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Employment down 35,000 in September

October 7, 2005

Nonfarm payroll employment was little changed (-35,000) in September, and the unemployment rate rose to 5.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The...

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Mittal Steel USA chooses Chicago for headquarters

October 7, 2005

Mittal Steel has chosen Chicago's Loop for its U.S. headquarters.Along with Illinois Gov. Rod Blagojevich and Chicago Mayor Richard M. Daley, the company today announced that it has selected a new...

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Flow Intl. appoints VP, CFO

October 6, 2005

Flow Intl. Corp., a supplier of ultrahigh-pressure waterjet products, has appointed Douglas P. Fletcher as vice president and CFO. Fletcher will oversee all of the company's financial functions from...

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ALSCO Metals Corp. sold to Aleris Intl.

October 5, 2005

Sun Capital Partners Inc., a private investment firm, today announced that one of its affiliated portfolio companies, ALSCO Metals Corp., has been sold for $150 million in cash to Aleris International...

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Planned layoffs rose slightly in September

October 5, 2005

U.S. firms planned slightly more layoffs in September compared to August, a report by employment consulting firm Challenger, Gray & Christmas said today. Employers announced 71,836 planned layoffs in...

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Dofasco completes Copperweld segment acquisition

October 4, 2005

Dofasco Inc., Hamilton, Ont., announced today that it has successfully completed the acquisition of certain assets of Copperweld Holding Company of Pittsburgh, Pa., through a transaction with Atlas...

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Factory orders post 2.5 percent gain in August

October 4, 2005

New orders for manufactured goods in August increased $9.7 billion or 2.5 percent to $395.2 billion, the U.S. Census Bureau reported today. This followed a 2.5 percent decrease in July.Shipments, up...

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Macsteel acquires Alpha Processing

October 4, 2005

Macsteel Service Centers USA Inc., Newport Beach, Calif., announced today that it is expanding its heavy gauge steel processing capabilities by acquiring the business and assets of Alpha Processing...

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U.S. manufacturing activity grew in September

October 3, 2005

Economic activity in the manufacturing sector grew in September for the 28th consecutive month, while the overall economy grew for the 47th consecutive month, said the nation's supply executives in...

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Mittal Steel USA restarting Indiana plant blast furnace

September 30, 2005

Mittal Steel has decided to restart a blast furnace in East Chicago, Ind., at about the time another is going down in Cleveland.The moves are part of the company's ongoing effort to balance its supply...

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General Steel, Baotou Steel sign joint venture agreement

September 30, 2005

General Steel Holdings Inc., Tianjin, China, a manufacturer of hot-rolled steel sheets primarily for use in tractors, agricultural vehicles, and other specialty vehicles, today announced that the...

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ITW to acquire Instron Corp.

September 30, 2005

Illinois Tool Works Inc. (ITW) today announced that it has signed an agreement with Kirtland Capital Partners to purchase Instron Corp., a supplier of instruments, software, and services for the...

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Alcan to invest in Slovakian aluminum extrusion plant

September 29, 2005

Alcan Inc., Montreal, has announced that it plans to invest US$35 million in a new aluminum extrusion plant in Slovakia to produce profiles mostly for the building and construction sectors in Eastern...

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U.S. Mint looking for ready-to-coin blanks

September 28, 2005

The U.S. Mint is looking for stamping companies to bid on providing ready-to-coin blanks or planchets.The Mint is engaged in a Public-Private Competition under a deviation granted by the Office of...

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U.S. durable goods orders rose 3.3 percent in August

September 28, 2005

New orders for manufactured durable goods in August increased $6.8 billion or 3.3 percent to $210.9 billion the U.S. Census Bureau announced today. This increase followed a 5.3 percent July...

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