TV News LIES

"Extreme market forces" are in play in the global energy sector, oil services company Baker Hughes said Tuesday in announcing widespread layoffs.

The company said it was cutting about 17 percent of its workforce, or around 10,500 jobs, as it works to streamline its finances amid the drop in exploration and production. During the first quarter, Baker Hughes reported revenue of $4.59 billion, a 20 percent decline year-on-year.

"Our first quarter results are a reflection of the extreme market forces faced by our industry since late December," Baker Hughes Chairman and Chief Executive Officer Martin Craighead said in a statement. "Consistent with past downturns, many of our customers have curtailed or canceled projects."

Nissan Motor Co. has reported that Japan now has more places to charge electric vehicles than gas stations. The country has roughly 34,000 gas stations, compared to 40,000 charging points. The charging points range from stations to home setups.

"An important element of the continued market growth is the development of the charging infrastructure," Nissan Chief Financial Officer Joseph G. Peter told analysts on a conference call, according to Bloomberg Business.

A small number of vehicles on U.S. roads are already indirectly powered by the sun. Ostensibly, some of America's electric cars use power derived from solar panels. And the fuel cells that bolster a growing fleet of hybrid cars and buses rely on hydrogen converted by photovoltaic cells.

But America is a liquid fuel kind of nation. To help wean American's off their love of gasoline, researchers at Harvard have found a way to turn solar energy into liquid fuel. It's like gas -- only good for the environment.

For all their graphical improvements and multimedia functionality, there's one place where Microsoft's Xbox One and Sony's PlayStation 4 are sorely lacking: energy efficiency.

This is according to a report released on Thursday from the Natural Resources Defense Council (NRDC), which found that both the Xbox One and the PlayStation 4 consume two to three times more electricity than the previous generation of consoles. The Nintendo Wii U is the only next-gen console that consumes less energy than the Wii that came before it, the NRDC found.

Europe’s top court struck a blow for the "right to be forgotten" Tuesday, ordering Google to delete search results shown to be “inadequate, irrelevant or no longer relevant” at the behest of members of the general public.

In a landmark decision, the Court of Justice of the European Union said the search giant and others must listen and sometimes comply when individuals ask for links to newspaper articles or websites containing personal information to be taken down.

The world's largest solar power plant, made up of thousands of mirrors focusing the sun's energy, has officially started operations in Nevada's Mojave Desert.

The $2.2 billion, 400-megawatt , which covers 5 square miles near the Nevada-California border and has three 40-story towers where the light is focused, is a joint project by NRG Energy, Google and BrightSource Energy. The project received a $1.6 billion federal loan guarantee.

The plant, which went online Thursday, is to power 140,000 homes. It was dedicated by U.S. Energy Secretary Ernest Moniz.