Royal Philips NV said the strength of the euro will make 2014 a “challenging” year after the world’s biggest lighting manufacturer reported first-quarter earnings that missed analyst estimates. The stock declined the most since June 2011.
Toshiba Corp. plans to sign at least three partnerships in the next 12 months to manufacture lighting fixtures in Europe as it seeks to become the region’s third-biggest supplier of light-emitting diodes.
Representative Fred Upton, the Michigan Republican leading U.S. hearings into General Motors Co.’s recall of 1.6 million cars, has some of the closest ties to the automobile industry of any member of Congress.
Contractors billed New Jersey $27 for light bulbs, and ran up tens of thousands of dollars in other “unreasonable costs” on a $119 million weatherization program funded with U.S. stimulus money, the state auditor said.
Electricity demand growth is slowing in Texas even as the population and economy expand, the state’s main grid operator said today in a new 10-year outlook that may fuel opposition to a mandatory power reserve proposal.
The Department of Energy would continue to be barred from enforcing new energy efficiency standards for incandescent light bulbs under a planned House amendment that pits bulb manufacturers against the tea party movement.