Wall Street set to open higher on earnings, M&A

U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East. Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which would create the second largest... 

OriginOil Lands First Order for Industrial Scale Algae Oil Extraction System

OriginOil, Inc. the developer of breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced it has received the first commercial order to deploy its algae oil extraction system in an industrial setting. MBD Energy (MBD) recently committed to purchase an initial OriginOil... 

Savage to Construct, Own and Operate a Multi-User Railport at Trenton, North Dakota

Savage Companies (Savage) announced its plans to construct, own and operate a large multi-user rail terminal in Trenton, North Dakota. The terminal, to be known as Trenton Railport, will be served by the BNSF Railway, and will be designed to bring large-scale rail service to the Bakken Formation (the Bakken) with oil-field related materials such as... 

Datran Center Receives GOLD USGBC Environmental Award

Recently Datran Center, located in Miami, Florida, officially received a Gold-level Leadership in Energy and Environmental Design for Existing Buildings (LEED EBOM) award from the United States Green Building Council (USGBC). This facility is one of few select buildings to earn the distinction of USGBC LEED EBOM Gold certification in the State of... 

Philadelphia University and MAG Establish New Composites Institute to Develop Textile-Based Composites for Industrial Applications

Philadelphia University and MAG are establishing the Philadelphia University MAG Composites Institute for research and development of new textile-based composites that could have wide application in industry, including the aerospace, automotive and energy sectors. The new research institute will be funded in part by $1.1 million from MAG, whose chairman... 

Market flat, pares losses from jobless claims

U.S. stocks were little changed on Thursday, paring losses after weaker-than-expected jobless claims and helped by a rise in Marathon Oil. Contributing to the weakness was a sharp drop in shares of Merck on disappointing drug trial news. The drugmaker was the biggest percentage decliner on the S&P 500. Weekly initial claims for unemployment benefits... 

Enerkem strengthens its growth strategy with addition to its management team

Enerkem Inc., a leading waste-to-biofuels and chemicals company, today announced the appointment of Philippe Burton as Vice President, Human Resources. “We are thrilled to welcome Philippe Burton to Enerkem, where he will play a prominent role in further building our strong team and guiding talent development,” said Vincent Chornet, President... 

MagneGas Gains Legislative Exposure With Congressman’s Visit, Subsequent Announcement

MagneGas Corporation the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that Florida Congressman Gus Bilirakis visited the Company during the week of January 5th. After receiving a tour and comprehensive demonstration of the Company’s newest Refinery, Congressman... 

Teams Prepare for Round Two in the 2010-2011 Clean Energy Prize Competition

Ideas for new green-energy businesses ranging from a credit card bonus points program to fund renewable energy projects to a speed bump that generates electricity for roadside electronics will go head to head Jan. 21 in Round-2 competition for the 2010-2011 Clean Energy Prize. The competition, presented by DTE Energy and the University of Michigan... 

Market slips on bank worries, lackluster jobs data

Stocks fell on Friday after a court ruling in a key foreclosure case prompted investors to pull out of bank stocks, adding to weakness after a lackluster jobs report. Even with the decline, however, the S&P 500 and Dow recorded their sixth straight week of advances. The market has proved resilient despite expectations that stocks were due for a...