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Deere Announces Record Earnings

Deere & Co. sales and income reached new single-quarter records, according to the company. Net income was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year.

Read more: Deere Announces Record Earnings

Minerals Bill Heads to Committee Mark-Up

The House Natural Resources Committee scheduled a markup for Rep. Mark Amodei’s (R-Nev.) National Strategic and Critical Minerals Production Act (H.R. 761) for the morning of May 15, according to the National Stone, Sand and Gravel Association. Aimed at making America less dependent on foreign “critical and strategic” minerals, including aggregates, the bill is identical to the one passed by the House during the 112th Congress, and would require the U.S. Department of Agriculture and the U.S. Department of the Interior to more effectively develop domestic resources of minerals of "strategic and critical importance.”

Read more: Minerals Bill Heads to Committee Mark-Up

Vulcan, Martin Marietta Look Forward

Vulcan Materials and Martin Marietta Materials, in their respective quarterly reports, looked ahead to the rest of the year.

Read more: Vulcan, Martin Marietta Look Forward

Housing Starts Slip in April

A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month, with a particularly strong gain in multifamily issuance.

Read more: Housing Starts Slip in April

MSHA, U.S. Lime Reach Settlement in Mine Death

The U.S. Department of Labor’s Mine Safety and Health Administration announced that it has reached a settlement of $211,002 with U.S. Lime Co. in the May 2010 death of a maintenance manager at St. Clair Mine in Marble City, Okla. The settlement involves 39 citations and orders issued in the wake of the accident and during subsequent mine inspections.

Read more: MSHA, U.S. Lime Reach Settlement in Mine Death