Updated May 25 at 7:25pm
Energy
186 results total, viewing 161 - 170
Siemens AG is in talks with Mitsubishi Heavy Industries Ltd. about a joint bid to buy Alstom SA’s energy business and counter a $17 billion offer by General Electric Co. more
General Electric Co., which is working to refine its offer for Alstom SA’s energy assets, will present new terms on Thursday as it seeks to thwart a counter bid by Siemens AG, said two people familiar with the matter. more
The average price of self-serve, regular unleaded gasoline jumped 11 cents from last week in Rhode Island, the first increase in six weeks, according to AAA Northeast. more
The financial debacle that has befallen Russia as the price of Brent crude dropped 50 percent in the last four months has overshadowed the one that potentially awaits the U.S. shale industry in 2015. It’s time to heed it, because Saudi Arabia and other major Middle Eastern oil producers are unlikely to blink and cut output, and the price is now approaching a level where U.S. production will begin shutting down. more
The tantalizing promise of offshore wind energy as a growth industry for Rhode Island was again touted by state leaders last week, as several dozen employees at a marine fabrication company in North Kingstown started work on components of the Block … more
Two wind energy companies Thursday won bids to lease more than 354,000 acres of federal waters about 12 nautical miles off Martha’s Vineyard, Mass. more
Apponaug Color & Hobby Shop Inc. opened Thursday for the first time in two days since a blizzard smacked Rhode Island with nearly 20 inches of snow. more
Gasoline prices declined 4 cents in Rhode Island and 2 cents in Massachusetts this week, the third consecutive week of lower prices in both states, according to the weekly survey by AAA Southern New England. more
Per capita consumer spending in Rhode Island grew 9 percent between 2009 and 2012, signifying improved consumer confidence since the Great Recession but lagging New England and U.S. spending growth for the same period, according to U.S. Bureau of Economic Analysis data released Thursday. more
The price of gasoline fell 2 cents in Rhode Island this week and 6 cents in Massachusetts, mirroring a national downward trend despite high-profile conflicts in overseas oil-producing countries and declining domestic refinery production, according to the weekly survey by AAA Southern New England. more
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