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Mercedes hydrogen-electric hybrid harvests solar and wind energy with its paint job

2014-11-07 16:28:20| Extremetech

Mercedes-Benz has an incredible new concept car, one with energy-saving ideas we can only hope will become standard in the future.

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Luciano Will Rise to Top Job at ADM

2014-11-06 07:25:48| Agriculture - Topix.net

Archer Daniels Midland Co. tapped Juan Luciano, its Argentine-born president, to succeed Patricia Woertz as chief executive, highlighting the U.S. agricultural company's expanding international profile.

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PG&E executive who lost job over emails to receive $1.1 million in severance pay

2014-11-05 22:00:42| Energy - Topix.net

A former PG&E senior executive who lost his job following the disclosure of inappropriate emails to regulators will receive a $1.1 million severance payment, according to a report filed by the utility with the Securities and Exchange Commission. Thomas Bottorff, the former senior vice president of regulatory affairs, was one of three executives whose employment was terminated in September when PG&E revealed a set of emails to the California Public Utilities Commission that appeared to show improper judge-shopping.

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Comment - Spirits - Diageo Making the Best of a Bad Job with Bushmills, Don Julio deal?

2014-11-05 12:09:00| Daily beverage news and comment - from just-drinks.com

Diageo has surprised some with its move to sell its Irish whiskey brand Bushmills in return for control of Don Julio Tequila. Here our columnist, Richard Woodard, analyses the thinking behind the deal

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Sprint lowers EBITDA outlook, plans 2,000 job cuts

2014-11-04 08:51:00| Telecompaper Headlines

(Telecompaper) Sprint's new CEO has announced plans to reduce operating costs by USD 1.5 billion and cut 2,000 jobs at the operator. The workforce reduction is expected to save USD 400 million a year. The company is also reviewing the rest of its management and plans to add more new candidates, both external and from parent company Softbank. Appointed in August, the new CEO Marcelo Claure aims to reposition Sprint as the 'best value in wireless'. In addition to cutting operating costs, Sprint is working to complete its network upgrade and LTE roll-out, which has been impacting the customer experience and increasing churn. Sprint lost 336,000 retail postpaid customers in Q3. Prepaid customers fell by 20,000, while the operator gained 840,000 wholesale connections. This left it with just over 55 million customers at the end of September. Postpaid ARPU fell to USD 60.24 from USD 61.65 in Q2 and USD 63.48 a year ago. Total revenues fell to USD 8.49 billion from USD 8.68 billion a year earlier, while adjusted EBITDA rose slightly year-on-year to USD 1.386 billion or 18.6 percent of revenue. The company said the loss of customers and pressure on wireless revenue, as well as increased selling costs for new tariff plans, will put pressure on results in the last quarter. Sprint lowered its adjusted EBITDA forecast for 2014 to USD 5.8-5.9 billion from a previous estimate of USD 6.7-6.9 billion. 

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