The House of Representatives voted 378 to 46 to retroactively extend $45 billion in tax deductions for the 2014 tax year, allowing millions of businesses and individuals to claim them on this year’s returns. On Dec. 19, 2014, President Obama signed the Tax Increase Prevention Act (H.R. 5771) into law.
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Lhoist North America Announces Price Increases
Lhoist North America (LNA) announced a price increase for mineral products effective Jan. 1, 2015. Subject to existing contractual commitments, all products shipped after Dec. 31, 2014, will be billed at the new price regardless of the date the order is placed.
Read MoreIronPlanet, Cat Auction to Merge
IronPlanet, a leading online marketplace for buying and selling used heavy equipment and trucks, and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent Cat dealers that operates under the name of Cat Auction Services, have signed an agreement to merge the two companies.
Read MoreEPA Will Not Regulate Fly-Ash As Hazardous Material
The Obama administration announced the first federal regulations for disposal of fly-ash from power plants in an attempt to shield the environment from the toxic substance, however it will not define fly-ash a “hazardous material.”The new rule from the Environmental Protection Agency (EPA) sets structural integrity standards for all existing and new disposal sites to reduce the chances that they…
Read MoreLehigh Hanson Announces Quarry Life Award Winners
Lehigh Hanson Inc., a wholly-owned subsidiary of HeidelbergCement, is announced the 2014 Quarry Life Award winners for North America. The Quarry Life Award program is HeidelbergCement’s international research and education competition focusing on mining sites and the need to raise awareness about the biological value of mineral extraction sites worldwide.
Read MoreVulcan Touts Land Management Successes
Responsible land management is integral to sustaining Vulcan Material’s success, according to the company. “We strive to achieve a balance between the value we create through our mining activities and the value created when it’s time for our properties’ next use,” the company said.
Read MoreHousing Production Falls 1.6 Percent in November
Following an upwardly revised rate last month, housing starts in November slipped 1.6 percent to a seasonally adjusted annual rate of 1.028 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Three-month moving averages for total and single-family production were at their highest levels since the Great Recession.
Read MoreNovember Construction Jumps 13 Percent
At a seasonally adjusted annual rate of $677.8 billion, new construction starts in November climbed 13 percent from the previous month, according to Dodge Data & Analytics (formerly McGraw Hill Construction). Nonresidential building had a particularly strong month, lifted by the start of several unusually large projects, including two massive manufacturing plants and an airport terminal redevelopment. The nonbuilding construction…
Read MoreVirginia Transportation Investment Pays-Off Big, New Study Finds
Highway and bridge construction investment by local governments and the Virginia Department of Transportation (VDOT) is a key part of the Virginia economy, supporting $4.6 billion in state economic output, $2.4 billion in Gross State Product (GSP) and 36,390 jobs, a new study finds.
Read MorePolaris Minerals Renamed Polaris Materials
Polaris Minerals Corp. will change its name to Polaris Materials Corp. The change of name was approved by shareholders at the company’s 2014 Annual General Meeting when 99.3 percent of the votes cast were in favor of the proposed change of name. The company will continue to have the same TSX stock symbol of ‘PLS’ and will adopt a new…
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