it is amazing this car is "not street legal" in toronto canada where it is made. this is blatant suppression of alternative vehicles. ironically the car is street legal in the us and for sale now., $15,000 U.S. do a blog search for my analysis on ZEnn's stock
Monday, June 23, 2008
Large scale electric motoring, Netherlands
Intelligent network delivers breakthrough
Arnhem, 17 June 2008 - Driving a car powered by electricity shifts up a gear with Essent's Project ZER-X. Essent has developed an intelligent network, the Mobile Smart Grid, which makes widescale driving on electric power a reality. In the short term Essent will make use of several hundreds of electric company and passenger cars. The company has recently worked very hard in collaboration with Electric Cars Europe (and their partners InnoSys Engineering and United Momentum Group) to make all the necessary preparations for a large-scale test period during which the electric cars will use the Mobile Smart Grid.
Essent began developing the project last year, under the code name ZER-X. ZER-X stands for Zero Emissie Rijden (Zero Emission Driving), the X stands for the many advantages which driving on electricity has over driving on fossil fuels and the current hybrid vehicles.
High oil prices and environmental issues demand a drastically different approach to transport in the Netherlands. In the Netherlands 20% of all energy is currently used for private and business transport .This transport produces CO2 emissions and fine dust, causes noise pollution and other health risks. Driving on electricity may drastically reduce or even completely eliminate these disadvantages: driving on electricity beats driving on any other fuel in every aspect. CO2 and fine dust levels are dramatically reduced, it is much cheaper and it is easy to recharge ('refuel') in any plug socket.
Company website:
http://www.essent.eu/essent/corporate_english/
Opening View: Analysts Expect 3.5-Billion Dollars in Write-Down for Merrill Lynch
Citigroup (C: 
sentiment, chart, options) this morning revealed plans to cut as much as 10% of its 65,000 employees in its investment-banking division. The first round of pink slips is expected to circulate as early as today, The Wall Street Journal reported. Meanwhile, The Financial Times reported that Goldman Sachs' (GS: sentiment, chart, options) investment-banking division may also cut up to 10% of its workforce.
Elsewhere in the financial sector, Banc of America Securities predicted that Merrill Lynch (MER: sentiment, chart, options) will write down $3.5 billion in the second quarter. The brokerage slashed its quarterly earnings estimate to a loss of $1 per share, compared to previous guidance for a profit of 21 cents per share. Analysts remain concerned about MER's exposure to mortgage-related issues and collateralized debt obligations.
In merger-and-acquisition news, Corn Products (CPO: sentiment, chart, options) agreed to be bought by Bunge (BG: sentiment, chart, options) . Under the terms of the deal, BG will pay $56 per share for CPO – a value of $4.8 billion. Meanwhile, Republic Services Inc. (RSG: sentiment, chart, options) will acquire Allied Waste Industries (AW: sentiment, chart, options) for 0.45 worth a Republic share for each AW share held, valued at $14.04 per share.
The Lundberg Survey reported that the average price of gas has risen 10 cents a gallon over the past 2 weeks. The average national price for a gallon of unleaded regular was $4.10 on Friday – 36.6% higher than a year prior.
Opening View: Analysts Expect 3.5-Billion Dollars in Write-Down for Merrill Lynch
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NYSE Arca Morning Update
Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)
Stock | Friday's Close | Current Price | Pct Chng | Current NYSE Arca Vol |
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CPO | $42.84 | $54.75 | 28% | 74,060 |
10 Most Active stocks on NYSE Arca as of 08:30:00 ET
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NYSE Arca Morning Update
Ag products biz Bunge (BG) buys Corn Products (CPO) for $4.4B: Financial News - Yahoo! Finance
Bunge buys ag products company Corn Products International in $4.4 billion stock deal NEW YORK (AP) -- Agriculture heavyweight Bunge Ltd. will buy Corn Products International Inc. in a stock deal worth about $4.4 billion, the company said Monday.
Two of the nation's oldest agricultural businesses would become one in the deal, in which Bunge would also assume $414 million of Corn Products' debt.
The buyout will combine Corn Products' sweeteners, starches and other ingredients with Bunge's portfolio of agribusiness, fertilizer, edible oil and milling products.
The global market for starches and sweeteners alone is growing at approximately 5 percent each year, and Corn Products has some of the biggest beer and food makers in the world as clients.
Corn Products shareholders will get Bunge stock worth $56 for each Corn Products share under terms of the deal, a 31 percent premium to Corn Products' closing share price of $42.90 on Friday-CPO could be a great gap up fade as it is a 100 percent stock deal. -st0ckman
Ag products biz Bunge buys Corn Products for $4.4B: Financial News - Yahoo! Finance
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Pre-Market Most Active Stocks - NASDAQ Premarket
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Pre-Market Most Active Stocks - NASDAQ Premarket
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