SHANGHAI/ HONG KONG, March 6- An industrial city in eastern China has closed several factories, including many steel and nickel pig iron producers, in an apparent sign the government is stepping up enforcement of a new environmental law in the face of growing public discontent over pollution. China's vast and energy-intensive steel sector is at the heart of the...» Read More
Mid-America Pipeline Company has pleaded guilty to negligently releasing about 200,000 gallons of ammonia into a Kansas creek.
Acting Iranian Oil Minister Gholamhossein Nozari said on Wednesday there was no need for OPEC to increase its crude production, Iran's state broadcaster reported.
U.S. President George W. Bush said on Wednesday it would help to balance trade if China floated its currency, which has been allowed to appreciate gradually in the past two years but remains tightly managed.
After "months and months" of increasing auto sales, Toyota Motor threw analysts for a loop when it posted U.S. August results, says Phil LeBeau. The company reported a sales drop of 2.8 percent from the year-ago period -- a "bit of a head-scratcher" for Wall Street.
Coca-Cola said Tuesday it launched a new 20-ounce plastic bottle for its cola drinks that uses 5 percent less plastic, in a bid to please some critics of the beverage industry who claim its reliance on plastic aides global warming.
Chevron Corp., on trial here for allegedly failing to clean up billions of gallons of toxic wastewater in the Ecuadorean jungle, on Monday criticized the judge presiding over the case for creating "obstacles" to a fair trial.
Pacific Rim nations bickered Monday over a proposal to curb global warming, with host Australia saying a modest agreement on climate change would be a success.
Oil climbed further above $74 on Monday, within sight of its record high, as OPEC kept a lid on output in the run-up to its Sept. 11 ministerial meeting.
Plaintiffs in the long-running case surrounding the 1989 Exxon Valdez oil disaster this week asked the U.S. Supreme Court to restore a $5 billion punitive fine against Exxon Mobil, a petition filed with highest U.S. court shows.
Residents of Florida don’t need an anniversary to remember Katrina; they get a reminder every month in their homeowner’s insurance bill. The devastating hurricane season of 2005 caused and is still causing many insurers to either raise rates or drop coverage entirely.
Royal Dutch Shell Plc and Dow Chemical are in talks with the Iraqi government to renovate and expand a chemical plant in southern Iraq at a cost of up to $2.1 billion, the Iraqi industry minister said.
Oil prices slipped as worries about global economic health outweighed concerns that U.S. refinery problems could hit supplies in the world's top consumer.
Shares of Germany's Nordex surged 14% at the European open on continued speculation its two main shareholders, Goldman Sachs and CMP Capital Management Partners, were planning to sell their stakes in the wind-turbine maker.
Sales of new U.S. homes unexpectedly rose 2.8 percent to an 870,000 annual sales pacein July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday. Despite the surprising strength, some economists said the housing outlook remains grim.
Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
Hurricane Dean plowed into the Caribbean coast of Mexico on Tuesday as a roaring Category 5 hurricane, the most intense Atlantic storm to make landfall in two decades, but has since weakened and been downgraded to a Category 1 storm.
Stock traders will be looking over their shoulders at the credit markets as a furious flight to quality into Treasuries keeps the pressure on stocks prices. For now, stock futures are higher and look set for a firmer opening.
Hurricane Dean, the Atlantic season's first major storm, was heading toward Mexico's Yucatan Peninsula as a powerful Category 4 storm early Monday as it continued to track west across the Caribbean, the U.S. National Hurricane Center said in its latest advisory.
Senate Democrats' fruitless effort to force a withdrawal of U.S. troops from Iraq this week carries a side lesson for everyone on Wall Street watching other parts of the Washington political agenda. The lesson? From hedge fund taxes to energy legislation to expansion of government-financed health care, it appears that the domestic policy phase of the Bush presidency is pretty well over.
Beverage companies are looking to bottled water for profits, but environmentalists are speaking out in their opposition to the popular product. If the number of bottled waters consumed by Americans annually were laid out end to end, they would stretch around the globe 500 times, according to the Sierra Club's Ruth Caplan, who appeared on CNBC's "Morning Call."