Energy Update
NEW YORK, Sept 21 (Reuters) - The latest insider trading
charges by U.S. securities regulators placed an unwelcome
spotlight on billionaire Leon Cooperman, the son of a Bronx
plumber who rose to become one of the most gifted stock pickers
of his generation.
Sept 21 (Reuters) - ExxonMobil Corp. has agreed to pay $12
million to Montana and the U.S. government to restore natural
resources damaged or destroyed by a pipeline rupture in 2011
that spilled oil into the Yellowstone River, according to a
settlement proposed on Wednesday.
Sept 21 (Reuters) - TransCanada Corp said its U.S.
natural gas pipeline unit had reached a settlement with
customers over proposed transportation rate hikes made earlier
this year.
The World Bank has approved US$390 million in additional financing to be used by Pakistan's Water and Power Development Authority for extensions of its Tarbela hydroelectric plant.
MOSCOW, Sept 22 (Reuters) - Russia will not start printing
money to support economic growth and will not allow populism to
dictate the budget, Prime Minister Dmitry Medvedev wrote in an
article published on Thursday.
WASHINGTON, Sept 21 (Reuters) - The U.S. Senate cleared the
way for a $1.15 billion sale of tanks and other military
equipment to Saudi Arabia on Wednesday, defending a frequent
partner in the Middle East recently subject to harsh criticism
in Congress.
LAGOS, Sept 21 (Reuters) - Nigeria has said it is owed a
total of $12.7 billion by more than a dozen companies for
allegedly not declaring exports of crude oil to the United
States between 2011 and 2014, according to court documents seen
by Reuters on Wednesday.
SunPower Corp. is using drones, computer software and other technology that can cut the cost of its solar farms by as much as 30 percent, Chief Executive Officer Tom Werner said Tuesday in an interview.
WASHINGTON, Sept 21 (Reuters) - The U.S. Senate voted to
clear the way for a $1.15 billion arms sale to Saudi Arabia on
Wednesday, defending a close U.S. ally in the Middle East
recently subject to harsh criticism in Congress.
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