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Robust conditions over the past few years for the global construction equipment market appear to be softening, according to a research report by Standard & Poor’s (S&P), the New York-based ratings service.
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Alaska Gov. Sarah Palin failed to say “thanks, but no thanks” to thousands of dollars of personal gifts from the state’s mining industry and also doled out a series of major favors to the industry, according to published reports.
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The Precision Metalforming Association (PMA), Washington, has applauded the Senate’s passage of legislation to extend the research and development (R&D) tax credit through 2009, and has called on the House of Representatives to throw its support behind the measure.
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A coal market analyst added a little political gibe with his assessment of an increase in non-traditional coking coal mines during AMM’s Steel Raw Materials Strategies conference in Cleveland.
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PPG Industries Inc. has reached a deal with BASF SE, Ludwigshafen, Germany, to acquire its North American coil and extrusion coatings business (COEX), Pittsburgh-based PPG said.
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General Motors Corp., Detroit, will invest $370 million to build a plant in Flint, Mich., to manufacture its global 4-cylinder engines.
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General Motors Corp., Detroit, will invest $370 million to build a plant in Flint, Mich., to manufacture its global 4-cylinder engines.
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A potential strike by unionized workers that help move goods through the St. Lawrence Seaway could impact raw materials and other shipments to North American steelmakers.
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General Electric Co. (GE) revised its third-quarter earnings guidance Thursday to a range of 43 to 48 cents per share from 50 to 54 cents previously, reflecting “unprecedented weakness and volatility in the financial services markets.”
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General Electric Co. (GE) revised its third-quarter earnings guidance Thursday to a range of 43 to 48 cents per share from 50 to 54 cents previously, reflecting “unprecedented weakness and volatility in the financial services markets.”
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A shareholder lawsuit filed against Quanex Building Products Corp. has been dismissed, the Houston-based manufacturer of engineered materials and components for the building products market said.
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A shareholder class-action lawsuit against Quanex Building Products Corp. has been dismissed, according to the company.
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Metals USA Inc. “didn’t skip a beat” after Hurricane Ike tore through Houston. Employees returned to corporate headquarters Monday after power was restored over the weekend, a spokesman for the Houston-based national service center chain said.
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Russel Metals Inc. has entered into an automatic share purchase plan with a broker to facilitate the repurchase of its common stock.
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Proposed U.S. anti-dumping duty margins vs. Chinese graphite electrodes have been slashed to correct mathematical errors, the U.S. International Trade Administration (ITA) said in a Federal Register notice on Monday.
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Small manufacturers polled by the National Association of Manufacturers (NAM) are optimistic about their overall sales this year as well as export opportunities—but not as bullish as last year.
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Canada’s junior miners are bracing for a flurry of mergers and acquisitions as the credit market chaos and a collapse in their share prices have paralyzed the industry’s ability to raise financing.
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Small manufacturers polled by the National Association of Manufacturers (NAM) are optimistic about their overall sales this year as well as export opportunities—but not as bullish as last year.
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Metalforming companies expect business conditions to weaken somewhat during the next three months, according to the Precision Metalforming Association’s business conditions report for September.
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Canadian National Railway (CN) has petitioned the U.S. Court of Appeals, District of Columbia Circuit, for an expedited ruling ordering the Surface Transportation Board (STB) to render a final decision on the merits of its proposed acquisition of the principal lines of Elgin, Joliet & Eastern Railway Co. (EJ&E).
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Two leading proxy advisory firms have recommended that shareholders in Cleveland-Cliffs Inc. support the company’s management rather than a top hedge fund in a battle over strategy.
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Auto parts suppliers want their cut of a potential $25-billion federal loan program that may be doled out to automakers in a bid to help them retool in the face of more stringent fuel economy standards.
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Higher water levels allowed Great Lakes freighters to carry larger cargoes of iron ore in August.
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A fire has torn through the United Steelworkers union hall in Sudbury, Ontario, destroying a building that has been home to the union and to community events since November 1965.