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