Analyst sees rising prices, increased demand for steel makersHARTFORD, Conn. — Domestic steel prices are on the rise as demand increases and inventories remain weak, though investors may be cautious as prices for Chinese steel declines in the short term, an analyst said Wednesday. Stillwater Mining says meeting fails to persuade GM to resume precious metals contractCOLUMBUS, Mont. — Stillwater Mining Co. said company officials have failed to persuade General Motors Co. to reinstate a canceled metals supply contract. Paper maker Stora Enso to lay off up to 1,100 workers, close mills in FinlandHELSINKI — Stora Enso Oyj said Wednesday it will lay off up to 1,100 workers, cut production and close mills in Finland as the Nordic paper maker continues to struggle with dwindling revenue. Police, security guard China factory after villagers protest over lead poisoning incidentCHANGQING, China — Dozens of police and plainclothes officers guarded a Chinese smelting plant in central Shaanxi province on Wednesday, days after hundreds of villagers stormed the factory because more than 600 children from two nearby villages had been sickened by lead poisoning. Paper or plastic? Seattle voters reject 20-cent fee on both types of grocery bagSEATTLE — Seattle voters have rejected a 20-cent fee for every paper or plastic bag they get from supermarkets, drug stores and convenience stores. The city’s incumbent mayor didn’t fare much better than the fee, trailing two challengers in a bid for a third term. Seattle bag fee: Measure to charge 20-cent fee on paper or plastic bags failsSEATTLE — Seattle voters have rejected a 20-cent fee for every paper or plastic bag they get from supermarkets, drug stores and convenience stores. Paper or plastic? Seattle voters deciding on 20-cent fee on both types of grocery bagSEATTLE — Voters in eco-conscious Seattle were deciding Tuesday whether to pay a 20-cent fee for every paper or plastic bag they get from supermarkets, drug stores and convenience stores. US appeals court rules that SC discrimination lawsuit against Nucor Steel can go forwardCOLUMBIA, S.C. — A federal appeals court has revived a discrimination lawsuit brought by black employees who claim they worked in a racially hostile environment at a Nucor Steel mill in South Carolina, attorneys said Tuesday. Plant owner: 64 missing workers feared dead in Russian power plant accidentMOSCOW — Divers scoured the near-freezing waters flooding the cavernous rooms of Russia’s largest hydroelectric plant on Tuesday but the owner said it was doubtful that any of the 64 workers missing after an accident would be found alive. Rio Tinto receives binding $2 billion offer from Amcor Ltd. for Alcan Packaging divisionsMELBOURNE, Australia — Packaging company Amcor has offered to buy Rio Tinto’s remaining Alcan Packaging divisions for $2.025 billion, the mining giant said Tuesday. Chinese mayor apologizes for lead poisoning that sickened hundreds of children: reportCHANGQING, China — A mayor apologized to residents of two Chinese villages where more than 600 children were sickened by lead poisoning, saying a nearby smelter targeted by angry protests would not reopen until it meets health standards, state media said Tuesday. Sinopec acquires Addax Petroleum for $7.5 billion in China’s biggest foreign takeoverBEIJING — Sinopec Group said Tuesday it has completed its $7.5 billion acquisition of Addax Petroleum, obtaining new reserves in Africa and the Middle East in China’s biggest foreign corporate takeover to date. Scientists, regulators consider protection plan for massive stretch of deep-sea coral reefsFIFTY MILES OFF CAPE CANAVERAL, Fla. — Deep beneath the crystalline blue surface of the Atlantic Ocean off the southeastern U.S. lies a virtual rain forest of coral reefs so expansive the network is believed to be the world’s largest. Accident at Russian hydroelectric plant kills at least 12 workers, up to 64 others missingMOSCOW — Rescue workers searched Russia’s largest hydroelectric plant Tuesday for 64 missing workers after an accident during repairs killed at least 12 others at the massive plant in southern Siberia. Australia says China canceled minister’s visit over Uighur activist rowCANBERRA, Australia — China canceled a senior minister’s trip in anger that Australia granted a visa to an exiled Uighur activist, the government said Tuesday, in the latest sign that ties between the two countries are strained. Summary Box: Fed extends program intended to boost consumer and business lendingWHAT HAPPENED?: The Federal Reserve said it’s