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U.S. markets recover from steep losses
HONG KONG, Dec. 18 (UPI) -- The United States has given its OK for China to buy four Westinghouse nuclear reactors, it was reported Monday.
While no sale price was given, The New York Times said outside analysts place value as high as $8 billion.
U.S. Energy Secretary Samuel Bodman and Ma Kai, China's National Development and Reform Commission minister, signed a memo of understanding for the reactors in Beijing on Saturday.
Under the plan, state-owned China National Nuclear Corporation would buy the reactors from Westinghouse Electric, now owned by Tokyo's Toshiba.
There was some concern voiced over the deal. Michael R. Wessel, a commissioner of the U.S.-China Economic and Security Review Commission, said such deals limit long-term benefits to the United States while clearly helping China.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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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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