Stocks rose on Friday, led by gains in energy shares after Japan’s biggest earthquake on record hurt the country’s oil refining capacity, but trade was choppy as investors tried to weigh the quake’s economic impact. The 8.9 magnitude quake that struck the northeast coast of Japan, the world’s third largest economy, triggered a tsunami and killed at least 1,000 people, while power plants, oil refiners and ports were shut down. U.S.... Read more..
Solix Biofuels, a Fort Collins, Colo.-based alternative energy technology firm focused on algae-based intermediates for fuel and chemical production, today announced it has raised $10.5 million in its first round of outside funding, and has reached an agreement with investors for an additional commitment of $5 million, to be used to build an algae biofuel facility near Durango, Colo. The first-of-its-kind project will showcase Solix’s ability... Read more..