Highlights
A collection of news and information related to Metal and Mineral published by Tribune Company sources.
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Activists say EPA rule change on mine waste near streams is Bush 'parting gift' to industry
Associated Press WriterMORGANTOWN, W.Va. (AP) _ Angry environmentalists launched an online campaign Wednesday urging President-elect Barack Obama to undo a federal rule that clarifies when coal companies can dump mining waste in streams, calling it a long-awaited "parting gift"...Tags: National Government, Kentucky, Rivers, Heads of State, U.S. Environmental Protection Agency
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Schlumberger, Research in Motion, Freeport-McMoRan among big movers Wednesday
NEW YORK (AP) _ Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Constellation Energy Group Inc., up $2.55 at $27.70 Electricite de France bid $4.5 billion for half of the...Tags: New Mexico, Stock Broking, Del Monte Foods Company, Schlumberger Limited, Quarterly or Semiannual Financial Statements
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Unlicensed Contractor Arrested in Coventry
The Hartford CourantPolice arrested a 31-year-old man today suspected of providing home improvement services without a license. Jesse Prince, of Willington, is being charged with impersonating a home improvement contractor, using a home contractor's license that is expired,...Tags: Rockville (Bethlehem, Pennsylvania), Building Material, House and Home, Police Arrests, Police Investigations
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Slowing global economy hurts mining industry; layoffs, cost cutting; project delays
AP Business WriterDENVER (AP) _ A severe pullback in spending for everything from houses in Connecticut to jewelry in Europe and steel in China has reached as far as the New Mexico mining town of Silver City, N.M. Hundreds of miners in this Southwestern town of 10,000...Tags: New Mexico, Montana, Connecticut, Layoffs and Downsizing, James Marshall
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Gold prices fall as investors seek safer investments amid more bleak economic data
AP Business WriterNEW YORK (AP) _ Gold and other precious metals prices fell Wednesday as investors again flocked to safer investments like cash and Treasurys in response to more bleak economic data. Oil prices fell, while agriculture futures traded mixed. "I'm afraid...Tags: Chicago Board of Trade, Petroleum Industry, Economy, Productivity, Gold and Precious Material
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Brazilian miner Vale cuts 1,300 jobs on falling iron ore demand
AP Business WriterSAO PAULO, Brazil (AP) _ Vale, the world's largest iron ore producer, has cut 2.1 percent of its work force because of slumping global demand for the raw ingredient used to make steel, the company confirmed Wednesday. Companhia Vale Rio Doce SA said...Tags: Unemployment, Layoffs and Downsizing, Employees, Labor Legislation
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Lack of demand idles steel production in Illinois
A state response team said Wednesday that it would help thousands of Illinois workers affected by United States Steel Corp.'s decision to lay off workers and temporarily suspend operations at three plants, including one in Granite City. U.S. Steel...Tags: Illinois, Rod Blagojevich, Unions, Employees, United States Steel Llc
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Abbott to add safety information in YouTube ads after group complains
Tribune staff reporterNorth Chicago-based Abbott Laboratories said it will embed safety information about its Xience heart device into a YouTube video spot, a disclosure made hours after a consumer group complained the spots ran afoul of U.S. Food and Drug Administration rules...Tags: Medicine, North Chicago, Instrument Engineering, Sales, Western Medicines
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Wall Street finishes higher despite Fed report that regional economies are struggling
AP Business WriterNEW YORK (AP) _ Wall Street withstood another stream of bad economic readings Wednesday, closing sharply higher after investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon. The major indexes...Tags: Stock Broking, Personal Investing, Economy, New York Stock Exchange, Gold and Precious Material
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Miner Freeport-McMoRan slashes hundreds of jobs as commodity prices tumble
AP Business WriterDENVER (AP) _ Freeport-McMoRan Copper & Gold Inc. said Wednesday it would suspend operations and lay off the bulk of its workers at a New Mexico mine, cut production estimates through 2010 and curb other costs as it struggles to cope with plummeting...Tags: New Mexico, Mining, Unemployment, Non Ferrous Metal, Layoffs and Downsizing
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Pines teachers talk to students after incident involving 7-year-old with knife
South Florida Sun-SentinelChildren at the school where police said a knife-wielding 7-year-old boy robbed a classmate are receiving a special lesson from teachers today: how to act in civil society. Two days after a parent reported her 6-year-old was held up at knifepoint for...Tags: Fort Lauderdale, Weaponry, Theft, Pembroke Pines, Crimes
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Alpha closing W.Va. mine; 329 jobs to be lost
AP Business WriterShares of Alpha Natural Resources dropped Wednesday after the coal producer warned that the slowing economy could trim as much as $95 million from its expected 2008 profit. Alpha now expects earnings to range between $175 million and $185 million this...Tags: Kentucky, Heating, Ventilating, and Air Conditioning, Pennsylvania, Alpha Natural Resources Incorporated, Energy Resources
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