• Most Popular
  • Most Shared

Reuters Industry Summit

The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    Pennsylvania Gov: Citi bids $12.8 billion for Turnpike

    NEW YORK
    Mon May 19, 2008 1:43pm EDT

    Stocks

       
    The Citigroup sign is seen outside the Citigroup Center in New York, October 1, 2007. REUTERS/Shannon Stapleton

    NEW YORK (Reuters) - A group led by Citigroup (C.N) offered $12.8 billion to lease the Pennsylvania Turnpike and take over its operation and maintenance, though the deal still needs the legislature's approval, Gov. Ed Rendell said on Monday.

    Stocks  |  Bonds  |  Global Markets

    Rendell called the offer by Citi a "slam dunk" because it will raise $150 million a year to improve transportation and allow Pennsylvania to drop plans to get motorists who drive on Interstate 80 to pay tolls for the first time.

    "Citigroup is probably as American an institution as you can find," Rendell told reporters, noting questions had been raised about foreign companies that sought to participate.

    (Editing by Leslie Adler)
    Stocks
    Bonds
    Global Markets


    More from Reuters

    Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

    "Polluters are given rights to continue their dirty habits"

    A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

      Climate Conference
      A farmer carries buckets to collect water as he walks on a dried-up pond on the outskirts of Yingtan, Jiangxi province November 3, 2009. REUTERS/Stringer

      The heat is on

      Farmers in northwest China are living with lost crops, dry wells and frequent droughts. Their resulting poverty is directly linked to climate change.  Full Article 

      Green Business
      Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

      Pictures that defined a decade

      A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

      Pictures