Cleaner air could mean higher electric bills
Electricity prices are probably on their way up across much of the U.S. as coal-fired plants, the dominant source of cheap power, shut down in response to environmental regulations and economic forces.
New and tighter pollution rules and tough competition from cleaner sources such as natural gas, wind and solar will lead to the closings of dozens of coal-burning plants across 20 states over the next three years. And many of those that stay open will need expensive retrofits.
The Energy Department predicts retail power prices will rise 4 percent on average this year, the biggest increase since 2008. By 2020, prices are expected to climb an additional 13 percent, a forecast that does not include the costs of coming environmental rules.
EBay asks users to change password after breach
E-commerce site eBay is asking users to change their password after a cyberattack compromised a database containing encrypted passwords.
The company says there is no evidence of any unauthorized activity and no evidence any financial or credit card information was stolen.
EBay says its investigation is active and it can’t comment on the specific number of accounts affected, but says the number could be large, so it is asking all users to change their passwords. EBay had 145 million active users at the end of the first quarter.
GM adds 218,000 cars
to growing recall list
General Motors has added yet another recall to its growing list.
The recall of 218,000 Chevrolet Aveo subcompact cars is the company’s 29th this year, bringing the total number of recalled GM vehicles in the U.S. to around 13.8 million. That breaks GM’s previous annual record of 10.75 million set in calendar year 2004.
The new recall, posted Wednesday on the National Highway Traffic Safety Administration website, covers Aveos from the 2004 through 2008 model years. The daytime running light module in the dashboard center stack can overheat, melt and catch fire. GM is aware of an unspecified number of fires due to the problem, but the company says it does not know of any injuries or deaths.
Target 1Q profit falls
16 pct as breach takes toll
Target cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada.
The third-largest U.S. retailer, based in Minneapolis, also issued a second-quarter profit projection below analysts’ expectations.
Target also said it doesn’t expect its six straight quarters of traffic declines to reverse this year in what analysts say is the most tumultuous time in its history.
Emily Post Institute updates business etiquette
Much has changed about workplace and business etiquette since Emily Post was dispensing advice herself.
Post died in 1960, but her family has carried on her love of good manners through the Emily Post Institute in Burlington, Vermont. The latest from the Posts is a third edition of “The Etiquette Advantage in Business,” released this month by William Morrow.
Great-great-granddaughter Lizzie Post said an update was needed to take into account the explosion in social media and digital communications, along with a more casual work environment in many fields.