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Top Regulator Secretly Asked PG&E To Donate $100K

October 7, 2014 10:51 am | by ELLEN KNICKMEYER, Associated Press | News | Comments

California's largest utility has released an email saying the state's top regulator privately asked the company to donate more than $1 million to support an environmental ballot initiative and separately give $100,000 to a celebration of the utility commission's 100th anniversary.

Freeport-McMoRan Sells 80% Stake In Mine

October 7, 2014 10:35 am | by Associated Press | News | Comments

Freeport-McMoRan Inc. is selling 80 percent of its stake in a copper and gold mine in Chile for at least $1.8 billion.                                          

Chemicals mergers and acquisitions (M&A) activity in the fourth quarter of 2013 saw a large uptick that helped level off 2013 overall deal volume and value, largely in part due to divestitures and mega deals – those valued at more than $1 billion, accordi

The Future Of Chemicals: Managing Complexity & Enabling Growth With Natural Supply Chains

October 7, 2014 1:00 am | by Rohit Singh, Principal, Strategy and Marc Waco, Partner, PwC US Chemicals Advisory Leader | Blogs | Comments

In an increasingly challenging climate, chemical companies are facing shifting market forces and heterogeneous customers. Many are focusing solely on all-out growth or cost-cutting strategies in an attempt to adjust course. But succeeding requires a more innovative strategy. Now more than ever, chemical companies should make the time and resource investments needed to develop new capabilities in natural supply chains.

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3M To Receive $2.5M In Tax Incentives

October 6, 2014 10:24 am | by Associated Press | News | Comments

South Dakota's tax policies and economic incentives were key in persuading The 3M Company to invest $70 million to expand its Brooking plant between now and 2018, the governor and company officials said this week at a ceremony announcing the project.

Chevron Selling Duvernay Stake For $1.5B

October 6, 2014 10:16 am | by Associated Press | News | Comments

Chevron's Canadian subsidiary is selling its 30 percent stake in its Duvernay shaleplay to Kuwait Foreign Petroleum Exploration Co. in a $1.5 billion deal.                                       

Hygiene, Cleaning Product Company Opening Georgia Plant

October 3, 2014 10:32 am | by Associated Press | News | Comments

A Japanese company that makes personal hygiene products and cleaning supplies is planning to expand operations and create 170 jobs in Gwinnett County.                               

North Carolina's environmental agency sought late Monday to delay its own settlement with Duke Energy a week after a busted pipe at one of the company's coal ash dumps spewed enough toxic sludge into the Dan River to fill 73 Olympic-sized pools.

Regulators Order Duke To Refund Customers

October 3, 2014 10:31 am | by GARY FINEOUT, Associated Press | News | Comments

Amid a growing political backlash, state regulators on Thursday ordered one of Florida's largest power companies to give back $54 million it collected from ratepayers to pay for a failed nuclear plant.                              

Dow Chemical To Sell 3 More Businesses

October 3, 2014 10:29 am | by Associated Press | News | Comments

Dow Chemical is looking to sell three more of its businesses for more than $2 billion in proceeds as it continues to try to shed non-core assets.                               

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Pluspetrol Buys Apco Oil & Gas For $427M

October 3, 2014 10:24 am | by Associated Press | News | Comments

Oil and gas exploration and production company Pluspetrol Resources is buying Apco Oil and Gas for $427 million.                                          

Linn Energy Sells Assets For $2.3B

October 3, 2014 10:22 am | by Associated Press | News | Comments

Linn Energy is selling several assets for $2.3 billion, with proceeds likely to be used to finance its purchase of some U.S. oil and gas properties from Devon Energy Corp.                                              

Factory Orders Post Record Drop

October 2, 2014 10:29 am | by Associated Press | News | Comments

Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.                                

Rebuilding After Disaster Strikes

October 1, 2014 1:00 am | by Leon Smith IV, Vice President, Niagara Lubricant Company, Inc. | Articles | Comments

In August 2011, the factory owned by Niagara Lubricant Company, Inc., a Buffalo-area, family-owned business since 1923, went up in flames in a four-alarm chemical fire. Leon Smith IV, Vice President of Niagara Lubricant shares his top five tips for responding to a company disaster that helped the company rebuild and flourish.

