| Cap and Trade vs. Carbon Tax
"That's the greenest building in New York," exclaimed Vincent DeVito, pointing skyward from a busy corner in midtown Manhattan. The new New York Times building, still under construction, loomed over us both. DeVito's employer, law firm Pepper Hamilton LLP, recently moved its New York branch to the 37th floor. The new skyscraper's views are breathtaking ("I can see the Atlantic ocean!"), but what really thrills DeVito is the innovative curtain of ceramic tubing that drapes the building, reflecting sunlight and cooling the interior. "I come from the school that believes we should be doing green technology because it's good for business," he said. .
Citigroup downgrade pushes Wall Street lower
NEW YORK - Stocks opened lower on Monday as a brokerage downgrade of Citigroup, the No. 1 US bank, stirred fresh concerns about mounting credit losses.
The Dow Jones industrial average was down 62.35 points, or 0.47 percent, at 13,114.44. The Standard & Poor's 500 Index was down 7.10 points, or 0.49 percent, at 1,451.64. The Nasdaq Composite Index was down 15.96 points, or 0.61 percent, at 2,621.28. .
(AFX UK Focus) 2007-11-16 09:30 GMT: TFN NEWS BRIEFING: Oil and utilities highlights to 09:15 GMT
2007-11-16 09:11:34 Indonesia's Pertamina says Pondok Tengah oil production below target JAKARTA (Thomson Financial) - Indonesian state-owned oil and gas company PT Pertamina said Friday oil production from its Pondok Tengah oil and gas block in the West Java town of Bekasi currently stands at only 4,000 barrels per day (bpd), far below its early expectation of 12,000 bpd. 2007-11-16 09:04:26 BROKERWATCH Terna target upped to 17.8 eur at UBS on listing of unit ATHENS (Thomson Financial) - UBS has raised its target price on Terna to 17.8 eur from 16.5 eur keeping its buy rating on the recent listing of the Greek construction and energy group's Terna Energy energy unit. 2007-11-16 08:34:55 Seadrill gets extension on Total rig contract worth 45 mln usd OSLO (Thomson Financial) - Norwegian oil services group Seadrill Ltd said it has won a one year extension to an existing rig contract with Total, worth an additional 45 mln usd.
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