Oct. 20.-- When 65 scientists met at Princeton University in 1955 to decide where to permanently store radioactive waste from nuclear power plants, their conclusion was simple: Bury it deep underground, far from earthquakes.
LONDON --A multinational consortium comprising Iberdrola SA (IBE.MC), GDF Suez SA (GSZ.FR) and Scottish and Southern Energy PLC (SSE.LN) Wednesday became the third potential new nuclear power plant operator in the U.K. following its acquisition of land near the Sellafield nuclear complex.
BRUSSELS/ZARAGOZA, Spain (Reuters) - Canada's Magna on Monday inched closer to clinching its Opel buy with approval from Spanish plant workers as the clock ticks down to a November 3 board meeting at which GM is set to decide on the deal.Spain's Opel workers voted to accept Magna's plans for the carmaker, after tense negotiations with labor representatives. Their decision clears away one of the last obstacles standing in the way of a deal from the European point of view.
BEIJING - Bank of New York Mellon Corp (BK.N) sees more acquisition opportunities in Europe than in Asia, the head of the world's largest custodian of financial assets said on Tuesday.Robert Kelly, the bank's chairman and chief executive, said European financial institutions had been harder hit by the global economic crisis than their counterparts in Asia and were refocusing their businesses as a consequence.
FRANKFURT.- Germany's SGL Carbon SE (SGL.XE) and luxury carmaker BMW AG (BMW.XE) said Thursday they plan to forge a joint venture to manufacture carbon fibers and fabrics for the auto industry, with an overall investment of EUR230 million. "We are acquiring pioneering future technologies and raw materials that we need for our megacity vehicle on competitive terms," BMW Chief Executive Norbert Reithofer said in a statement.
SINGAPORE - After China Cosco Asia's most valuable regional carrier confirmed a $100 million loss they have now been joined by Neptune Orient Lines, group owners of APL, whose $35 million profit for the corresponding period last year appears to have slumped to a loss of almost $140 million for the past quarter.
Continental Airlines, which just joined the Star Alliance this week, has already found a new partner to boost service to the Asia/Pacific region.
The Houston-based carrier said yesterday it has signed code-sharing agreements with ANA and Asiana Airlines, according to a report in the Cleveland Plain Dealer. Code-sharing means two airlines can market routes together.
Nokia Oyj and SAP said on Tuesday they would establish a new company providing brand owners technological services to fight multi-billion dollar counterfeit and pirate products business.
While health care reform may be on the front burner for Congress, an overhaul of the U.S. financial system - including a portion earmarked for hedge funds - still waits on deck. The topic is one that evokes emotion from all sides, particularly hedge fund managers themselves.
Port operator DP World is sounding out banks for a loan backing the construction of the London Gateway, a project combining a deep sea container port with a logistics park on the Thames east of London, bankers said.