Britain ending financial aid to emerging power India

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Reliability Cornerstones ? Eliminate the Firefighting! Webinar ...

November 10, 2012

Chicago, IL, November 10, 2012 ?(PR.com)? CMMS Data Group announces its latest webinar that will take place on Wednesday, November 14th at 1:00 p.m. CST. Learn how to make firefighting a thing of the past by implementing the following 4 reliability cornerstones in a maintenance department:

Preventive Maintenance (PM)
Predictive Maintenance (PdM)
Maintenance Storerooms
Reporting

PMs ? Ensure that equipment is properly maintained with inspection, lubrication and calibration work orders. If every maintenance department had a good lubrication program, 60-80% of all mechanical failures would be eliminated.

PdMs ? Get notified before a piece of equipment fails by taking advantage of thermography, lubrication analysis, ultrasound, etc.

Maintenance Storerooms ? Ensure that the right parts are available at the right time and are easy to find.

Reporting ? What does not get measured does not get managed.

Once a maintenance department has taken advantage of these 4 reliability cornerstones, a plant will achieve maintenance and reliability success.

Visit the following link to register: clicky.me/reliabilitycornerstone

About CMMS Data Group

CMMS Data Group is a market leader in CMMS software and services, providing time- and money-saving solutions to maintenance and facilities professionals. Led by MVP Plant? CMMS software, the Company's portfolio also includes MP2? Add-Ons, MVP Capture? barcode solution and other products and services designed to increase equipment reliability, employee productivity and overall profitability. For more information, please visit us at: www.CMMSDataGroup.com.

Contact Information:
CMMS Data Group
Nick Kissel
(312) 957-8575
Contact via Email
www.CMMSDataGroup.com

Click here to read the full story: Reliability Cornerstones ? Eliminate the Firefighting! Webinar Announcement

Press Release Distributed by PR.com

Source: http://money.rambergmedia.com/reliability-cornerstones-eliminate-the-firefighting-webinar-announcement/

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How the Election Just Killed Investing in Coal Stocks - Money Morning

In the days following the re-election of President Obama, one particular stock sector seemed to suffer more than most: coal stocks.

The Market Vectors Coal ETF (NYSEARCA: KOL) was down 5% the day after the election and individual coal company stocks were hammered even more. The largest U.S. coal producer, Peabody Energy (NYSE: BTU), dropped by 9% while the second biggest U.S. producer of coal, Alpha Natural Resources (NYSE: ANR) fell by 12%.

The reason behind the declines is the perception in the market that President Obama's re-election will mean further onerous regulation for the beleaguered U.S. coal industry.

Lucas Pipes, an analyst at Brean Capital Carret & Co., told Bloomberg News, "The coal industry has seen increased regulatory oversight from the EPA on a number of issues under Obama's first term, such as stricter permitting requirements in Appalachia and new regulations for emission reductions at utilities."

Earlier this year, for instance, the EPA issued its Mercury and Air Toxics Standards Rule, which is set to go into effect Jan. 1, 2015. It sets strict emissions requirements on utilities.

According to a study from the consultancy Brattle Group, compliance with the rule would cost between $126 billion and $144 billion to retro-fit older coal-fired power plants. Brattle estimates this will lead to a shutdown by utilities of between 59 and 77 gigawatts of coal-fired electricity over the next five years.

This means that between 18.6% and 24.3% of U.S. power will no longer be generated by coal.

Basically, EPA regulations have made coal more expensive to burn. This will reduce coal demand even further as utilities switch to cheaper, cleaner-burning natural gas. Already the share of U.S. electricity supply coming from coal plants has fallen to its lowest level in almost 40 years.

At times this year, coal has lost its position as the country's biggest source of power, falling behind natural gas. Not surprising then that production from the U.S. coal industry has fallen 8% from 2008 to only 266 million tons in the first quarter of 2012.

Source: http://moneymorning.com/2012/11/09/how-the-election-just-killed-investing-in-coal-stocks/

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Rally fades as fears of Washington gridlock return

NEW YORK (AP) ? An early rally faded on Wall Street after President Barack Obama said he would stick to his pledge to seek higher taxes from the wealthy as part of his plan to reduce the U.S. government's budget deficit.

Investors worried that his position, which is opposed by many Republicans in Congress, could augur more political wrangling in Washington and the possibility that Congress won't act in time to avoid a series of drastic spending cuts and tax hikes that are set to kick in at the beginning of next year.

The Dow Jones industrial average had been up as much as 79 points before 1 p.m., when Obama began speaking. Much of the gain came after House Speaker John Boehner made his own remarks on the "fiscal cliff" issue late in the morning.

An hour after Obama's remarks, the Dow's gain was gone. As of 2 p.m. the Dow was down three points at 12,807. Broader market indicators were slightly higher. The Standard & Poor's 500 index was up four points at 1,381 and the Nasdaq composite was up 14 points at 2,910.

The market is coming off its worst two-day slide in a year. The Dow average plunged 434 since President Barack Obama won re-election as investors turned their focus to a deadline at the end of the year for Congress to act on reducing the budget deficit.

If it doesn't, the deep spending cuts and tax increases will occur automatically, potentially derailing the U.S. economy. The Congressional Budget Office said Thursday that the measures, if implemented, would likely push the economy back into recession.

The dimming outlook for Europe also weighed on markets this week. The European Commission, the executive arm of the European Union, slashed its forecast for economic growth in the region Wednesday.

The yield on the 10-year Treasury note rose to 1.62 percent from 1.61 percent late Thursday.

Among stocks making big moves:

? Online deals company Groupon slumped $1.17 to $2.75 after the company disclosed late Thursday that it was hurt by the economic problems in Europe.

? J.C. Penney dropped $1.33 to $20.36 after the company reported a loss that was larger than investors were expecting. Shoppers have been abandoning the store after it got rid of blockbuster sales in favor of everyday low prices.

? Kayak Software surged $8.63 to $39.67 after the company said it had agreed to be bought by rival travel website Priceline.com.

Source: http://news.yahoo.com/rally-fades-fears-washington-gridlock-return-191738999--finance.html

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