| Page 2 of 2 < |
TECHNOLOGY
|
TOOLBOX
   Resize
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging  |
Michael Moody was appointed president, chairman and chief executive to replace Gordon McGilton, the chief executive who left at the end of January. Chief Operating Officer Raymond Pollard left the company Monday to pursue other interests. Francis E. Scheuerell Jr. will serve as interim chief financial officer. He replaces Michael Durski, who left Friday.
REGULATORS
Factories to Be Inspected for Dust
Federal inspections will be carried out at hundreds of plants where combustible dust is a workplace hazard, a top safety official said at a sugar refinery where dust is suspected of causing a deadly explosion.
Ed Foulke Jr., assistant secretary of the Occupational Safety and Health Administration, announced the inspections while visiting the Imperial Sugar refinery in Port Wentworth, Ga., where a blast on Feb. 7 killed 12 workers and injured dozens more. OSHA has not completed its investigation of that explosion but is sending letters to 30,000 companies that deal with combustible dust to discuss the dangers, Foulke said.
ENERGY
Duke CEO Proposes Research Fee
The chief executive of Duke Energy, one of the nation's biggest power producers, proposed tacking a fee on all U.S. electricity to pay for research and development into low-carbon technology.
Jim Rogers, who also serves as chairman and president of Duke, said such a program could generate billions of dollars to fund research into renewable energy, nuclear power and cleaner-burning coal projects. A surcharge of three-tenths of a penny on each kilowatt-hour sold, for example, could generate $11 billion annually for research, he said.
TREASURY BILLS
T-bill rates fell to their lowest levels since 2004. The discount rate on three-month Treasury bills auctioned yesterday fell to 1.79 percent from 2.16 percent last week. Rates on six-month bills fell to 1.81 percent from 2.07 percent. The annualized return to investors is 1.823 percent for three-month bills, with a $10,000 bill selling for $9,954.75, and 1.852 percent for a six-month bill selling for $9,908.49. Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable-rate mortgages, fell to 1.98 percent last week from 2.1 percent two weeks ago.
Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.
