Teppco accepted Enterprise’s $3.3 billion bid in a deal that will form the largest U.S. publicly traded energy partnership. http://www.reuters.com/article/innovationNews/idUSTRE55S20X20090629
This week, Peco and PA’s six other large electric utilities will be filing energy efficiency and conservation plans with the Public Utility Commission to comply with the law requiring electric utilities to reduce consumption 3% and cut peak demand 4.5% by 2013. http://www.philly.com/philly/business/20090628_Peco_to_launch_energy-conservation_efforts.html
GM has agreed to take responsibility for future product liability claims. As part of its government-backed restructuring plan, they plan to sell the bulk of their assets to a new company and leave behind unprofitable assets and other liabilities like product-related lawsuits. The hearing for their proposal is scheduled for Tuesday. http://www.chicagotribune.com/business/nationworld/wire/sns-ap-us-gm-bankruptcy,0,4072991.story
Apple’s iPhone 3GS is clearly in high demand- the “availability widget” on their website shows red “sold out” lights for selected 3GS models in all but six states. There are shortages across the board, but they seem to be having a particularly hard time meeting demand for the entry-level white iPhone 3GS. http://apple20.blogs.fortune.cnn.com/2009/06/28/apple-runs-short-of-iphones/?section=money_topstories
The Rendell Administration proposed to cut funding for 47 state run or subsidized programs to make up for the budget deficit. Under this proposal, museums, county fairs, cancer research, funding for mental health and homeless services, college grants, and job-training programs would all be affected. http://www.philly.com/philly/business/homepage/20090627 Penna budget_cuts.html
Today, Obama is urging senators to support the proposed climate and energy bill. He said the bill would create jobs, make renewable energy profitable, and decrease America’s dependence on foreign oil. The estimated cost for the average American would be the price of a postage stamp per day. http://finance.yahoo.com/news/Obama-implores-Senate-to-pass-apf-1369274577.html?x=0&sec=topStories&pos=main&asset=&ccode=
If you’ve been waiting for the lowest airfare for your summer vacation, it may be time to make a move and book your flight. In the past couple of months, fares have dropped while many people held off buying tickets for fear of losing their job or not having enough money for vacation. The 4th [...]
Looking for a get-away that won’t break the bank? Peddler’s Village, located in Bucks County, is the perfect spot for your entire family- grandparents, parents, and children can all find something that sparks their interest. The beautiful scenery, unique shops, delicious restaurants, and activities for the kids, can be enjoyed at an affordable price. A [...]
Delta is discontinuing nonstop service between Philadelphia and Boston which will mean higher fares for Boston-bound air travelers. Starting August 1, only US Airways will fly nonstop to Boston. http://www.philly.com/philly/business/homepage/20090626
New Jersey lawmakers approved a $29 billion budget that addresses the drastically falling revenue by cutting property-tax rebates, raising income taxes, and relying on more than $2 billion in federal stimulus aid. http://www.philly.com/inquirer/local/nj/20090626_Budget_of__29B_approved_in_N_J_.html
