June 2, 2010 at 5:09 p.m.
Filed under:
Advertising/Marketing,
Energy,
Sports
From left, Cubs owner Tom Ricketts jokes with Cubs players Randy Wells and Marlon Byrd on April 26, 2010, the day the Cubs and White Sox made the Crosstown Cup official. (Michael Tercha/ Chicago Tribune)
By Wailin Wong | The BP oil spill in the Gulf has leaked into the company’s sponsorship
of the BP Crosstown Cup, the six-game series between the Cubs and White Sox that kicks off next week.
The company is still sponsoring the series, but “we’ve scaled back efforts a little bit” as a result of events in the Gulf, said Kevin Saghy, a Cubs spokesman. He said BP has already started some in-store promotions for the Cup, but has cut back on other planned events, as well as advertising and media outreach. The teams are also considering a more subtle presentation of the trophy, Saghy said.
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June 1, 2010 at 12:51 p.m.
Filed under:
Consumer news,
Energy
Associated Press | Gasoline prices dropped for the 26th straight
day Tuesday. After hitting an average of $2.929 per gallon in the U.S.
May 6, retail gasoline prices have fallen 20.2 cents, or nearly 7
percent, to $2.727 per gallon on Tuesday.
Tom Kloza of the Oil Price Information Service said while the daily
streak of lower prices is likely to end before mid-June, prices still
have another 10 or 12 cents to fall.
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June 1, 2010 at 3:26 a.m.
Filed under:
Energy,
Government
BP’s shares were down 15 percent in early afternoon trading on the London Stock Exchange. Here, Greenpeace demonstrators hang a flag reading “British Polluters” at BP’s headquarters in central London on May 20, 2010. (AFP/Getty Images)
Associated Press | Atty. Gen. Eric Holder Attorney General Eric Holder says federal authorities have opened criminal and civil investigations into the Deepwater Horizon explosion and oil spill.
Holder would not specify Tuesday which companies or individuals might be the targets of the probe. He says federal clean air and pollution laws give him the power to open the investigations.
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May 24, 2010 at 4:19 p.m.
Filed under:
Chicago executives,
Energy
By Mary Ellen Podmolik
| Andrea Zopp, who has served as Exelon Corp.’s executive vice president and general counsel since last June, will leave May 31, the company announced Monday.
Exelon said its legal department will report to William A. Von Hoene, Jr., executive vice president, finance and legal, on an interim basis.
Before her most recent promotion, Zopp had served as executive vice president and chief human resources officer since 2006. She also has served as general counsel at Sears Holding Corp., deputy general counsel at Sara Lee Corp. and was a partner at Sonnenschein Nath & Rosenthal. Zopp also was the first state’s attorney in the Cook County State’s Attorney’s office.
May 24, 2010 at 7:20 a.m.
Filed under:
Consumer news,
Energy
Reuters | U.S. average retail gasoline prices fell about 9 cents
per gallon in two weeks, and could fall more as crude oil prices
decline, according to the latest Lundberg survey.
The national average for self-serve regular unleaded gasoline was about
$2.8279 a gallon May 21, down 9.25 cents per gallon in the last two
weeks, the nationwide Lundberg survey of U.S. gas stations showed.
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May 21, 2010 at 7:55 a.m.
Filed under:
Energy,
Environment,
Politics
Associated Press | Kentucky’s Republican Senate candidate Rand Paul criticized President
Barack Obama’s handling of the Gulf oil spill Friday as putting “his
boot heel on the throat of BP” and “really un-American.”
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May 18, 2010 at 6:35 a.m.
Filed under:
Cell phones,
Energy,
Telecommunications
From the Chicago Sun-Times | Motorola and Exelon saw customer satisfaction scores improve 2.9 percent and 5.4 percent, respectively, from May 2009, according to the American Customer Satisfaction Index released today.
Get the full story: suntimes.com
May 17, 2010 at 8:23 a.m.
