Five months after Cory Booker ended his tenure as mayor to join the U.S. Senate, Newark is struggling with a leadership transition that’s left New Jersey’s biggest city on the brink of a state takeover.
Energy production will increasingly strain water resources in the coming decades even as more than 1 billion of the planet’s 7 billion people already lack access to both, according to a United Nations report.
The Northern California city of Hercules may default on $13 million it borrowed to upgrade its electrical system if bondholders don’t agree to tender the bonds at 90 percent of par value, according to the city manager.
Sweden’s main bank association recommended lenders force more borrowers to pay down their home loans as regulators and the government are working on a “road map” for stricter rules to halt a buildup in consumer debt.
Salesforce.com Inc., the biggest maker of customer-management software, is preparing to put up for sale 14 acres (5.7 hectares) of land in San Francisco’s Mission Bay area, said a person with knowledge of the plans.
Texas power users face potential outages and price volatility as the state’s main grid operator tries to keep up with population and demand growth, an Electric Reliability Council of Texas Inc. official said today.