Friday, July 13, 2012

Exclusive: Encana tipped off Chesapeake to land plans in Michigan – Emails
Reuters
The emails show the competitors traded information about whether Encana was halting new land leasing in Michigan in 2010, and the information prompted Chesapeake to dramatically change its leasing strategy in subsequent weeks and helped send Michigan land prices tumbling from record highs.
GE Energy Teams Up with PayPal to Make Electric Vehicle Charging Payments ...
MarketWatch (press release)
GE Energy's (NYSE:GE) Industrial Solutions business today announced details of the strategic agreement it entered with PayPal to launch the ecomagination(TM)-approved WattStation(TM) and WattStation(TM) Connect, a complete electric vehicle (EV) ...
Electric vehicle batteries' cost may drop 70% by 2025: Study
Straits Times
(REUTERS) - The cost of lithium-ion batteries used in electrified vehicles could tumble by more than 70 per cent by 2025 as rising oil prices and stringent fuel economy standards push automakers to build more of these cars, according to a McKinsey & Co ...
Department of Energy study looks at question: Can gas drilling fluids migrate ...
NewsOK.com
PITTSBURGH — A new study being done by the Department of Energy may provide some of the first solid answers to a controversial question: Can gas drilling fluids migrate and pose a threat to drinking water?
City Bankruptcy Could Raise Hurdles for Mortgage Seizure Plan
American Banker
San Bernardino County is forging ahead with deliberations on a proposal to seize delinquent mortgages, despite its largest city's decision Tuesday night to seek bankruptcy.
Mitt Romney Bain Mess Shows Stonewalling Consequences
Huffington Post
WASHINGTON -- It takes perverse talent to turn a two-day mini-story into a major three-week distraction. But that is precisely what Mitt Romney's campaign has done with a June 21 story in the Washington Post. As a result, they're losing valuable media time playing defense when they should be using every waking second and news cycle to remind voters about how crappy the economy is, and why President Barack Obama should be blamed for it.
Wells Fargo Will Settle Mortgage Bias Charges
NY Times
WASHINGTON — Wells Fargo, the nation’s largest home mortgage lender, has agreed to pay at least $175 million to settle accusations that its independent brokers discriminated against black and Hispanic borrowers during the housing boom, the Justice Department announced on Thursday. If approved by a federal judge, it would be the second-largest residential fair-lending settlement in the department’s history.
Geithner Wrote Libor Memo in 2008
Wall Street Journal
WASHINGTON—Timothy Geithner in 2008 sent a private memo to Bank of England Governor Mervyn King calling for six changes that he said would improve the credibility and integrity of the London interbank offered rate, a key interest rate that is now at the center of a international banking scandal, according to documents reviewed by the Wall Street Journal.
How Delaware Thrives as a Corporate Tax Haven
NY Times
NOTHING about 1209 North Orange Street hints at the secrets inside. It’s a humdrum office building, a low-slung affair with a faded awning and a view of a parking garage. Hardly worth a second glance. If a first one. Its occupants, on paper, include giants like American Airlines, Apple, Bank of America, Berkshire Hathaway, Cargill, Coca-Cola, Ford, General Electric, Google, JPMorgan Chase, and Wal-Mart. These companies do business across the nation and around the world. Here at 1209 North Orange, they simply have a dropbox.

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