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US Stocks Rise on Rebound in Oil, Strong Company Results

March 20, 2015 12:08 pm | News | Comments

After dropping more than 3 percent Thursday, oil was up $1.39, or 3 percent, to $46.86 a barrel. Energy stocks rose far more than the rest of the market, with the S&P 500 Energy sector up 1.3 percent.

Monsanto to Pay $350K to Settle More Wheat-Related Lawsuits

March 19, 2015 9:41 am | by The Associated Press | News | Comments

The lawsuits relate to the discovery of genetically modified wheat on a farm in Oregon in May 2013. The wheat had not been approved, and after the discovery, Japan and South Korea temporarily suspended some wheat orders.

General Mills Completes Plan to Cut About 800 Jobs

March 18, 2015 3:01 pm | by The Associated Press | News | Comments

The maker of Cheerios cereal, Yoplait yogurt and other packaged foods also reported mixed results for its fiscal third quarter as a stronger dollar pressured sales.

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Oilpatch Firms Selling Stock to Shore up Finances, But Who's Buying?

March 18, 2015 10:54 am | by Lauren Krugel, The Canadian Press | News | Comments

Energy firms have been looking to raise billions in financing by selling big chunks of their own stock — betting that investors smell a buying opportunity.

Greenbrier Shares Find Energy Outside of Energy Sector

March 18, 2015 10:39 am | by The Associated Press | News | Comments

The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much.

ConcoPhillips to Cut Spending, Expects Output Boost

March 17, 2015 5:00 pm | by The Associated Press | News | Comments

The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.

Anti-Graft Probe Targets PetroChina Vice Chairman

March 17, 2015 10:59 am | by JOE McDONALD, AP Business Writer | News | Comments

The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.

DuPont And Salix Are Big Market Movers

March 17, 2015 10:51 am | by The Associated Press | News | Comments

Some of the biggest news from Wall Street.

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Dow Signs on to Develop Massive Wind Farm

March 13, 2015 4:31 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

The farm, which will power Dow’s Freeport Texas Manufacturing plant, will span 35,000 acres and produce enough electricity to power more than 55,000 homes.

Lumber Liquidators CEO Makes Surprising Admission

March 13, 2015 3:08 pm | by CBS News | Videos | Comments

During a conference call, Lumber Liquidators CEO Rob Lynch responded to a "60 Minutes" report that exposed excessive levels of cancer-causing formaldehyde in the glue used to bind the company's wood.

Low Oil Prices, CEO Optimism Fuel Megadeals in Chemicals Sector

March 12, 2015 3:28 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

As a sign of continued strength in the chemicals industry, 2014 was a banner year with the highest recording of mergers and acquisitions volume in a decade.

Chemical Regulations Act Gets a Major Reboot — But Not Everyone is Applauding

March 11, 2015 5:17 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

The intent is to improve consumer safety with updated laws and regulations of toxic chemicals, and on face value, the bill seems to accomplish just that. But not everyone agrees on whether the provisions go far enough.

Saudi King Vows Development, Stability Despite Low Oil Price

March 11, 2015 10:18 am | by ABDULLAH AL-SHIHRI and AYA BATRAWY, Associated Press | News | Comments

Salman, 79, said the kingdom would continue oil and gas exploration, despite crude prices being nearly half of what they were last summer. In an acknowledgement of the kingdom's burgeoning young population, he urged businesses to help create jobs, calling it a national duty.

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Seattle Mayor, Council Seek Review of Shell Drilling Fleet

March 10, 2015 11:33 am | by PHUONG LE, Associated Press | News | Comments

City officials said Monday they want to review whether current permits allow Royal Dutch Shell PLC to lease port property along the Seattle waterfront for its Arctic oil drilling fleet.

Lawmakers Move to Halt New Jersey's $225M Exxon Settlement

March 10, 2015 10:23 am | by GEOFF MULVIHILL, Associated Press | News | Comments

A New Jersey legislative committee advanced a resolution on Monday calling for the rejection of a deal Gov. Chris Christie's administration announced last week to settle a decade-old lawsuit against Exxon Mobil for $225 million, a fraction of what the state previously sought for environmental damage from the oil company.

Miss. Power Says it Has Started Gasifier at Kemper Plant

March 9, 2015 4:43 pm | by JEFF AMY, Associated Press | News | Comments

It's another step by the unit of the Atlanta-based Southern Co. toward moving the $6.2 billion plant to being fully operational by the end of June 2016.

Report: Reshoring to Boost Industrial Construction in 2015

March 6, 2015 2:48 pm | by Andy Szal, Digital Reporter | News | Comments

The Georgia-based group's quarterly forecast suggested lower domestic energy prices and declining overseas competitive advantages make the U.S. "an attractive destination for high value-added manufacturing."

BP signs $12B deal to develop Egypt gas field

March 6, 2015 2:07 pm | by The Associated Press | News | Comments

BP said in a statement that the investment is "a vote of confidence in Egypt's investment climate."

3 Arguments Against Lifting The Crude Ban — That Are Still (Mostly) Bogus

March 6, 2015 9:54 am | by Meagan Parrish, Editor, Chem.Info | Blogs | Comments

With tanks of oil piling up in the U.S., the drumbeat for lifting the crude export ban has been getting louder — but many in Congress are still reluctant to let the ban go. Here are some of the arguments in support of keeping the ban and how they stack up against the facts.

Cost of Iowa Fertilizer Plant Climbs to More Than $2 Billion

March 5, 2015 3:38 pm | by Sioux City Journal | News | Comments

The new plant is projected to triple the company's production of ammonia, a key component of nitrogen-based fertilizer, and help to grow urea and urea-ammonium nitrate production, CF Industries officials said.

Low Oil Prices Are Here to Stay

March 5, 2015 2:59 pm | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | Videos | Comments

The CEOs of both ExxonMobile and BP say low prices will hang around for another year or two — which isn't great news for everyone. 

Unions Lobby Against Giving Obama Trade Authority

March 5, 2015 10:18 am | by Andy Szal, Digital Reporter | News | Comments

Amid ongoing talks over trade pacts with Pacific Rim nations and Europe, the White House sought Trade Promotion Authority, which would require Congress to consider proposed trade agreements without amendments.

Minnesota Republican Knocks Wisconsin Right-To-Work Proposal

March 5, 2015 9:54 am | by Andy Szal, Digital Reporter | News | Comments

Despite widespread support in Wisconsin's Republican-controlled Legislature and the endorsement of right-to-work by the national GOP, one Minnesota Republican harshly criticized the proposed law and invited affected companies to consider moving across the Mississippi River

Dow's Next Big Move — A $6 Billion Manufacturing Expansion

March 5, 2015 9:32 am | by Andy Szal, Digital Reporter | News | Comments

Dow has increased production of ethylene, propylene and derivatives for the packaging industry. The plans will expand the Gulf Coast facilities by 40 percent.

Fallout From Formaldehyde Scandal Continues For Lumber Liquidators

March 5, 2015 9:21 am | by Meagan Parrish, Editor, Chem.Info | News | Comments

A lawmaker is calling for an investigation while the company's stocks have tumbled and they've bowed out of several public appearances. 

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