A New Jersey company has announced plans to invest $42 million in a west-central Iowa wind farm. The project will go up in Carroll County and have a capacity of 20 megawatts. The company, NJR Clean Energy Ventures, is a subsidiary of Wall, N.J.-based New Jersey Resources. It has made a 25-year power purchase agreement with Des Moines-based MidAmerican Energy. The wind farm is expected to be operational by spring 2015.
Cargill has added wording to its ground beef package labels to say whether they include the product that critics have called “pink slime.” Cargill says bulk packages and some ground beef chubs bear labels that say, “Contains Finely Textured Beef,” the Lincoln Journal Star reported. Another company that makes the product, Beef Products Inc., sued ABC News after ABC aired a story that used the term “pink slime.” The company says ABC’s story misled consumers into believing the product is unhealthy and unsafe. The company, based in South Dakota, says it lost business and had to close plants in Texas, Kansas and Iowa. It kept open a Nebraska plant.
Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors. The Wall Street Journal reported that Apple Inc. CEO Tim Cook said that the company was “surprised” when its stock dropped 8 percent the day after its earnings report and revenue outlook. He told the newspaper he wanted to be “aggressive” and “opportunistic.”
Steve Idelman, chairman and CEO of Solutionary of Omaha, will speak at the 7 a.m. Feb. 27 breakfast meeting of the Association for Corporate Growth, held at Happy Hollow Country Club, 1701 S. 105th St. Register by Feb. 24 at acg.org/nebraska/events.