News bites: Feds probe ethanol access complaints, climate change threatens NYC, and more

The Wall Street Journal reports that the Federal Trade Commission is looking into Capitol Hill allegations that oil companies are thwarting consumer access to ethanol.

Time magazine explores how climate change threatens New York City.

“For coastal cities like New York, Hurricane Sandy was a coming attraction for what is likely to be a very wet and destructive future,” the magazine reports.

Reuters reports that wind turbine giant Vestas ousted its CEO “in an attempt to win back investor confidence after a string of profit warnings and pending lawsuits from angry shareholders.”

Bloomberg reports that natural gas prices are rising “on speculation that a blast of heat across the U.S. Midwest will boost demand from power plants.”