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Lapeer Metal Stamping Cos. Inc., which is closing four plants in Michigan on Nov. 1, reportedly is selling off equipment and machinery to other companies and doesn’t plan to resume operations, union officials told local media.
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Although he wasn’t ready to call it a recession, a Federal Reserve economist acknowledged that the U.S. economy is expected to underperform this year and next.
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Although he wasn’t ready to call it a recession, a Federal Reserve economist acknowledged that the U.S. economy is expected to underperform this year and next.
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The U.S. economy may be on the brink of stalling but U.S. growth is still on track to surpass that of many advanced economies in the rest of the world, according to Matthew J. Slaughter, professor of international economics at Dartmouth College’s Tuck School of Business in New Hampshire.
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Lapeer Metal Stamping Cos. Inc., which is closing four plants in Michigan on Nov. 1, is reportedly selling off its equipment and machinery to other companies and doesn’t plan to resume operations, union officials told local media.
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The U.S. economy may be on the brink of stalling but U.S. growth is still on track to surpass that of many advanced economies in the rest of the world, according to Matthew J. Slaughter, professor of international economics at Dartmouth College’s Tuck School of Business in New Hampshire.
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Walter Industries Inc., Tampa, Fla., has beefed up its metallurgical coal coffers with the acquisition of a competitor and the startup of a new longwall in one of its own underground mines.
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U.S. Transportation Secretary Mary Peters has blasted Congress for failing to act swiftly to shore up the federal Highway Trust Fund, which is facing a shortfall.
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Range Resources Corp., Fort Worth, Texas, said its efforts to extract natural gas at the Marcellus Shale development in Appalachia are going better than anticipated.
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Manufacturing metal products in parts of the southern United States is about to become more expensive.
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The manufacturing sector took a huge employment hit in August, with 61,000 jobs slashed, according to government figures.
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Lapeer Metal Stamping Cos. Inc., hit hard by the auto industry’s tailspin, will close four of its stamping and assembly plants in Michigan, according to published reports.
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The Port of New Orleans resumed normal operations Friday after assessing the damage from Hurricane Gustav to some operations, according to port president and chief executive officer Gary LaGrange.
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The United Steelworkers union’s Women of Steel may get two minutes for roughing against the self-proclaimed “hockey mom.”
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The manufacturing sector took a huge employment hit in August, with 61,000 jobs slashed, according to government figures.
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The Port of New Orleans resumed normal operations Friday after assessing the damage from Hurricane Gustav to some operations, according to port president and chief executive officer Gary LaGrange.
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Range Resources Corp., Fort Worth, Texas, said its efforts to extract natural gas at the Marcellus Shale development in Appalachia are going better than anticipated.
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Lazard Ltd., London, has hired Spiro Youakim as a managing director and a senior member of its metals and mining financial advisory team.
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Platinum Equity LLC has closed a $2.75-billion leveraged buyout fund focused on acquiring businesses.
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Workers at Boeing Co. have rejected a three-year contract proposed by the company, but union leaders have postponed a threatened strike as talks continue with the Chicago-based aerospace company, according to Boeing.
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Platinum Equity LLC has closed a $2.75-billion leveraged buyout fund focused on acquiring businesses.
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Schuff International Inc., a Phoenix-based family of companies that provides integrated steel construction services, has purchased a steel fabrication plant in Arizona and certain other assets from Strocal Inc., a Stockton, Calif.-based competitor.
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Worthington Industries Inc.’s Steelpac Systems subsidiary has acquired the assets of Laser Products, a steel rack fabricator primarily serving the automotive industry.
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Strong demand from the industrial, institutional and agricultural sectors and a solid performance by its components and coatings segments helped NCI Building Systems Inc., Houston, post net income of $31.9 million for its fiscal third quarter, a 49.5-percent gain from $21.3 million in the same period last year.