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NYSERDA commits $100M to energy efficiency

New York’s businesses will be able to tap into $100 million in funds to improve the energy efficiency of their manufacturing facilities and data centers.

Albany-based CHA is one of three engineering firms that will receive $2 million each to help companies identify cost-effective measures and educate them on the funding that is available through the New York State Energy Research and Development Authority, the nonprofit that administers state energy programs. The two other engineering firms, Energy & Resource Solutions and Willdan Energy Solutions, are in New York City…Read full story

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UAlbany’s NanoCollege to receive $1.5M to incubate clean energy companies

The University at Albany’s College of Nanoscale Science and Engineering in New York will receive $1.5 million to fund an incubator program for new clean energy companies.

The program at Albany NanoTech is the sixth statewide college incubator program to receive money from the New York State Energy Research and Development Authority (NYSERDA) to fund incubator programs. NYSERDA recently helped fund similar incubators at the University at Buffalo, Rochester Institute of Technology, The Tech Garden in Syracuse, the Polytechnic Institute of New York University in Brooklyn and Stony Brook University. Three of the six incubator programs are located at State University of New York colleges…Read full story

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• Palm Pre earns Popular Mechanics' Top 10 Most Brilliant Products of 2009 While it's not exactly Palm Pixi news, Popular Mechanics has named Palm Pre top it's Most Brilliant Products of 2009. That accomplishment speaks for itself. However, there's more to it than that. Only three consumer electronic products made the top ten. So one could say that Popular Mechanics put the......
• Individual Development Accounts: The Best Poverty Assistance Program that We Never Hear About. I like to think I'm fairly immune to soft-hearted stories about people who are struggling to make ends meet or some other type of financial hardship that pushes them into the downward spiral of never ending debt.  It's a tough world, and it often pays to have a thick skin.......
• AT&T Universal Card Lost Another Customer I've been an AT&T Universal Card customer since 2001, starting out with a small classic card and eventually upgrading my way to a Platinum Rewards Mastercard. When I went through my financial turnaround a while back I cut up all but two cards with the idea that when my debt......
• Weakonomics Tour of the Country:  New Jersey AKA the "Pennsylvania's Beach" State New Jersey is sandwiched between Philadelphia and New-York City, not a bad place when you're looking for some industries to support your economy. I struggled to decide on a nickname for the state.  "New York's Suburb" & "New England's Hicks" were strong contenders.  This is......
• China Closes Down More Than 100 Casinos More than 100 casinos along China's borders have been forced to close thanks to a major crackdown on their operations, Chinese state media says. Intensive police work and co-operation with neighbouring countries have seen border casinos fall from 149 in 2005 to 28 now, the China Daily paper reports. Officials......

Dow hits 2010 intraday high on financial and basic materials

The basic materials and financial sectors on Wednesday lifted the Dow Jones Industrial Average to a new 2010 intraday high of 10,766.

The U.S. stock market rose on the easy monetary policy of Japan and the U.S. and a lower than expected U.S. Producer Price Index.

The Dow is up 79.28 points, or 0.74 percent, to trade at 10,765.26 at 2:20 pm EST. The S&P 500 Index is up 10.10 points, or 0.87 percent, to trade at 1,169.60.

Asian markets mostly closed higher. The Hong Kong Hang Seng rose 1.72 percent. Nikkei, boosted by the Bank of Japan’s decision to expand credit, closed up 1.17 percent.

Korea’s KOSPI Composite Index was up 2.11 percent, rising on the successful trading debut of Korea Life.

European markets also closed modestly up, with the U.K. FTSE 100 climbing 0.43 percent.

The leading sectors of the U.S. stock market are basic materials, energy, and financial…Read full story

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• CIT creditor advisers seek bankruptcy option-source | Industries | Financial Services | Reuters Note:This is post the $3 b sign up with JPM/GS and the share was down 16% in trade. Last week, before the $3b signup, it cost $2.5 million to save (blah blah..insure..blah blah) $10b of its outstanding debt. This is where Wall Street and London made all the money......
• Macau Gaming System On Brink of Failure Three gambling operators became six. Nowadays, there are many more in Macau sharing the gross gaming revenue without a concession. All because the system has been changing since the 1980's. Official sources are saying that presently "the system is on the verge of its breaking point". Up against the wall,......
• Battle is on to save Britain’s credit rating. Despite the fact that the UK has officially been in recession for more than six month, till now it has managed to retain her highly important triple-A credit rating. As a general election begins to loom increasing larger on the horizon, a growing political consensus has begun to emerge......
• Consumer Confidence in United States has Increased The level of consumer confidence in the United States rose unexpectedly in November, rebounding from a record low. This surprising change apparently came as concerns about the rising rate of unemployed coupled with tumbling financial markets was alleviated by falling gas prices. The Conference Board's index of consumer confidence suddenly......

The Washington Post to launch business weekly

By Tucker Echols

The Washington Post announced Monday that it will launch a subscription-only business weekly called Capital Business, beginning April 19.

Dan Beyers, a 20-year veteran of the Post, is the editor of the new publication. Capital Business will be a specialty publication similar to Post publications, such as El Tiempo Latino, he said.

The general manager of El Tiempo Latino, Arnie Applebaum, was named general manager of Capital Business. He will oversee strategy and day-to-day operations of the new publication while remaining general manager of El Tiempo Latino and Express, a free Monday through Friday publication for commuters.

In an interview, Beyers said Capital Business will try to help the Washington business community navigate the region’s economy. He hopes “every article” in the publication will generate a business lead for readers or an idea about a business opportunity…Read full story

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New ACCIÓN building takes the LEED

The new headquarters for ACCIÓN New Mexico • Arizona • Colorado will include solar panels and other environmental features to meet LEED certification standards.

The 7,500-square-foot building is under construction at 2000 Zearing NW, near the Sawmill neighborhood. It could be one of the only small commercial buildings in New Mexico to earn LEED (Leadership in Energy and Environmental Design, a U.S. Green Building Council standard) certification, said ACCIÓN officials.

The Public Service Co. of New Mexico made a $50,000 investment in the project, said Lynn Trojahn, vice president of advancement for ACCIÓN. The LEED design work and solar panels cost about $200,000. PNM offers incentives for businesses and homeowners to install solar energy systems and helps nonprofits identify ways to save energy.

Read full story

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Fed lifts equities with outlook on rates, growth

By Jeremy Gaunt

Worries about Greece’s debt crisis also eased after rating agency Standard & Poor’s removed the threat of an immediate downgrade.

MSCI’s all-country world stock index <.MIWD00000PUS> rose half a percent with Europe’s FTSEurofirst 300 <.FTEU3> up 0.4 percent around a two-month high.

Earlier Japan’s Nikkei <.N225> closed up 1.17 percent while, overnight, stocks on Wall Street hit 17-month highs. Japanese stocks were boosted by the Bank of Japan’s decision to loosen monetary policy.

The Fed essentially presented equity investors with the best of all worlds, saying that it was keeping interest rates near zero and would do so for an extended period, but also pointing to increased momentum in the U.S. economy.

“There was no new bad news so this is good. I think the market can continue its upward trend to the end of the quarter,” said Giuseppe-Guido Amato, strategist at Lang & Schwarz in Frankfurt.

Investors entered the year fearing the gradual withdrawal of loose monetary policy by the world’s central banks, but the expected timing of the shift has been pushed back…Read full story

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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

Read full story

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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.

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