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Coal Company Sues Competitor After Breached Deal

July 9, 2014 | by JIM SUHR, AP Business Writer | Comments

A leading U.S. coal company is suing a rival with which it shared confidential business plans during a deal that later fizzled, saying the competitor used the proprietary details to buy up land in southern Illinois to thwart the accuser's expansion plans.

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New Jersey Approves Camden Tax Incentives

July 10, 2014 1:29 pm | by Associated Press | Comments

New Jersey officials have approved $260 million in incentives to bring a manufacturing facility and 395 jobs to Camden, a city that ranks among the most impoverished in the country.                    

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Dozens of skeptical citizens on Monday urged West Virginia officials to create meaningful regulatory and enforcement changes following a chemical spill that left 300,000 people without drinking water for days.

Study Shows WV Spill Chemical More Toxic Than Originally Thought

July 10, 2014 1:27 pm | by JONATHAN MATTISE, Associated Press | Comments

A new study shows a chemical that spilled into West Virginia's biggest drinking water supply in January could be more toxic than a previous test indicated.                            

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Drought Drives Texas To Drink Treated Wastewater

July 10, 2014 1:25 pm | by EMILY SCHMALL, Associated Press | Comments

As much of Texas grapples with lingering drought, a second city in the Lone Star State has begun reusing treated wastewater in a state-approved recycling process to bolster drinking supplies.                              

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Pushing For Carp Processing In Peoria

July 10, 2014 1:21 pm | by Associated Press | Comments

Officials in the Peoria area say they're trying to attract an Asian carp processing plant to central Illinois.                                   

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Silicon Plant Talks Commence In North Carolina

July 10, 2014 1:19 pm | by Associated Press | Comments

A North Carolina group plans a meeting Saturday in Iuka to call on local residents to press state regulators to hold a hearing on what it believes is health risks connected to a silicon metal plant under construction in Tishomingo County.           

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Korean Firm To Pay $2M For Stealing DuPont Secrets

July 10, 2014 1:17 pm | by Associated Press | Comments

A South Korean chemical company has agreed to pay $2 million to settle a criminal complaint alleging attempted theft of a competitor's trade secrets.                            

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Industrial Spill Closes Part Of U.S. Capitol

July 10, 2014 9:35 am | by Associated Press | Comments

Officials closed the House side of the U.S. Capitol on Thursday because of an industrial spill.                                            

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Brine Pipeline Leak Cleanup Could Take Weeks

July 9, 2014 2:50 pm | by JOSH WOOD, JAMES MacPHERSON, Associated Press | Comments

Company and tribal officials say a pipeline on North Dakota's Fort Berthold Indian reservation has leaked 1 million gallons of saltwater, with some of the fluid finding its way to a bay that leads to a lake that provides drinking water for the reservation.

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Old Tires Find New Lives

July 9, 2014 2:28 pm | by AYE AYE WIN, Associated Press | Comments

Old truck tires are transformed into rubber washers and bushings for cars and rice mills. Machine parts, buckets and flip-flops — the most popular footwear in the rural areas — are among the biggest sellers for tire recyclers.                 

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Plea Hearings Set In Coal Kickback Case

July 9, 2014 2:24 pm | by Associated Press | Comments

A federal judge has set plea hearings for 10 men accused of participating in a kickback scheme at an Arch Coal mine in West Virginia.                                        

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A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

Freedom Industries To Start Dismantling Next Week

July 9, 2014 2:21 pm | by Associated Press | Comments

After running into asbestos problems, the company at the center of a January spill into West Virginia's biggest water supply plans to start dismantling its tanks Monday.                   

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Surging Permian Basin Formations

July 9, 2014 11:14 am | by U.S. Energy Information Administration | Comments

The Permian Basin in Texas and New Mexico is the nation's most prolific oil producing area. Six formations within the basin have provided the bulk of Permian's 60% increase in oil output since 2007.              

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Lightning Causes Explosion, Fire & Oil Spill

July 9, 2014 11:09 am | by JOSH WOOD, Associated Press | Comments

A lightning strike sparked a fire and explosion that destroyed the third North Dakota saltwater disposal facility in recent weeks, sending thick black smoke billowing into the sky and leaving the smell of oil in the air.                            

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Oil Down To $103 On Bump In Libyan Supplies

July 9, 2014 11:03 am | by PABLO GORONDI, Associated Press | Comments

Oil prices inched down toward $103 a barrel Wednesday as supply concerns dissipated and investors awaited the release of figures on U.S. stockpiles of crude and refined fuels that will be a key indicator of demand.                      

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Authorities are investigating the discovery of a body at a southwestern Indiana aluminum plant.

Alcoa Reports 2Q Profit, Revenue Flat

July 9, 2014 10:55 am | by Associated Press | Comments

The company reported strong results in its engineered-products business, which makes parts for industrial customers, while looking to cut costs in its aluminum-smelting segment.                     

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