MIT researchers tested the first prototype of the Seaswarm, a pack of robots that use nanotechnology to suck up oil from the surface of the ocean and for immediate processing. Read more »

It was a big week for news–Old Spice got just about everyone’s attention with their new social media campaign, and BP fixed the oil spill.  We rounded up the best of the best in business news and have them listed below for you.

Gulf Oil Spill Stopped: BP Says Oil Leak Is HALTED [Huffington Post] “BP [...]

Related posts:

1. Resource Nation’s Pick For Top 5 Business St

As oil continues to spill in the Gulf of Mexico, BP is looking towards alternatives such as biofuels. BP announced today that it will acquire the cellulosic biofuels business of Verenium. The $98.3 million deal includes Verenium’s biofuel facilities in Jennings, LA and San Diego, CA. Read more »

India and China have been contemplating the development of domestic shale resources for some years now. Read more »

This morning, there was some ruckus on the Web when Facebook seemingly flat out deleted the Boycott BP page, which has amassed some 734,000 ‘fans’ on the social network so far. Read more »

Between the ongoing saga of the oil spill, and the iPhone 4G release, it was hard to decide this week’s top stories.  Below is a recap of what we found to be the top 5 business stories of the week.

Starbucks CIO Brewing Up Much More than Free Wi-Fi [CIO] “coffee-purveyor Starbucks reversed course on its [...]

Related posts:

1. Resource Nation’s Pick For Top 5 Business Stories

There is no shortage of lessons to take from the BP oil disaster that continues to spew hundreds of thousands of gallons of oil each day.  A short list, for instance, would include environmental responsibility over maximizing corporate profit, the need for accountable government oversight in the affairs of free trade, and the risks of [...]

Related posts:

1. Five Ways to Reduce Your Phantom Electricity

The most recent edition of Grant's Interest Rate Observer has an article entitled "Buy beer, sell bonds". For a moment, I thought it was a call to serious alcohol consumption funded with loads of borrowed money! No such luck. Instead Grant's is bullish on beer stocks (specifically Molson Coors (TAP)) and bearish on bonds (especially Treasuries). Read more »

Chris Damas submits:

Dian L. Chu submits:

Deutsche Bank AG recently noted that commodities will continue to “struggle” as the dollar strengthens and China seeks to restrain growth. Looking at the recent performance between the CRB index, S&P 500 and Legg Mason Emerging Market [LGEMX] would certainly seem to support Deutsche’s view. (Chart 1) Read more »

Top Story

World View

Health, safety and environment (HSE) workers contracted by BP clean up oil on a beach in Port Fourchon, La. Image by United States Coast Guard PO3 Patrick Kelley

Michael Kudrna submits:

With crude oil being pressured and the BP plc (BP) oil leak still flowing strong, the consensus is split on which direction we will trend next. On one side you have skeptics saying to get out before all the markets crash even though CNBC called a bottom last week. Read more »

Read more »

World View

Image courtesy of TechCrunch

World View

U.S. President Barack Obama Image provided by Big News Network

World View

Warren Buffett, CEO of Berkshire Hathaway Image provided by Big News Network

Kelvin Schulle submits:

These days, Solar industry analysts are all over the place-- it really depends on what you want to emphasize. For instance, First Solar's (FSLR) one year price target ranges from $90 to $205, depending who you listen to. Read more »