Author: Mark Chediak
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Deadly storm Nate shuts oil platforms on track to Gulf Coast
Tropical Storm Nate, which has already shut oil and gas platforms in the Gulf of Mexico, strengthened as it continued north on a path that’ll bring it ashore in the U.S. by week’s end. Nate was about 115 miles (185 kilometers) northeast of Isla Guanaja, Honduras, with top winds of 45 mph, the U.S. National…
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Toshiba’s record fall highlights U.S. nuclear cost nightmare
Toshiba Corp. plunged by the most on record as the once heralded U.S. nuclear renaissance turns into a nightmare for the Japanese company. The shares fell by 20 percent, the most since 1974, according to available data, to close at 312 yen in Tokyo, following a 12 percent drop Tuesday. Toshiba said it may have…