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IBM, Honda, And PG&E Enable Smarter Charging For Electric Vehicles

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PG&E Corp. (PCG: Quote) announced that International Business Machines Corp. (IBM: Quote) has teamed with American Honda Motor Co., Inc. and Pacific Gas and Electric Company on a new pilot project that will allow communication between electric vehicles or EVs and the power grid. This project will demonstrate and test an electric vehicle's ability to receive and respond to charge instructions based on the grid condition and the vehicle's battery state.

With visibility into charging patterns, energy providers will have the ability to more effectively manage charging during peak hours and create consumer-friendly programs to encourage electric vehicle adoption, PG&E Corp said.

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by RTT Staff Writer

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After turning lower over the course of the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 136 points. U.K. retail sales declined more-than-expected in September, driven by a sharp contraction in clothing sales. Retail sales fell 0.3 percent in September from a month ago, when it rose 0.4 percent, the Office for National Statistics said Thursday. This was the first drop in four months. Economists had forecast a 0.1 percent drop for September. Food sales recovered in September. The private sector in the eurozone logged a marginal upturn in October helped by an improvement in Germany, while France moved deeper into contraction, flash data from Markit Economics revealed Thursday. The headline flash Markit composite output index rose to 52.2 in October from a 10-month low of 52 in September. The score was forecast to fall to 51.5.
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