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  • HOUSTON, Feb 26- The United Steelworkers union and lead refinery owner representative Shell Oil Co discussed on Thursday a possible resumption of face-to-face negotiations to settle the U.S. refinery strike, which was in its 26th day, people familiar with the discussions told Reuters. No date had been set as of Thursday for resuming direct meetings, the sources...

  • Ampco-Pittsburgh reports 4Q loss Thursday, 26 Feb 2015 | 7:21 PM ET

    PITTSBURGH _ Ampco-Pittsburgh Corp. on Thursday reported a loss of $2 million in its fourth quarter. The Pittsburgh- based company said it had a loss of 20 cents per share. For the year, the company reported a loss of $1.2 million, or 11 cents per share, swinging to a loss in the period.

  • Olympic Steel reports 4Q loss Thursday, 26 Feb 2015 | 6:51 AM ET

    HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Thursday reported a loss of $26.9 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Olympic Steel shares have dropped 22 percent since the beginning of the year.

  • HOUSTON, Feb 25- The largest U.S. refinery strike since 1980 continued through its 25th day on Wednesday with no movement toward renewed talks to end a walkout by 6,550 union workers at 15 plants, including 12 refineries accounting for one-fifth of domestic capacity. A spokesman for lead refinery owner representative Shell Oil Co, the U.S. arm of Royal Dutch Shell...

  • HOUSTON, Feb 24- United Steelworkers union International President Leo Gerard said on Tuesday that the U.S. refinery strike could spread if talks do not resume soon. "depends on what happens in the next round of negotiations and that those negotiations resume fairly quickly," Gerard in a telephone news conference from Atlanta. No date has been set to resume talks...

  • Union chief says U.S.refinery strike could spread Tuesday, 24 Feb 2015 | 11:33 AM ET

    HOUSTON, Feb 24- United Steelworkers union International President Leo Gerard said on Tuesday that the U.S. refinery strike could spread if talks do not resume soon. A total of 6,550 USW members are on strike at 15 plants, including 12 refineries accounting for one-fifth of U.S. capacity. "depends on what happens in the next round of negotiations and that those...

  • HOUSTON, Feb 23- Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. The halt in talks comes after the USW pulled workers from three Motiva Enterprises LLC refineries in Louisiana and Texas...

  • HOUSTON, Feb 23- Talks to end the largest U.S. refinery strike in 35 years are not expected to resume this week, sources familiar with the negotiations said on Monday after the number of plants hit by walkouts increased over the weekend. Face-to-face meetings between the United Steelworkers union and lead refinery owner representative Shell Oil Co, the U.S. arm of...

  • WASHINGTON, Feb 23- The International Monetary Fund on Monday signed off on a three-year, 1.2 billion euro loan program for Serbia to help the eastern European country restore its financial health and reassure investors. The IMF said Serbia plans to treat the funds as precautionary, as it seeks to deal with a ballooning deficit and public debt since the onset of...

  • *Over 70 pct of top firms seeing improvement in Europe. LONDON/ PARIS, Feb 23- Signs of a long-awaited recovery in Europe are starting to show through in the profits of leading global companies, even if their bosses are still giving most of the credit to strong demand in Asia or the United States. Reuters has analysed comments from more than 50 of the biggest companies...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Feb 23- Iron ore should go back to the future and reinstate annual contract pricing, according a former executive of top miner Rio Tinto. This changed, largely at the behest of former BHP Billiton chief executive Marius Kloppers, who wanted to take advantage of a shortage of supply to generate higher...

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week on Sunday as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines. Wal-Mart Stores Inc has said its U.S. workers will get a raise to at least $9 an hour, while West Coast port workers have reached a tentative deal for a new...

  • NEW YORK, Feb 22- The average price of a gallon of gasoline in the United States rose 13 cents in the past two weeks, bringing it up 26 cents since prices bottomed out after a nine-month slide ended in January, according to the Lundberg survey released on Sunday. "It was dropping dramatically for nine months straight and then it hit bottom, and now it's up 26 cents since...

  • HOUSTON, Feb 22- The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST on Sunday, according to union officials. After the latest breakdown between the two sides, Steelworkers leaders targeted Shell, which is the U.S. arm of...

  • HOUSTON, Feb 21- The U.S. refinery strike widened on its 20th day, with workers at the nation's largest refinery walking off jobs and joining picket lines on Saturday as the United Steelworkers union pushes for a new contract that improves wages and safety. Shortly after talks between union and oil company representatives ended on Friday night, the union...

  • HOUSTON, Feb 21- The U.S. refinery strike widened as workers at the nation's largest refinery walked off their jobs at 12 a.m. CST on Saturday, according to the United Steelworkers union. Shortly after talks between union and oil company representatives ended on Friday night, the union notified Motiva Enterprises of a strike by its members at the company's...

  • HOUSTON, Feb 20- The U.S. refinery strike was widening on Friday night as workers at the nation's largest refinery gave notice of a walkout beginning at 12 a.m. on Saturday, the United Steelworkers union said. The USW is also giving notices of strikes to begin in 24 hours at Motiva's refineries in Convent and Norco, Louisiana, and the Shell Oil Co. chemical plant in...

  • Shell says no agreement in U.S. refinery strike talks Friday, 20 Feb 2015 | 10:48 PM ET

    HOUSTON, Feb 20- Lead U.S. oil company negotiator Shell Oil Co said face-to-face negotiations on Friday with the United Steelworkers union failed to yield an agreement to end the 20- day-old U.S. refinery strike. Rumors about a tentative deal between the USW and Shell Oil, which is the U.S. arm of Royal Dutch Shell Plc, were being swapped through text messages, emails...

  • HOUSTON, Feb 19- Union negotiators on Thursday rejected the latest contract offer from oil companies and said the largest U.S. refinery strike since 1980 may spread to more plants beyond the 11 where walkouts are underway. The United Steelworkers union said in a message to members and news media that the latest proposal from lead oil company negotiator Royal...

  • Factory activity improves at slower rate in Philly region Thursday, 19 Feb 2015 | 10:20 AM ET

    WASHINGTON— Manufacturers in the Philadelphia area expanded at a slower rate in February compared with the previous month. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 5.2 this month from 6.3 in January. "The dip in the Philly Fed manufacturing index," said Paul Ashworth, chief U.S. economist at...