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SolarCity to back up solar with Tesla batteries
The solar panel installer SolarCity is beginning to address one of solar power’s big drawbacks: The sun doesn’t always shine.
Customer information of JPMorgan’s UCard hacked
JPMorgan Chase & Co. says about 465,000 users of a prepaid cash card may have had their personal information hacked.
FedEx to raise ground and home delivery rates
FedEx will raise its FedEx Ground and FedEx Home Delivery rates in January in addition to raising express shipping rates.
States grovel before Boeing in bid for 777X jobs
Boeing is the king of the skies when it comes to U.S. aircraft production, a role that looks especially enviable these days as more than a dozen states grovel before the throne for a chance to share in the riches of the next-generation 777 jetliner.
Obama to feds: Boost renewable power 20 percent
Saying the government should lead by example, President Barack Obama is ordering the federal government to nearly triple its use of renewable sources for electricity by 2020.
US economy grows at 3.6% rate in 3rd quarter
The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold back growth.
White House pushes for jobless aid extension
The White House is pushing to extend jobless benefits to long-term unemployed Americans. The argument is that if benefits don’t get renewed by the end of the month, more than a million people will lose the assistance — which will slow economic growth.
BP pushes technical limits to tap extreme fields
BP is leading an industrywide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
Stocks fall on Wall Street; Retailers slump
Stocks fell Thursday after the government reported that the number of Americans applying for unemployment benefits dropped to the lowest in nearly six years last week. Also, the U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012.
Ohio-based Fifth Third to pay $6.5M in SEC case
A federal agency said Wednesday that Fifth Third Bancorp will pay $6.5 million to settle charges of improper accounting of commercial real estate loans during the financial crisis.
Carl Icahn ups ante in crusade for Apple buyback
Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company’s stock.
Ametek acquires Powervar for $128 million
Ametek Inc. said Wednesday it has acquired privately held Powervar for about $128 million. Waukegan-based Powervar makes power protection equipment used by the medical, retail and telecommunication industries.
Walgreen same-store sales up 3.2% in November
Walgreen Co. says revenue from its established stores rose 3.2 percent last month compared to November 2012, when a wave of generic drugs hurt the top-line of the nation’s largest drugstore chain.
Alabama faces Dec. 10 for Boeing Co. proposal
Alabama faces a Dec. 10 deadline to respond to Boeing Co., which is seeking proposals from several states hoping to land an aircraft assembly plant.
US Airways Nov. passenger revenue falls 4 percent
US Airways said Wednesday that per-seat passenger revenue fell 4 percent in November because of the late timing of the Thanksgiving holiday.
