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Whiting Petroleum Purchases Kodiak Oil & Gas For $6B

July 14, 2014 9:58 am | by Associated Press | News | Comments

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 Approves Camden Tax Incentives

July 10, 2014 1:29 pm | by Associated Press | News | Comments

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.                    

Silicon Plant Talks Commence In North Carolina

July 10, 2014 1:19 pm | by Associated Press | News | Comments

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.           

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Korean Firm To Pay $2M For Stealing DuPont Secrets

July 10, 2014 1:17 pm | by Associated Press | News | Comments

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.                            

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

Alcoa Helps Lift The Market

July 9, 2014 2:48 pm | by KEN SWEET, AP Markets Writer | News | Comments

Positive earnings news from Alcoa gave the stock market a modest lift Wednesday, helping reverse a two-day decline.                                              

Coal Company Sues Competitor After Breached Deal

July 9, 2014 2:42 pm | by JIM SUHR, AP Business Writer | News | Comments

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.

Oil Boom Boosts State Wage Averages

July 9, 2014 2:33 pm | by JAMES MacPHERSON, Associated Press | News | Comments

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 Tires Find New Lives

July 9, 2014 2:28 pm | by AYE AYE WIN, Associated Press | News | Comments

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.                 

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Plea Hearings Set In Coal Kickback Case

July 9, 2014 2:24 pm | by Associated Press | News | Comments

A federal judge has set plea hearings for 10 men accused of participating in a kickback scheme at an Arch Coal mine in West Virginia.                                        

A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

Freedom Industries To Start Dismantling Next Week

July 9, 2014 2:21 pm | by Associated Press | News | Comments

After running into asbestos problems, the company at the center of a January spill into West Virginia's biggest water supply plans to start dismantling its tanks Monday.                   

Power Plant Component Maker Seeks Multi-Million Tax Incentive

July 9, 2014 2:20 pm | by GEOFF MULVIHILL, Associated Press | News | Comments

A company that makes components for power plants is seeking a $260 million, 10-year New Jersey tax incentive to do business in Camden in a deal that would be the third-most lucrative business incentive package ever from New Jersey's state government.

Entrepreneur Boone Pickens On America's Oil Boom

July 9, 2014 1:35 pm | by CBS News | Videos | Comments

The U.S. now leads the world in oil and natural gas production, putting out 11 million barrels per day. With that new-found success, oil man and entrepreneur Boone Pickens is calling for a new national energy strategy.                 

Oil Down To $103 On Bump In Libyan Supplies

July 9, 2014 11:03 am | by PABLO GORONDI, Associated Press | News | Comments

Oil prices inched down toward $103 a barrel Wednesday as supply concerns dissipated and investors awaited the release of figures on U.S. stockpiles of crude and refined fuels that will be a key indicator of demand.                      

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

Alcoa Reports 2Q Profit, Revenue Flat

July 9, 2014 10:55 am | by Associated Press | News | Comments

The company reported strong results in its engineered-products business, which makes parts for industrial customers, while looking to cut costs in its aluminum-smelting segment.                     

New Paper Processing Plant To Open In Mississippi

July 8, 2014 11:24 am | by JEFF AMY, Associated Press | News | Comments

A Wisconsin company will open a $48 million plant in Hattiesburg, Mississippi, to make paper towels, tissue and other projects, hiring 300 people over five years.                       

ADM Makes $3B Natural Flavor Deal

July 8, 2014 11:16 am | by Associated Press | News | Comments

Archer Daniels Midland already makes sweeteners, fibers, emulsifiers and an array of other ingredients used in packaged foods and drinks. Now it's getting in the business of natural flavors.                           

Ameren To Close Meramec Coal Plant By 2022

July 8, 2014 10:33 am | by Associated Press | News | Comments

Ameren Missouri has told state regulators it will shut down the 61-year-old Meramec coal-fired plant in Oakville by 2022, or possibly sooner pending stricter rules on greenhouse gas emissions.                

4 Manufacturing Software Applications That Support Operational Agility

July 8, 2014 1:00 am | by Greg Goodwin, LNS Research | Blogs | Comments

Chances are, an increased rate of production response to changes in supply and demand is high on your operational wish-list. And you’re not alone. When it comes to increased agility, it’s hard to argue there’s such a thing as too fast, and even small improvements in the ability to quickly ramp production up or down can translate to significant long-term bottom-line gains.

Coal & Gas Waste Treatment Plant Closes

July 7, 2014 10:33 am | by KEVIN BEGOS, Associated Press | News | Comments

A company that treated wastewater from coal mines and gas drilling operations near Pittsburgh has closed and state officials are scrambling to clean up a mess that's still there.                 

3M: $11.2M Upgrade To Begin

July 7, 2014 10:31 am | by Associated Press | News | Comments

A north Alabama chemical facility is getting an $11.2 million upgrade as part of plans for expanded operations that will create 13 new jobs at salaries well the state's median household income.            

Misconceptions Helped Kill Australia's Carbon Tax

July 7, 2014 10:26 am | by ROD McGUIRK, Associated Press | News | Comments

Australia's experience illustrates how easy it is to scuttle complicated environmental laws, and serves as a warning to President Barack Obama, whose recent proposal to force a 30 percent cut in power plants' carbon emissions is drawing anger from both sides of politics.

Steel Imports Undermining American Business During Shale Boom

July 7, 2014 10:16 am | by John D. Oravecz, The Pittsburgh Tribune-Review | News | Comments

The steel industry was expected to benefit greatly from the domestic boom in oil and gas drilling. But the anticipated windfall from supplying drilling companies with tubular steel for oil and gas pipelines is being undermined by a flood of cheap imports. American steelmakers have blamed foreign dumping for causing a severe oversupply and depressing prices.

Honeywell Upgrades Qatar Petrochemicals Expansion

July 2, 2014 12:43 pm | by Honeywell Process Solutions | News | Comments

Honeywell (NYSE: HON) Process Solutions announced that it will supply a new integrated control and safety system for Qatar Fuel Additives Company's (QAFAC) Mesaieed Industrial City plant, 50 kilometers south of Doha.                            

Idled West Virginia Plant Back In Business

July 2, 2014 12:39 pm | by Associated Press | News | Comments

Felman Production is restarting its idled plant in Mason County following an agreement with Appalachian Power on a special electricity rate for the facility.                             

ISM: Manufacturing On Solid Ground For The Rest Of 2014

July 2, 2014 12:26 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | News | Comments

Economic activity in the manufacturing sector expanded in June for the 13th consecutive month, and the overall economy grew for the 61st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.            

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