Google (GOOG) wants to move beyond searches for Beyonce and the Tea Party, and expand its investment in clean energy. Bloomberg reports the company is building both the hardware and software for a "smart grid" to help utilities improve the delivery of energy across the country. The idea is to make the grid more flexible so that it can use alternative energy sources such as wind and solar to adjust for the ups and downs in energy usage.
Here on Wall Street on Wednesday, the Dow Jones industrial average (^DJI) fell 102 points -- retreating from Tuesday's record high -- the Nasdaq composite (^IXIC) dropped 6 points, and the Standard & Poor's 500 index (^GPSC) lost nearly 7.
Finally, Coca-Cola (KO) is about to launch a new a cola with a third less sugar and calories than the regular version. But the biggest change is on the outside. The can of Coca-Cola Life isn't the usual bright red Coke is known for -- it's green. The new product has been tested in Argentina and Chile and will go on sale in Great Britain in September. No word yet if it will be sold in the U.S.
-Produced by Drew Trachtenberg.