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TD Bank says it’s carbon neutral; building first green branch in NYC

By Jeff Blumenthal Contributor

TD Bank said Thursday that it is the largest U.S.-based bank to go carbon neutral. It also unveiled a new “green” design for its future branches.

TD, a subsidiary of Toronto-based TD Bank Financial Group, said it reached its carbon neutral goal by building greener buildings, lowering its energy consumption, and making a significant investment in renewable energy from sources like wind, solar and low-impact hydro power. TD Bank has bought a block of wind energy large enough to power its network of 2,600 ATMs. TD Bank said it has also purchased 31,000 metric tons of carbon offset credits to eliminate its remaining emissions.

The bank, which has dual headquarters in Portland, Maine, and Cherry Hill, N.J., has pledged to develop LEED (Leadership in Energy and Environmental Design) certified stores with its first planned prototype green branch set to open this spring in Queens Village, N.Y. The bank expects to open up to 10 new green branches in 2010…Read full story

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GE, RPI, UAlbany land state energy grants

The New York State Energy Research and Development Authority will award $8 million to help develop or commercialize 19 energy storage projects, including three projects in the Capital Region.

The awards being made to companies and universities across New York that are involved in advanced research and development of energy storage applications that could benefit transportation, utility “smart grid” applications, renewable energy technologies, and other industries.

Locally, General Electric Co. in Schenectady will receive $2.5 million to further develop its sodium halide batteries for locomotives, and for renewable power generation.

Rensselaer Polytechnic Institute in Troy will receive $200,000 to

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Microsoft fixes 8 more Windows and Office flaws

Microsoft fixed eight flaws in Windows and Office on Tuesday, bringing the total number of security bulletins for 2010 up to 17.

The eight bugs patched today were far from the near-record 26 that Microsoft fixed last month when it delivered 13 security updates.

Gerhard Eschelbeck, chief technology officer and senior vice president of Webroot, explained via email that “Microsoft is [releasing] two security bulletins with corresponding patches affecting all supported version of its operating systems , as well as Office suites.”

Eschelbeck added that “both are rated as “important”, meaning they deserve attention. Even though this is significantly lighter compared to last month, these vulnerabilities could be exploited by opening a malicious document causing potential loss of confidential information. Users and IT organizations are encouraged to review these bulletins today, and plan for prompt rollout based on their priorities and environment.”…Read full story

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Citi, AIG, other bailed-out firms jump

NEW YORK – Shares in Citigroup Inc , one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc , jumped 10 percent.

The run-up built on Tuesday’s momentum that coincided with speculation that regulators might consider banning short-selling in the shares.

The talk, dismissed by the Securities and Exchange Commission as untrue, triggered a so-called short-squeeze as those who bet the stocks would go down covered short positions.

“Shorting has something to do with it. That is going to make the move over exaggerated,” said Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams in New York. “If a lot of guys want to cover their shorts. then it would turn into a snowball effect.”

Other traders said the run-up appeared to be momentum play around the stocks. The shares were among the volume leaders.

“This morning we’re seeing more momentum. Why? Because this is where deep value will be realized in the event we have a meaningful recovery in the overall economy,” said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey…Read full story

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Bohan Advertising/Marketing opens office in Knoxville

Nashville-based Bohan Advertising/Marketing has stretched its boundaries, opening an office in Knoxville to serve AAA of East Tennessee and Home Federal Bank of Knoxville, as well as Pennsylvania’s SuperPetz and Florida’s Brunswick Commercial and Government Products.

It is Bohan’s first office outside of Nashville and will have four employees….Read full story

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Lime Energy gets Allegheny County’s energy audit contract

By Anya Litvak

Chicago-based Lime Energy Co.won a $212,000 contract with Allegheny Country to perform energy audits at 104 of its municipal buildings, the county announced Tuesday.

The company will begin the audits at the end of March and finish by the end of July, recommending which energy conservation measures should be pursued with the county’s $2 million in stimulus grants available for such retrofits. Duquesne Light will also help with the efforts.

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Deutsche Post 2010 outlook misses estimates

By Maria Sheahan

FRANKFURT – Deutsche Post DHL unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.

The move, announced by new Chief Financial Officer Larry Rosen on Tuesday, comes after Deutsche Post disappointed investors with major strategic moves that failed to produce hoped-for gains and long-term growth.

Europe’s biggest mail and express delivery company sees its express delivery and freight businesses boosting underlying group earnings before interest and tax (EBIT) to 1.6-1.9 billion euros ($2.2-2.6 billion) from 1.47 billion in 2009.

That outlook is well below the average estimate of 2.1 billion euros in a Reuters poll of analysts.

Post shares fell 1.6 percent to 12.59 euros at 1106 GMT, while the German blue-chip index <.GDAXI> was 0.52 percent lower.

Shrinking business investing hurt Deutsche Post and its peers last year. The World Trade Organization has said that 2009 global trade volumes contracted by about 12 percent, the sharpest decline since World War Two… Read full story

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SolarCity opens new office as it expands local efforts

By Patrick O’Grady

SolarCity has moved into expanded facilities in Phoenix as the system installer prepares to step up work.

The company plans to hire 20 to 30 workers in the next few months and could double its current base of about 60 employees by the end of the year.

The office, at 1725 W. Williams in Phoenix, was designed to coordinate the 10 to 15 installation jobs the Foster City, Calif.-based SolarCity has in the region each day.

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Helix wants out of oil, gas business

Helix Energy Solutions Group Inc. on Monday said it was looking to divest its oil and gas business.

Helix (NYSE: HLX), which offers offshore energy services, has engaged financial advisors to assist with the deal.

The move is a continuation of the Houston company’s strategy to divest non-core assets that began in December of 2008.

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China to punish hackers, says no Google complaint

China has pledged to punish hackers who attacked Google if there is evidence to prove it, but said it has yet to receive any complaint from the world’s top search engine.

Google sent shockwaves across business and political circles in January when it declared it would stop censoring Chinese search results, and threatened to pull out of China — the world’s largest online community with 384 million users at the end of last year — over hacking and censorship concerns.

Google had never filed a report to the Ministry of Industry and Information Technology over the cyber attacks or sought negotiations, Vice Minister Miao Wei was quoted as saying by state news agency Xinhua late on Saturday.

“If Google has had evidence that the attacks came from China, the Chinese government will welcome them to provide the information and will severely punish the offenders according to the law,” Miao said.

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