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Shortened title. Full title: Exclusive: Peter Schweizer Reveals Joe Biden’s Son’s Massive Deal with Chinese Company ‘Trying to Steal’ America’s Nuclear Secrets Peter Schweizer, president of the Government Accountability Institute and author of the new book Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends, joined SiriusXM’s Breitbart News Tonight on Monday to detail the involvement of Hunter Biden, former Vice President Joe Biden’s second son, in a China-backed private equity firm’s investment in a Chinese atomic energy company indicted for “nuclear power conspiracy against the United States.”

TOKYO — Toshiba Corp.'s chairman resigned Tuesday after the company logged such massive losses in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up. The company projected a 712.5 billion yen ($6.3 billion) loss for its nuclear business related to the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse. The company also said it will not take on new projects to construct nuclear plants. President Satoshi Tsunakawa said the company also was looking for potential partners to acquire a stake in Westinghouse. He bowed deeply at a news conference to...

The Nuclear Regulatory Commission unanimously approved a radical new reactor design on Thursday, clearing away a major obstacle for two utilities to begin construction on projects in South Carolina and Georgia. The decision, a milestone in the much-delayed revival of plant construction sought by the nuclear industry, involves the (new) Westinghouse AP1000, a 1,154-megawatt reactor design… China is in advanced stages of constructing four units of an earlier version of the AP1000. The first unit is scheduled to go online in 2013, about three years before the first one would begin operating in the United States. Congress has approved $18.5...

Westinghouse Electric Co. said on Tuesday that regulators have affirmed the safety of its AP1000 nuclear reactor design, the last step toward receiving final approval, which the company expects by year-end. The Cranberry-based company said the Nuclear Regulatory Commission will release its final safety evaluation report later this week, which indicates the shield building around the reactor vessel could withstand the impact of an aircraft crash. The structural-strength issue was raised about two years ago, leading Westinghouse to modify the design. The NRC granted initial certification for the design in 2006. "We're in the home stretch to receive final approval...

ROCKVILLE, Md. (AP) — When commercial nuclear power was getting its start in the 1960s and 1970s, industry and regulators stated unequivocally that reactors were designed only to operate for 40 years. Now they tell another story — insisting that the units were built with no inherent life span, and can run for up to a century, an Associated Press investigation shows. By rewriting history, plant owners are making it easier to extend the lives of dozens of reactors in a relicensing process that resembles nothing more than an elaborate rubber stamp. As part of a yearlong investigation of aging...

The Nuclear Regulatory Commission said on Friday that it found additional technical issues with Westinghouse Electric Corp.'s new AP1000 nuclear power reactor design, prompting critics to call for a suspension of the agency's license review process. The commission raised questions regarding the shield building situated over the reactor in the AP1000 design, as well as the peak accident pressures expected within the containment unit. The agency said it would consider what impact the technical issues will have on scheduled AP1000-related application reviews after its staff examines Westinghouse's response. As far back as October 2009, the commission had raised concerns about...

CORVALLIS, Ore. It may seem a mere tangle of pipes and instruments to the untrained eye. To nuclear engineer Jose Reyes, it's a sign of a coming nuclear-power plant revival in the United States with electricity produced more safely and for less money than the atomic behemoths built in the 20th century. This jumble of technology is a one-quarter-scale model of the Westinghouse AP1000 power plant. Reyes heads a team at Oregon State University that built the model to test the AP1000's so-called passive safety systems, under contract with the U.S. Department of Energy and Westinghouse. "We've conducted 20 tests...

YEREVAN, May 3 (Itar-Tass) -- Armenia will build a new nuclear power plant with the capacity of 1,000 megawatt, Finance and Economy Minister Vartan Khachatrian said on Tuesday, after the 12th meeting of the Armenian-U.S. economic cooperation group. He said the new power plant will replace the old one with the capacity of 440 megawatt. The United States objects to building a new nuclear power plant in Armenia for safety reasons, as the country is located in a seismically active zone, U.S. coordinator for Europe and Eurasia Thomas Adams said. Not a single American company will agree to build a...

There is an arm of the Chinese government that has repeatedly aided the nuclear weapons programs of Pakistan and Iran. Now that arm is in line for a $5-billion loan deal from the U.S. government--for the benefit of two major U.S. corporations. The Export-Import Bank of the United States (Ex-Im), an independent federal agency that finances exports, has granted a preliminary commitment for the largest deal in it is history: $5 billion in loans and loan guarantees to the China National Nuclear Corporation (CNNC) to build nuclear power plants. According to U.S. government reports, CNNC has been tied to at...