Study: Frac Sand Mining a Boon for Employment, Earnings, Economies

A new Policy Study from The Heartland Institute shows industrial sand mining has been “a significant driver of economic growth across the Upper Midwest.” If done in an environmentally responsible manner, the study finds, “it can be an important source of employment and earnings for decades to come.” The study, titled “Economic Impacts of Industrial Silica Sand (Frac Sand) Mining,” is the second in…

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Caterpillar Reports Mixed First-Quarter Earnings

Caterpillar Inc. announced first-quarter sales and revenues of $12.702 billion, down about 4 percent from first-quarter 2014 sales and revenues of $13.241 billion. First-quarter 2015 profit included a pre-tax gain of $120 million, or about $0.14 per share, from the sale of Caterpillar’s remaining interest in the company’s former third-party logistics business. Caterpillar sold a majority interest in the business in…

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