Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
The St. Louis-based company posted a loss of $96.9 million, or 46 cents per share, compared with a loss of $72.2 million, or 34 cents per share, in the same quarter a year earlier.
Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.
The state Department of Commerce and Economic Opportunity says that about 12 million tons of Illinois coal was exported in 2013. That's down from the 13 million tons exported in 2012, but far more than the 5.5 million tons exported in 2011 and 2.5 million tons in 2010.
Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.
Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.
A Texas oil company is suing a Utah county over its new ordinances imposing restrictions on underground pipelines.
The Radnor, Pennsylvania-based company said profit increased to $88.9 million, or $1.18 per share, from $84.7 million, or $1.14 per share, in the same quarter a year earlier.
Noble Energy Inc. (NBL) reported earnings that decreased by 49 percent in its second quarter and beat analysts' expectations.
Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2% from 2003, reaching 65 million tons per year (mmty) in 2013, and is expected to continue rising to 86 mmty by 2018, at a slightly higher CAGR of 5.8%, according to research and consulting firm GlobalData.
The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share, in the quarter ending June 30, compared with $1.2 billion, or $1.71 per share, in the same quarter a year ago.
Last year was the third year in a row that North American refineries showed considerably higher profitability than European refineries as measured by earnings per barrel processed.
QR unitholders will receive approximately 72 million common units of Breitburn Energy Partners LP, or 0.9856 of a Breitburn unit, for each unit of QR Energy that they own. The consideration to be received by QR unitholders is valued at $22.48 per unit, a 19 percent premium to Wednesday's closing price of $18.87.
The demand for skilled workers has never been higher as manufacturers struggle to find the talented workforce needed to fill jobs currently available. To combat the talent gap and build a high-performance team, some are increasingly turning to competency models – a structured system to develop the needed knowledge, skills and abilities for specific jobs.
The Chemical Activity Barometer (CAB posted a 0.4 percent increase over June, as measured on a three-month moving average (3MMA). Uncertainty in global energy markets kept the non-adjusted barometer at a slow 0.1 percent gain in June, but provisional data suggest there is room for further expansion in coming months.
According to the American Chemistry Council (ACC), following an upwardly revised 0.5 percent gain in May, the U.S. Chemical Production Regional Index (U.S. CPRI) continued to expand, rising by 0.3 percent in June. Chemical output was higher in all regions.
The price of oil rose Wednesday after the government reported that U.S. oil supplies rose more than expected.
Dow Chemical's second-quarter net income slid 62 percent as the prior-year period benefited from a $2.16 billion payment related to a scrapped joint venture.
The Environmental Protection Agency's fight to clean up water pollution got a splash of pop culture, thanks to an Internet flub involving reality TV star Kim Kardashian.
Exxon Mobil Corp. says it will comply with new protections for gay and transgender employees required of federal contractors, but isn't saying whether it will formalize that wording in its corporate policies.
This issue of IMPO focuses on improving energy efficiency in your facility, takes you inside KitchenAid's stand mixer factory and discusses the best uses for mobility in a manufacturing setting.
Arch Coal says it is idling the Cumberland River Coal Company complex in Wise County, Virginia, and Letcher County, Kentucky.
Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal.
DuPont said profit increased to $1.07 billion, or $1.15 per share, from $1.03 billion, or $1.11 per share, in the same quarter a year earlier.