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United Kingdom: MPs set to rebel over carbon target

2013-06-04 12:27:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: The government has seen off a rebellion by Lib Dem and Conservative MPs over calls for a carbon emissions target for the energy industry. Senior Tory backbencher Tim Yeo sought to amend the coalition's Energy Bill to set a "decarbonisation" target for the power sector by 2030. But MPs rejected the move by 290 votes to 267 after a Commons debate. Ministers say the target would place too many restrictions on business at a time of economic difficulty. The issue has divided the coalition...

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Britain reject tough CO2 cut target for power sector

2013-06-04 12:21:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: MPs on Tuesday rejected an amendment to the coalition government's Energy Bill which would have locked the power sector into tough carbon cuts from 2014, two years earlier than planned, and limited new gas plants being built after 2020. Britain wants to explore the potential of shale gas to stem its rising dependence on imported gas and the vote comes just one day after it was estimated that its shale gas resources could be a lot higher than previously thought. The amendment proposed that the...

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Obama to target patent trolls with executive actions

2013-06-04 07:43:16| CNET News.com

President to ask Congress and the U.S. Patent Office for new rules and legislation amid concerns the system is being abused and competition is being squelched. [Read more]    

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US sanctions target Iranian currency

2013-06-04 03:33:51| BBC News | Business | UK Edition

US has unveiled fresh sanctions against Iran, targeting the country's currency, as it increases its pressure on Tehran on abandon its nuclear programme.

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Wedbush Increases Guess Price Target to $32.00

2013-06-04 02:41:38| Apparel - Topix.net

The firm currently has a "neutral" rating on the stock. Wedbush's price target would suggest a potential upside of 2.33% from the company's current price.

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