Word: ag
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...energy," says Dieter Salomon, the lord mayor. "A lot of people, especially from Asia, come to see what we're doing." And Freiburg is doing a lot. Some 3% of the city's electricity comes from renewable sources, such as solar and wind power. The local power company - badenova AG & Co., which is partly owned by the city - has around 8 million kW-h of solar energy capacity, enough to power some 2,000 homes a year. Salomon's goal is to raise that figure to 10% by 2010. Freiburg's green credentials have made the city the largest solar...
...tools worldwide, says Jay Baron, president of the Center for Automotive Research; marketing assembled cars is the next logical step. A common Chinese auto strategy has been to join forces with foreign firms to develop the home market. The Shanghai Automotive Industry Corp. has partnered with GM, and DaimlerChrysler AG is raising its stake in a venture with Beijing Automotive Industry Corp. to 50%, up from 42%. The converse is happening as Chinese makers aim for the 16.9 million-- vehicle U.S. market. The first player may be Chery, based in Wuhu City, which is partnering with Visionary Vehicles, a distributor...
...Action Now: Darfur” (STAND), the activist group that pressed the university to divest, has not called on the school to sell its stake in two other firms that carry on joint ventures with the Sudanese government–French communications company Alcatel and German engineering giant Siemens AG...
...road to the ag lifestyle was not exactly a straight one. Tractor Supply Co. was founded in 1938 as a haven for farmers who needed tractor parts (hence the catchy name). Over the next four decades, TSC strayed off the farm and started peddling everything from sporting goods to Crock-Pots. In the 1970s, conglomerate Fuqua Industries acquired TSC, further diluting the retailer's focus. Scarlett participated in a leveraged buyout in 1982 and floated TSC as a public company in 1994; he owns 14.5% of the common stock, worth about $233 million today...
...Siemens AG, Kleinfeld, 47, has wasted no time: two months on the job and already two acquisitions valued at more than $2.5 billion, bulking up the company's medical and automation businesses. A 19-year Siemens veteran, including three years running its U.S. operations, Kleinfeld is known for his cross-cultural savvy--a true next-generation European CEO. The rumor mill is spinning that his next deal could be with a cell-phone handsetmaker to fill the one gap in Siemens' communications portfolio. By Coco Masters