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GA Power And Westinghouse Extend Temp Nuclear Plant Construction Agreement Through May 12

Sat, 29 Apr 2017 06:42:00 -0400

Georgia Power has announced a new date for a decision on whether or not to complete Plant Vogtle units 3 and 4. That project, initially budgeted for $14 billion, was placed on extremely shaky ground on March 29 when Toshiba decided to push Westinghouse into a Chapter 11 reorganization.


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Land And Air Travel Aren't Enough For Elon Musk. He's Going Underground

Fri, 28 Apr 2017 19:11:00 -0400

The restless Tesla/SpaceX CEO is bringing his concept of a tunnel-based transportation system for Los Angeles and other cities into focus -- without sharing cost, budget or timing details.


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OPEC Continues to Influence Oil Markets While the Market Awaits an Update

Fri, 28 Apr 2017 17:52:00 -0400

US crude oil inventories have increased for 9 consecutive weeks to start the year. Rising US inventories have created concerns about OPEC production cuts. However, declines in U.S. oil inventories in late March revived oil prices a bit. Oil markets now shift attention to the upcoming OPEC meeting.



Strong Earnings From Exxon And Chevron Driven By Big Gas, Not Big Oil

Fri, 28 Apr 2017 15:38:00 -0400

Exxon Mobil and Chevron both beat first quarter earnings estimates due to a rebound in the price of natural gas.


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sonnen: Changing The Way We Buy, Store, And Sell Electricity

Fri, 28 Apr 2017 11:51:00 -0400

sonnen is taking a global leadership position in residential energy storage markets. The company has also developed a peer-to-peer energy network in Germany, where solar panel owners sell surpluses to others.


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Why Trump's Executive Orders On Climate Are Impotent, According To Congressional Research Service

Fri, 28 Apr 2017 10:35:00 -0400

President Trump is unlikely to succeed in reversing climate and energy policies he has targeted by executive order, according to a Congressional Research Service legal brief released this week, at least in part because of his own language.


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Shipping King Fredriksen Blocked In Move To Consolidate Oil Tanker Business

Fri, 28 Apr 2017 10:22:00 -0400

John Fredriksen is a frustrated hunter. The Norwegian billionaire and his oil tanker giant Frontline have spent the past year stalking rival DHT, but so far it has eluded him.


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What America's Biggest Companies Pay In TaxesBerkshire Hathaway - $9.2 billionWal-Mart - $6.2 billionApple - $15.8 billionExxonMobil - ($400) millionMcKesson - $774 millionUnitedHealth Group - $4.9 billionCVS Health - $3.3 billionGeneral Motors - $2.4 billionAT&T - $6.5 billionFord Motor - $2.2 billionAmerisourceBergen - $620 millionAmazon - $1.4 billionCardinal Health - $800 millionVerizon - $7.4 billionCostco - $1.3 billionGeneral Electric - ($400 million)Walgreens - $1 billionKroger - $1 billionChevron - ($1.7 billion)JPMorgan Chase - $9.8 billionExpress Scripts - $1 billionWells Fargo - $10 billionHome Depot - $4.5 billionBoeing - $700 millionBank of America - $6.4 billionAlphabet - $4.7 billionMicrosoft - $3.3 billionAnthem - $2 billionCitigroup - $6.4 billionComcast - $5.3 billion

Fri, 28 Apr 2017 10:22:00 -0400

2016 sales: $223 billion

EBIT: $36 billion

Income taxes: $9.2 billion

Effective tax rate: 27.4%


CEO Warren Buffett reportedly paid $1.9 million in federal income taxes in 2015.

2016 sales: $485 billion

EBIT: $22 billion

Income taxes: $6.2 billion

Effective tax rate: 30.3%


Doug McMillon, CEO, 2016.

2016 sales: $217 billion

EBIT: $59 billion

Income taxes: $15.8 billion

Effective tax rate: 25.8%


Tim Cook, chief executive officer of Apple Inc., left, and Paul Sagan, chief executive officer of Akamai Technologies Inc., attend the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 11, 2012.

2016 sales: $198 billion

EBIT: $4.2 billion

Income taxes (inc stmt): -$400 million

Income taxes paid (cash flow stmt): $4.2 billion

Effective tax rate: -5.1%


Darren Woods, chief executive officer of Exxon Mobil at the 2017 CERAWeek conference in Houston, March 2017.

2016 sales: $196 billion

EBIT: $3.6 billion

Income taxes: $774 million

Effective tax rate: 26.8%


John Hammergren, CEO of McKesson.

2016 sales: $185 billion

Net income: $7.2 billion

Income taxes: $4.9 billion

Effective tax rate: 40.3%


Stephen Hemsley, ceo of UnitedHealth Group, speaks at the Milken Institute Global Conference in Beverly Hills, California, May 1, 2012.

