Also, we have other tobacco markets that are booming. But several observers and analysts told me sudden doom is wishful thinking, and for the time being, those pushing divestment will have to continue to argue morals over money, if they hope to make their case at all. Ford is downplaying a report in today's Wall Street Journal that the car company is discussing closing a plant in Lorain, Ohio and consolidating all its production of the Explorer sport utility vehicle into a factory in St. Louis. He said Ford is always studying alternatives but there are no plans and decisions on plant closings. There was another vivid sign that the long expansion is at a very mature phase.
Higher productivity means employees can earn more without raising the price of products.
The people who run America's oldest operating nuclear power plant have pulled the plug on the facility. Northeast Utilities says it is mothballing the Connecticut Yankee plant because it could save about 100 million dollars by buying power from non-nuclear sources out of state. From the New York desk, Michelle Brier reports. They were run by the same company. After years of improved public perception in a region historically uptight about the industry, nuclear energy was again getting a bad name.