Source: CNBC
News
Feb. 8, 2017
The reduced expectation, disclosed late Monday in documents from the largest U.S. public pension fund, is based on a lower-risk, lower-return asset allocation adopted by CalPERS in September and announced in December. . . Pension analysts are skeptical that funds can keep generating higher returns in the long run. Most funds are cash negative, meaning they are now paying out more money to retirees than they collect from current workers and employers.
News
Jan. 9, 2017
Apple has requested to make finished products in its facility in Mesa, Arizona, according to the document, first reported by Business Insider. Right now, it has permissions to make consumer electronics components there, the filing said.
News
Dec. 30, 2016
"Lithium is a pretty abundant element naturally," Jamie Speirs, a fellow in energy analysis and policy at Imperial College London, told CNBC via telephone. But, though worldwide production of the metal is increasing year on year, he detailed that "the current supply chain will not match up with lithium demand by, say, 2040." . . . "China has a stranglehold on lithium production," Speirs said. "Well organised and professionally run mining companies" make this enterprise profitable, he added.
News
Sept. 28, 2016
The Government of Ontario has announced it is to "immediately suspend" the second phase of its Large Renewable Procurement (LRP II) process and its Energy-from-Waste Standard Offer Program. . . "This decision will both maintain system reliability and save up to $3.8 billion in electricity system costs relative to the 2013 LTEP forecast. The typical residential electricity consumer would save an average of approximately $2.45 per month on their electricity bill, relative to previous forecasts."
News
Sept. 12, 2016
Business Roundtable today released its third quarter 2016 CEO Economic Outlook Survey, and the results continue to underwhelm. Over the next six months, CEOs report lower expectations for sales, roughly unchanged plans for hiring, and nearly flat plans for capital spending.
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