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BP's bonds tumble, move to distressed debt funds

June 16, 2010 7:31 pm | by Reuters | Comments

NEW YORK (Reuters) - U.S. bonds of oil giant BP are moving into the hands of distressed debt investors and hedge funds as pension and mutual funds dump the securities, market participants said on Wednesday.

Undersea robot aims for 3-D image of BP oil plume

June 16, 2010 7:31 pm | by Reuters | Comments

WASHINGTON (Reuters) - Scientists geared up on Wednesday for a 12-day trip in the Gulf of Mexico with an undersea robot they hope will capture 3-D images of oil plumes from the BP spill.

Despite spill, most Americans back offshore drilling

June 16, 2010 7:31 pm | by Reuters | Comments

WASHINGTON (Reuters) - Most Americans still support offshore drilling and believe it is critical to making the U.S. competitive, despite the growing oil spill along the Gulf coast, a new poll showed on Wednesday.

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BP cuts dividend and capex to pay for oil spill

June 16, 2010 7:30 pm | by Reuters | Comments

LONDON (Reuters) - Oil giant BP said it would not pay three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.

Obama to meet senators on energy bill next week

June 16, 2010 7:30 pm | by Reuters | Comments

WASHINGTON (Reuters) - U.S. President Barack Obama will meet key Republican and Democratic senators on June 23 to discuss a way forward for energy legislation currently stalled in the Senate, a White House aide said on Wednesday.

BP agrees to $20 billion spill fund, cuts dividend

June 16, 2010 7:30 pm | by Reuters | Comments

WASHINGTON (Reuters) - Under intense pressure from U.S. President Barack Obama, BP Plc said on Wednesday it will set up a $20 billion fund for damage claims from its huge Gulf of Mexico oil spill, sell assets and suspend dividend payments to shareholders.

Towards nanowire solar cells with a 65-percent efficiency

June 16, 2010 7:26 pm | by Science Daily | Comments

Researchers want to develop solar cells with an efficiency of over 65 percent by means of nanotechnology. In Southern Europe and North Africa these new solar cells can generate a substantial portion of the European demand for electricity.

110-foot Concrete Bridge Withstands 8.0 Earthquake Simulation

June 16, 2010 1:25 pm | by EurekAlert | Comments

( University of Nevada, Reno ) After a succession of eight separate earthquake simulations, a 110-foot long, 200-ton concrete bridge model at the University of Nevada, Reno withstood a powerful jolting, three times the acceleration of the disastrous 1994 magnitude 6.9 Northridge,...

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Honeywell To Provide Tiger Airways With Full Avionics Suite, Including IntuVue 3-D Weather Radar

June 16, 2010 12:28 pm | by Honeywell International | Comments

Tiger Is Asia’s First Low-Cost Carrier to Install IntuVue on A320 Aircraft PHOENIX, June 16, 2010 -- Honeywell (NYSE: HON) announced today that it will provide its full suite of safety avionics, including its advanced IntuVue™ 3-D weather radar, for Tiger Airways new A320 aircraft in a...

Dean Of The UM College Of Engineering To Receive 2010 IEEE Richard M. Emberson Award

June 16, 2010 12:24 pm | by EurekAlert | Comments

( University of Miami ) James M. Tien, distinguished professor, dean of the College of Engineering at the University of Miami and world-renowned researcher and educator, is being honored with the 2010 IEEE Richard M. Emberson Award. IEEE is the world's largest professional...

Nokia Issues Q2 Profit Warning

June 16, 2010 11:31 am | by Manufacturing.net | Comments

World's largest mobile phone maker warned that its earnings this year will be hit by tough competition from rivals in the smart phone market.

General Mills Probes Fake Press Release

June 16, 2010 11:31 am | by Manufacturing.net | Comments

Company says it is looking into how a fake press release was sent out that falsely said President Barack Obama had ordered an investigation into its supply chain.

Unemployment Bill Fails In Senate

June 16, 2010 11:31 am | by Manufacturing.net | Comments

Catchall measure combining jobless aid for?long-term unemployed, aid to?state governments and?renewal of?popular tax breaks failed to muster even a majority in a test vote.

UAW Elects Bob King

June 16, 2010 11:31 am | by Manufacturing.net | Comments

United Auto Workers union, struggling with declining membership and diminished wages, elected lawyer and longtime union negotiator Bob King?as its new president.

Manufacturing Continues To Drive Economic Recovery

June 16, 2010 11:31 am | by Manufacturing.net | Comments

Federal Reserve says industrial production rose 1.2...

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