extending a program that was due to end Dec. 31. The major part of the program, aimed at boosting consumer and business lending, will now run through March 31. Another part that supports new loans for commercial mortgage-backed securities will be extended through June. Accident at Russian hydroelectric plant kills at least 11 workers, up to 65 others missingMOSCOW — An accident during repair work at Russia’s largest hydroelectric plant on Monday killed at least 11 workers, while as many as 65 others were missing after an engine room was suddenly flooded, officials said. Accident at Russian hydroelectric plant kills at least 10 workers, up to 65 others missingMOSCOW — An accident during repair work at Russia’s largest hydroelectric plant on Monday killed at least 10 workers, while as many as 65 others were missing after an engine room was suddenly flooded, officials said. Weekly newspaper plods along in Ohio’s Amish country, where readers help fill its pagesSUGARCREEK, Ohio — The writers’ grievances came in the form of angry letters, carried over bumpy rural roads to the newspaper office serving the Amish community. Accident shuts down Russia’s largest hydroelectric plant, killing 7 and injuring 8MOSCOW — An accident during repair work at Russia’s largest hydroelectric plant on Monday killed at least eight workers and injured 10, while 54 others were missing, investigators said. LA filmmaking couple to stand trial, accused of bribing Thai officials to run film festivalLOS ANGELES — Before film producers Gerald and Patricia Green took over a movie festival in Bangkok, the weeklong event struggled to capture Hollywood’s attention. Report: Bus carrying workers for US mining giant Freeport in Indonesia attacked; 5 injuredJAKARTA, Indonesia — Gunmen fired Sunday at a bus carrying employees of U.S. mining giant Freeport in eastern Indonesia, injuring five, police and a news report said, in the latest in a series of attacks near the world’s largest gold mine that have killed three people. Chinese steelworkers’ protests prompt authorities to halt takeover of factoryBEIJING — China on Sunday called off the takeover of a state-owned steel plant after workers protested and trapped an official in the factory office for four days — the second time in a month that the country’s steelworkers have rallied to successfully avoid privatization. Hundreds of steel workers in central China protest purchase of plantBEIJING — Hundreds of steel workers in central China trapped a government official in their factory’s office compound for four days, angry at the official’s role in the state-run plant’s privatization, the local government said Saturday. ‘Pay czar’ to review compensation packages for companies receiving government aidWASHINGTON — The Obama administration’s “pay czar” is embarking on a review of proposed compensation packages for the top employees at seven companies that are on government life support, marking the first time a federal official will have veto power over how much private-sector executives are compensated. In green Seattle, industry spends big to ensure shoppers won’t pay to choose paper or plasticSEATTLE — Leaders of this famously green city last year passed the nation’s first grocery bag fee, and other cities around the nation quickly followed. WVa steel mill marks a century in business, still ’standing’ after consolidation of industryWEIRTON, W.Va. — The city’s welcome sign proudly proclaims Weirton was “forged by steel.” Yet the ArcelorMittal steel mill is only a fraction of what it once was, down to 1,000 workers from the 14,000 of its heyday. Packaging makers decline with market as Moody’s forecasts weak demand, slow market recoveryNEW YORK — Shares of packaging makers fell Friday along with the broader market, as a ratings agency put a noninvestment-grade rating on the debt Graphic Packaging Holding Co. and forecast weak demand for the sector. Chinese takeover of Australia’s Felix Resources embraced by investors as shares soarSYDNEY — Investors on Friday firmly endorsed an Australian dollars 3.5 billion ($3 billion) plan for Yanzhou Coal to buy Felix Resources Ltd. in what would be China’s biggest investment yet in the Australian minerals sector. Number of kids sickened by lead poisoning rises to 600 in northwestern ChinaBEIJING — More than 600 children have been sickened with lead poisoning in a northern Chinese province where authorities shut a smelter earlier this week thought to have caused the contamination, state media reported. |
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