Tag "3"

Wall St. set to open higher on Greek hopes

U.S. stocks closed higher on Monday with the Nasdaq hitting a record high on Greece deal optimism, merger and acquisition activity and better-than-expected growth in existing home sales in May. Darden Restaurants’ shares rose 5.4 percent to $73.1 in premarket trading after the Olive Garden owner said it intends to separate a portion of its real estate assets into a real estate investment trust, proceeds of which will be used

Avian Predator’s Stealth Mode Could Be a Boon to Wind Power

Now scientists want to bring that silence to the world of wind turbines—quieting the noisy rotating monoliths that can irritate neighbors. Scientists at the University of Cambridge are testing a prototype coating. Based on the structure of an owl’s wing, when applied to the blades of wind turbines it could significantly reduce the amount of noise they make.

Environmental groups sue Florida legislature over budget

By Bill Cotterell MIAMI (Reuters) – Three environmentalist organizations sued the Florida legislature Monday, accusing lawmakers of defying a constitutional mandate and short-changing conservation land purchase and water protection projects. The Republican-controlled state House and Senate concluded a special legislative session last week with passage of a $79 billion state budget that left environmentalists upset over lack of funding for what they consider key projects to protect Florida’s water resources,

Ivanhoe Cambridge leads $920 million investment in Chinese developer

By Allison Lampert MONTREAL (Reuters) – Ivanhoe Cambridge, the real estate arm of a top Canadian pension fund, said on Monday that it led a $920 million capital raise in Shanghai developer Chongbang Group, as it and others in its consortium look to Asian markets for higher returns. This is the second institutional capital raising for Chongbang, which was created in 2003 in Hong Kong by Singaporean and Hong Kong