Google to invest in alternative energy
POWER CRUNCH:
The US firm hoped that investment in renewable energy would meet its power needs and that it could sell the excess to other users or license the technology
Google Inc is expanding into alternative energy in its most ambitious effort yet to ease the environmental strain caused by the company's voracious appetite for power to run its massive computing centers.
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Qantas apologizes for price-fixing, will pay US$61m
Australian airline Qantas apologized yesterday for its involvement in a US price-fixing scam and said it had agreed to pay a US$61 million fine.
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Wells Fargo to charge US$1.4bn in mortgage loss
Wells Fargo & Co, the nation's second-largest mortgage lender after Countrywide Financial, said on Tuesday that it would take a US$1.4 billion fourth-quarter charge for losses it anticipated in connection with home loans.
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Brazilian armored car makers find new market
WAR ZONE:
Faced with flat sales at home, companies like HPC are branching out to the Middle East, where their skill in producing protective vehicles is welcome
What do US Special Operations Forces generals in Baghdad and senior bankers in Sao Paulo have in common?
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Nintendo scores zero in greener electronics report
Nintendo Co became the first of the world's biggest computer and electronics manufacturers to score zero points in a report by Greenpeace International measuring company policies on use of toxic chemicals and recycling.
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World Business Quick Take
■ UNITED STATES
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