Johnson & Johnson Buying Alios

September 30, 2014 10:52 am | by Associated Press | News | Comments

The deal includes Alios' portfolio of potential therapeutics for viral infections including compound AL-8176.                                         

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Talent Shortages? Blame Salary, Not Just Training

September 30, 2014 1:00 am | by Chris Fox, Editor, Manufacturing.Net | Blogs | Comments

As the economy has turned around and employers have been seeking to invest in fresh blood, a consistent tone of unemployable youth has been ringing from the manufacturing and engineering ranks. The skills gap is a growing problem as baby boomers are retiring and green workers are attempting to enter the workforce. 

8 Tips For Maintenance Efficiency

September 29, 2014 1:00 am | by Scott McNeill | Articles | Comments

Manufacturers operate on thin margins, so wringing every drop of efficiency out of equipment is crucial. This is especially important in food manufacturing, where consumers are often price sensitive. In addition, unplanned line stoppages or processing delays can result in scrap or spoilage of high cost ingredients or products. Here are eight simple tips to keep your equipment properly maintained and running smoothly.

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

Judge Leaves Legal Openings For Villagers In Exxon Suit

September 25, 2014 10:34 am | by Associated Press | News | Comments

A federal judge has left a small legal opening for some Indonesian villagers to pursue a lawsuit against Exxon Mobil Corp. for human rights abuses allegedly committed by Indonesian troops guarding an Exxon natural gas field.                                 

America Loses Another Iconic Brand, Sort Of

September 24, 2014 4:19 pm | by Jon Minnick, Associate Editor, Manufacturing, Business Technology | Blogs | Comments

It looks like foreign investors are taking one more slice of Americana pie. News broke this week that Pabst is being sold to a Russian company, which begs the question, “Can we still claim it as our own?”

Businesses Won't Have To Return BP Spill Payments

September 24, 2014 4:08 pm | by JANET MCCONNAUGHEY, Associated Press | News | Comments

BP wants its money back — hundreds of millions of dollars of it — but a federal judge said Wednesday that the oil giant must keep its promises to the companies it compensated for losses they blamed on the 2010 Gulf oil spill.                                            

Shale Supply Chain To Add 233,000 American Jobs

September 24, 2014 12:24 pm | by Energy Equipment and Infrastructure Alliance | News | Comments

Firms supplying goods and services to shale oil and gas producers will create more than 233,00 new American jobs over the next ten years, according to a new report.                                     

Save More, Work Smart: Top 3 Tips For Manufacturers

September 24, 2014 1:00 am | by David Schnitt | Articles | Comments

From managing complex supply chains to executing cost savings improvements, the manufacturing industry must keep a keen eye on the efficiency of their processes in order to be successful. But there is a worrisome trend in the industry: the over-reliance on purchase orders.   

The economic reports this week were mixed with several reports coming in weaker than expected.

Pace Of Growth Slows For Second Consecutive Month

September 23, 2014 4:46 pm | by American Chemistry Council | Articles | Comments

The Chemical Activity Barometer continued to see an easing of growth this month, with a 0.1 percent gain over August as measured on a three-month moving average.                                             

World Liquid Fuels Use Projected To Rise 38% By 2040

September 23, 2014 12:48 pm | by U.S. Energy Information Administration | News | Comments

World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released by the U.S. Energy Information Administration (EIA).

Stocks Drop As China & Oil Weigh On Markets

September 23, 2014 10:31 am | by STEVE ROTHWELL, AP Markets Writer | News | Comments

Worries about the outlook for growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks Monday.                               

P&G Sells Pet Care Business To Spectrum

September 23, 2014 10:24 am | by Associated Press | News | Comments

The Procter & Gamble Co. is selling its Iams and Eukanuba brands in Europe to Spectrum Brands, shedding the remaining parts of its pet care business.                                     

Michigan Attorney General Sues Over Propane Costs

September 23, 2014 10:20 am | by Associated Press | News | Comments

The Michigan attorney general announced Monday he has filed a lawsuit against a propane seller alleging price-gouging last winter, and also noted the state has reached a more than $100,000 agreement with another propane company following hundreds of consumer complaints about pricing and delivery.

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