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US close: Stocks tumble as global markets are hit by China slowdown fears

2015-08-24 23:45:35| Grocery - Topix.net

US stocks ended a volatile session off their worst levels but still sharply lower on the back of a major selloff that saw Chinese shares plunge to their lowest point since 2007. The Dow Jones Industrial Average, which had fallen by over 1,000 points at the open, ended down 588.47 points or 3.6%, while the Nasdaq closed 3.8% or 179.79 points weaker.

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GE Oil & Gas to close its Lufkin foundry division, resulting in loss of 176 jobs

2015-08-24 23:36:13| Oil & Gas - Topix.net

GE Oil & Gas issued a statement on Monday that the company plans to shut down its Lufkin foundry division. The decision to shutter the historic foundry will result in the loss of 176 jobs.

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Railroad tracks to close for repairs Tuesday

2015-08-24 22:46:00| Railroads - Topix.net

TUCSON, AZ - Drivers should look out for a railroad closure on the south side, set to begin on Tuesday. The Union Pacific Railroad will shut down the railroad crossing along Contractor's Way, between Ajo Way and Irvington Road for a little over 24 hours.

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Crown Metal Packaging to reportedly close Canada plant

2015-08-24 19:45:17| Industrial Machines - Topix.net

Crown Metal Packaging Canada will reportedly close a factory in Chatham, Ontario, in October this year, according to the Chatham Daily News. The company manufactures sanitary cans for the food industry and sustainable inks for the beverage market at the site and was formerly known as Star-Kist Company before being acquired by Crown Cork & Seal Canada in 2003.

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Pfizer says Hospira purchase will close in early September

2015-08-24 18:23:10| Biotech - Topix.net

Drugmaker Pfizer says it's received the final regulatory approvals for its $15.23 billion purchase of the injectable drug and infusion device maker Hospira, and says the deal will close in early September. The New York company said Monday regulators in the U.S. and Brazil cleared the deal.

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