IBT Staff Reporter

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Midday Minute - August 11- Energy

General Motors Chief Executive Officer Fritz Henderon announced today that the Chevrolet Volt extended range electric car has been given an official EPA rating of more than 230 Miles Per Gallon . Clean Energy Fuels Corp. a provider of natural gas, reported a larger than expected loss of $6.4 million or 13 cents a share.

Experimental drug effective in killing roundworms

An experimental drug developed by scientists in China appears to be effective in killing roundworms, a parasite that lurks in the intestines and which affects nearly two billion people in tropical countries.

Drug-resistant bacteria may come home from hospital

Patients with potentially deadly drug-resistant bacteria that they pick up in the hospital often carry the infection to home health care settings after hospital discharge, and transmission occurs in about one fifth of household contacts, according to a report published today.

Simon Cowell on

During the second-quarter earnings call of CKX, parent company of

Wall Street down, hurt by financial stocks, data

Stocks fell on Tuesday after data showed an unexpectedly large drop in inventories at wholesalers in June, while an analyst's warning that fundamentals for the banking industry have not improved sent financial sector shares lower.

Frustrated Russian throws cup at Mona Lisa

A Russian woman frustrated at failing to obtain French nationality hurled a ceramic cup at the Mona Lisa but did not damage Leonardo da Vinci's famed portrait, a spokesman for the Louvre Museum said on Tuesday.

Wall St down, hurt by financial stocks, data

Stocks fell on Tuesday after data showed an unexpectedly large drop in inventories at wholesalers in June, while an analyst's warning that fundamentals for the banking industry have not improved sent financial sector shares lower.

B&O losses deeper than forecast, sees break-even

Struggling Danish upmarket television and stereo maker Bang & Olufsen (B&O) posted deeper-than-expected losses for the final quarter, but said it was aiming for a break-even result in financial year 2009-10.

U.S. banks play catch-up on hiring effort

U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.

Packing Chutes – The Importance of Daily Leadership

The author is unknown, but I read a story recently about Charles Plumb. Plumb was a US Navy Academy graduate and jet fighter pilot in Vietnam. After 75 combat missions, his plane was destroyed by a surface-to-air-missile.

Pequot trades raised many warnings from watchdogs

Exchange watchdogs made dozens of referrals to U.S. securities regulators about the once prominent hedge fund Pequot Capital Management, the chairman of the Securities and Exchange Commission said in a letter revealed on Monday.

Van Lanschot CEO eyes European acquisitions

Dutch private bank Van Lanschot would be a buyer of private banking assets if the European Commission forces banks that took state aid to sell them, Chief Executive Floris Deckers said on Tuesday.

China's CIC eyes $1 billion funding in Australian miner

Fortescue Metals Group Ltd and China Investment Corp (CIC), China's $200 billion sovereign wealth fund, are in advanced talks on a $1 billion-plus convertible bond investment to help the Australian iron ore miner fund its expansion, two sources said on Tuesday.

Volt range of 230 mpg is official: GM CEO

General Motors' Chevrolet Volt electric car has been given an official EPA rating of more than 230 miles per gallon of gasoline in city and a combined city-highway driving, the automakers Chief Executive Officer Fritz Henderson said on Tuesday.

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