By Dave Tyler •
April 8, 2009
The head of BP Solar International says his firm will install 100 megawatts of utility-level solar power projects on U.S. soil in 2009.
Reyad Fezzani
told Dow Jones in an interview published Monday that his company, a subsidiary of energy giant BP PLC, is seeing high demand, and strong financing interest from investors. BP expects to manufacture 320 MW of
solar panels in 2009, roughly double the amount it made in 2008. That will be split about 60/40 between large commericial and utility installations and residential sales, Fezzani said. That equates to about 192 MW of large scale installations, with 100 MW of that in the U.S., he said.
By Reenita Malhotra •
October 15, 2008
The failure of Lehman Brothers is seen as the last straw that broke the credit market. The financial markets have been in a state of complete disarray ever since the U.S. Government allowed Lehman Brothers to file for bankruptcy on September 15th 2008 instead of intervening to save it as it had done with Bear Sterns and later with the insurance company, American International Group.
By Reenita Malhotra •
September 30, 2008
Everyone is petrified of losing money in this crazy whirlwind of stock market yo-yo-ing lately. The fall of Lehman brothers has offset a downward spiral not just for financial stocks, but for stocks in general. The Dow Jones dropped 777 points today, creating a historical record.
By Reenita Malhotra •
September 29, 2008
It’s official, according to the New York Times, the bailout proposition has been rejected by the House of Representatives. The Dow Jones just plunged more than 400 points and America is standing up for itself as the bastion of free market economics!
According to the New York Times, “supporters of the bailout proposal had argued that it was necessary to avoid a collapse of the economic system, a calamity that would drag down not just Wall Street investment houses but possibly [...]
