LOS ANGELES (AP) — Ford Motor Co. shares sank Monday after an Ohio judge said the automaker had to pay nearly $2 billion in damages to thousands of dealerships who participated in a 2002 class-action lawsuit. Ford has said it would appeal. THE SPARK: Cuyahoga County Common Pleas Judge Peter Corrigan in Cleveland issued the ruling based on a Feb.
NEW YORK (AP) — Clothing and footwear maker VF Corp., whose brands include Wrangler, Nautica and The North Face, said Monday it will buy boot and clothing maker Timberland Co. for more than $2.2 billion as it seeks to expand its outdoor offerings. VF plans to make Timberland part of its outdoor and actions sports business, and it said Timberland's headquarters will remain in Stratham, New Hampshire.
MORRIS TOWNSHIP, N.J. (AP) — Honeywell International Inc. said Monday that it had agreed to buy EMS Technologies Inc., which supplies communications equipment to the aerospace, defense and trucking industries, for about $506 million. Honeywell, the industrial conglomerate, is paying $33 per share in cash, a 33 percent premium to EMS's Friday closing price.
DURHAM, N.C. (AP) — President Barack Obama pledged Monday to push business-friendly policies on issues including free-trade agreements and worker pension funds as he sought to make good on promises to grow the economy and jobs by boosting competitiveness. "We know this is something we're going to have to work with everyone on, labor and business," Obama said as he sat with his jobs and competitiveness council, which met at an energy-efficient lighting plant in Durham, N.
TOKYO (AP) — Six more workers at Japan's tsunami-damaged nuclear power plant may have exceeded the radiation exposure limit, bringing the total to eight, the government said Monday. The health and labor ministry released the preliminary results of tests on how much radiation they had been exposed to as they worked at the Fukushima Dai-ichi plant.
CNN ’s Fareed Zakaria has recently been talking up jobs in just about every media format available, whether it’s TV or in print. He says that the absolute key to restoring America's economy—and thereby reducing its debt—is reducing unemployment. This time, he breaks down a proposal for an infrastructure bank, which would push the creation of America’s infrastructure to the private market and ideally create jobs in the process.
A compact in-line static mixer that injects multiple chemicals and saves up to 70 percent over the cost of conventional static mixers, according to Westfall Manufacturing Company (Bristol, RI), is now available. The Westfall Model 2800 Static Mixer is a fixed plate that features an internal orifice design with angled tabs, which are computer-designed and tested to arrive at the optimal shape for mixing with minimal head loss.
The new SCW 18-A CPC Cordless Circular Saw from Hilti (Tulsa, OK) allows users to cut as they move around the job site. The Cordless Power Care (CPC) battery system provides more capacity, with an increased number of cuts per charge. In addition, the improved line-of-sight design, easy-to-read marking, easy-to-use adjustment, plus an electric blade brake.
Zero-Max (Plymouth, MN) is now offering Phas-Lok adjusting hubs to provide a fast and easy method for changing the phase relationship of components in a power transmission system. The Phas-Lok provides an accurate, mechanical adjustment within a 24° range (±12°) and they eliminate the need to disconnect or remove drive components in order to reposition drive components.
Meggitt Sensing Systems (San Juan Capistrano, CA) has introduced the Endevco hardline cable assembly, which offers high-reliability performance to 900°F in support of high-temperature measurement requirements. It has a hermetically-sealed design for high resistance to corrosion, humidity, and other harsh environmental conditions.
This article first appeared in Food Manufacturing 's June 2011 issue. Tree Top’s facility in Wenatchee, Wash., uses fresh apples and green technologies to supply the world’s largest food companies with quality ingredients. Tree Top began processing apple juice over fifty years ago on “Produce Row” in Selah, Washington.
Transforming your sales pipeline into profits depends on how well customer expectations are identified and exceeded. The highest-selling manufacturing companies have an obsession for delivering strong value over and over again. This obsession dominates these companies’ mindsets and forces a new urgency to exceed customer expectations on a consistent basis.
TEXARKANA, Ark. (AP) — The federal Occupational Safety and Health Administration has fined Tyson Foods Inc. $70,000 in the wake of a fatal collapse at the company's Nashville, Ark., feed mill. The Texarkana Gazette reports OSHA cited Tyson earlier this month, saying a collapsed grain silo was "structurally unsound.
STOCKHOLM (AP) — Saab Automobile AB said Monday it has signed a nonbinding agreement with two Chinese companies, which will inject a total of euro245 million ($351 million) into Saab-owner Spyker Cars NV. Saab said Zhejiang Youngman Lotus Automobile Co. will invest euro136 million for a 29.
LOS ANGELES. (AP) — After years of legal wrangling, the first of hundreds of lawsuits over acceleration problems against Toyota Motor Corp. has been scheduled for trial. A crash that killed two people in Utah will be the first lawsuit to be weighed in court, a federal judge said Friday. U.
BEIJING (AP) — Protesters in southern China's manufacturing hub torched emergency vehicles in an outburst of anger against police abuse of migrant workers, eyewitnesses said Monday. Sunday night's rioting followed three days of steadily growing unrest in the town of Xintang in Guangdong province, the linchpin of China's crucial export industry.
WASHINGTON (AP) — The strong-smelling chemical formaldehyde causes cancer, while styrene, a second industrial chemical that's used worldwide in the manufacture of fiberglass and food containers, may cause cancer, the National Institutes of Health says. The NIH said Friday that people with higher measures of exposure to formaldehyde are at increased risk for certain types of rare cancers, including those affecting the upper part of the throat behind the nose.
YORK, Pa. (AP) — A fleet of automated guided carriers — robotic smart carts — perform a mechanical ballet along the concrete floor of a building once solely reserved for making Harley-Davidson Softail motorcycles. By August, more than 100 of the orange go-cart-sized bots will snake through on five rows of thin magnetic tape, carrying in-process Trike, Touring and Softail motorcycles through a futuristic assembly line that can be reconfigured within days to meet production demand.
Thomas Dinwoodie, the founder and CTO of Sunpower, claims that new solar power construction will end up being a cheaper alternative to new coal or nuclear power. He cites the enormous construction costs that go along with a nuclear plant, compared to the plummeting costs of solar arrays. He also takes issue with the government’s assessment that solar is in fact not the cheaper alternative.
National Optronics, a Virginia manufacturer of high-precision machines for surfacing and finishing plastic eyeglass lenses, has learned firsthand the benefits of involving a casting house at the design stage in the production of certain parts. A leading manufacturer of lens processing equipment is saving time and money, thanks to an economical casting process.