In the cleverly titled announcement You Say Tomato; We Say Tom-Auto, Ford today announced it has partnered with H.J. Heinz to seek to find a way to use tomato fibers in vehicles. [...] The press release highlighted that researchers at both Ford and Heinz are collaborating to see if tomato fibers -- like dried tomato skins -- can be used for the small storage bins in vehicles or the wiring brackets. [...] Heinz began a partnership with Ford in 2012 as it sought environmentally friendly ways to reuse the peels, stems, and seeds from the 2 million tons of tomatoes used to make Heinz Ketchup each year.
Buffett Ready to Double $15 Billion Solar, Wind Bet (Bloomberg)
Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay. Describing the company’s increasing investment in renewable energy at the Edison Electric Institute’s annual convention in Las Vegas yesterday, Buffett had to rely on a deputy, Greg Abel, to remind him just how much they’d committed: $15 billion.This is Berkshire Hathaway Inc.'s Best Operating Business (Fool Video)
Which Berkshire Hathaway business had the highest EBIT margin in 2013? This might sound like trivia, but it's not -- facts like these can provide insight into some of these companies, and tell you where they might move in the future. In the following video, Motley Fool banking analysts David Hanson and Tyler Riggs discuss this week's "Stock Quiz" and why Berkshire Hathaway is looking to its railroad executive for more answers.
Fight over crude-oil transports through California intensifies (Sacramento Bee)
The fight over the secrecy of crude-oil rail shipments through California intensified Monday. Responding to a federal order, BNSF Railway Co. acknowledged in a report to state safety officials that it’s transporting flammable Bakken crude oil in California, but it continued to vehemently resist releasing information about the shipments to the public. Such information is a trade secret, and only fire responders should be allowed to know, the company says.
Northstar line to resume weekend service after an off-rail Friday (Minneapolis Star-Tribune)
About 2:15 a.m. Friday, 16 empty freight cars in a BNSF train jumped the tracks near Hwy. 10, Alpine Drive and The Links at Northfork golf course in Ramsey, according to BNSF spokeswoman Amy McBeth. No one was hurt. [...] The derailment halted all rail traffic on one of BNSF’s busiest lines as crews cleared the tracks and made repairs. Freight trains were rerouted where possible, McBeth said. [...] Over the past few months, multiple Northstar delays have been blamed on a host of causes — an increase in the number of oil and freight trains, extreme weather and sometimes even track upgrades.
Copper pollution caused life-threatening illnesses in Sauget (Belleville News-Democrat)
A copper recycling company in Sauget [Illinois] allegedly released cancer-causing toxins into the environment for more than 80 years, according to recently filed lawsuits. The lawsuits represents 99 people who have lived near the Cerro Flow Products facility in the 3000 block of Mississippi Ave. in Sauget. The residents are suing Cerro and Marmon Group, a management company, for allegedly causing health conditions and contaminating the environment.
Buffett's reservations about tobacco companies have less to do with investment risk than reputational risk. When Salomon Brothers -- owned by Buffett at the time -- made a bid for RJR Nabisco in the late 1980s, CEO John Gutfreund, asked Buffett to participate in the deal. But Buffett protested, saying: I'm wealthy enough where I don't need to own a tobacco company and deal with the consequences of public ownership, quoted in "Barbarians at the Gate". In April 1994, according to the Chicago Tribune, Buffett told stockholders investments in tobacco are "fraught with questions that relate to societal attitudes and those of the present administration...I would not like to have a significant percentage of my net worth invested in tobacco businesses," said Buffett.
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