2016 sales: $180 billion

EBIT: $10.7 billion

Income taxes: $3.3 billion

Effective tax rate:38.4%


Larry Merlo, CEO of CVS Health, 2011.

2016 sales: $166 billion

EBIT: $10.5 billion

Income taxes: $2.4 billion

Effective tax rate:10.6%


CEO Mary T. Barra, March 2017.

2016 sales: $164 billion

EBIT: $25.5 billion

Income taxes: $6.5 billion

Effective tax rate:32.7%


AT&T CEO Randall Stephenson takes an escaltor down to the lobby at Trump Tower, January 12, 2017 in New York City.

2016 sales: $152 billion

EBIT: $3.7 billion

Income taxes: $2.2 billion

Effective tax rate:32.2%


Donald Trump greets Ford CEO Mark Fields (C) prior to a meeting with automobile industr[...]


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Here Comes The Oil

Fri, 28 Apr 2017 07:39:00 -0400

Oil supply tends to be lumpy, with only a few countries showing higher production at any given time. Additionally, the degree to which production declines offset increases plays a major role in determining the net increase in a period.


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President Trump's First 100 Days In The Energy Sector

Thu, 27 Apr 2017 22:33:00 -0400

During his first 100 days in office, President Trump's energy policies pleased most Republicans and horrified most Democrats.


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The U.S. Natural Gas Market, End of April 2017

Thu, 27 Apr 2017 18:20:00 -0400

More exports amid flat production are the bullish factors for natural gas, but know that even a rise to $4 is still low historically.


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Vietnam Will Lose The Most From A Code Of Conduct In The South China Sea

Thu, 27 Apr 2017 18:00:00 -0400

Vietnam and China both claim the Paracel Islands, but China controls them. China is unlikely to let Vietnam pass ships near the Paracels for any reason without incident, killing Vietnam's chance of including the archipelago in a regional maritime code of conduct.


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The 4 Worst Things Trump Has Done For The Environment In His First 100 Days -- And 1 Good

Thu, 27 Apr 2017 17:42:00 -0400

While the president has flip-flopped on some signature issues, he’s been totally consistent about dismantling protections for public health, clean air and clean water. So let’s take a closer look at what he’s done so far, and what it will mean for our health and our world.


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How The Rural West Is Changing And Why Some Communities Thrive

Thu, 27 Apr 2017 12:38:00 -0400

What trends are shaping the rural West and what inputs can help communities succeed? We turn to Ray Rasker, founder and CEO of Headwaters Economics, for his perspective.


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Explosion Near Anadarko Well May Lead To Backlash For Other Colorado Operators

Thu, 27 Apr 2017 12:15:00 -0400

While analysts are worried that Anadarko's shut-in of 3,000 wells will hurt its second quarter volumes, they're also concerned about potential blowback resulting from the incident, including from regulators.


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President Trump's First 100 Days In Oil And Gas: Elections Really Do Matter

Thu, 27 Apr 2017 11:04:00 -0400

The media debate rages this week over whether or not President Trump's first 100 days have been an overall success. But where oil and gas is concerned, the verdict is clear: He has already become the most impactful President in modern times, perhaps ever.


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Trump Might Not Believe In The Risks Of Climate Change - But Investors Do And They Are Taking Action

Thu, 27 Apr 2017 09:00:00 -0400

Most large investors now recognise the risks that climate change creates and the opportunities that are available in the move to a low-carbon economy. The next step is to integrate this recognition into their investment strategies.


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Nasdaq Breaks Through 6,000 Barrier, But Should We Party Like It's 1999?

Wed, 26 Apr 2017 18:23:00 -0400

With the Nasdaq Composite index breaking through the 6,000 milestone for the first time and the Dow Jones Industrial Average regaining territory above 21,000, does this market exuberance represent a new ‘dotcom-style’ bubble or a tech revolution? And, what should investors consider now.


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Oil Explorer Hess Corp. May Have Turned The Corner

Wed, 26 Apr 2017 16:00:00 -0400

Analysts think Hess will improve as the year progresses, with production ramping up in the second half, capital expenditures continuing to fall and resources at its Guyana prospect migrating higher.


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Your Business And The Economy

Wed, 26 Apr 2017 13:33:00 -0400

Normal economic fluctuations impact a company’s resource needs. The effect depends on the business's cyclicality and trend growth. To connect with economic data, identify your end users and geography. Then develop your own economic dashboard with indicators tied to your end-users and your geography.


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Westinghouse Meltdown Short-circuits Some Muni Bonds

Wed, 26 Apr 2017 11:24:00 -0400

Westinghouse's filing for Chapter 11 bankruptcy damaged two large public utilities with municipal bonds outstanding: the Municipal Electricity of Georgia (MEAG) and the South Carolina Public Service Authority


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America's Utility Of The Future Takes Shape In Illinois, Ohio, And Minnesota

Wed, 26 Apr 2017 09:00:00 -0400

Three Midwest states are developing frameworks to help utilities build modern grid systems that value performance and prioritize the customer - in other words, a utility of the future.


