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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: industry

industry stories: 8 news summaries

(Newser) - The EPA's decision today to declare carbon dioxide and five other greenhouse gases dangerous pollutants could have enormous consequences for US businesses, writes Andy Stone in Forbes. The big winner: green technology. The ruling could eventually give the EPA unprecedented regulatory control over everything from power plants to oil refineries... More »

MORE ABOUT:
climate change • pollution • greenhouse gases • carbon dioxide • global warming • Environmental Protection Agency • pollutants • industry • Obama administration • President Obama • Lisa Jackson

Steel Industry Hopes Stimulus Will Forge Recovery

Execs want projects using American steel to be center of economic recovery

Jan 2, 09 2:32 AM CST
(Newser) - Leaders of America's sagging steel industry are hoping their operations will spearhead the economy's recovery with some major help from the US government, the New York Times reports. Steel orders have collapsed since September, causing thousands of layoffs. Execs are pushing hard for the expected stimulus package from the incoming... More »

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recession • US economy • infrastructure • steel • economic stimulus package • United Steelworkers • industry

Siemens Will Pay $1.3B in Fines for Global Corruption

Company settles on US charges for $800M, shells out more over German accusations

Dec 15, 08 3:15 PM CST
(Newser) - German engineering conglomerate Siemens pleaded guilty today to an international pay-to-play scheme and will pay the US $800 million in fines, the Wall Street Journal reports. It will also give $528 million to the German government—adding to a $275 million payout last year. More »

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Germany • corruption • guilty plea • engineering • Siemens • federal judges • fines • industry • federal prosecution • conglomerate

China's Heavy Industries Steel for Crash

Global downturn freezes country's industrial transformation

Nov 26, 08 1:44 AM CST
(Newser) - The global slowdown is rapidly shutting down China's heavy industries, the New York Times reports. Just months after the government warned that the red-hot economy could lead to runaway inflation, the nation's steel, cement and construction industries now find themselves with a huge excess of capacity—and workers. Growth is... More »

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China • global economy • Chinese economy • industry • Chinese exports

 Farms Fuel Boom in US Exports

Strengthening dollar could trim growth of sales abroad

Aug 18, 08 9:21 AM CDT
(Newser) - Worldwide demand for grain and a weak US dollar helped drive exports up 7.1% in the first half of the year, providing a respite from the barrage of negative economic news. But experts warn the commodity-driven rise could be brief, reports the New York Times. Export surges of... More »

MORE ABOUT:
international trade • corn • trade deficit • manufacturing • commodities • US exports • job • soybeans • industry

OPINION

Sorry, Veterans, Vietnam Is Profitable Now

American companies move to Hanoi, reap benefits of communism

Jul 9, 08 1:44 PM CDT
(Newser) - More expensive Chinese labor has American enterprises heading to Vietnam, moving Harold Meyerson to wonder, in the Washington Post, why 58,000 US soldiers died trying to defend democracy there. "American business, backed by the American government, has realized that the problem with communism wasn't that it was undemocratic... More »

MORE ABOUT:
China • Vietnam • globalization • labor costs • manufacturing • Vietnam War • Communism • industry

US Companies Set Up Shop
in Vietnam

As labor costs in China soar, manufacturers
are moving on

Jun 18, 08 9:53 AM CDT
(Newser) - Foreign manufacturers invested $83 billion in China last year, keeping it at the top of the list  of overseas producers. But a confluence of circumstances—high inflation, changing government policies, and, above all, rising wages—have led corporations to start looking elsewhere in Asia,  the New York Times reports.... More »

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China • Vietnam • globalization • manufacturing • industry

 Would You Mind 
 If This Wasn't Mined? 

Lab-created diamonds get ever closer to nature's version—to chagrin of some

Jun 12, 08 12:07 PM CDT
(Newser) - De Beers might like you to think a “diamond is forever,” but try this on for size: “A diamond is for everyone.” In a secret Massachusetts lab, Apollo Diamond is using novel technology to grow diamonds virtually indistinguishable from their mined cousins, the Smithsonian reports. Unfortunately... More »

MORE ABOUT:
technology • diamond • De Beers • blood diamonds • semiconductor • gems • synthetic diamond • industry

8 Stories


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