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Dow Plunges As Energy Market Drags Down

October 9, 2014 5:19 pm | by KEN SWEET, AP Business Writer | News | Comments

Turbulence returned to Wall Street for a third day Thursday, with the Dow Jones industrial average plunging more than 250 points in late afternoon trading. Energy stocks fell sharply as the price of oil dropped again, and Gap's stock plunged after the company announced its CEO was retiring.

California Power Regulator Exits Amid Criticism

October 9, 2014 5:17 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

California's chief utility regulator, under fire over accusations of secret dealings with the state's largest utility, said Thursday he will not seek reappointment when his term ends at the end of the year.                                          

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

Alcoa Q3 Boosted By Higher Aluminum Prices

October 9, 2014 10:12 am | by DAVID KOENIG, AP Business Writer | News | Comments

Alcoa Inc. said Wednesday that third-quarter income soared as higher aluminum prices and lower costs for raw materials boosted its core primary-metals business.                                                       

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Perry Seeks Unlimited Gas & Oil Exports

October 9, 2014 10:09 am | by JEFF AMY, Associated Press | News | Comments

Texas Gov. Rick Perry is calling for unlimited natural gas and oil exports, saying it would help the American economy and aid American allies threatened by Russia's control of European natural gas supplies.                        

PG&E Faces Penalty In Judge-Shopping

October 7, 2014 5:21 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

California should ban all back-channel contacts between the state's largest utility and the utility's state regulators, groups representing rate-payers and others urged a state administrative judge Tuesday after the release of emails showing regulators and utility executives secretly negotiating rate cases and other matters.

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

Industrial Manufacturers Forecast Solid Revenue Growth In Year Ahead

October 7, 2014 11:49 am | by PwC US | News | Comments

Optimism regarding projected company revenue growth increased among U.S. industrial manufacturers during the third quarter of 2014, according to the Q3 2014 Manufacturing Barometer.                               

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.                                          

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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.

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.                              

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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.                               

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.                                         

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.                                     

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