The largest metals service center in North America, Reliance Steel & Aluminum Co., announced that effective Oct. 1 it had acquired all outstanding limited liability company interests of the privately held Sunbelt Steel Texas, LLC.
Industrials
Chuck Schwab Says 'Fiscal Cliff' Resolution Not Likely by Dec. 31
Investors should brace for volatility over the next few months as U.S. politicians are unlikely to agree on a budget deal by year end, though that could lead to some good buying opportunities, Charles "Chuck" Schwab, founder and chairman of his namesake firm, said on Wednesday.
Ex-Temasek Executive Tang's Fountainvest Raises $1.35 Billion in 2nd Buyout Fund
China-focused private equity firm Fountainvest Partners, headed by ex-Temasek executive Frank Tang, has raised $1.35 billion in its second fund, the company said on Wednesday, defying tight fundraising conditions in Asia.
Earthquake in Southern Spain Linked to Farmers' Drilling: Study in Nature Geoscience Finds
A study examining the causes of the 2011 earthquake in Spain's agricultural city of Lorca, shows that years of drilling and pumping water from an underground reservoir may have triggered the 5.1 magnitude event. The May 11, 2011 quake was Spain's worst in 50 years, claiming nine lives and costing the country billions of euros in damage.
Bogus Renewable Energy Credit Sales Help Fuel Opposition to Biodiesel Mandates
The sale of at least $100 million in fraudulent renewable energy credits since 2009 has fueled arguments by oil and gas refineries opposed to their government-mandated purchase of such credits.
Latest News
(Reuters) U.S. manufacturing ended its worst quarter in three years in September as foreign demand for U.S. goods fell sharply, an industry survey showed on Monday.
Yara has agreed with Orica and Apache to form joint ventures to build a 330,000 metric tons ammonium nitrate (TAN) plant on the Burrup peninsula.
Private equity firms TPG Capital and Carlyle Group are separately considering bids for United Technologies Corp's industrial units at $3.5 billion to $4 billion.
China Yongda Automobiles Services has launched its Hong Kong initial public offering, aiming to raise as much as HK$3.37 billion ($434 million).
Naturally Advanced Technologies Inc. has entered a joint development agreement with Austria-based Lenzing Group.
Fourier transform makes the investment together with the current owners, CEO Goran Bredinger and Vice President Håkan Johannesson.
Thunder Mountain Gold, Inc. (TSX-V: THM; OTCQB: THMG), a junior gold exploration mining company has consummated a US$1. 0 million convertible promissory note (the "Convertible Note") as part of the financing agreement with Idaho State Gold Company, LLC an Idaho Limited liability company ("ISGC").
Faurecia will acquire the Saline, Mich. (USA), interior components business. As part of its continued growth in North America and commitment to its long-term customer Ford Motor Company, Faurecia will acquire the Saline, Mich.
Chery Automobile Co Ltd, is in talks with banks for a roughly Rmb6bn ($951.3 million) loan for its joint venture with Jaguar Land Rover Ltd, sources said.
