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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Dec 01, 2015

Page

11

AOL President Lord to depart AOL next year

AOL President Bob Lord plans to leave the company early next year after Verizon’s 4.4 billion acquisition. Tim Armstrong sponsored his succession but will stay on for several years, with Lord’s exit shaping AOL’s post merger leadership. Lord helped build AOL’s ad business since joining in 2013.

AOL Lord Bob Lord Tim Armstrong Verizon Razorfish

Investors share climate burden and cautious bets

The UN climate summit sparked activity in firms developing cooling tech but markets show little upside. A Motif Investing basket of 20 climate tech stocks fell 0.7 percent while the PowerShares WilderHill Clean Energy ETF rose 0.5 percent to 4.28 dollars as ministers and leaders push plans in Paris. Despite high level pledges from Gates Obama Hollande, investors see limited near term profitability and a one day rally does not shift sentiment.

Global Warning United Nations Motif Investing Microsoft Bill Gates Obama PowerShares WilderHill Gates Francois Hollande Paris

Climate Stocks Performance and Key Players

The Motif Investing Climate Change portfolio is down 6.7 percent year to date and 1.4 percent last month, underperforming S&P 500 gains. SolarCity has fallen from $7 billion in 2014 to under $3 billion, with debt over $2 billion. Energy Recovery rose 40 percent this year, while FirstSolar gained 27 percent amid profits. Bill Gates and other leaders are cited as potential catalysts for cleaner energy investments.

Motif Investing Standard & Poor PowerShares WilderHill Clean Energy Exchange-Traded Fund Take SolarCity S&p Capital IQ Tesla Elon Musk SolarCity Energy Recovery FirstSolar YTC Pattern Energy Plug Power Covanta Cameco Monsanto SunPower Badger Meter Trina Solar JA Solar Jinko Solar First Solar Ormat Global USA Today

Gates announces Mission Innovation to curb climate change

Bill Gates unveiled a global plan to invest billions in clean energy through Mission Innovation, joined by Obama Hollande and Modi. The initiative includes 20 countries such as France, the United States, India, and Canada, plus 28 investors led by Salesforce’s Marc Benioff and Virgin’s Richard Branson. The aim is to double funding for low or no-carbon energy research and back firms bringing breakthroughs to market via the Breakthrough Energy Coalition.

Paris Microsoft Bill Gates Gates Obama Francois Hollande Narendra Modi France India South Korea Saudi Arabia Australia Canada Norway Marc Benioff Salesforce .Com Virgin Group Richard Branson Alwaleed bin Talal Breakthrough Energy Coalition Forbes

IMF backs yuan as freely usable currency defies rules

IMF admits the renminbi into the major reserve currency basket amid ongoing questions about China’s market openness and political reforms. The decision, backed by Christine Lagarde, signals a move that critics say relies on political considerations and could reshape the role of multilateral institutions.

International Monetary Fund IMF China Beijing Christine Lagarde Europe Greece Lagarde World Bank World Trade Organization

Also Mentioned on This Page

Moneyline FORD Ford Motor Company United Auto Workers Union UAW Mark Fields Staples Office Depot U.S Federal Trade Commission New York Post Office Supply Giants FTC DOW Jones Industrial Marketwatch.com USA Fidelity Investments Paul Trap Gates Touts Washington Delamaide New York Berlin Darrell Delamaide Woo HE European Press Photo Agency
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