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Coal-Heavy Utilities Are Changing Course As The New Energy Economy Unfolds

Wed, 26 Apr 2017 08:16:00 -0400

FirstEnergy’s competitive energy businesses are getting swallowed up by the markets and the company has chosen instead to focus on its regulated delivery systems. Other coal-heavy utilities, though, are broadening their scope and investing in green energies.


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Corporate Tax Reforms: A Corporate Bond Market Perspective

Wed, 26 Apr 2017 07:00:00 -0400

Corporate tax reform is front and center in the minds of the bond markets. If enacted, reforms could improve corporate behavior and the corporate bond market in general.



Canada Aims For A Fleet Of Small Modular Nukes

Wed, 26 Apr 2017 06:00:00 -0400

Canada is looking to fill their looming energy gap and address climate change by building a fleet of new small modular nuclear reactors (SMRs) over the next 20 years. SMRs offer what we’ve always wanted – an economic, flexible, shippable reactor that cannot meltdown with waste that's easy to handle


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A Fund That Bought Tesla For Less Than $30 A Share

Tue, 25 Apr 2017 17:45:00 -0400

Up almost 500%, this adviser identified Tesla's value early


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After Cashing Out Of The Permian, This Oil Tycoon Is Reinvesting - In Ayn Rand

Tue, 25 Apr 2017 15:40:00 -0400

“What’s happened over the last 8 years is right out of Atlas Shrugged,” says Bud Brigham. Really?


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What America's Biggest Companies Pay In TaxesBerkshire Hathaway - $9.2 billionWal-Mart - $6.2 billionApple - $15.8 billionExxonMobil - ($400) millionMcKesson - $774 millionUnitedHealth Group - $4.9 billionCVS Health - $3.3 billionGeneral Motors - $2.4 billionAT&T - $6.5 billionFord Motor - $2.2 billionAmerisourceBergen - $620 millionAmazon - $1.4 billionCardinal Health - $800 millionVerizon - $7.4 billionCostco - $1.3 billionGeneral Electric - ($400 million)Walgreens - $1 billionKroger - $1 billionChevron - ($1.7 billion)JPMorgan Chase - $9.8 billionExpress Scripts - $1 billionWells Fargo - $10 billionHome Depot - $4.5 billionBoeing - $700 millionBank of America - $6.4 billionAlphabet - $4.7 billionMicrosoft - $3.3 billionAnthem - $2 billionCitigroup - $6.4 billionComcast - $5.3 billion

Tue, 25 Apr 2017 15:40:00 -0400

2016 sales: $223 billion

EBIT: $36 billion

Income taxes: $9.2 billion

Effective tax rate: 27.4%


CEO Warren Buffett reportedly paid $1.9 million in federal income taxes in 2015.

2016 sales: $485 billion

EBIT: $22 billion

Income taxes: $6.2 billion

Effective tax rate: 30.3%


Doug McMillon, CEO, 2016.

2016 sales: $217 billion

EBIT: $59 billion

Income taxes: $15.8 billion

Effective tax rate: 25.8%


Tim Cook, chief executive officer of Apple Inc., left, and Paul Sagan, chief executive officer of Akamai Technologies Inc., attend the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 11, 2012.

2016 sales: $198 billion

EBIT: $4.2 billion

Income taxes (inc stmt): -$400 million

Income taxes paid (cash flow stmt): $4.2 billion

Effective tax rate: -5.1%


Darren Woods, chief executive officer of Exxon Mobil at the 2017 CERAWeek conference in Houston, March 2017.

2016 sales: $196 billion

EBIT: $3.6 billion

Income taxes: $774 million

Effective tax rate: 26.8%


John Hammergren, CEO of McKesson.

2016 sales: $185 billion

Net income: $7.2 billion

Income taxes: $4.9 billion

Effective tax rate: 40.3%


Stephen Hemsley, ceo of UnitedHealth Group, speaks at the Milken Institute Global Conference in Beverly Hills, California, May 1, 2012.

2016 sales: $180 billion

EBIT: $10.7 billion

Income taxes: $3.3 billion

Effective tax rate:38.4%


Larry Merlo, CEO of CVS Health, 2011.

2016 sales: $166 billion

EBIT: $10.5 billion

Income taxes: $2.4 billion

Effective tax rate:10.6%


CEO Mary T. Barra, March 2017.

2016 sales: $164 billion

EBIT: $25.5 billion

Income taxes: $6.5 billion

Effective tax rate:32.7%

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Why Are We Saving Electricity Only Half As Fast As Fuels?

Tue, 25 Apr 2017 14:40:00 -0400

Electricity savings have been less than half as fast as fuel savings, but this little-noticed disparity is unlikely to last. Unpacking its causes reveals large and often unperceived threats to utilities' long-term revenues.


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