Archive for category Business

US companies increasingly fish for growth overseas

In this Jan. 17, 2014 file photo, Apple's CEO Tim Cook, left, gestures as China Mobile Chairman Xi Guohua smiles during a promotional event that marks the opening day of sales of China Mobile's 4G iPhone 5s and iPhone 5c in Beijing, China. Soaring sales of iPhones in China, Russia, India and Brazil during the April-June 2014 period helped Apple overcome softening demand for the device in the U.S. and Europe, where consumers seem to be more interested in waiting for the autumn release of a new iPhone that's expected to feature a larger screen. (AP Photo/Alexander F. Yuan, File)

SAN FRANCISCO (AP) — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.

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Not in my backyard: US sending dirty coal abroad

In this May 22, 2014, photo, a ship is docked at Norfolk Southern's Lamberts Point coal terminal as a man plays golf in Norfolk, Va. As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world, where they could create even more pollution. (AP Photo/Patrick Semansky)

NEWPORT NEWS, Va. (AP) — Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy — and pollution.

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5 things to know about coal trade, global warming

In this May 22, 2014, photo, sunlight reflects off of a chunk of coal at Dominion Terminal Associates' coal terminal in Newport News, Va. As the Obama administration weans the U.S. off polluting fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. (AP Photo/Patrick Semansky)

As the Obama administration weans the U.S. off polluting fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution. Here are five things to know about the issue:

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Not in my backyard: US sending dirty coal abroad

In this May 22, 2014, photo train cars containing coal roll into an unloading facility at Dominion Terminal Associates' coal terminal in Newport News, Va. As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world, where they could create even more pollution. With companies looking to double America’s coal exports, the nation’s growing position in the global energy trade could make global warming worse, fueling the world’s demand for coal when many experts say most fossil fuels should remain in the ground to avert the most disastrous effects of climate change. (AP Photo/Patrick Semansky)

NEWPORT NEWS, Va. (AP) — As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution.

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US exports help Germany increase coal, pollution

ADVANCE FOR MONDAY, JULY 28, 2014, AT 12:01 A.M. AND THEREAFTER - This image provided by Trianel on July 24, 2013, shows an undated aerial view on the Trianel power plant in Luenen, western Germany. The 750-megawatt Trianel power plant relies completely on coal imports, about half from the U.S. Soon, all of Germany’s coal-fired power plants will be dependent on imports, with the country scheduled to halt all coal mining in 2018 when government subsidies end. Coal mining’s demise in Germany comes as the country is experiencing a resurgence in coal-fired power, one which the U.S. increasingly has helped supply. (AP Photo/Trianel, Guenther Goldstein)

LUENEN, Germany (AP) — One of Germany’s newest coal-fired power plants rises here from the banks of a 100-year-old canal that once shipped coal mined from the Ruhr Valley to the world.

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