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Daily industrial news and top headlines for plant and maintenance managers

U.S. Durable Goods Orders Jumped 3.5 Pct. In Nov.

December 26, 2013 9:31 am | by Martin Crutsinger, AP Economics Writer

The surge in orders for durable goods, which are products expected to last at least three years, was the latest evidence of a rebound in manufacturing. The gains will likely provide support for the economy into 2014.          

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$40 Million Fund Created For Bangladesh Victims

December 26, 2013 9:22 am | by The Associated Press

The fund, estimated at $40 million, would compensate injured workers and dependents of those of who died, according to a statement by the organizers of the fund.                          

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Wash. Governor Met With Airbus Executive

December 26, 2013 9:18 am | by Mike Baker, Associated Press

The private gathering occurred in October during an aerospace conference in Seattle, Inslee spokesman David Postman said on Monday after The Associated Press identified the meeting in records obtained under public records law. Postman said the governor talked with Barry Eccleston, the president and CEO of Airbus Americas, for about 20 minutes.

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Westmoreland To Buy Coal Operations For $435M

December 24, 2013 11:55 am | by The Associated Press

Westmoreland Coal Co. said Tuesday that it has agreed to buy the coal mining operations of Sherritt International Corp. for about $435 million which will help it expand its operations in Western Canada. The Englewood, Colo., company said the deal will double its business and make it the sixth largest coal producer in North America.

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Owner Plans To Open Hopewell Bio-Fuel Plant

December 24, 2013 11:50 am | by The Associated Press

The owner of a bio-fuel plant in Hopewell plans to open the facility instead of dismantling it. Vireol Bio-Industries had planned to ship the plant's equipment to its plant in England.                    

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Ally Paying $98M To Resolve U.S. AutoLoan Claims

December 24, 2013 11:46 am | by Marcy Gordon, AP Business Writer

Ally is paying $80 million in damages to about 235,000 African-American, Hispanic and Asian and Pacific Islander borrowers, and $18 million in penalties. The higher rates were charged on auto loans between April 2011 and December 2013, according to the government.

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Optimism Over U.S. Economy Shores Up Markets

December 24, 2013 11:44 am | by Toby Sterling, Associated Press

Growing optimism over the U.S. economy helped shore up global markets Monday despite tensions in China's credit markets. Germany's DAX and the main U.S. indexes all struck record highs, albeit on a day when trading was fairly muted as many traders were already off for the Christmas break.

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Steyr Arms Moving To HQ Near Birmingham, Ala.

December 23, 2013 11:40 am | by The Associated Press

A leading firearms company is moving into new headquarters west of Birmingham.  Steyr Arms says it will be up and running in its 33,000-square-foot complex in Bessemer on Jan. 2.  The company has been operating in the Birmingham suburb of Trussville.

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To Clean Up Coal, Obama Pushes More Oil Production

December 23, 2013 11:22 am | by Dina Cappiello, Associated Press

To help the environment, the government allows power companies to sell the carbon dioxide to oil companies, which pump it into old oil fields to force more crude to the surface. A side benefit is that the carbon gets permanently stuck underground.

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10 Years After Mad Cow, Little Change On Tracking

December 23, 2013 10:37 am | by Ross Courtney, Yakima Herald-Republic

But 10 years ago Monday, it took just one cow to send shock waves through the cattle industry of the United States, home to some 100 million cattle, slam the door on billions of dollars in exports and scare a lot of beef eaters.       

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Bangladesh Factory Owners Charged In Deadly Fire

December 23, 2013 10:34 am | by Julhas Alam, Associated Press

Police charged the owners of a Bangladeshi garment factory and 11 employees with culpable homicide Sunday for alleged negligence leading to the death of 112 workers in a raging fire that engulfed the factory last year.          

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Electrolux To Expand At North American HQ In N.C.

December 23, 2013 10:30 am | by The Associated Press

Appliance maker Electrolux announced plans Friday to create more than 800 additional jobs over the next four years in Charlotte as it expands next to its North American headquarters.                    

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Machinists Union Sets Boeing Vote For Jan. 3

December 23, 2013 10:26 am | by The Associated Press

National union leadership said Sunday that the vote will be Jan. 3. In a statement, IAM leaders said the latest proposal contains "significant improvements" over an offer rejected by Machinists in November.             

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Unemployment Rates Fall In Nearly All U.S. States

December 23, 2013 8:58 am | by Christopher S. Rugaber, AP Economics Writer

The Labor Department said Friday that employers added jobs in 43 states and cut jobs in just seven. California, Texas and Indiana reported the largest job gains.  The lower state unemployment rates are due in part to robust hiring nationwide over the past four months.

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Altria, Philip Morris Int'l Partnering On Products

December 23, 2013 8:54 am | by Michael Felberbaum, AP Tobacco Writer

Altria Group Inc. and Philip Morris International Inc. said Friday that they've entered into agreements related to marketing alternatives to traditional cigarettes. Terms of the deal were not disclosed.             

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Study: Many Dolphins Sick A Year After Gulf Oil Spill

December 23, 2013 8:50 am | by Janet McConnaughey, Associated Press

Government, academic and other researchers made comprehensive check-ups on 29 dolphins in Barataria Bay in August 2011 as part of the Natural Resource Damage Assessment — a federal process to determine the extent of damage and how to repair it. Barataria Bay was one of the areas where pelicans struggled in heavy slicks and thick globs of oil washed onto marshy islands between April and July 2010.

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U.S. Growth Upgrade Gives Stocks Another Lift

December 23, 2013 8:14 am | by Sarah DiLorenzo, AP Business Writer

Government figures showed that the world's largest economy grew by an annualized rate of 4.1 percent in the third quarter, up from the previous estimate of 3.6 percent. The pace of growth is further evidence that the U.S. economy is gaining traction and helps explain why the U.S. Federal Reserve decided to reduce its stimulus by $10 billion a month starting from January.

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Inter-Korean Factory Park Tough Sell To Outsiders

December 23, 2013 8:11 am | by The Associated Press

The two Koreas have taken an initial step to open their jointly run industrial park to overseas investors.  But foreigners who toured the complex on Thursday say the compound in North Korea remains a tough sell despite its cheap labor.    

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ADM Stays In Illinois Despite Lack Of Tax Breaks

December 23, 2013 8:07 am | by David Mercer and Sophia Tareen, Associated Press

ADM's announcement to stay in Illinois likely will give ammunition to both sides over whether states should play ball when companies make demands, though some incentives skeptics warned not to read too much into one company's decision. Chicago, with its two international airports in the heart of Midwestern farm country, was the best place for ADM's new headquarters, CEO Patricia Woertz said Wednesday.

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U.S. Economy Expands At 4.1 Percent Rate

December 20, 2013 1:11 pm | by Martin Crutsinger, AP Economics Writer

The Commerce Department's final look at growth in the summer was up from a previous estimate of 3.6 percent. Four-fifths of the revision came from stronger consumer spending, primarily in the area of health care.            

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