Joy Global announced on July 21 that its board of directors unanimously approved a definitive merger agreement whereby Komatsu America Corp. will acquire Joy Global in a transaction valued at about $3.7 billion. Under the terms of the agreement, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held, representing a 48…
Read MoreDay: July 22, 2016
New Construction Starts in June Drop 7 Percent
New construction starts in June decreased 7 percent from the previous month to a seasonally adjusted annual rate of $595.1 billion, according to Dodge Data & Analytics. The nonbuilding construction sector (public works and electric utilities) fell sharply after being lifted in May by the start of a $3.8 billion oil pipeline in the upper Midwest and seven large power…
Read MoreInterstate Highway System Turns 60
By Mark S. Kuhar As the U.S. Interstate Highway System turns 60 years old, it faces increasing congestion, unprecedented levels of travel – particularly by large trucks – and insufficient funding to make needed repairs and improvements.
Read MoreEnhanced MSHA Enforcement Begins This Month
On July 1, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) began enhanced enforcement of “Rules to Live By,” its initiative of standards commonly cited following mine deaths, as well as some standards for the coal industry.
Read MoreMSHA Touts MINER Act Anniversary
To commemorate the 10th anniversary of the enactment of the Mine Improvement and New Emergency Response Act of 2006, Assistant Secretary of Labor for the Mine Safety and Health Administration Joseph A. Main issued the following statement:
Read MoreCompany Ordered To Turn Over Employee Contact Information
By Ellen Smith In a split decision, the Federal Mine Safety and Health Review Commission found that MSHA has the right to request employee contact information to interview mine employees who may have knowledge about conditions in a mine where MSHA was conducting a 110(c) investigation, and where dangerous conditions existed over multiple shifts and for several days.
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