As oil muddies outlook, Fed policy less certain

Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of U.S. monetary policy and making next week’s policy meeting all the more contentious. The sharp rise in energy costs, precipitated by a wave of pro-democracy uprisings across the Arab world, could affect the economy in different ways, by retarding... 

Estrakon Launches New Product Line at GlobalShop 2011

Estrakon, Inc., will officially launch its new Krystal Frame edge-lit LED product line at GlobalShop 2011 — at the Sands Expo and Convention Center in Las Vegas next month, Booth # 656. Krystal Frame features open-edge, glowing displays that are lightweight, thin, energy-efficient and elegant. “The non-animated Krystal Frame expands the... 

Alpha close to $7 billion Massey deal: sources

Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. One of the sources said Massey shareholders will receive slightly more than one Alpha share for each Massey share in addition to $10 per share in cash, for a value... 

BP and Russia’s Rosneft in share swap, Arctic pact

BP Plc and Russia’s state-controlled Rosneft (ROSN.MM) agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies. BP (BP – News), recovering from its Gulf of Mexico oil spill disaster, will swap 5... 

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... 

THINK Delivers Its First U.S.Built Electric Cars

THINK™, the world’s leading dedicated electric vehicle maker, has delivered its first U.S.-built cars to the State of Indiana for use in its government fleet. The 15 vehicles, which were shipped from THINK’s manufacturing facility in Elkhart, Ind., will be the first electric passenger vehicles with American-made, Lithium-ion batteries... 

Can CA Economy Afford Climate Policies?

As political pressure mounts to delay California’s ambitious global warming policies, a new report from University of California researchers examines the economic impacts of putting the Governor’s climate program on hold. Energy Prices and California’s Economic Security, a project sponsored by Next 10, a nonpartisan, nonprofit organization,... 

Students Enjoy the Benefits of Leading Energy-Efficient School

After major renovations to update a 30 year-old school building, students in the Daniel Boone Area School District now attend one of Pennsylvania’s leading energy efficient school buildings, the Daniel Boone High School Annex. The school district integrated environmentally sound design techniques using the Pennsylvania’s Guaranteed Energy... 

Strategy Analytics Sees Emerging Consumer Energy Market Opportunities

In a recent six country study of consumers and their evolving energy strategies, French consumers showed the greatest interest in reducing their carbon footprint and improving the energy efficiency of their homes and cars. Covering the UK, France, Germany, Italy, Spain, and the US, this Strategy Analytics report, “Benchmarking Consumer Energy Profiles... 

Woodbridge Group Closes Slickbar-Lamor Deal

Woodbridge Group, Inc. is pleased to announce the sale of its client Slickbar Products Corporation to Lamor Corporation. Slickbar Corporation manufactures and sells high-performance systems for oil spill containment and recovery, as well as a line of anti-corrosion products. Lamor is a leading supplier of oil spill recovery equipment and services. Based...