BP chief blames industry for oil supply bottleneck
BP chairman Peter Sutherland said the current price surge stems from underinvestment in production and refining not from speculation or dwindling resources. He cited rising demand from China and other developing nations, with prices peaking at 139.12 a barrel, and warned that political instability in Iraq Nigeria Venezuela and Iran feeds fears of supply disruption while Europe pursues renewables.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
BP PLC
China
Peter Sutherland
Oil Giant’s Board
European Policy Centre Think Tank
Sutherland
Iraq
Nigeria
Venezuela
Iran
Russia
Middle Eastern
Europe
Banks and mills brace as Cedar River rises
Quaker mills with 1100 workers owned by PepsiCo and Swiss Valley Farms dairy coop with about 60 employees prepare for flood. Cedar Rapids banks including Village Bank and Wells Fargo reinforce barriers and close through weekend. Wells Fargo shifts critical data upstairs and pumps operate as sandbagging continues.
MENTIONED IN THIS ARTICLE
First St. NW
Quaker
PepsiCo
Swiss Valley Farms
Davenport
Cedar Rapids
Cedar River
Village Bank & Trust
Third St. SE
Wells Fargo Bank
Third Ave
Mark Long
Cedar Rapids native elected chairman of U S Chamber
Donald Shepard, longtime chairman and CEO of AEGON N V, chosen as chairman of the U S Chamber of Commerce board of directors. The Cedar Rapids native leads AEGON USA and serves on multiple corporate boards. He succeeds Paul Speranza Jr. and will push the chambers competitiveness plan.
MENTIONED IN THIS ARTICLE
Dave DeWitte
Ne Gazette
Donald Shepard
Aegon N.V
U.S. Chamber of Commerce Board of Directors
Aegon USA
U.S
Cedar Rapids
Don
America
Tom Donahue
Shepard
U.S. Chamber
The
University of Chicago
PNC Financial Services Group Inc
CSX Corp
Johns Hopkins University
Paul Speranza Jr
Wegmans Food Markets Inc
U.S. Chamber of Commerce
Corn prices top $7 as Midwest floods hit crop outlook
Corn prices rose above seven dollars a bushel for the first time amid heavy Midwest rains delaying planting in Iowa Indiana Wisconsin and other states. Traders fear a smaller crop pushing costs for livestock feed and raising prices for beef pork and chicken as farmers shift acres to soybeans.
MENTIONED IN THIS ARTICLE
New York
Midwest
Iowa
Indiana
Wisconsin
West
Chicago Board of Trade
CBOT
Whirlpool and FPL shuttle workers amid flood disruption
Whirlpool Corp workers from Middle Amana and Duane Arnold Energy Center staff in Palo will use company shuttles for the final leg to work. Non essential nuclear plant employees were told to stay home due to flood dangers while essential personnel park at a designated location for transport through flood prone routes. The Amana plant operates as employees board buses at the Amana Colonies RV Park. the Duane Arnold center sits near the Cedar River.
MENTIONED IN THIS ARTICLE
the Gazette
Whirlpool Corp
Middle Amana
Duane Arnold Energy Center
Palo
FPL Energy
Renee Nelson
Monica Teague
Teague
Amana Colonies
Cedar River
Whirlpool
Amana
Anheuser-Busch Receives $46 Billion Takeover Offer
Anheuser-Busch Cos the largest U S brewer received an unsolicited bid from InBev SA to buy the company for about 46 billion dollars The offer values the stock at 65 a share well above Wednesdays close of 58 35 The board will evaluate the proposal in light of the companys long term plan and stockholders interests St Louis based workers fear job cuts amid rising industry consolidation and patriotic opposition sites and comments follow the deal news
MENTIONED IN THIS ARTICLE
Anheuser- Busch Brewery
St. Louis
Anheuser-Busch Cos
InBev
Anheuser- Busch Cos
Anheuser-Busch
InBev SA
Anheuser- Busch
United States
U.S
CNBC
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WellsFargo
iShiapanya
Oracle
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Dow Utilities
NYSE
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Russell
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GenElec NY
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Alcoa NY
Hrpt Pro NY
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Ahv
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ProultFin Amex
Ameren
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iShdapn Nya Amex
Provet
AmGapStr Nash
Ishr2k
Nya Amex
Prudent! NY
Long- Aep
IkonOffSol
JohnJn NY
RedRobin Nasd
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Beene Tee Ee Bond Buyer
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BP PLC NY
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Prime Fed
Lehman US Aggregate
BP Pro
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SLM Cp NY
BerkHa A
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AAA
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iMoneyNet,inc
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Fordm
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Weyerh
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Frdgcct G
American Funds
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Fidelity
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Dow Jones American Funds Bonda m
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American Funds Capincbaa m
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Pimco To
Vanguard TotStlAdm
Industrials of American Funds
FundminvAm
Fidelity Bal
Fidelity Puritan
Rowe Price GrowSth
Vanguard TotStidx
American Funds Growamera m
Fidelity Bichgrow
Fidelity Value
Rowe Price MidCpGr
Incamera m
Fidelity Contra
Fidelity Select CommEq
Vanguard 500
Vanguard Welling American Funds
InvCcoAmAm
Fidelity Divrintl
Fidelity Spartan Useqindx
Vanguard WellinAdm
MutualAm
Vanguard 500Adm
Vanguard WndslAdm
Fidelity Eqinc
FrankTemp-Franklin Income A m
Vanguard Europeldx
Vanguard Wndsrll
Newperspa m
Dow Jones
George C. Ford
David.dewitte
Gazcomm.com
Chamber
C.R. Native
Ituclaliluli
Shepard, A
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