Filed under:
Energy,
Green
By Michael Oneal |
A Connecticut investment firm said Monday that it will halve its
investment in Broadwind Energy Inc., a Naperville-based wind-energy
firm.
As a result of the move, board member David Reiland, the former chief
executive of motion-control company Magnetek, will become as
Broadwind’s board chairman, replacing James Lindstrom of Tontine
Associates, which led a group of funds that collectively are
Broadwind’s largest stockholder.
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Dow Jones Newswires | U.S. truck maker Navistar International Corp. said Thursday it will deliver its first electric truck to FedEx Corp. by the end of the year, thanks, in part, to stimulus funding provided last year by the government.
Navistar’s eStar model is the first medium-duty commercial vehicle to receive the U.S. Environmental Protection Agency’s clean-fuel fleet vehicle certification and the California Air Resources Board’s certification as a zero-emission vehicle, the company said.
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May 13, 2010 at 2:14 p.m.
Filed under:
Energy
Associated Press | A massive coal-fired power plant in central Wisconsin must limit the visibility of pollutants leaving its main smokestack but does not need tighter controls for other emissions, an appeals court ruled Thursday. The plant is operated by Chicago-based Integrys Corp.
A three-judge panel of the District 4 Court of Appeals agreed with the Sierra Club that the state Department of Natural Resources erred when it did not require the smokestack for the plant’s main boiler to follow a federal visibility standard for pollutants on its air pollution permit.
Get the full story: Order for six 787 Boeing aircraft is cancelled.
May 12, 2010 at 4:04 p.m.
Filed under:
Energy,
Environment,
Policy,
Politics
From Crain’s Chicago Business | In a speech in Washington, D.C., Exelon Corp. Chairman and CEO John W. Rowe spoke about the Senate climate change legislation proposed Wednesday. Rowe said the bill is a reasonable compromise, but he put long odds on it going anywhere this year.
Get the full story: chicagobusiness.com.
May 12, 2010 at 11:02 a.m.
Filed under:
Energy,
Policy,
Politics
Associated Press | The White House is asking Congress to raise a liability cap that could limit how much BP has to pay in economic damages in the Gulf oil spill. The administration also wants to increase a per-barrel tax on oil companies to replenish a clean-up fund likely to be tapped to pay for the massive spill.
Get the full story: White House: Raise industry fees for clean-up fund.
May 10, 2010 at 10:47 a.m.
Filed under:
Consumer news,
Energy
(AP Photo/Mike Derer)
Associated Press | The average price of regular gasoline in the
United States has jumped more than 7 cents over a two-week period, to
$2.92.
Denver had the lowest average price among cities surveyed at $2.71 a
gallon for regular unleaded. Chicago was highest at $3.22. That’s
according to the national Lundberg Survey of fuel prices released
Sunday.
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May 7, 2010 at 4:04 p.m.
Filed under:
Energy,
Environment
Associated Press | Radioactive water that leaked from the nation’s oldest nuclear power
plant has now reached a major underground aquifer that supplies drinking
water to much of southern New Jersey, the state’s environmental chief
said Friday.
The state Department of Environmental Protection has ordered the Oyster
Creek Nuclear Generating Station to halt the spread of contaminated
water underground, even as it said there was no imminent threat to
drinking water supplies.
The department launched a new investigation Friday into the April 2009
spill and said the actions of plant owner Exelon Corp. have not been
sufficient to contain water contaminated with tritium.
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May 7, 2010 at 7:17 a.m.
Filed under:
Earnings,
Energy,
Green
By Julie Wernau |
Wind turbine manufacturer Broadwind Energy, Inc., based in Naperville,
reported a net loss in the first quarter of $14.1 million on revenue of
$22.2 million due to a decrease in demand for wind farm installations
the company said spread from late 2008 through summer of 2009. That
compares with a net loss of $7.2 million on $53.1 million in revenue
last year.
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