BP to Acquire Vereniums Cellulosic Biofuels Business for $98.3M; Verenium retaining Enzyme Business

BP and Verenium Corporation announced an agreement for BP Biofuels North America to acquire Verenium’s cellulosic biofuels business, including the facilities in Jennings, LA and San Diego, CA, for $98.3 million. Verenium will retain its commercial en…

Geely Targeting Sales of 2M Vehicles Globally by 2015; Li Shufu to Become Chairman of Board of Volvo

Xinhua. China-based automaker Zhejiang Geely Holding Group Co., Ltd. says that it plans to sell 2 million vehicles globally by 2015.

Victor Young, Director of Public Relations of Zhejiang Geely Holding Group Co. Ltd., said the company has reorgan…

Postal Funding Dilemma a " Stamps VS. Service

Americans are split on the price of postage stamps.A While the United States Postal Service is considering a two-cent rate hike, 49-percent of adults taking part in a Rasmussen Reports poll say that at 44-cents, stamps already cost too much.A Just over…

Demand for i-MiEV in Australia Three Times Greater Than Limited Supply

Mitsubishi Motors Australia Limited (MMAL) has three times as many applicants to lease the i-MiEV electric vehicle as available vehicles at this point, according to MMAL’s CEO and president, Masahiko Takahashi. “We could not have wished for a bet…