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  • NAM supports EPA greenhouse gases stance Oct 26, 2006

    The U.S. Supreme Court should not allow the regulation of greenhouse gases under the Clean Air Act, according to a legal brief filed by various business groups.

  • Nymex names Shifrin as new financial chief Oct 25, 2006

    The New York Mercantile Exchange has appointed Kenneth Shifrin as chief financial officer.

  • Delphi’s tube welding technology certified as manufacturing standard Oct 25, 2006

    A deformation resistance welding technology (DRW) developed by Delphi Corp., Troy, Mich., has been certified as a recognized manufacturing process standard for heat exchanger tube-to-tube sheet welding by the American Society of Mechanical Engineers.

  • Panama Canal expansion gets ‘go’ Oct 23, 2006

    Voters in Panama have approved a referendum for a $5.3-billion expansion of the Panama Canal, expected to double the canal’s capacity by 2014.

  • Honda to boost North American output of Civics Oct 23, 2006

    Honda Motor Co. Ltd., Tokyo, said it will boost North American production of its Civic models by up to 60,000 units annually starting early next year, crediting an increase in demand for fuel-efficient passenger cars resulting from higher gas prices.

  • Why it may be time to revisit the ins and outs of the Kyoto Protocol Oct 20, 2006

    Public pressure to control greenhouse gas emissions is increasing, raising the potential for higher production costs for coke and steelmaking operations in the near future.

  • US machine tool orders rebound in August Oct 20, 2006

    U.S. machine tool consumption totaled $300.15 million in August, up 3.4 percent from a revised $290.19 million the previous month and 2.1 percent higher than $294.1 million in August last year, according to a joint report by the American Machine Tool Distributors’ Association, Rockville, Md., and the Association for Manufacturing Technology, McLean, Va.

  • Former Delphi execs face civil fraud charges report Oct 19, 2006

    The U.S. Securities and Exchange Commission is preparing to file civil fraud charges against as many as a dozen former Delphi Corp. executives following a more than two-year probe of accounting fraud involving precious metal inventory disposals, the Detroit News said Thursday.

  • CME could see Nymex as next target traders Oct 17, 2006

    Chicago Mercantile Exchange Holdings Inc. (CME) could look at acquiring the New York Mercantile Exchange once it has completed its just-announced $8-billion friendly takeover of the Chicago Board of Trade (CBOT), traders said.

  • Dura’s bankruptcy risk increases Oct 17, 2006

    Dura Automotive Systems Inc., Rochester Hills, Mich., a specialist in automotive control systems and body parts, including aluminum and steel door assemblies, said it has missed a required note payment, blaming high raw material prices and declining orders.

  • Dura’s bankruptcy risk increases Oct 17, 2006

    Dura Automotive Systems Inc., Rochester Hills, Mich., a specialist in automotive control systems and body parts, including aluminum and steel door assemblies, said it has missed a required note payment, blaming high raw material prices and declining orders.

  • Hayes sells suspension operation Oct 17, 2006

    Automotive parts manufacturer Hayes Lemmerz International Inc., Northville, Mich., has sold its Southfield, Mich., iron suspension components machining plant to a management group that previously purchased its ductile iron foundry.

  • Russia pondering clampdown on energy and mineral asset controls Oct 16, 2006

    Russia is mulling tighter controls over its energy and minerals resources by extending the definition of “strategic” resources and revising the rules governing foreign investors in the sector.

  • Martinrea to pay $275M for TK Budd auto unit Oct 16, 2006

    Automotive parts supplier Martinrea International Inc., Vaughan, Ontario, said it has agreed to purchase the North American automotive body and chassis operations of ThyssenKrupp Budd Co., Troy, Mich., for about $275 million.

  • Arcelor sets sights on Indian auto mart, plans tailored blanks venture Oct 16, 2006

    Arcelor Mittal’s automotive group plans to set up a joint venture to produce tailored blanks for the Indian automotive industry, the company said Monday.

  • USTR’s Kemp Discussion, not enforcement, is way to reach China Oct 13, 2006

    While some politicians in Washington say it’s time to hold China’s feet to the fire on trade issues, there are those that say good can still come from sitting down and talking to the Chinese.

  • Noble grows value chain via $120M Pullman buy, SET deal Oct 13, 2006

    Noble International Ltd., Warren, Mich., has purchased tubular and shaped roll-formed structures manufacturer Pullman Industries Inc., Troy, Mich., for about $120 million, including debt assumption and deferred consideration.

  • US construction activity rebounds in August Oct 13, 2006

    The value of new construction contracts rebounded 3 percent in August to a seasonally adjusted annual rate of $630.7 billion on the back of improved nonresidential building and nonbuilding construction (public works and electric utilities), according to the McGraw-Hill Construction division of the McGraw-Hill Cos., New York.

  • Amaranth names metals holdings Oct 12, 2006

    Embattled hedge fund Amaranth Advisors LLC has disclosed in a filing with the U.S. Securities and Exchange Commission that it owns stock, or options to buy and sell stock, in at least seven metals companies.

  • Samuel widens packaging stance, completes buy of strapping units Oct 12, 2006

    Steel and plastics processor and distributor Samuel Manu-Tech Inc., Toronto, has completed its purchase of the assets and plastic strapping, graphic arts and industrial distribution businesses of three strapping and packaging companies.

  • Superior joins Dow Jones index Oct 12, 2006

    Superior Industries International Inc., an aluminum wheel manufacturer based in Van Nuys, Calif., has been added to the Dow Jones U.S. Select Dividend Index, replacing telecommunications company BellSouth Corp., which is being purchased by AT&T Inc. The change is effective with the opening of trading Oct. 13.

  • Delphi may sell power products unit Oct 11, 2006

    Financially ailing auto parts manufacturer Delphi Corp., Troy, Mich., has designated its power products business, which includes lift gates, deck lids, sliding doors and cinching latches, for possible sale after deciding the segment is a non-core business.

  • Crucible hikes nickel component Oct 10, 2006

    Crucible Specialty Metals, Syracuse, N.Y., will increase the nickel premium used to calculate its surcharges to 38 cents a pound effective with Nov. 1 shipments.

  • IMA postpones European seminar on auto magnesium to April 2007 Oct 10, 2006

    An automotive magnesium seminar slated to be held later this month in Stuttgart, Germany—the first in Europe for the International Magnesium Association (IMA) after 17 seminars in Livonia, Mich.—has been rescheduled to next April.

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