Post Cereals Unit (Update4) : Ralcorp Holdings Inc., maker of Ry- Krisp crackers and Ralston Foods cereals, agreed to buy Kraft Foods Inc.'s Post cereals for $2.6 billion. Ralcorp shares rose the most in three ...
15 Nov 2007 12:25

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