LaGRANGE, Ga. (AP) — A South Korea-based parts supplier will set up a manufacturing facility in LaGrange that will create 100 new jobs over three years. Gov. Nathan Deal on Friday said Daewon America will invest $14 million to expand an existing facility in LaGrange that would supply the nearby Kia auto plant.
PROVIDENCE, R.I. (AP) — The mayor of Providence is urging Congress not to cut funding for a jobs training program that connects unemployed workers with employers. Mayor Angel Taveras said Wednesday that proposals to slash funding for the Workforce Investment Act could undermine efforts to improve the state's economy.
WASHINGTON (AP) — Consumer prices stayed flat in November, further evidence that inflation has cooled off. Energy costs dropped for the second straight month, which offset higher prices that Americans paid for food, clothes and medical services. Milder inflation offers some relief to consumers, who were hit earlier this year with a surge in gas and food prices.
TOKYO, Dec. 17 (Kyodo) — Prosecutors plan to search the offices of Olympus Corp. by the end of next week on suspicion of falsification of financial reports in connection with the coverup of the company's massive investment losses, investigative sources said Friday. The planned search by the special investigative unit of the Tokyo District Public Prosecutors Office, likely to be conducted jointly with police and the Securities...
BRUSSELS (AP) — The European Union's antitrust watchdog is investigating whether U.S. companies Honeywell and DuPont are colluding to restrict rivals from producing a key refrigerant for car air-conditioning systems that meets new environmental standards. The European Commission said Friday it has received complaints that the two companies entered into "development, licensing and production arrangements" that prevent rivals...
NEW ORLEANS (AP) — A Chinese drywall manufacturer has agreed to pay hundreds of millions of dollars to resolve court claims by thousands of Gulf Coast property owners who say the product corroded pipes and wires and otherwise wrecked their homes, the largest settlement of its kind so far.
Embattled Japanese power company TEPCO makes its chief, Toshio Nishizawa, available to the media. The utility may face nationalization as the plant is taken offline. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Stronger 2011 sales expected, slower growth 2012 through 2014 Construction equipment manufacturers anticipate overall business to close out 2011 with double-digit increases over last year in the U.S., Canada and worldwide. Growth is expected to continue but at a slower pace for 2012 through 2014, according to the annual business "outlook" survey of the Association of Equipment Manufacturers (AEM).
The increased prevalence of counterfeit products only heightens the need for suppliers, distributors, and end users to communicate better and inform each other about the misconceptions out there. There exists a major difference between trying to avoid the purchase of counterfeit products and actually avoiding the purchase of counterfeit products.
San Francisco’s TCHO chocolate company has made strategic decisions in sourcing, production and technology that have vaulted this young chocolatier into the stratosphere of high-quality U.S. chocolate-makers. TCHO was founded in 2007 by Timothy Childs, founder of Cabaret Chocolates and a former engineer of vision systems used in NASA space shuttles.
Brad Holcomb, CPSM, CPSD The November ISM Report On Business indicated economic activity expanded for the 28th consecutive month and the overall economy grew for the 30th straight month. Both pieces of news are certainly welcomed by Bradley J.
Larson Electronics’ Magnalight.com (Kemp, TX) has announced the addition of an LED light tower that provides an economical yet powerful alternative to halogen and metal halide light towers. Designed to provide high quality illumination for large areas, the WALTP-2XWP400 LED costs less than traditional HID towers and provides further savings through greatly reduced energy consumption and no need for frequent bulb replacements.
Sumitomo Electric Carbide, Inc. (Mount Prospect, IL) is pushing the envelope in productivity for hardened steel applications with its CBN technology. Sumitomo’s most recent hardened steel turning advancement, the uncoated CBN grade BN2000, is designed for turning die steels and bearing steels with hardnesses of above 50 HRc.
Columbia Research Laboratories (Woodlyn, PA) has introduced the Model VM-300 vibration meter, a general purpose vibration measuring instrument designed for routine checks of industrial equipment where portability and ease of use are required. Acceleration, velocity, and displacement measurement modes are provided, along with a number of value enhancing features.
igus ® (East Providence, RI) now offers its Chainflex® CF11 and CF211 continuous-flex data cables with a smaller bending radius for demanding, flexing applications on all types of automated machinery. igus was able to reduce the minimum bend radius of Chainflex CF11 by 32 percent, from 10 times the diameter to 6.
PEORIA, Ill. (AP) — Caterpillar Inc. said it expects 2012 revenue of roughly $63.8 billion to $69.6 billion, and it reaffirmed its full-year 2011 guidance on Wednesday. The world's largest maker of construction and mining equipment said it expects a 2011 profit of about $6.75 per share on revenue of $58 billion, the same guidance it gave in October.
NEW YORK (AP) — Coca-Cola Co. announced a deal Thursday with three biotechnology companies that it says will speed its development of plastic for its bottles that will be made entirely from plants. Beverage makers are trying to use new types of bottles to cut their environmental impact and lower their costs.
RALEIGH, N.C. (AP) — A recently created steel company and its big backer Alcoa Inc. set a Thursday deadline for local and state officials to drop opposition of Alcoa renewing a multi-decade license to operate four hydroelectric dams. Alcoa officials had warned that unless their route to a new license to operate the dams was cleared by midnight Thursday, Clean Tech Silicon and Bar LLC would take its estimated 250 production and...
WASHINGTON (AP) — U.S. manufacturing output fell in November for the first time in seven months. The decline was largely because factories made fewer autos. But production of home electronics, appliances and business equipment also dropped. Economists took the industrial production report from the Federal Reserve with a little caution.
TORONTO (AP) — BlackBerry maker Research In Motion Ltd. said Thursday that new phones deemed critical to the company's future will be delayed until late 2012. Mike Lazaridis, one of the company's co-CEOs, said the BlackBerry 10 phones will need a highly integrated chipset that will not be available until mid-2012, so the company can now expect them to ship late in the year.