The U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second and China falling behind. It’s a far cry from the trends over the last few decades and because it’s a rather extraordinary claim, it deserves a little more examination.
The contractor that operates the federal government's underground nuclear waste dump in southeastern New Mexico received a $1.9 million bonus just five days after an underground truck fire closed the facility.
Halliburton Co. (HAL) said Monday that its second-quarter earnings rose 20 percent, and it raised its share buyback authorization to $6 billion.
The acquisition, which is expected to close in September, will give Diamondback an additional 13,136 net acres in the Midland Basin, bringing its total to 85,000 net acres.
A China-based company is opening a methanol manufacturing facility on the Mississippi River in St. James Parish that's expected to create 350 to 400 permanent jobs.
3M will take full control of its Sumitomo subsidiary by acquiring the 25 percent of the company that it doesn't already own for $885 million.
The decision Alaska voters make on an oil-tax referendum next month could have implications for a proposed liquefied natural gas project, the senior project manager said Tuesday, a point deemed a scare tactic by one state lawmaker.
U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.
Fairbanks Gold Mining Inc., which is owned by Kinross, has submitted the request to the U.S. Bureau of Land Management to expand the open-pit gold mine onto federal land.
A company that makes components for power plants that it eventually expects to bring 3,000 jobs to the facility it plans to build in Camden, one of the nation's poorest cities.
An eastern Tennessee county is considering asking the state again for permits that would allow US Nitrogen to build miles-long pipelines to and from the Nolichucky River.
Specialty chemicals company Albemarle is buying counterpart Rockwood Holdings Inc. in a cash-and-stock deal valued at about $6.2 billion.
Alcoa signed a $1.1 billion deal to make jet engine parts for a unit of United Technologies Corp.
North Dakota regulators have approved a $7.9 million pipeline that will supply crude for a diesel refinery under construction near Dickinson.
Q2 2014's global M&A targetting the Energy, Mining & Utilities (EMU) sector recovered from a subdued Q1. Deal value increased 68.8% to US$ 143.8bn with 400 deals, up from 345 deals at US$ 85.2bn Q1 2014 and marking the hitest valued quarter in over a year (Q4 2012 valued at US$ 190.4bn).
ConAgra Foods Inc., the company behind Chef Boyardee canned pasta, said that it bought a Chinese potato processor for $93 million to help it sell more frozen potato products in Asia.
Whiting Petroleum Corp. said Sunday it is buying Kodiak Oil & Gas Corp. for $6 billion in stock, worth $13.90 per share, in a deal that will make it the largest producer in the booming Bakken region of North Dakota and Montana.
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.
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.
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.
Positive earnings news from Alcoa gave the stock market a modest lift Wednesday, helping reverse a two-day decline.
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.
Well-paying jobs in western North Dakota's oil-producing counties helped propel the state's average annual pay by 4 percent last year to almost $48,000, state data show, though the state still hovers slightly below the national average.
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.