Share this article

print logo

National Fuel's Wales transfer station gets closer to an upgrade, baby boomers may bring stock values down and Unifrax acquires part of a Chinese business

From Business Today:

CEODavidFSmith

National Fuel Gas Co. is one step closer to upgrading its Wales transfer station. The Amherst-based energy company got a positive assessment from the Federal Energy Regulatory Commission for its Northern Access Project, which would pump Pennsylvania-produced natural gas from the Marcellus Shale region to the TransCanada Pipeline through existing pipelines. 

The commission will accept public comments about the project until Sept. 16. Comments can be emailed to the FERC at customer@ferc.gov  or mailed to Kimberly D. Bose, Secretary, Federal Energy Regulatory Commission, 888 First St. NE, Room 1A, Washington, D. C. 20426.

Stocks

Baby boomers selling investments to finance retirement may bring down U.S. stock values for a while, according to the Federal Reserve Bank.

Equity to price earnings soared during the boomers' peak earning years from 1981 to 2000. But as they pull out, stock values could see drops for the next two decades, the Fed said.

 

 

Unifrax

A Niagara Falls manufacturer has acquired part of a Chinese company's business. Unifrax, which makes insulation products used in high-temperature applications, acquired the emission control-mat business of Zhejiang Bondlye Motor Environmental Technology through its Hong Kong subsidiary. Terms of the deal were not disclosed.

Who is getting hired, promoted and honored?

This ought to give you a chuckle:

 

There are no comments - be the first to comment