Pressures on Fuel Ethanol Production Capacity
Capacity to produce fuel ethanol from corn nearly tripled between January 2006 and January 2009. However, over the past 18 months, a combination of surplus production capacity, the decline of gasoline prices from their mid-2008 peak level, and high corn prices that boosted producers' input costs have resulted in a sharp decline in ethanol margins. The combination of economic pressures on capacity led some producers to idle plants, and in some cases, file for bankruptcy.
Moody's raises Wells Fargo & Co's bank rating
Moody's Investors Service on Wednesday upgraded its bank financial strength rating on Wells Fargo & Co by one notch, citing an improved capital position after the bank's earnings beat expectations.
Power prices weak due to coal, gas, not oil: E.ON
Power prices in northwestern Europe have remained weak, despite a recent oil market rally, due to low prices for fuels such as coal and gas, the chief executive of E.ON Energy Trading said on Wednesday.
BJ's Wholesale profit off 37 percent, hurt by charge
BJ's Wholesale Club Inc reported a 37 percent drop in quarterly profit on Wednesday, hurt by a charge for a proposed legal settlement regarding worker pay.
U.S. housing starts fall sharply, inflation edges up
Construction of new homes in the United States hit a six month low in October, providing more evidence of the economy's sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices.
Stocks falter on home construction data, tech
Stocks fell on Wednesday on worrisome outlooks from major software makers and as a surprise drop in new home construction last month prompted concern about the strength of an economic recovery.
U.S. government wants fast-track GM IPO: Bloom
The Obama administration wants a fast-track initial public offering of General Motors Co GM.UL shares to reduce its majority stake in the automaker, a senior official said.
Exclusive: U.S. government wants fast-track GM IPO: Bloom
The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in the automaker, a senior official said.
Wall St falters on home construction data, tech
Stocks fell on Wednesday on worrisome outlooks from major software makers and as a surprise drop in new home construction last month prompted concern about the strength of an economic recovery.
Dell looks to 2010 for pickup in PCs
Dell Inc will on Thursday report quarterly results for the first time as the No. 3 maker of personal computers -- unfamiliar territory for a company that not so long ago was the world's largest PC maker.
AMD to redeem up to $1 bln of notes, shares rise
Advanced Micro Devices Inc said it will redeem up to $1 billion of convertible notes due 2012, and its shares rose 9 percent.
JPMorgan set to seal Cazenove deal Thurs -sources
U.S. bank JPMorgan Chase & Co is likely to seal its purchase of the half of Cazenove it does not own for just under 1 billion pounds ($1.7 billion) on Thursday, people familiar with the matter said.
Perry Ellis Q3 profit tops mkt, raises FY profit view
Perry Ellis International Inc said it is all set for a solid holiday season after posting a stronger-than-expected quarterly profit, helped by tighter cost controls.
Solarfun Q3 profit beats, sees higher Q4 shipments
Chinese photovoltaic cell maker Solarfun Power Holdings Co Ltd reported a third-quarter profit that beat analysts estimates, helped by higher shipment volumes, sending its shares up 8 percent.
TNK-BP looking at acquisitions in oil refining
Russian oil company TNK-BP is looking at acquisitions or joint ventures as a means of growing in the oil refining sector, a senior company executive said on Wednesday.
Cadbury will give attention to any serious offer
Cadbury Plc on Wednesday said it will give proper attention to any offer that gives a full value for the company, but until that happens it has nothing to comment upon further.
Worry over U.S. economy increases again after long decline: poll
The economy is a growing concern for U.S. adults once again after declining in importance for much of the year, according to a new poll.
Last Chance – Rishakesh, India
There are 3 types of travelers in the world. One that travels while on a business tour, the other with first-aid box and a map, while the third traveler is the one who packs the bag with a tooth brush and paste. said a friend.
FACTBOX-Top-10 global IPOs of 2009
Maxis Bhd, Malaysia's top mobile provider, looks set to rise on its debut on Thursday in Southeast Asia's biggest IPO.
VC-backed Fortinet shares soar in Nasdaq debut
Shares of network security provider Fortinet Inc soared in their debut on the Nasdaq on Wednesday, in what is on track to be among the strongest debuts of any initial public offering in 2009, after pricing above the expected range.
Sacred Connections: Chaco Cultural National Historical Park, New Mexico
There has been much talk over recent years on paving the dirt road that leads up to Chaco Cultural National Historic Park. I, for one, am glad that the talk has just remained talk because its relative
Canada's Cossette rises after Cosmos raises bid
Cossette shares rose on Wednesday after private equity firm Cosmos Capital raised its takeover bid for Canada's largest homegrown advertiser for the third time.
The Shrouded Cliffs of Sunshine – Banff, Canada
In the middle of February I attended a particle physics conference in Banff, Alberta, to present the results of the work I had done towards my Masters degree. However, no one is really kidding
India IPO funding seen hit by unsecured lending curb
A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned by the central bank's move to curb unregulated lending, potentially crimping funding for a long pipeline of planned IPOs.
7 Great German Christmas Markets That Aren’t In Germany
It's that time of year: a cold chill in the area, short days with longer nights, and steaming mugs of hot chocolate making a more frequent appearance. Here's some inspiration to brighten up those dark
AmEx to buy Revolution Money payments company
American Express Co will acquire AOL co-founder Steve Case's Revolution Money Internet-based payment platform for $300 million, the credit card company and network said on Wednesday.
Fed's Bullard: Shrinking reserves key to exit
A senior U.S. Federal Reserve official said on Wednesday the central bank may start tightening financial conditions by adjusting its extensive purchase programs, rather than by raising interest rates.
Ferrero, Hershey mull Cadbury bid, Kraft seen ahead
Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc , but hostile bidder Kraft Foods Inc is still seen as the front-runner with its $16.8 billion offer.
Terra Firma expects Citigroup to share EMI pain
Private equity firm Terra Firma expects Citigroup to share in the pain of restructuring music business EMI, said Guy Hands, the buyout firm's founder and chairman.
Orbis opposes Canon's $1.1 billion bid for Oce
Orbis Portfolio Management said on Wednesday it would not tender its 10-percent shareholding in copier and printer maker Oce to Canon Inc, saying its 730 million-euro ($1.1 billion) bid significantly underpriced the Dutch company.
