Saturday, June 11, 2016

Solar plane makes it across the US. Next stop: Europe and other top stories.

  • Solar plane makes it across the US. Next stop: Europe

    In the early hours of Saturday morning, an aircraft with a suspiciously wide wingspan looped quietly around the Statue of Liberty before coming in for landing at John F. Kennedy airport.The landing marked the completion of the US leg of what could be the world’s first circumnavigation by a solar-powered aircraft.The plane, which uses no fuel, was manned by Swiss pilots Andre Borschberg and Bertrand Piccard, who began their journey eastward around the globe from Abu Dhabi in March 2015.Their mis..
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  • Oil falls most in 10 weeks as US rig count gains, dollar rises

    Oil falls most in 10 weeks as US rig count gains, dollar rises
    Oil falls most in 10 weeks as U.S. rig count gains, dollar rises By Mark Shenk on 6/11/2016 NEW YORK (Bloomberg) -- Crude fell the most in 10 weeks as the number of rigs drilling for oil in the U.S. climbed and the U.S. dollar strengthened against its peers. Futures tumbled 3% in New York. Rigs targeting crude in the U.S. rose by 3 to 328 this week, capping the first two-week gain since August, Baker Hughes Inc. said Friday. The d..
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  • Dell Parent Posts Loss from EMC Deal

    Dell Parent Posts Loss from EMC Deal
    Dell Parent Posts Loss from EMC Deal Denali Holding's first-quarter profits were hit by costs related to Dell's pending acquisition of EMC Corp. and a 2% decline in revenue. June 10, 2016 | CFO.com | US Dell’s parent company on Friday reported that profits were hit by costs related to Dell’s pending acquisition of EMC Corp. and weaker-than-expected sales. For the first quarter, Denali Holding posted an operating loss of $161 million, an improvement from last year’s loss of $335 ..
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  • We're Rich! We're Rich! Are Inflated Asset Prices Like Real Wealth?

    We're Rich! We're Rich! Are Inflated Asset Prices Like Real Wealth?
    The Federal Reserve recently released the latest "Financial Accounts of the United States" and I am pleased to inform readers that the U.S. economy is by far the best it has ever been and total household wealth is clearly vastly superior to prior periods. In a nutshell, we've done it. We beat back the last recession and generated enormous amounts of new wealth by having asset prices for existing wealth move higher. Who says you need growth in GDP or that real wealth has to be measured in having ..
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  • Solar plant at GVSU ready to power homes

    Solar plant at GVSU ready to power homes
    Solar plant at GVSU ready to power homes Consumers Energy's Solar Gardens plant largest in the state 24 Hour News 8 web staff Published: June 10, 2016, 6:03 pm Updated: June 10, 2016, 6:11 pm Some of the 11,000 panels in the Solar Gardens plant south of Grand Valley State University's Allendale campus. (June 10, 2016) Related Coverage ALLENDALE, Mich. (WOOD) — Consumers Energy’s first solar power plant is ready to power hundreds of West Michigan homes. A ribbon cut..
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  • Americas|Citgo Aruba to Invest $450M to $650M to Reopen Idle Refinery

    Americas|Citgo Aruba to Invest $450M to $650M to Reopen Idle Refinery
    SAN JUAN, Puerto Rico รข€” Citgo Aruba announced Saturday it will invest $450 million to $650 million to reactivate an oil refinery in Aruba that has been idle since 2012.The company said Saturday in a statement that the facility in San Nicolas will be retrofitted over the next 18 to 24 months. The refinery is expected to process up to 209,000 barrels per day of Venezuelan extra-heavy crude into intermediate crude. It will then send the oil to its U.S. refining network for further processing.Ci..
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Ottawa sinkhole likely to take weeks to fix, mayor says .Monster Black Hole Caught Feeding On Clumpy, Cloudy 'Rain' .
Near-Perfect Free Fall in Space Sets Stage for Gravitational Wave Hunt .Why It's Time to Take Google's PC Operating System Seriously .

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