U.S. Battery Makers Work to Power Up

New Industry Alliance Aimed at Promoting Production for Next-Generation Cars U.S. battery manufacturers are taking steps to raise the industry's profile, a move that backers hope will speed commercialization of high-tech, American-made car batteries. A coalition of 14 companies yesterday announced the creation of a new business alliance aimed at promoting domestic production of lithium ion batteries. Automakers hope to use the batteries in next-generation hybrids as well as plug-in electric cars.. » read more

How BIG Is Wal-Mart?

12-7-8 1 . At Wal-Mart, Americans spend $36,000,000 every hour of every day. 2 . This works out to $20,928 profit every minute. 3.. » read more

Goldman Sachs Takes Big Gamble on Growth of Carbon Offset Market

Posted Dec. 10, 2008 (November 12th, 2008) The carbon offset market took a big jump today with the alliance between E+Co and Goldman Sachs (GS). Goldman has agreed to purchase the majority of E+Co’s carbon offset portfolio and help promote E+Co’s goal of providing investment capital and support services to small, clean energy business ventures in developing countries. E+Co is a 15-year-old nonprofit investment company started as a result of a Rockefeller Foundation study on opportunities for developing clean energy businesses in developing nations. It provides business support services and capital to clean energy businesses in Africa, Asia, Europe and Latin America and the United States.. » read more

GE Provides Updated Strategic Framework for GE Capital and Total Company 4Q ’08 Outlook

Dec. 2, 2008 Highlights and Outlook (Continuing Operations) Diversifying funding, shrinking portfolio, reducing leverage, and focusing on highest-return businesses at GE Capital Establishing GE Capital framework to earn approximately $5 billion in 2009; Positioned to return to double-digit earnings growth in 2010 Total Company’s 4Q 2008 earnings per share (EPS) are trending toward low end of range; $.50-.52, excluding potential charges Evaluating restructuring and other charges to accelerate cost out and reviewing losses in current credit environment…expecting $1.0-1.. » read more

GE Lowers Its Sights On Fourth-Quarter Profits

Conglomerate also sees charge of up to $1.4 billion for restructuring Dec. 2, 2008 WASHINGTON - General Electric Co. said Tuesday it expects fourth-quarter earnings to be near the low end of its guidance and will take a charge of up to $1.4 billion as it starts to shrink its struggling GE Capital finance arm next year because of the ongoing credit crisis.. » read more

Ford's Most Advanced Assembly Plant Operates in Rural Brazil

Oct. 22, 2008 Ford's Most Advanced Factory in Brazil TO VIEW THIS VIDEO CLICK ON: http://info.detnews.com/video/index.cfm?id=1189  . » read more

Dubai's Palm Jumeirah Sees Prices Fall as Crunch Moves In

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Venezuela Offers Russians Big Gold Projects

Nov. 6, 2008 CARACAS, Nov 6 (Reuters) - Venezuela plans to build mines at its largest gold deposits with Russian help, the mining minister said on Thursday, apparently killing a years-long bid by two Canadian companies to develop the projects. The decision reflects leftist President Hugo Chavez efforts to boost ties with Russia, increase state control over a key sector and speed up stalled mining development as tumbling crude prices threaten to crimp the OPEC nation's finances. An accord will be signed on Friday with Russian-owned Rusoro to operate the Las Cristinas and Brisas projects with Venezuela, mining minister Rodolfo Sanz told a Russian government delegation during a presentation observed by Reuters. Rusoro's share price soared after the news.. » read more

Half World's Population 'Will Have Mobile Phone By End Of Year'

United Nations communications chief says booming market in developing countries will see global usage pass 50% The world's love affair with the mobile phone shows no sign of abating, with the head of the UN's agency for information and communication technologies predicting that there will be 4 billion mobile phone users - or more than half of the planet's estimated 6.7 billion inhabitants - by the end of this year. Japanese commuters while away the journey by watching TV on their mobiles. Photograph: David Sacks/Getty Hamadoun Touré, secretary general of the International Telecom Union, said growth has been driven by consumer take-up in developing markets such as China, India and Latin America. Speaking at the UN's session on the Millennium Development Goals in New York, he added: "The fact that 4 billion subscribers have been registered worldwide indicates that it is technically feasible to connect the world to the benefits of information communications technology.. » read more

Tallest Skyscraper in the World Almost Completed, Defies Belief

Posted 8/20/08 (SCROLL DOWN) * * * * * * * * * The Burj Dubai tower, the tallest skyscraper in the world, is about to be completed. To celebrate it, David Hobcote has taken a series of amazing high resolution pictures from the air which give an exact impression of the breathtaking, massive scale of this building. Inside, it looks like a set from Blade Runner or the interior of the Death Star. Updated: David Hobcote told us how he did these great photos and gave us some amazing general shots that look like a next-gen SimCity. (CLICK ON THE FOLLOWING TO ENLARGE) galleryPost('amazingburj', 8, '');   I took these photos from a bell helicopter last week on a trip to see this amazing building in Dubai with my son.. » read more

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