In a coal hole: Australian mining and power

Article Abstract:

Western Australia's State Energy Commission hoped to negotiate a deal with local mining companies that would make building a coal-fired power station affordable. However, talks between plant contractor Asea Brown Boveri and mining companies are failing.

Motors and generators, Planning, Economic aspects, Economic policy, Coal industry, Electric power-plants, Electric power plants, Western Australia, Coal conversion, ABB Inc., Western Australia, Australia

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Roiled: American futures markets

Article Abstract:

The Commodities Futures Trading Commission has issued a complaint against the Chicago Board of Trade charging that the board failed to notify the agency of problems with the financial records of Stotler, a futures brokerage that went under in Aug 1990.

Security and commodity exchanges, Cases, Futures market, Futures markets, United States. Commodity Futures Trading Commission, Board of Trade of the City of Chicago Inc., Stotler Financial Corp.

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Felled by finance: Westinghouse

Article Abstract:

Westinghouse chairman Paul Lego announced plans to cut the company dividend for the first time in over 40 years. The financial problems of the company and i ts subsidiary Westinghouse Financial Services Inc are detailed.

Household refrigerators and freezers, Management, Finance, Corporations, Corporate finance, Westinghouse Electric Corp., WX, Lego, Paul E., Westinghouse Financial Services Inc.

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