Reuters – French drugmaker Sanofi-Aventis would be prepared to moderately raise its $69 per share offer for Genzyme if the U.S. biotech agreed to negotiate, Dow Jones reported, citing a person familiar with the matter.
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AP – A U.S.-based think tank is painting a grim picture of the earthquake recovery effort in Haiti, adding its voice to widespread accusations of ineffectual local leadership.
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Reuters – Haitian-American music star Wyclef Jean will announce his bid for president of earthquake-ravaged Haiti this week, Time magazine reported on Tuesday.
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AP – A new report says Turkey has failed to enforce stricter building codes put in place after the deaths of over 18,000 people in an earthquake in the western part of the country in 1999.
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In its latest analysis, the BTM Report discloses that despite the economic downturn and concerns that the subsidy-backed wind industry may founder with the failure of any significant outcomes at Copenhagen, the sector has continued to confound expectations by posting yet another record result.
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U.S. News & World Report – We live in dangerous times, and children often see and hear more than we parents would like. Just the other morning my 7-year-old was asking me what was going on with the American soldiers and Afghan villagers in a photo on the front page of the paper. That was just hours after a 5 a.m. earthquake jolted us awake in Washington, D.C.!
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In any given year, some days stand out as touchstones for an industry, and for clean tech. Tuesday, June 29 was one of them. As the seventh annual Renewable Energy Finance Forum (REFF)-Wall Street opened at the Waldorf-Astoria Hotel in midtown Manhattan, Wall Street itself was beginning one of its worst days of the year. The Dow Jones average plunged 268 points, renewing fears that the U.S. economic recovery, in the words of Bank of America Merrill Lynch managing director Parker Weil, is still “perilous and weak.”
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AP – Haiti has made little progress in rebuilding in the five months since its earthquake, because of an absence of leadership, disagreements among donors and general disorganization, a U.S. Senate report says.
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Bob Cleaves, president and CEO of Biomass Power Association (BPA), via teleconference addressed a report released by the Environmental Working Group (EWG) on biomass fuels that BPA described as misleading. Contrary to the report, Cleaves emphasized that BPA and its members do not advocate harvesting trees for energy production and the vast majority of biomass facilities utilize wood waste material and industry byproducts to produce clean energy.
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