Word: converting
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...more competition is on the horizon. In the past two months, Goldman Sachs, Morgan Stanley, Raymond James, GMAC, American Express and business financier CIT have all applied to convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth...
...This summer, the students from the group traveled to Tanzania with the support of the Harvard Initiative for Global Health and the Idea Translation Lab to experience Africa firsthand and test their technology: microbial fuel cells, devices that convert chemical energy to electrical energy, and light emitting diodes...
...Silver’s lab is trying to use genetically-engineered bacteria to convert sunlight into hydrogen, a clean energy source...
...exploring include asking the Federal Reserve to supply the loans or requiring the banks that the government is currently bailing out to loan the money to the Big Three. As an alternative, Utah Senator Bob Bennett suggested Thursday that those banks getting money from the Treasury be required to convert any carmaker debt that they hold into equity, thereby easing the Big Three's cash crunch...
...resting" boreholes to give the source time to replenish its heat. While the ongoing costs of a geothermal power plant are low - Krafla, for example, has only 15 full-time employees - the start-up technology needed to extract heat from a few miles beneath the earth's surface and convert it to electricity is not cheap. By some estimates, conducting the necessary geologic surveys and exploratory drilling for one plant can take up to eight years and $20 million before the turbines start turning. "The high cost is a barrier to everybody," says Karl Gawell, executive director...