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Australian windfarms face $13 bln wipeout from political impasse

Australia faces a A$17 billion ($13.3 billion) exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of meeting a self-imposed clean energy target.


Iowa rail line reopens following train derailment, ethanol leak

A rail line in eastern Iowa reopened on Saturday following a freight train derailment that sent three cars tumbling into the Mississippi River, spilling ethanol fuel in the water, Canadian Pacific Railway (CP) said.

U.S. defense suppliers Harris and Exelis to combine

Harris Corp (HRS.N) will buy Exelis Inc (XLS.N) in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense.

Greece says has no cash problem, to present plan next week

Greece said on Saturday it had no short-term cash problem and that it will hand its European Union partners a comprehensive plan next week for managing the transition to a new debt deal.


Latest News

Channing Tatum's got half-naked dance moves to spare in the first "Magic Mike XXL" trailer.
Finally, "Call of Duty: Advanced Warfare" will let us blow away some zombies. Been waiting for a new excuse to shoot some zombies? That excuse is almost here.
Most people end up going to jail for manufacturing explosives. Not Dan Bilzerian. Somewhere, Dan Bilzerian is breathing a giant sigh of relief. The professional poker player and massive Internet celebrity (Bilzerians ridiculous- and ridiculously manly- antics have gained him a huge following) was recently at risk of a serious stint of prison time.
Admit it- the Marvel Cinematic Universe can't last forever. The Marvel Cinematic Universe is huge. It's perhaps the hugest deal in movies right now (seriously- huge).
Cross-border lending is growing in the euro zone for the first time since the bloc's financial crisis prompted banks to retreat from highly indebted countries such as Spain, Greece, Ireland and Italy.
The number of rigs drilling for oil in the United States fell by 83 this week to 1,140 - the lowest since December 2011 - a survey showed on Friday, a clear sign of the pressure that tumbling crude prices have put on oil producers.
Technology companies such as Google are unlikely to become mass car manufacturers, even if they have the potential to disrupt an industry increasingly focused on software and automated driving, the head of German carmaker Daimler (DAIGn.DE) said on Friday.
Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund.
Japanese automakers are being forced to ship some car parts to U.S. plants by expensive air cargo and tweak production processes as a protracted labor dispute at U.S. West Coast ports shows no signs of letting up.
Brazil's President Dilma Rousseff tapped a confidant from a state-run bank to be the next head of Petrobras on Friday, chilling investor hopes that a more independent new management team would steer the oil firm out of a huge corruption scandal.