Rock group U2 strikes a carbon chord

The Irish rock band is raising money for the Dora-1 geothermal plant in Turkey by selling Offset Options' carbon offset credits for $1.89 on top of regular concert ticket prices. U2 hopes to raise up to $450,000.

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Empty offices in China; crash looms

Empty buildings are sprouting across China as companies with access to some of the $1.4 trillion in new loans last year are building skyscrapers. There’s a monumental property bubble and fixed-asset investment bubble that China has underway right now.

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Kraft’s Cadbury deal may force cocoa consolidation

Kraft Foods' purchase of Cadbury is likely to have repercussions throughout the cocoa supply chain as a newly created chocolate giant seeks to drive down costs. The new company will be the top player in the chocolate and confectionery industry by revenue, overtaking Mars-Wrigley, and traders and analysts expect it to use its increased clout to achieve promised cost savings.

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