President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
Nordstrom has chosen Oct. 24 for the grand opening of its women's store in New York, the largest single-project investment in the company's history.Retailread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
(Adds details on chemical spill, background on fires, civil lawsuits against ITC, Harris County response costs)
April 29 (Reuters) - Mitsui & Co Ltd's Intercontinental Terminals Co faces five environmental criminal charges following a chemical fire in March at its Deer Park, Texas, petrochemical storage facility, local officials said on Monday.
ITC was charged with polluting waterways that flow into the Gulf of Mexico, according to a statement by the Harris County district attorney. ITC could face penalties of up to $100,000 for each of the five charges, according to Harris County.
ITC did not immediately return a call for comment.
After a fire caused a dike at the facility to break, "large (and still unknown) quantities" of toxic chemicals, xylene and benzene, spilled into a nearby waterway for five days, Harris County District Attorney Kim Ogg said in a statement.
"The discharge from the ITC fire into Tucker Bayou is a clear water pollution case," Alex Forrest, an environmental crimes division chief prosecutor with the district attorney's office, said in a statement.
Texas Commission on Environmental Quality (TCEQ), the state's environmental regulatory authority, and Harris County filed a lawsuit late last month against ITC seeking civil penalties and the recovery of Harris County's costs of responding to the March fires.
Harris County's response cost at least $1.9 million, after county employees devoted tens of thousands of work hours to firefighting, pollution control, public health and law enforcement departments, said Shain Carrizal, Harris County director of finance.
Inspectors from U.S. Chemical Safety Board, Environmental Protection Agency, TCEQ and Harris County have begun investigations into the cause of the fire, which destroyed 11 tanks.
Harris County will determine if other charges will follow after other local and federal agencies have completed their investigations, Forrest said.
(Reporting by Collin Eaton in Houston; Editing by Tom Brown and Marguerita Choy)