pacific gas and electric posts

Feed

Three buyers vying for solar thermal company Ausra

Sunny skies are here for Ausra, the solar thermal company backed by Kleiner Perkins and Khosla Ventures. The company is looking for a buyer, and it's already talking to three, according to a report by Reuters. Everything is up for grabs, from a majority stake in the company to 100% of it, and the back-and-forth going on is at a "very aggressive level."

The businesses looking to pick up Ausra are said to be global power generation conglomerates but haven't been named yet. So, the clean energy company would be a way for one of them to diversify.

Continue reading Three buyers vying for solar thermal company Ausra

Chamber of Commerce sues activists over climate change stunt

The U.S. Chamber of Commerce is fighting back. The organization has filed a civil lawsuit against the Yes Men, an activist group that announced that the chamber had changed its position on climate change.

The Yes Men told the National Press Club on October 19, 2009 that the Chamber of Commerce would give up lobbying against the Senate's 800-page climate change bill. Reuters, CNBC and Fox Business Network all reported on the story, with the anchors correcting themselves midstream, when they learned that it was false.

Continue reading Chamber of Commerce sues activists over climate change stunt

Migration from Chamber of Commerce over climate change

Apple just bailed on the U.S. Chamber of Commerce, citing the business organization's view on climate change. The Chamber of Commerce doesn't accept the notion that people are the force behind global warming and has called for public hearings to question the evidence that many accept. But, this has led several companies to leave the group, with Apple (NASDAQ: AAPL) only the latest.

The technology company stated through Catherine Novelli, a vice president of government affairs, that it would "prefer that the chamber take a more progressive stance on this critical issue and play a constructive role in addressing the climate crisis." Apple resigned its membership "effective immediately."

Continue reading Migration from Chamber of Commerce over climate change

What will Buffet buy?

If you are a true stock fanatic (like me), your question about every investment is a take-off on the sin-avoidance question asked by Christians everywhere: WWBB? What would Buffett buy?

If investing is a religion, Warren Buffett is prophet, high priest, saint and lesser diety, all rolled into one. The way he goes, so goes the world's best and brightest (and for good reason. He's smart). The big news on everyone's lips, today, is that Buffett is once again in the market for some juicy acquisition; perhaps in the energy sector. Here are some leading suggestions:
  • PG&E, San Francisco's utility. Worth $13 billion, this company is seen as a solid local utility that successfully weathered the energy crisis of the last several years. The stock is up $1.29 today to $40.75 on the rumors.
  • Mercury General Corp., Los Angeles-based automotive insurer. Worth $3 billion, the company has a 16% ROE and a low debt balance. Warren Buffett loves his insurance companies, and the company's stock is up $2.35 to $57.90 in intraday trading on the speculation.
  • Les Schwab Tires, a Prineville, Oregon-based tire store chain. Founder Les Schwab has retreated following the recent death of his daughter, and the company fits into Buffett's love for innovative and well-run companies.

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 11:34 PM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338262462745 ms.