Business

Washington, D.C., Nov. 17, 2009 — The Securities and Exchange Commission today charged two former Silicon Valley executives for improperly inflating the reported financial results at Santa Clara, Calif., semiconductor company Tvia, Inc.    » read more »

Washington, D.C. -- November 17, 2009 -- "Good afternoon. I am joined here by some of my partners in the new effort we are launching today, Secretary of the Treasury Tim Geithner, Secretary of Housing and Urban Development Shawn Donovan, and Robert Khuzami, the Director of Enforcement at the Securities and Exchange Commission, who is here representing SEC Chairwoman Mary Schapiro.    » read more »

Statement by AFL-CIO President Richard Trumka on GAO Report on the Accuracy of Workplace Injury and Illness Data

November 16, 2009 -- The GAO report released today confirms that employer policies and practices that discourage the reporting of workplace injuries and illnesses are widespread and undermining the safety and health of America's workers.    » read more »

November 18, 2009 -- Today's Small Business Financing Forum marks another step in the Obama Administration's commitment to ensuring small businesses can play a crucial role in leading job growth and recovery. As they search for the best ideas and strategies to bring to the President, Treasury Secretary Tim Geithner and Small Business Administrator Karen Mills will build on the measures the Obama Administration has already taken to help small businesses expand through increased access to credit and new tax cuts as part of the American Recovery and Reinvestment Act.

Obama Administration's Actions to Support Small Business

I. Improving Access to Credit    » read more »

BEIJING, Nov. 17 -- China's GreenGen clean coal project achieved another important milestone today as the partners executed their joint venture agreement, recognizing Peabody Energy's participation as a full equity partner.

The agreement was commemorated at a signing ceremony at the historic Great Hall of the People in Beijing and included Peabody Chairman and Chief Executive Officer Gregory H. Boyce; Huaneng Group President Cao Peixi; U.S. Secretary of Energy Steven Chu; and Chinese Vice Premier Li Keqiang.    » read more »

$500 million Commitment to New Program

November 17, 2009 -- November 17, 2009 – The Goldman Sachs Group, Inc. (NYSE: GS) today announced the launch of 10,000 Small Businesses -- a $500 million initiative that will unlock the growth and job-creation potential of 10,000 small businesses across the United States through greater access to business education, mentors and networks, and financial capital. It is based on the broadly held view of leading experts that a combination of education, capital and support services best addresses the barriers to growth for small businesses. Program highlights include:    » read more »

Company Enters Module Manufacturing to Meet Fastest Growing Segment of Solar Market

SHENZHEN, China, Nov. 17, 2009 — DuPont Apollo Ltd., a wholly-owned subsidiary of DuPont, announced the opening of its silicon based thin-film photovoltaic module manufacturing facility. The facility demonstrates the company’s commitment to reduce dependence on fossil fuels by supporting renewable energy technologies such as solar energy.    » read more »

DUBAI, United Arab Emirates, Nov. 17, 2009 -- Raytheon Company (NYSE: RTN) has been awarded a contract by the Kingdom of Saudi Arabia General Authority of Civil Aviation (GACA) for a nationwide air traffic management system based upon cooperative surveillance.

The contract will extend air traffic control surveillance throughout the Kingdom. It will also enhance flight safety for the rapidly growing domestic airline sector and improve the efficiency of Saudi Arabia's air traffic management system.    » read more »

NEW YORK & GENEVA -- Pfizer Inc and Drugs for Neglected Diseases initiative (DNDi) have signed an agreement that is designed to facilitate advancements in the battle against human African trypanosomiasis (HAT), visceral leishmaniasis (VL) and Chagas disease, which afflict vulnerable populations in the developing world. Under the agreement, DNDi will have access to the Pfizer library of novel chemical entities, in order to screen it for compounds that have the potential to be developed into new treatments.    » read more »

"Chevron's Lobbying Efforts Look Like Extortion"

November 17, 2009 -- Washington D.C. - Ways and Means member Rep. Linda Sánchez (D-CA) testified today before the Trade Subcommittee hearing on trade preference systems. Rep. Sánchez, a long time advocate for a new trade model, took the opportunity to discuss what works about U.S. trade preferences policy as well as what does not.    » read more »

Chrysler’s Congressman Says He’ll take Former Presidential Candidate up on His Offer, “anybody believes that Chrysler is going to survive, I'd like to meet them”

November 17, 2009 -- Washington, D.C. – Congressman Gary Peters, whose district is home to Chrysler Group LLC World Headquarters in Southeast Michigan, today challenged Senator John McCain’s prediction that Chrysler will soon fail and that preventing the collapse of American auto companies was a mistake.

As reported in the Detroit News this week, while serving as grand marshal of a NASCAR race in Arizona, Senator McCain said “anybody believes that Chrysler is going to survive, I'd like to meet them.”    » read more »

November 17, 2009 -- Washington, DC – Today, U.S. Rep. Ed Perlmutter (D-CO) will introduce amendments to the Financial Stability Improvement Act (HR 3996) aimed at helping prevent future economic downturns.

The first amendment enables regulators to limit the size of financial firms that could pose a risk to the system on an institution-by-institution basis. Once a financial holding company becomes subject to stricter standards, the amendment would allow the regulators to work with the company to divest its commercial or investment banking activities in an orderly manner without causing the traditional banking side of the organizations to fail.    » read more »

ALBUQUERQUE, N.M., Nov. 18, 2009 -- The Boeing Company [NYSE: BA] in May demonstrated the ability of mobile laser weapon systems to perform a unique mission: track and destroy small unmanned aerial vehicles (UAVs).

During the U.S. Air Force-sponsored tests at the Naval Air Warfare Center in China Lake, Calif., the Mobile Active Targeting Resource for Integrated eXperiments (MATRIX), which was developed by Boeing under contract to the Air Force Research Laboratory, used a single, high-brightness laser beam to shoot down five UAVs at various ranges. Laser Avenger, a Boeing-funded initiative, also shot down a UAV. Representatives of the Air Force and Army observed the tests.    » read more »

VINALHAVEN, Maine--Tuesday, November 17, 2009-- Harnessing Maine’s strong ocean winds, three wind turbines supplied by GE (NYSE: GE) now are producing power for the residents of Vinalhaven and North Haven, two year-round communities that comprise the Fox Islands located in Penobscot Bay in mid-coast Maine.

The wind facility, which has three GE 1.5-megawatt machines on site, was dedicated today as part of a ribbon-cutting ceremony held by the project developer, Fox Islands Wind, LLC. On average, the project is expected to generate approximately 11,600 megawatt hours of electricity per year, supplying the island’s communities with year-round cleaner, more affordable power.    » read more »

$2 million NIEHS award to support development of a radio frequency identification (RFID) vapor sensor that can be part of a badge and worn on clothing

17 November 2009 -- NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE Global Research, the technology development arm for the General Electric Company (NYSE: GE), today announced a $2 million award from the National Institute of Environmental Health Sciences (NIEHS), part of the National Institutes of Health to develop wearable RFID sensors to alert people to the presence of environmental chemical agents in the air and sample exhaled breath to serve as an early indicator of disease.    » read more »