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UPDATE 1-U.S. Steel to lay off 545 more people, to idle 2 U.S. plants

2015-01-22 04:00:35| Steel - Topix.net

United States Steel Corp said on Wednesday it would idle plants in Illinois and Indiana, resulting in the layoff of 545 people, due to weak demand from the oil industry. The step comes after the company announced earlier this month it would idle its pipe manufacturing plant in Lorain, Ohio, and lay off 614 workers.

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Johnson & Johnson's $7.2 billion claim against Boston Scientific now with U.S. judge

2015-01-22 03:39:30| Biotech - Topix.net

Now the dispute lies in the hands of a federal judge after lawyers for both companies made final presentations on Wednesday at the close of a non-jury trial in New York federal court. J&J is seeking more than $7.2 billion in damages and interest from Boston Scientific as Guidant's successor, an amount that one analyst has characterized as a "major near-term risk" for a company with a market capitalization of about $19 billion as of Wednesday.

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University of Houston to lead national offshore research centre in Texas, US

2015-01-22 01:00:00| Offshore Technology

The University of Houston (UH) said it will lead one of two new offshore energy research centres in Texas, US.

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Vestas receives 298MW wind turbine contract in Oklahoma, US

2015-01-22 01:00:00| Power Technology

Wind turbine manufacturer Vestas has received an order from First Reserve to deliver turbines for 298MW Kingfisher wind project in Oklahoma, US.

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Wobbly global economy adds some angst to the U.S. cattle market

2015-01-20 23:22:00| Beef

"Tight supplies will continue to pressure (support) cattle and beef supplies and may well lead yet to new record prices, but markets in 2015 are more likely to be more about maintaining current price levels than trending up, says Derrell Peel, Oklahoma State University Extension livestock marketing specialist. BEEF Editors' Blog read more

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