Advances in coal liquification at Southern Co plant
Researchers at a Southern Co facility in Wilsonville Alabama announced a feasible coal to liquid fuel method. The pilot converts raw coal into a clean burning solvent refined coal, which can be refined into liquid fuel. Federal funds totaling 4.8 million will support scaling to a 100000 barrel daily plant for testing.
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Atlanta
Wilsonville
Ala
Southern Co
William B. Harrison
Southern Co. Services
Cne
Harrison
Electric Power Research Institute
U.S. Congress
International Coal Refining Co
Western
Kentucky
Auto sales rise 30 percent amid incentive programs
Major automakers report a 30.8 percent increase in August early-period sales with the seasonally adjusted annual rate at 7.4 million units. Analysts caution against overstatement, noting last year's period was exceptionally weak. GM posts a 33.9 percent gain, Ford up 24.8 percent, Chrysler up 24.3 percent, while Volkswagen and American Motors show smaller gains or declines in the year-to-date totals.
MENTIONED IN THIS ARTICLE
New York Times
Detroit
Mich
Philip Fricke
Goldman, Sachs & Company
Arvid Jouppi
John Muir & Company
General Motors Corporation
General Motors Acceptance Corporation
Ford Motor Company
Ford
Chrysler Corporation
Volkswagen of America
American Motors Corporation
Chrysler
Volkswagen
American Motors
Tax cuts aid small business in new Congress package
The tax overhaul includes a permanent personal rate cut averaging 25 percent over three years, estate tax relief, accelerated depreciation for plant and equipment, and higher earnings thresholds. It also expands corporate rates relief in the lowest brackets, raises accumulated earnings limits, allows 25 shareholders for subchapter S firms, and eases LIFO inventory rules.
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Washington
Congress
Commerce
Malcolm Baldrige
Governors
Tennessee
Schneier
Baldrige
Federal Express Survives Air Controller Strike At Memphis
Federal Express navigated a partial air controller strike with its Memphis operation keeping 110000 pieces a day moving. Sorting at 700 packages a minute using a $72 million system, the firm avoided widespread delays and kept most flights on schedule.
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New York Times
Memphis
Tenn
Federal Express
Memphis International Airport
Brian Pecon
Federal Aviation
Assenger
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