BY KEITH JOHNSON At 9:27 a.m. on June 7, 2011, operators of the Fort Calhoun nuclear-power plant near Omaha noticed flickering lights on their control panels. A couple of minutes later, they heard the fire-extinguishing system kick in. The fire cut off power for 90 minutes to a pool where radioactive spent-fuel rods are stored, and the pool's temperature rose by several degrees. In the end, the fire didn't release any radioactivity or cause major damage to the plant, which was already shut down at the time because of flooding. But Fort Calhoun is a prime example of a problem that has vexed ...BY KEITH JOHNSON At 9:27 a.m. on June 7, 2011, operators of the Fort Calhoun nuclear-power plant near Omaha noticed flickering lights ... Continue reading →
BY GINA CHON, JENNY STRASBURGAND ANUPREETA DAS Capital Research & Management wanted to buy into the Facebook Inc. initial public offering. But days before the IPO, an underwriting bank on the deal warned the big investment firm about Facebook's dimming revenue prospects. The Los Angeles firm, armed with information from a May 11 "roadshow" meeting with underwriters and Facebook, along with similar estimates of its own, slashed the number of shares it intended to buy. The night before trading began, a Capital Research manager told a banker at Morgan Stanley, the lead underwriter, that the deal's pricing was "ridiculous," according to a person familiar with the situation. ...BY GINA CHON, JENNY STRASBURGAND ANUPREETA DAS Capital Research & Management wanted to buy into the Facebook Inc. ... Continue reading →