Paperwork filed to shutter Davis-Besse
FirstEnergy Nuclear Operating Co. on Tuesday filed paperwork with federal regulators as part of the process to shut down the Davis-Besse nuclear plant in northwest Ohio by 2020.
The company filed two license amendment requests with the Nuclear Regulatory Commission to prepare for the permanent removal of nuclear fuel from the reactor and reduced staffing at Davis-Besse once the plant closes.
FirstEnergy Nuclear Operating Co,, also known as FENOC, said it plans to shutter Davis-Besse, near Oak Harbor, by May 31, 2020, barring legislative support and what the company calls meaningful market reforms.
The planned shutdown of Davis-Besse and other FENOC nuclear plants are related to the Chapter 11 bankruptcy filing last year of FirstEnergy Solutions.
Tech companies help boost Wall Street
Technology companies helped lead stocks broadly higher on Wall Street Tuesday as strong earnings reports from several companies put investors in a buying mood.
The rally, which briefly wavered around midday, extended the benchmark S&P 500 index's winning streak to five days.
Investors welcomed the latest batch of solid earnings reports from a range of U.S. companies, including luxury retailers Ralph Lauren and Estee Lauder and media companies Viacom and Walt Disney.
The S&P 500 index rose 12.83 points, or 0.5 percent, to 2,737.70.
The Dow Jones Industrial Average gained 172.15 points, or 0.7 percent, to 25,411.52.
The tech-heavy Nasdaq composite added 54.55 points, or 0.7 percent, to 7,402.08.
The Russell 2000 index of smaller companies picked up 2.69 points, or 0.2 percent, to 1,520.23.
Fiat Chrysler recalls trucks over loose nut
Fiat Chrysler is recalling over 660,000 heavy-duty trucks worldwide because a loose nut can cause a loss of steering control.
The recall covers Ram 3500 pickups from 2013 through 2017, as well as 2500 pickups and 3500 Chassis cabs from 2014 through 2017.
The company says it's aware of eight crashes and one injury that could be related.
Fiat Chrysler doesn't have a date yet for owners to be notified.
Dealers will inspect a steering linkage nut. If it's properly tightened, it will be welded to a sleeve to keep it in place. If it's loose, a steering assembly will be replaced.
Big 3 automakers rolling out new trucks
All three Detroit automakers are rolling out new heavy-duty pickup trucks this year, courting buyers who tow heavy trailers for work or recreation.
The introductions are sure to spark claims about horsepower, torque, towing capacity and payload hauling.
Pickups from Detroit were the three top-selling vehicles in the U.S. last year, totaling more than 2 million in sales. Heavy-duty versions, with bigger frames, beds, interiors and engines, make up about 30 percent of that.