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England to Miss 2010 Green Energy Target
England will miss its renewable energy targets for 2010 unless the country's individual regions speed up the rollout of green energy projects. According to Industrial Info Resources (Sugar Land, TX), a report from the British Wind Energy Association (BWEA) says…
India's SAIL Annuls $400 Million Contract Awarded to POSCO for Steel Plant Expansion
India's primary steel producer Steel Authority of India Limited (SAIL) (New Delhi), has cancelled the $400 million contract awarded to POSCO E&C (Pohang, South Korea), the engineering and construction arm of global steel giant POSCO (Pohang) for construction of a…
U.K. Outlines Renewable Energy Strategy
The U.K. government plans to invest heavily in offshore wind and marine power technology to help the country meet its renewable energy targets. The goals come as part of the government's new Renewable Energy Strategy white paper, which outlines how…
Slight Jump in Job Losses During June, Unemployment Rate Essentially Unchanged
After months of depressing employment information being reported monthly by the government, May was the first month this year in which job losses were relatively moderate, although the unemployment rate increased one half of a percent. In June, however, job…
12 Percent Decline in Global Steel Production Forecasted for 2009
In its recently published global steel review, MEPS (International) Limited (South Yorkshire, United Kingdom), has predicted that global steel production in 2009 will be about 1.165 billion tons, a 12 percent decline from production figures in 2008. Industrial Info Resources…
Airgas Reports First Quarter EPS of $0.66
? Sales down 12 percent, same-store sales down 17 percent ? Effective expense reductions mitigate impact of sales decline; operating margin of 11.0 percent ? Diluted EPS of $0.66, down 19 percent, consistent with Company guidance ? Adjusted cash from…
European Unemployment on the Rise
Unemployment in the Euro-area (the 16 countries currently using the euro as currency) rose to 9.5 percent according to a report recently released by Eurostat, the Statistical Office of the European Communities. This marks the highest unemployment rate in a…
With Bankruptcy Over, What's Next for GM'
Now that General Motors Corporation (GM) (Detroit, MI) has emerged from its 40 days in the hole, so to speak, it's time for the new GM to step forward and make the necessary changes to get the automotive giant back…
India's SAIL and RINL to Boost Steel Production with $14 Billion Investment
Leading Indian steel manufacturers, Steel Authority of India Limited (SAIL) (New Delhi) and Rashtriya Ispat Nigam Limited (RINL) (Faridabad, Haryana) are currently undertaking capacity expansion programs to increase combined steel production from the companies' present 17.4 million tons per year…
China's Import and Export Value Drops 17.7 percent Year Over Year in June
In June 2009, the import and export value in China reached $182.57 billion, a drop of 17.7 percent year over year, or an increase of 11.2 percent over the previous month when the export value reached $95.41 billion, a drop…
Sweden's Sandvik Secures Order for Nuclear Steam Generator Tubes from Areva
According to Industrial Info Resources (Sugar Land, TX), Swedish company Sandvik Materials Technology, a division of the Sandvik AB Group (Sandviken, Sweden), secured a multi-year contract worth $256 million (184.1 million euros) from Areva SA (Paris, France) to supply steam…
U.S. Minimum Wage to Increase this Month
Effective July 24, minimum wage will rise 70 cents, from $6.55 per hour to $7.25 per hour. This increase completes the third and final phased increase in minimum wage from 2007-09 as regulated by the Fair Labor Standards Act. Minimum…
