From Russia with cash: Billionaire Prokhorov to buy New Jersey Nets, move team to BrooklynEAST RUTHERFORD, N.J. — The NBA has truly gone global. Large-scale development for Maine’s Moosehead Lake region given final OK by state regulatorsBANGOR, Maine — A sprawling resort and residential development at the gateway to Maine’s North Woods that would be the largest of its kind in the state won a state planning board’s unanimous approval Wednesday. Shares of coal mining companies fall as analyst forecasts diminishing China demandDENVER — Shares of coal mining companies fell Wednesday after an analyst downgraded the sector, predicting China’s demand has diminished as it has built an excess inventory of steel. Potato farmers work hard to get their products looked at by McDonald’s for french friesKIMBERLY, Idaho — From the fields of Idaho to tasting rooms in suburban Chicago, potato farmers, researchers and industry representatives are in the midst of an elusive hunt: finding a new spud for McDonald’s french fries. London-based Rio Tinto sells Alcan Composites to Swiss Schweiter Technologies for $349 millionMELBOURNE, Australia — Anglo-Australian mining giant Rio Tinto has advanced its debt reduction plans by selling building materials manufacturer Alcan Composites to Swiss machinery producer Schweiter Technologies for $349 million, the two companies said Tuesday. A. Shulman expands capacity at Mexican plastics plant by 5 million poundsAKRON, Ohio — A. Shulman Inc. said Monday it is expanding the manufacturing capacity of its plastics factory in San Luis Potosi, Mexico. New ways to think about post-meltdown investing: Diversify more broadly, raise skepticismBOSTON — Stocks always rise over the long haul. Bonds are for retirees and investors with little taste for risk. Companies rarely cut their dividends. AIG shares gain over 20 percent after talk of bailout revamp between key lawmaker, GreenbergWASHINGTON — Shares of American International Group Inc. jumped more than 20 percent Monday after the head of the House Committee on Oversight and Government Reform said that panel will examine a plan to reduce the company’s massive bailout package. Congressional investigators find AIG improving, but may never fully repay bailout fundsWASHINGTON — Despite some progress, congressional investigators on Monday cast doubt on whether efforts by American International Group Inc. to restructure its operations and pay back the government will ever prove successful. Uruguay defends itself at World Court against allegation of polluting river with pulp millTHE HAGUE, Netherlands — Uruguay denied Argentina’s claims at the United Nations’ highest court that a pulp mill on a river separating the two countries is polluting the air and water, saying Monday it meets environmental protection standards. Fertilizer seller Potash Corp. lowers 3Q, ‘09 profit estimates on weak sales volumesSASKATOON, Canada — Potash Corporation of Saskatchewan Inc., a Canadian fertilizer seller, said Friday that its third-quarter and 2009 yearly profit would be lower than it had predicted earlier. Fla. treasure hunters will cooperate with British government on famous shipwreck salvageTAMPA, Fla. — Florida deep-sea explorers said Friday that they will work with the British government to salvage artifacts from centuries-old shipwreck of a heavily armed vessel, and the company may continue to make money under the agreement. Farmers plant tillage radishes to nourish, soften up fields; chance to cut fertilizer useANNA, Ohio — White radishes are taking root on Tony Luthman’s farm, the start of what he hopes will create a welcome mat for the corn he plants in the spring. Students protest coal-burning campus power plants, urge colleges to increase green energy useCOLUMBIA, Mo. — College students from Missouri to Oregon are urging their schools to stop using coal-based electricity in favor of cleaner energy sources ranging from wood chips to geothermal power. U of Wash student finds rare carved gemstone at Israeli archaeological digSEATTLE — A University of Washington student on an archaeological dig in Israel has discovered a 2,300-year-old gemstone carved with a portrait of Alexander the Great. Manufacturers lead early stages of recovery, outlook brightens for consumers as inflation muteWASHINGTON — Signaling that manufacturers are leading the economy into a recovery, output from the nation’s factories, mines and utilities posted widespread gains in August. Summary Box: Industrial production grows more than expected, inflation remains in checkMORE GROWTH, NO INFLATION: Government data show the nation’s factories, mines and utilities boosted production for the second straight month in August, the latest sign of an economic recovery. At the same time, inflation remains in check. Corning Inc. acquires labware maker Axygen Bioscience for about $400 millionROCHESTER, N.Y. — Specialty glass pioneer Corning Inc. said Wednesday it acquired laboratory equipment maker Axygen BioScience Inc. from American Capital Ltd. for about $400 million in cash to broaden its life sciences division. House to vote on expanding government research on advanced technology vehiclesWASHINGTON — Targeting more spending toward the auto industry, the House on Wednesday considered expanding government-led research into how to make cars more fuel-efficient. Discarded toxic factory chemicals kill 3, injure 17 in east ChinaSHANGHAI — Three people have died and an additional 17 required medical treatment after they were exposed to bags of a toxic chemical illegally dumped by a factory in eastern China, the local government said Wednesday. Russia to help Venezuela start nuclear program; Chavez’s project still in planning stageCARACAS, Venezuela — Hugo Chavez wants to join the nuclear energy club and is looking to Russia for help in getting started. Stocks turn higher as retail sales jump by biggest amount in 3 years; manufacturing gainsNEW YORK — Better news on retail sales and manufacturing helped send stocks higher Tuesday, as did comments from Federal Reserve Chairman Ben Bernanke that the recession was probably over. Wash. still working on top 50 chemicals toxic to kids, list to trigger manufacturer disclosureSEATTLE — In 2008, Washington became the first state in the nation to pass a law requiring manufacturers to report whether certain products contain chemicals toxic to children. Sprint Nextel, Eli Lilly, E-Trade, Goodyear, Tenet Healthcare are among big market moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: Appeals court blocks land swap between BLM and miner Asarco, citing bad environmental analysisPHOENIX — A federal appeals court ruled Monday that a proposed land exchange between the federal Bureau of Land Management and copper miner Asarco LLC violates environmental laws. APNewsBreak: Safety board rejects tips in wake of Slim Jim blast, seeks softer approachRALEIGH, N.C. — Federal safety officials have rejected a series of urgent recommendations that investigators offered after an explosion at a Slim Jim factory in North Carolina killed three people. At world court, Argentina says Uruguay broke international law by authorizing pulp millsTHE HAGUE, Netherlands — Argentina argued Monday at the U.N.’s highest court that Uruguay “flagrantly breached” international law by authorizing the construction of two pulp mills on the river that separates the two countries. Sportsmen’s group names 2 Utah areas to list of West’s ‘imperiled’ landsSALT LAKE CITY — A sportsmen’s group has placed two Utah wildlife areas on a list of the West’s 10 most imperiled places to hunt and fish because of threats posed by oil and gas development, the Deseret News said in a story published Sunday. Gunmen fire at bus carrying workers for US mine in Indonesia, injuring 2JAKARTA, Indonesia — Gunmen fired at a bus carrying workers of U.S. mining giant Freeport on Saturday in Papua province, wounding two Indonesian security guards, police said. Cliffs raises 2009 production and sales volumes for North American iron ore and coalCLEVELAND — Cliffs Natural Resources Inc. said Friday it will produce and sell more iron ore and coal this year than it had previously expected. |