Monthly Archives: April 2011

Electric Car Boom Could Deliver a Surge in Grid Power

By doris | Published: April 30, 2011

Full Story at money.cnn.com (gigaom.com) — Here’s the bad news about electric vehicles: They’re going to be hell on the grid. The Utilities Telecom Council trade group reports that electric vehicles will require a 16-fold increase in power usage in the next decade, putting pressure on utilities to find out how to handle car charging [...]

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Party may be over for Big Oil stocks

By doris | Published: April 29, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Oil stocks have been gushing all year thanks to surging crude prices. But is the party almost over? Energy giants ConocoPhillips (COP, Fortune 500), Exxon Mobil (XOM, Fortune 500), Royal Dutch Shell (RDSA) and Chevron (CVX, Fortune 500) all reported enormous jumps in profits in the past [...]

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Oil price spike: Speculators aren’t to blame

By doris | Published: April 28, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — High oil prices are here to stay and they’re caused by surging demand and limited new supply, not Wall Street speculators. That’s the message from Fatih Birol, chief economist at the International Energy Agency.

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How Washington F@#$%! the budget

By doris | Published: April 27, 2011

Full Story at Money.cnn.com After a brief few years of budget surpluses at the end of the Clinton administration, lawmakers opened the new century by blowing a hole in the budget with major tax cuts. The Bush tax cuts carried an initial 10-year cost estimate of $1.35 trillion, according to the Congressional Budget Office. They [...]

Posted in America, Budget, Money, President, Tax | Leave a comment

Stocks climb to 3-year highs on earnings boost

By doris | Published: April 26, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence. The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, [...]

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Stocks end mixed amid investor caution

By doris | Published: April 25, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks ended mixed Monday, with technology shares rising modestly, amid a pause in the flow of corporate results and ahead of a statement from the Federal Reserve later this week. In the commodities market, gold and silver prices held gains but closed off session highs. Oil [...]

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Wal-Mart tests online grocery delivery in California

By doris | Published: April 24, 2011

Full Story at news.Yahoo.com CHICAGO (Reuters) – Wal-Mart Stores Inc has begun testing an online grocery delivery service in San Jose, California, a company spokesman said on Saturday. The world’s biggest retailer had been rumored to be considering dipping its toe into online grocery delivery for the past few years. The “Walmart To Go” test [...]

Posted in America, Business, Food., Jobs, Retail, Technology | Leave a comment

Builders of new homes see no signs of recovery

By doris | Published: April 23, 2011

Full Story at msnbc.com RICHMOND, Ill. — In this distant Chicago suburb, a builder has finally found a way to persuade people to buy a new house: he throws in a car.                                                                      Kim Meier’s spring promotion, which includes a $17,000 credit at a nearby General Motors dealer, has produced seven sales since the beginning [...]

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Orlando gas station charges $5.69 a gallon

By doris | Published: April 22, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Gas prices are on the rise nationwide, but one filling station in Florida has earned the dubious distinction of having the highest prices in the country. Suncoast Energys, located near the Orlando International Airport, was charging $5.69 a gallon for regular gasoline on Friday. That’s the highest of [...]

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Dow ends week at nearly 3-year high

By doris | Published: April 21, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks advanced for a third straight session Thursday, with the Dow closing at almost a 3-year high following a slew of strong earnings. But disappointing readings on regional manufacturing and the labor market kept a lid on the gains, reminding investors that the economy is still [...]

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Oil rallies $3 a barrel

By doris | Published: April 20, 2011

Full Story at money.cnn.comThis is getting so bad that no one is going to be driving. We all will be walking. Just because people have got so greedy.  The rich get richer and the middle class get poor and the poor get homeless. What is this country coming to. The government does not help only [...]

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‘Happy Days’ actors claim fraud, money owed for merchandising

By doris | Published: April 19, 2011

Full Story at money.cnn.com Happy Days,” one of the most popular shows in television history, faces an unhappy legacy nearly four decades after it first went on the air.Four cast members, and the estate of Tom Bosley, who died last October, claim CBS (CBS, Fortune 500), which owns the show, has not paid them for [...]

Posted in Business, merchandising, Revenues, Television | Leave a comment

Newest Volkswagen Beetle unveiled

By doris | Published: April 18, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The 2012 New Beetle, the car that Oprah Winfrey gave away to her audience back in November, is finally ready to show itself in public. The car was unveiled Monday at events held simultaneously in New York City and Shanghai.

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Get some ‘vroom!’ without breaking the bank

By doris | Published: April 17, 2011

Full Story at msnbc.com Think you’ve got to spend big if you want a fast car? Think again. Plenty of affordable cars will do zero to 60 mph in under six seconds; some are one-third the price of racers from Porsche or BMW. The Ford Mustang GT, the Ford Mustang coupe and the rally-style Subaru [...]

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