Obama pushes new ethanol investments and jobs plan
The Obama administration renewed its commitment to accelerate biofuels funding including loan guarantees and stimulus money for ethanol research. An interagency group will seek more ethanol cars, fueling stations, and job preservation while EPA studies climate impacts of expanding ethanol use, noting varied greenhouse gas outcomes across scenarios.
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Amazon poised to unveil larger Kindle for textbooks and news
Amazon announced a press event at Pace University New York to unveil a bigger Kindle aimed at textbooks magazines and newspapers. The current model priced at 359 offers bookmarking highlighting and wireless article delivery, suggesting a potential shift in digital reading economics for students publishers and readers.
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Destinations Unlimited cites diversification driving success
Hender states the company thrives due to diversification across corporate, vacation, and group travel. She notes technology enables data capture to offer better values and highlights a need to avoid dependence on a single component while leveraging an email blast to reach customers.
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Hender
Destinations Unlimited
Jet cancellation cuts 20 Collins jobs
The suspension of the Cessna Citation Columbus business jet led Rockwell Collins to lay off 20 workers, with seven in Cedar Rapids, twelve in Irvine California, and one in Richardson Texas. Cessna reduced overall production as demand falls and layoffs may total about 700 more by mid June.
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GM plans 1 for 100 reverse stock split
GM announced a reverse split to 1 new share for 100 held, part of a deal with the Treasury. The agreement would hand the government about 50 percent equity for roughly $10 billion in loan forgiveness, with the UAW receiving 39 percent via health care trust stock. GM would issue up to 60 billion shares.
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