Nissan was charged with unfair labor practices in a battle over whether its plant in Canton, Mississippi, will be unionized by the United Automobile Workers (UAW). The charge was filed by the National Labor Relations Board.
Tesla Inc. (NASDAQ: TSLA) may have a deal to partially operate the batteries at wind farms off the Massachusetts coast. According to Bloomberg:
Deepwater Wind LLC is proposing to pair Tesla Inc. batteries with massive offshore wind turbines as part of a bid to supply the state of Massachusetts with clean energy generated at sea.
The 144-megawatt development would stockpile electricity produced late at night, then deliver it when the grid needs it most, Deepwater Chief Executive Officer Jeff Grybowski said in an interview Monday.
Deepwater submitted its bid last week in response to a request from National Grid Plc, Unitil Corp. and Eversource Energy for about 9.45 million megawatt-hours of annual clean energy supply. The contracts — open to hydro-electric, solar and other forms of clean energy — require the majority of power to be delivered during late winter afternoons and evenings.
Discovery Communications Inc. (NASDAQ: DISCA) has closed a much-rumored deal to buy Scripps Networks Interactive Inc. (NASDAQ: SNI) for $11.9 billion.
BP PLC (NYSE: BP) posted a rare profit, partially because of cost cuts. Net income for the second quarter hit $553 million, compared to a loss of $2.2 billion last year in the same period. The company said the costs of the Deepwater Horizon oil spill, which totaled $60 billion, still plague it.
Another surge in the Dow put it close to the 22,000 mark, at 21,891.
BP said it expects the price of oil to be below $50 next year.