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U.S. markets recover from steep losses
NEW YORK, Jan. 1 (UPI) -- After starts and stops over the last 30 years, alternative or renewable energy may have finally moved from a U.S. cottage industry to big business.
With oil and gas prices soaring, the allure of alternate energy sources is apparent and some industry analysts say it may not only become a darling of Wall Street, it may offer a bubble for investors, the New York Times reported Sunday.
For example, some of the most in-demand initial public offerings recently have been of solar energy companies such as SunPower, which rose 41 percent on its first day of trading.
"In 2005, we saw a tripling of venture capital money going into the solar industry compared to 2004," said Rhone Resch, president of the Solar Energy Industries Association.
In addition, blue-chip company figures such as General Electric's chief executive Jeff Immelt has been rhapsodizing about renewables.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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