The large punitive damages award is likely to be reduced due to U.S. Supreme Court rulings that limit the ratio of punitive to compensatory damages to 9:1. The jury awarded a total of $2 billion in punitive damages and $55 million in compensatory damages.
The U.S. ethanol industry has seen good numbers in recent USDA reports, says analyst Pete Meyer of PIRA Energy Group. But as stocks for fuel blending continue to grow, it’s a sign the Memorial Day driving season can’t come soon enough. Read moreRead More »
This past February, in the height of its summer, Cape Town, South Africa, almost ran out of water. Drastic measures were taken when each family in the city of 3.8 million were allotted only 50 liters to use each day — about 12 gallons. Read moreRead More »