China tries to calm unease over curbs on rare earths exports but says limits neededBEIJING — A Chinese official tried to calm unease about curbs on exports of rare earths used in clean energy products and superconductors, saying Thursday that sales will continue but must be limited to reduce damage to China’s environment. Summary Box: Productivity, factory orders increase in latest hopeful signs of recession’s endMORE STRONG NUMBERS: Productivity in the second quarter posted its best showing since 2003, while cost-cutting by companies pushed labor costs down by the most in nine years. A separate report showed factory orders climbed in July, the fifth gain in six months. Amid fraud investigation, NYC orders concrete retested in 82 buildingsNEW YORK — New York City has announced plans to more closely scrutinize companies that test concrete after indictments called into question the strength of the material at some of the city’s biggest building projects, including ground zero. Tough talk on possible Iran sanctions as Western deadline for negotiations loomsDUBAI, United Arab Emirates — There is no shortage of warnings that September could be a very bumpy month for Iran. Air Products & Chemicals buys Texas hydrogen plant; facility to come on stream next MarchLEHIGH VALLEY, Pa. — Air Products & Chemicals Inc. said Tuesday it paid an undisclosed amount for a new hydrogen facility expected to be operational in March of next year. AK Steel to raise prices by $40 to $60 per tonWEST CHESTER, Ohio — AK Steel said Tuesday it will raise prices for all new steel orders. Summary Box: Manufacturing, housing data boost recovery hopes, consumers are the keyMANUFACTURING GROWTH: The Institute for Supply Management’s manufacturing index showed growth in the sector in August for the first time in 19 months, posting the highest number since June 2007. New customer orders jumped to a level not seen since December 2004. US farm groups, farmers split over whether climate bill would help or hurt agricultureOMAHA, Neb. — Climate change legislation before Congress could be an economic godsend to farmers and ranchers. Or it could be an enormous financial burden. Bankruptcy judge backs Grupo Mexico over Sterlite in bid to regain Asarco operationsDENVER — A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior. EPA: Chemical weapons disposal plant properly closedHONOLULU — An Army chemical weapons disposal plant that handled nerve gas and other deadly agents has been properly cleaned and closed, the U.S. Environmental Protection Agency announced Monday. Asarco awaits bankruptcy court recommendation to determine future of AZ copper minerDENVER — A court will soon decide if Asarco LLC, the nation’s third-largest copper producer, will leave bankruptcy protection and return to Grupo Mexico’s control or be sold to India’s Sterlite Industries. Chemicals maker Huntsman makes $415M bid for assets of Tronox, leaves room for competing bidsNEW YORK — Chemical company Huntsman Inc. has offered to pay about $415 million for Tronox Inc.’s titanium dioxide and electrolytics businesses in a deal that would make Huntsman the world’s second-biggest maker of a whitener used in products as diverse as food, plastics and paint. Feds urge carrot-toting tourists in old Ariz. gold mining town to stop plumping up the burrosFLAGSTAFF, Ariz. — There is an epidemic in an old gold mining town in western Arizona: The wild burros that roam the town’s single street are overweight, with rolls of fat on their necks and big, full bellies. But don’t blame them. They’ll eat anything. Chinese share benchmark sinks 5.4 percent as investors unload heavyweightsSHANGHAI — China’s main share benchmark sank 5.4 percent in early trading Monday on heavy selling of market heavyweights triggered by renewed worries over a potential tightening of liquidity. France admits to green tides of toxic algae after death of thoroughbred on Brittany beachSAINT-MICHEL-EN-GREVE, France — It should have been a perfect day for Vincent Petit, finishing up an afternoon gallop on a wide expanse of beach along a pastel-colored bay. Instead, he and his mount were sucked into a hole of noxious black sludge. 2 officials in Texas go after the big state benefactor in ExxonDALLAS — A pair of elected officials in Texas is going after Exxon Mobil, a name synonymous with the state, for allegedly stuffing abandoned oil wells with piles of junk, sludge and tools so other companies could not drill in the same places. Fertilizer cos. slide as analyst expects demand drop, gov’t projects falling farmer incomesNEW YORK — A near-record corn crop is going to cut demand for fertilizers, said a UBS analyst Friday as he downgraded two fertilizer companies, just as the government sees U.S. farmers’ incomes dropping. Armstrong World Industries shares upgraded; analyst cites value, prospects, investor interestNEW YORK — An analyst upgraded Armstrong World Industries Inc. Friday, saying its shares are cheap, its debt is shrinking and its dominant market share positions it for a big post-recession rebound. Giant garbage patch in Pacific Ocean’s possible effect on marine life worries researchersLOS ANGELES — A tawny stuffed puppy bobs in cold sea water, his four stiff legs tangled in the green net of some nameless fisherman. Boeing, Oshkosh, Immunomedics, Associated Banc-Corp are among big market movers ThursdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange: Fire rages at fuel storage plant near Detroit; nearby residents briefly evacuated, no injuriesHAMTRAMCK, Mich. — A fire that started Thursday near a rail tanker car at a chemical plant spread quickly to silos holding gasoline, causing an inferno that sent huge plumes of black smoke billowing into the sky above Detroit and forcing the evacuation of hundreds of people. ArcelorMittal helps line up next generation as silver-haired steelworkers start to retireWEIRTON, W.Va. — In the business of steelmaking, a gray-haired work force can be a good thing: Seasoned employees in the mill signify experience and safety, reliability and commitment. Fluor completes multibillion-dollar joint venture project in KuwaitIRVING, Texas — Fluor Corp. completed a multibillion-dollar project for a joint venture with Dow Chemical Co. and Petrochemical Industries Co. in Kuwait, the company said Thursday. Fire rages at fuel storage plant near Detroit; nearby residents evacuated, no injuriesHAMTRAMCK, Mich. — A fire that started Thursday near a rail tanker car at a chemical plant spread quickly to silos holding gasoline, causing an inferno that sent huge plumes of black smoke billowing into the sky above Detroit and forcing the evacuation of hundreds of people from the area. NCI Building Systems’ shares plunge after company announces debt exchange termsHOUSTON — Metal building-components maker NCI Building Systems Inc. said Thursday it would proceed with an offer to exchange the notes of existing bondholders with cash and a minority stake in the company. Fire rages at chemcial plant near Detroit; evacuation of nearby area reportedHAMTRAMCK, Mich. — A fire broke out Thursday at a chemical plant near Detroit, sending flames and black smoke hundreds of feet into the air and forcing a nearby expressway to be closed. Natural gas prices drop to 7-year low; oil prices fall further from 2009 high hit this weekNEW YORK — Natural gas prices fell to their lowest level in seven years Thursday after the government reported that increasing amounts of it are being placed into storage. Gold-plated horse head from Roman era found in GermanyFRANKFURT — Scientists say a Roman horse head made from bronze and plated in gold has been discovered at an archaeological site in Germany. CPSC lets Mattel test its own toys, other companies must use independent labsWASHINGTON — Toy-makers, clothing manufacturers and other companies selling products for young children are submitting samples to independent laboratories for safety tests. But the nation’s largest toy maker, Mattel, isn’t being required to do the same. European stocks steady despite Asian slip as investors brush off strong economic dataLONDON — European stocks held steady Thursday despite losses in Asia, as investors brushed off a string of upbeat economic figures on fears any recovery may not prove sustainable. |
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