Collapse of one of the world’s largest investment bank, Lehman Brothers has triggered large stock market falls around the globe. Wall Street has seen its worst day since 2001 amid fears about the stability of the financial system.

158-year-old bank Lehman Brothers, announced it was filing for Chapter 11 bankruptcy in the United States.

Lehman suffered billions of dollars worth of losses in the US mortgage markets and was unable to find an investment partner to rescue.

According to FT report

• The wider index closed down 4.7 per cent at 1,192.96 points
• Dow Jones Industrial Average was down 4.4 per cent lower at 10,917.51 points
• Nasdaq Composite index fell 3.6 per cent to 2,179.91 points

Majority of the Lehman Brothers’s 26,000 staff around the world are expected to lose their jobs.

Wells Fargo has been awarded LEED Silver pre-certification for construction of new banking stores that will slash energy use by 20 percent and water consumption by 40 percent. Wells Fargo is one of the first businesses to be pre-certified for LEED construction

Wells Fargo has been pre-certified under the Leadership in Energy and Environment Design (LEED) standards for new construction set by the U.S. Green Building Council (USGBC).

According to the USGBC, buildings are responsible for 39 percent of CO2 emissions in the United States, directly affecting climate change, and use 71 percent of the nation’s electricity every year

Wells Fargo LEED pre-certified prototype means that 20 percent of its buildings will be composed of post- and pre-consumer recycled content, and 75 percent of the wood-based materials used will come from domestic forests and factories that are managed in an environmentally responsible way.

Business process outsourcing industry (BPO) is often divided into two categories: back office outsourcing, which includes internal business functions such as billing or purchasing, and front office outsourcing, which includes customer-related services such as marketing or tech support.

The business process outsourcing industry in India refers to the Services Outsourcing Industry in India, catering mainly to Western operations of MNCs (Multinational Corporations).

According to Nasscom, the Indian IT-BPO industry (including domestic market) recorded an overall growth of 28 per cent (currency adjusted), clocking revenues of $52 billion in FY07-08 up from $39.6 billion in FY06-07.

1. Genpact
2. WNS Global
3. IBM Daksh
4. Aditya Birla Minacs Worldwide
5. TCS BPO
6. Wipro BPO
7. First Source
8. Infosys BPO
9. HCL BPO
10. EXL Service Holdings

All electric power for Caterpillar’s FG Wilson manufacturing plants in Northern Ireland is supplied by Airtricity, a renewable electricity that develops and owns onshore and offshore wind farms.

This is Caterpillar’s first production site to be 100 % supplied by renewable electricity. The companies say the facilities will reduce CO2 emissions by approximately 11,000 tons per year.

CAT was also one of the original members of the U.S. Climate Action Partnership, a group of companies and environmental groups that have called on the federal government to enact strong legislation to regulate greenhouse gases.

[ Caterpillar Runs Plant On 100% Wind Power ]