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  • The challengers say the EPA has no authority under the 1970 Clean Air Act to expand its regulation of power plants outside the facilities themselves. Jeff Holmstead, a lawyer representing the coal industry in the legal challenge, said that the provision of the Clean Air Act the EPA is focusing on has only been used previously to set air pollution standards for...

  • TORONTO, Feb 10- Kinross Gold Corp reported a bigger quarterly loss on Wednesday, as lower production and an ongoing slump in prices for the precious metal hurt the world's fifth-biggest producer by output. The Toronto- based miner said its fourth-quarter loss was an adjusted $68.8 million, or 6 cents a share, compared with an adjusted loss of $6 million, or 1 cent a...

  • CHEYENNE, Wyo.— Wyoming regulators have reached a deal with Arch Coal to accept up to $75 million in place of the company's $486 million in bonding obligations in the state while the company goes through Chapter 11 bankruptcy. Among Arch's two active mines in Wyoming is Black Thunder, one of the world's largest coal complexes. For years, an ongoing agreement...

  • NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Time Warner Inc., down $3.14 to $60.07. Walt Disney Co., down $3.47 to $88.85.

  • Carrier Corp. said it would shutter its Indianapolis plant where 1,400 workers and move its manufacturing to Mexico. Carrier Corp. and UTEC are both units of Hartford, Connecticut- based United Technologies Corp.. Carrier's president of North American HVAC systems and services, Chris Nelson, said the company is closing the Indianapolis plant in response to "...

  • *China markets closed for Lunar New Year, to reopen Monday. LONDON, Feb 10- Copper slid to a two-week low on Wednesday, pressured by a stronger dollar as Federal Reserve Chair Janet Yellen pointed to the prospect for further gradual adjustments to monetary policy. She cited global risks such as falling stock prices and uncertainty over China, but said there was good...

  • NEW YORK, Feb 10- The U.S. Supreme Court's decision to block federal regulations to curb carbon dioxide emissions failed to give a sustained boost to shares of the long-battered coal sector on Wednesday. After initially trading higher, Consol Energy Inc stock slipped 2.3 percent, and Peabody Energy Corp fell 0.9 percent. The states, led by coal producer West...

  • TORONTO, Feb 10- Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell. Federal Reserve Chair Janet Yellen said conditions in the United States would allow the U.S. central bank to pursue "gradual" adjustments to monetary policy.

  • CALGARY, Alberta, Feb 9- Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going and safeguard the billions already invested in these multi-decade projects. Although the move to support higher-cost production seems counterintuitive, oil sands...

  • NEW YORK, Feb 10- Long-battered shares of coal companies jumped on Wednesday after the U.S. Supreme Court put on hold federal regulations to curb carbon dioxide emissions mainly from coal-fired power plants. The court's 5-4 ruling on Tuesday delivered a major blow to President Barack Obama, by blocking the centerpiece of his administration's strategy to...

  • LONDON, Feb 10- U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP said on Wednesday. The sector, with relatively expensive production costs, has nevertheless been hard hit by a 70 percent decline in oil prices over the past 18 months to around $30...

  • MIDLAND, Pa.— Allegheny Technologies Inc. and the United Steelworkers planned contract talks to end a lockout of 2,200 workers. The Pittsburgh- based steelmaker has locked out workers at 12 plants in Pennsylvania and five other states. The company has since idled nearly 260 union and salaried workers by idling its plant in Midland, Beaver County, and plans to do...

  • VIENNA, Feb 10- Austria's Voestalpine expects duties on cheap imports to take the pressure off Europe's steel industry this year following its worst downturn in about a decade. European steel companies are struggling to cope with sharp price falls and growing overcapacity as China and Russia are accused of exporting massive quantities at artificially low...

  • EVANSVILLE, Ind. _ Berry Plastics Group Inc. on Wednesday reported fiscal first-quarter net income of $4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Berry Plastics shares have decreased 17 percent since the beginning of the year.

  • CHARLOTTE, N.C. _ Sealed Air Corp. on Wednesday reported fourth-quarter earnings of $123.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Sealed Air expects full-year earnings in the range of $2.52 to $2.60 per share, with revenue expected to be $6.8 billion.

  • *China markets closed for New Year break; to reopen Monday. LONDON, Feb 10- Copper hit a two-week low on Wednesday on persistent worries over global growth, and as traders awaited testimony from Federal Reserve Chair Janet Yellen for clues on the outlook for the dollar. "I expect Yellen to sound a bit more dovish but to keep the door open for rate hikes, which means are...

  • *China markets closed for new year break; to reopen Monday. MELBOURNE, Feb 10- London copper slipped on Wednesday towards its lowest level in a fortnight as holidays in top consumer China entered a third day, dampening demand, while global growth fears dragged on prices. European finance ministers will call on the Group of 20 biggest world economies at the end of...

  • Boral is well-positioned in Australia: CEO Tuesday, 9 Feb 2016 | 9:28 PM ET
    Boral H1 Net Profit

    Mike Kane, CEO and MD of Boral, says as Australia's economy transitions away from mining, Boral is well-positioned in roads and highway infrastructure.

  • KapStone misses Street 4Q forecasts Tuesday, 9 Feb 2016 | 6:07 PM ET

    NORTHBROOK, Ill. _ KapStone Paper and Packaging Corp. on Tuesday reported fourth-quarter earnings of $11.8 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Five analysts surveyed by Zacks expected $771.9 million.

  • *Sees 2016 profit outlook $5.50- $7.00/ shr vs est $7.01/ shr. *Posts profit $1.52/ shr vs est of $1.38/ shr. The company, which sells seed, fertilizers and chemicals directly to farmers in North America, said it expects to earn $5.50- $7.00 per share in 2016, slightly below analysts' average estimate of $7.01, according to Thomson Reuters I/B/E/S.

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