May 30, 2008 - 2:02 p.m. NEWARK, N.J. (AP) - Public Service Electric and Gas Co. said Friday it wants a 20 percent residential rate hike because of "signifying increases in the wholesale cost of natural aeriform fluid." The state's largest electric and gas utility said wholesale elastic fluid supply prices have risen from $7 per million British thermal units, or Btu, in January to a range of $11 to $13 — ahead of the hibernate ...
Canada enters carbon exchange market with Montreal Climate Exchange launch
May 31 2008
Ross Marowits, The Canadian Press May 30, 2008 - 12:56 a.m. MONTREAL - Launching the Montreal Climate Exchange will give Canada a leap on firm environmental deed promised by the three remaining U.S. presidential candidates, Quebec Premier Jean Charest said Friday. The next American president is going to induce in a cap-and-trade system that will put legislated limits without ceasing carbon sub-oxide emission, Charest said at the formal opening of the exchange. "It is in our interest in Canada ...
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Joy Global’s big quarterly results attract investors to the mining equipment maker’s shares
May 31 2008
May 30, 2008 - 12:38 a.m. NEW YORK (AP) - Investors on Friday rewarded Joy Global Inc., which makes subtle equipment, for a financial second-quarter profit that easily topped Wall Street expectations. Net profits for the three months ended May 2 fell to $72.1 million, or 66 cents per share, from $77.6 million, or 70 cents by share, in the year-earlier period. But excluding one-time charges of 13 cents per distribute for a contract termination and ...
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S&P MidCap 400 index rises in midday trading after mixed bag of April economic data
May 31 2008
May 30, 2008 - 12:56 a.m. NEW YORK (AP) - The Standard & Poor's MidCap 400 alphabetical table of references rose in midday trading Friday as the broader markets reacted to a mixed bag of economic data. The S&P MidCap 400 is an index used to track mid-sized companies which have a market capitalization of $1.5 billion to $5.5 billion. According to S&P, midcap stocks make up roughly 7 percent of the U.S. equities market. Early ...
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German parliament clears way for partial privatization of Deutsche Bahn AG
May 31 2008
May 30, 2008 - 12:54 a.m. BERLIN (AP) - German lawmakers approved a partial privatization of German national railway Deutsche Bahn AG on Friday, clearing the last hurdle for an initial public offering later this year. A majority of lawmakers voted in favor of selling 24.9 percent of Deutsche Bahn's passenger and freight divisions as part of a deal hammered lacking outer months of difficult discussions between Chancellor Angela Merkel's Christian Democrats and their coalition partners ...
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