A new invention that transforms straw into a low-cost building material has won the 2006 Modern Marvel of the Year. The Strawjet, developed by David Ward, could help to not only give farmers boosted income, but could eliminate the need for deforestation.
Although the New York Stock Exchange's CEO failed to discuss it, the reason the exchange is making a play for Euronext is that it needs a backdoor into the global competitive market given the tight reins the U.S. has put on companies through heavy regulation, one writer says.
Investment-banking boutique Keefe Bruyette & Woods said it will pursue an initial public offering. KB&W, which specializes in the financial-services sector, joins Thomas Weisel Partners, Ryan Beck and others hoping to duplicate the success of boutique Greenhill & Co.
Travel analysts predict a record number of innkeepers and cities will offer gas vouchers this summer to attract customers to their destinations. Some lodging businesses and tourism bureaus in the Northwest are already launching such promotions in time for the Memorial Day weekend.
Treasury's John Snow reportedly plans to step down and eventually return to the private sector, according to people close to him. President George W. Bush said Snow has not discussed plans to leave with him, noting, "He's doing a fine job."