Latest Materials industry News

Cartels prey upon migrants who wait to cross US border

Nov. 17, 2019 7:54 AM EST

NUEVO LAREDO, Mexico (AP) — The gangsters trawling Nuevo Laredo know just what they’re looking for: men and women missing their shoelaces. Those are migrants who made it to the United States to ask for asylum, only to be taken into custody and stripped of their laces — to keep them from...

Paper company indefinitely idles 160-employee Georgia mill

Nov. 16, 2019 12:52 PM EST

AUGUSTA, Ga. (AP) — A Canadian paper company says a Georgia newsprint mill will be indefinitely idled, meaning 160 employees won’t return to work. Resolute Forest Products said Thursday that it won’t restart operations in Augusta, where it temporarily closed its mill in October because of...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...

Court rules Trump EPA unlawfully ignored dangerous chemicals

Nov. 14, 2019 7:20 PM EST

BILLINGS, Mont. (AP) — The Trump administration unlawfully excluded millions of tons of some of the most dangerous materials in public use from a safety review, a federal appeals court ruled Thursday. A three-judge panel of the 9th U.S. Circuit Court of Appeals said the U.S. Environmental Protection...

Navajo company confident about Wyoming, Montana coal bonding

Nov. 13, 2019 7:14 PM EST

CHEYENNE, Wyo. (AP) — Navajo tribal energy company officials expressed confidence Wednesday they will be able to secure necessary bonding for recently purchased coal mines in Wyoming and Montana without financial backing from the Navajo Nation. The Navajo Transitional Energy Co. has adequate potential...

`Like theater in tile form’: Tile’s patterns, designs expand

Nov. 13, 2019 11:35 AM EST

People have been surfacing floors and walls in tile for hundreds of years; it’s one of our oldest materials. But the industry keeps reinventing the product. Digital printing and fabricating advances can now realistically replicate wood, metal, textile, leather, brick and paper in a sustainably made,...

Chinese buyer of British Steel looks to grow abroad

Nov. 13, 2019 6:03 AM EST

BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries from...

Navajo leader: Tribe won't back energy company's new mines

Nov. 12, 2019 11:05 PM EST

FLAGSTAFF, Ariz. (AP) — The Navajo Nation will not financially back bonds a tribal energy company needs for a trio of newly acquired coal mines off the reservation, the tribal president said Tuesday, explaining that it's too risky and his administration wants the company to move away from coal. The Navajo...

Lawsuit aims to kill stalled $2B methanol refinery project

Nov. 12, 2019 7:07 PM EST

SEATTLE (AP) — A federal lawsuit filed Tuesday aims to keep one of the world's biggest methanol refineries from being built along the Columbia River in Washington state. Plans for the $2 billion refinery, shipping terminal and pipeline project in the small city of Kalama are already stalled after a state...

How major US stock indexes fared Tuesday

Nov. 12, 2019 4:58 PM EST

Stocks closed with modest gains on Wall Street Tuesday, nudging the Nasdaq to another record high. Health care and materials companies rose the most, but the gains were checked by losses in real estate, energy and other sectors. Bond prices edged higher, sending yields lower. On Tuesday: The S&P 500 rose 4.83...