Chubu Electric will acquire a 0.4% stake in the Gorgon liquefied natural gas project -- a Chevron-led venture in Australia -- under an agreement that will be signed by year's end, said Toshio Mita, the utility company's president. The Japanese company is also expected to purchase roughly 1.44 million metric tons a year of LNG from Gorgon starting in 2014 under a separate 25-year contract, Mita added.
AGCO Corp. will open two plants in China next year as part of an effort to take advantage of the country's growing need for farm equipment. The plants will manufacture tractors and other equipment. Executives expect the company's future investments in the Chinese market to approach $100 million.
Researching the competition helps a savvy business site operator stay current and develop ideas for action, says Lisa Barone, chief branding officer at Outspoken Media. Barone looks at 11 online tools that can be used to collect intelligence on rivals and suggests what kind of information businesses should track.
Efforts to curtail climate change must occur on a global level, Caterpillar chief executive Jim Owens said. He also noted that imposing a significant cost on carbon could hurt the steel, aluminum and chemical industries. "If we price those basic industries out of the market, which are the feedstock for other manufacturers like ourselves, then we impede our ability to compete in the world market effectively," Owens said.
For years, Elisabeth Ginsburg has added bags of rich mulch to her garden to ward off weeds. Every year her mulch disappears and she is left with bare patches. "I would love to solve the mystery, but, as with any disturbance in the ecosystem, there is always a chance that the solution might be worse than the problem," she writes. "I really don't want to tangle with thwarted raccoons, angry garden spirits, or even enraged 'Disco Belles.'