Archive for September, 2011
Argentine water in demand amid gold, oil, gas rush
BUENOS AIRES, Argentina (AP) — Argentina is promoting a new era of mining and energy production, welcoming billions of dollars in foreign investment to unlock huge new reserves of natural gas, oil, gold, lithium and other metals once thought to be unprofitable or out of reach. But there’s one factor threatening this resource boom, something politicians and energy executives rarely mention: Huge amounts of fresh water will be required for these operations in a country where water scarcity holds back development and 16 percent of households still lack connections to publicly treated drinking water. To make good on the promised energy wealth from one large Argentine shale oil and gas deposit announced this year, experts say it could take an estimated 38 billion gallons (144 billion liters) of water – equal to the total daily amount of water supplied by public systems to the entire United States.
Kodak shares plunge as bankruptcy fears escalate
ROCHESTER, N.Y. (AP) — Investors dumped Eastman Kodak’s stock amid fears that the photography pioneer is headed toward bankruptcy. The Wall Street Journal rattled Kodak’s already jittery shareholders with a report that the company has hired Jones Day, a law firm that dispenses advice on bankruptcies and other restructuring alternatives.
Colts to start Painter at QB
INDIANAPOLIS (AP) — Curtis Painter will make his first NFL start at quarterback for the Colts at Tampa Bay on Monday night. Kerry Collins is still recovering after suffering concussion-like symptoms last Sunday against Pittsburgh, and his status is uncertain for Monday’s game. The winless Colts had been preparing Painter to start in case Collins couldn’t go and Peyton Manning out until at least December as he recovers from neck surgery.
Diamondbacks coach Baylor faints at Miller Park
MILWAUKEE (AP) — Arizona Diamondbacks batting coach Don Baylor was taken to a hospital after fainting at Miller Park on Friday morning. Diamondbacks general manager Kevin Towers said Baylor had a “fainting episode” after eating breakfast in the clubhouse, and one of the team’s trainers caught him as he fell. Towers said Baylor was taken by ambulance to a hospital, accompanied by members of the team’s medical staff.
Shania Twain testifies against accused stalker
TORONTO (AP) — Canadian country star Shania Twain testified Friday that she has compassion for a man accused of stalking her but remains concerned that he will continue to pursue her. Giovanni Palumbo has been charged with three counts of failure to comply with a court order and criminal harassment. He has pleaded not guilty to the charges
Alcoa declares 3-cent common stock dividend
NEW YORK (AP) — Alcoa Inc. said Friday that its board declared a quarterly common stock dividend of 3 cents. The dividend will be paid on Nov.
