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Home>News Highlights: Top Energy News of the Day

News Highlights: Top Energy News of the Day

News Highlights: Top Energy News of the Day


 Alstom, Siemens Announce Merger to Create European Train Business 

German industrial giant Siemens agreed to merge its rail operations with French train maker Alstom SA, aiming to create a European giant with the scale to fight growing competitive threats from state-backed Chinese rivals.

 Westinghouse Says Vogtle Nuclear Plant Owners Are Angling for Oversized Recovery 

Westinghouse Electric says Georgia Power and other owners of the Vogtle nuclear power plant are angling to get an outsize share of a potential recovery in the company's chapter 11 bankruptcy.

 Toyota to Start Making Hybrid Engines in U.S. 

Toyota Motor Corp. said it will start production of its first American-made electric-gas hybrid engines, the latest in a series of investments by foreign auto makers to expand operations in the U.S.

 Dyson Says It Is Developing Electric Car 

Dyson, the British technology company known for its high-end vacuum cleaners and ubiquitous hand dryers, said it was developing an electric car to hit roads by 2020 or 2021.

 U.S. Challenges Parker Hannifin's Acquisition of Clarcor 

The Justice Department filed an antitrust lawsuit challenging Parker Hannifin Corp.'s $4.3 billion acquisition of Clarcor Inc. that closed in February, alleging the deal created an unlawful monopoly.

 U.S. Crude-Oil Supplies Seen Increasing in DOE Data 

U.S. crude-oil inventories are expected to show an increase of 2.1 million barrels in data due Wednesday from the Department of Energy. Gasoline stockpiles are expected to show a decrease of 1 million barrels on average.

 Oil Prices Retreat After Entering Bull Market 

Oil prices fell as some investors took profits after U.S. crude entered a bull market on Monday.

 Brazil Lets In Big Oil Firms After Keeping Them Out for a Decade 

With this week's crude auction, Brazil will begin reversing what industry officials say was a disastrous decision in 2007-but it won't generate what it could have made then.

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