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America's Cup defenders Alinghi have chosen a giant catamaran to meet US rival Oracle's challenge, the team revealed Saturday. The slender craft with two 27.4 metre (90 foot) long hulls is the Swiss team's response to the huge ocean racing-inspired trimaran that Oracle launched last year during the legal battle over the duel, that Alinghi lost. The Cup holders said in a statement it was "the first step in Alinghi’s development process towards the 33rd America’s Cup in February 2010," hinting at the possible date for the duel. The carbon fibre catamaran was pictured inside a tent at the boatyard on Lake Geneva in western Switzerland where the finishing touches are being put ahead of an expected launch around July 8. A giant Russian helicopter is due to airlift the boat into the nearby lake for trials. "This multihull is... [read full story]
Tenneco received $198 million in gross proceeds and approximately $187 million in net proceeds, after expenses, from the sale of its common stock. Tenneco will use the proceeds to repay outstanding borrowings under its...
By PETER A. MCKAY And DONNA KARDOS YESALAVICH Stocks continued their slump early Tuesday afternoon as investors worried about consumer spending and the economy and a possible clampdown on bank lending in China. The S&P 500 was...
HOUSTON--(BUSINESS WIRE)--ATP Oil & Gas Corporation (NASDAQ: ATPG - News) ongoing operations and planned developments will be featured on Wednesday, December 2nd at the Global Energy Conference presented by Canaccord Adams in...
The Electric Car Will Usher in Smart Grid 2.0 1 comment by: Cleantechblog November 24, 2009 | about: and a renewable energy charging infrastructure. The electric car will help make the smart grid relevant to consumers. With...
