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Underground explosions in Ohio blow off manhole covers

February 28, 2014
Reuters - US Online Video / Powered by
Several manhole covers are sent flying into the air after an underground fire rips through downtown Columbus. Linda So reports. Video provided by Reuters

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last updated on 2015-04-21 at 1:01 am EDT

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Explosions from Hash Oil Skyrocket in Colorado

Explosions from Hash Oil Skyrocket in Colorado

AP (May 6, 2014) — The first four months of recreational marijuana sales in Colorado have seen an alarming rise in fiery hash oil explosions and injuries as more pot users try concentrating it at home using simple yet dangerous methods. (May 6) Video provided by AP
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Safety of Air Shipments of Batteries Questioned

Safety of Air Shipments of Batteries Questioned

AP (Dec. 2, 2014) — New U.S. government tests raise concern that bulk shipments of rechargeable lithium batteries carried as cargo on passenger airliners are susceptible to fires or explosions that could destroy the planes. (Dec. 2) Video provided by AP
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Beetle-Shaped Robot on Display in Japan

Beetle-Shaped Robot on Display in Japan

AFP (Aug. 26, 2012) — A large beetle-shaped robot named "Kabutom RX-03", made by Japanese engineer Hitoshi Takahashi, is demonstrated at the Tsukuba Festival in suburban Tokyo. The Kabutom, 11 meters in length and weighing 17 tons, can "walk" with its six legs powered by diesel engines, and can also blow smoke from its nose.
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