The European Union enacted the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation to protect human health and the environment from the effects of chemicals. Click here to learn more about what REACH compliance means for the plastics industry
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Oil prices rose nearly 2% Monday in volatile trading, jumping from multi-month lows touched last week.
Oil prices turned higher this morning on reports that Russia halted flows on the Druzhba pipeline toward Eastern Europe over transit fees blocked by Western sanctions. In mid-morning trading today, WTI futures were up 1.0% at $91.68/bbl, Brent was up 1.1% at $97.75/bbl, and U.S. natural gas was up 3.2% at $7.84/MMBtu.
U.S. aviation regulators cleared Boeing to resume deliveries of its 787 Dreamliner jets after a two-year halt in output due to manufacturing issues. As soon as Wednesday, Boeing could start to unlock the nearly $10 billion in cash tied up in 120 already-built planes it has in storage.
Airbus confirmed slower deliveries of 46 jets in July as a supply crunch left semi-finished jets outside its factories without engines.
Several Chinese solar-panel suppliers, including some of the world’s largest, have had shipments to the U.S. detained or sent back in recent weeks as customs agents enforce tighter human-rights laws.
Rail equipment-maker Wabtec saw net income rise 35% in the second quarter on higher revenue in its freight segment. The company’s order backlog rose 8% to $23.2 billion.
Second-quarter profit at container line Ocean Network Express jumped 15% to $5.5 billion.
The head of the U.S. Postal Service plans to consolidate 500 processing facilities down to about 65 or 75 regional hubs and may eliminate 50,000 jobs as part of a 10-year break-even plan.
Qualcomm agreed to buy an additional $4.2 billion in computer chips from GlobalFoundries’ New York factory, bringing its total commitment to $7.4 billion in purchases through 2028.
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