green

Five Products Facing Consumer Backlash

Bottled water debate - consumer backlashConsumer history is littered with products, gadgets and items that consumers love to love, only to later hate them. Remember margarine, the Atkins...

Are 'Green' Cleaners Really Green?

green policeSupposedly "green" cleaners may not be as green as you think. You're probably being exposed to chemicals even if you're using presumably eco-friendly...

Some OPEC Members Push for $100 a Barrel Oil

Some OPEC members want oil prices to rise to $100 a barrel to offset the decline in the dollar. The value of the dollar, which has slipped 13% since June against major world currencies, means that the "real price" of oil is about $20 less than current levels, Venezuela%u2019s Energy and Oil Minister Rafael Ramirez said after Thursday%u2019s OPEC meeting in Vienna.

EPA to Raise Limit on Ethanol Concentration in Gasoline

The government will raise the limit on ethanol concentration in gasoline for some cars. The Environmental Protection Agency will raise the limit to as much as 15%, from the current 10%, for vehicles made in 2007 or later, Bloomberg News said without naming its sources.

FTC Proposes Tighter Standards for 'Green' Products

Companies that claim to be environmentally friendly or say their products have certain so-called "green" benefits may face more stringent requirements as far as showing proof of such claims, the Federal Trade Commission said today.

Penske to Sell Nissan-Made Smart Car

Penske Automotive Group, a chain of car dealerships, reached an agreement with Japan%u2019s Nissan Motor Co. (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name. Penske hopes that adding the Nissan-made car, a four-door hatchback, to the Smart line will boost sales, The Wall Street Journal reported. The company already sells a two-passenger minicar made by Daimler AG.

Frito-Lay Scraps Noisy SunChips Bag

Whisper it - Frito-Lay is about to say goodbye to its environmentally-friendly but very noisy SunChips bag. Eighteen months ago, Frito-Lay, a division of PepsiCo (PEP), made lots of noise about a biodegradable SunChips bag made from plant material.

Save money in every room of your house

As fall creeps in and a chill takes over my house at night, I've been contemplating turning the gas furnace on for the first time. But oh, how I've...

The Growing Mismatch Between Jobs and Skills

In the U.S., 52% of companies report problems attracting critical-skill employees. Some of the hottest jobs over the next 10 to 15 years require tech skills that aren't gained at traditional manufacturing jobs. Here are some strategy's for getting those skills.

BP Relief Well Reaches Macondo Well

BP's (BP) relief well reached intercepted the Macondo well, putting engineers in a position to permanently plug the well that spewed out millions of barrels of oil into the Gulf of Mexico.

Oil Prices Near $75 a Barrel in Asia on U.S. Inventories

Oil prices advanced to nearly $75 a barrel in Asia after a report showed that U.S. crude oil inventories dropped more than forecast, suggesting improved demand. Benchmark oil for delivery in October rose 32 cents to $74.99 a barrel late Thursday afternoon Singapore time in electronic trading on the New York Mercantile Exchange, according to The Associated Press.

Unilever Explores Earth-Friendly Alternative to Palm Oil

Cheap, versatile palm oil has long been used as an ingredient in everything from ice cream and chips to lotions and soaps. But its production causes severe environmental damage, which is why Unilever, the world's biggest buyer of palm oil, has decided to try an alternative: oil from algae.

Greek Economy Shrank More than Estimated in Second Quarter

Greece's economy contracted more than previously thought in the second quarter, according to new figures. The country%u2019s statistics agency said that the economy shrank at an annual rate of 3.7% in the second quarter, compared with an initial estimate of a 3.5% decline, The Wall Street Journal reported. The economy contracted 1.8% from the previous quarter, rather than the initial estimate of 1.5%.

BP Says "Multiple Companies" Responsible for Gulf Oil Disaster

A report by BP (BP) says that "multiple companies and work teams" are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean. "It is evident that a series of complex events, rather than a single mistake or failure, led to the tragedy," outgoing CEO Tony Hayward said in a statement. "Multiple parties, including BP, Halliburton and Transocean, were involved."

BP Decides to Pass on Greenland Drilling License

BP (BP) decided not to bid for a license to drill for gas off the coast of Greenland, a move that government officials say could have been influenced by the company%u2019s safety record in the wake of the disaster in the Gulf of Mexico. Premier Kuupik Kleist said Wednesday that safety records are key when approaching the licensing process, according to The Associated Press.

Austerity Could Push Europe Back into Recession, Stiglitz Says

Joseph Stiglitz, a Nobel Prize-winning economist, said Europe risks falling back into recession as governments slash spending in a bid to narrow their budget deficits. "Cutting back willy-nilly on high-return investments just to make the picture of the deficit look better is really foolish," Stiglitz said today, according to Bloomberg News.