Leo Gerard News
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Carlyle Group, the Washington-based private-equity firm that went public this year, is taking over operations of a Sunoco Inc. refinery on a bet that revived U.S. oil and natural-gas output can restore to profit the oldest continually operating refinery on the U.S. East Coast.
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For 23 years, Timken Co. campaigned for U.S. tariffs on bearings from Asia. Now it’s rushing to open factories there to make parts for Chinese wind farms.
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Chinese makers of turbines for a Texas wind farm agreed to buy steel from U.S. producers after lawmakers objected to foreign production of the equipment.
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“I am told I cannot talk about industrial policy in polite American company,” Dow Chemical Co. Chief Executive Officer Andrew Liveris told a business audience last March. “I’m not sure why, since the world’s two strongest economies, Germany and Japan, both have such policies.”
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After Murilo Ferreira helped Vale SA win a takeover battle for Canadian miner Inco Ltd. in 2006, his boss, Chief Executive Officer Roger Agnelli , promoted him to head the unit and build a global nickel business from Toronto.
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U.S. labor unions will support the Occupy Wall Street demonstrations because the protests spreading nationwide have tapped into the anger of unemployed Americans, AFL-CIO President Richard Trumka said.
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Wind-energy companies agreed to buy more parts from U.S. suppliers, and a labor union promised to join in lobbying Congress for a requirement to use more renewable energy.
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After efforts across the U.S. this year to rein in government-worker unions, Ohioans today will decide whether Governor John Kasich and Republican lawmakers went too far.
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President Barack Obama asked Congress for $26 million and at least 50 people for a new U.S. panel to investigate unfair trade practices by nations including China, whose Vice President Xi Jinping arrives today for a U.S. visit.
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Anti-Wall Street protests escalated with more than 700 arrests over the weekend, thrusting the once- dwindling demonstrations into the national spotlight.
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