MILWAUKEE (AP) — The former Koss Corp. executive accused of embezzling $34 million from the headphones manufacturer faces sentencing Wednesday in federal court in Milwaukee. Koss chief executive Michael Koss is asking the judge to sentence Sue Sachdeva (sah-CHEE'-vah) to the maximum 15 to 20 years.
NEW YORK (AP) — When General Motors finally offers stock to the public later this week, small investors will probably be left out in the cold. Pension funds, mutual funds and other big institutions all want a piece of the rehabilitated GM. That means the three dozen banks divvying up the new shares may not have much left for individual investors.
WASHINGTON (AP) — Industrial production in the U.S. was unchanged in October, as a sharp drop in utility output offset gains by manufacturers producing big-ticket goods for consumers and businesses. The Federal Reserve says that output at the nation's factories, mines and utilities was flat last month after falling by 0.
The Instapak RC45 foam from Sealed Air (Danbury, CT) provides users with a plant-based, renewable-content packaging form that is ideal for light-duty packaging applications. The RC45 foam contains 25 percent renewable content in the finished foam, providing a reduction in the use of petroleum-based raw materials.
The Monolec Extend EM Grease from Lubrication Engineers, Inc. (Fort Worth, TX) helps bearings run cooler and last longer, along with increasing efficiency and mechanical stability. According to the company, it is ideal for severe conditions, where extreme temperatures and high speeds are present.
CombiScale Inc. (Opa Locka, FL) now allows for operators to control the company’s Primo Weigher 360 more easily — eliminating the need to go back and forth between the weigher and HMI interface — with only a Windows-based smart phone. Operators can execute any function, including a step-by-step wizard, run the automatic self-check start-up routine, or run a self diagnosis.
The Fredericks Company (Huntingdon Valley, PA) has announced the release of its new Dual Axis Inclinometer with 0-5 V analog outputs (X and Y axes) for PWM and temperature. The new inclinometer is designed for all types of instrumentation and equipment, with an angle range of ±60° over the X and Y axis, 0.
MILWAUKEE (AP) — While the recession took a toll on manufacturing and other industries, one part of the U.S. economy has remained a bright spot over the past few years: food production. Across the nation, food producers are seeing enough growth that many are expanding and investing in new equipment.
SHANGHAI, Nov. 16, 2010/PRNewswire/ -- SPX Corporation today reiterated its long-term commitment to China and the Asia-Pacific region with an official ground-breaking ceremony marking the start of construction of its new 53-acre China manufacturing campus, which is being built in the FOHO Economic Development Zone.
DETROIT, Nov. 16, 2010 /PRNewswire/ -- A coalition of public and private enterprises, led by Detroit Renewable Energy LLC, the new parent company of Detroit Thermal, LLC; along with the City of Detroit, the Greater Detroit Resource Recovery Authority, the International Union of Operating Engineers Local 324, Utility Workers Union of America, AFL, CIO Local 223, and DTE Energy, has attracted a $50 million investment to Detroit in a deal that assures a long-term, cost-effective and eco-friendly supply of renewable energy from waste derived fuel to support the essential energy needs of Detroit's core business districts.
WASHINGTON (AP) — Industrial production was unchanged in October, even as manufacturers revved up to produce more big-ticket goods for consumers and businesses. A drop in output by utilities offset factory growth. The Federal Reserve says that output at the nation's factories, mines and utilities was flat last month after falling by 0.
SAVANNAH, Ga. (AP) — Aircraft manufacturer Gulfstream Aerospace Corp. said Monday it plans to add 1,000 employees over the next seven years as part of a $500 million expansion plan. Management cited order bookings, which increased in the third quarter to the highest level since mid-2008.
DETROIT (AP) — A confident General Motors has added 20 million shares of preferred stock to its initial public offering, and it raised the estimated price range for common shares by about 14 percent to $32 to $33. The Detroit automaker, just 16 months out of bankruptcy protection, will now sell 80 million shares of preferred stock for $50 each when its offering takes place on Thursday.
Compressors may not have drastically changed, but manufacturers still find ways to innovate. During one episode of the sitcom Seinfeld , George Costanza made a profound observation about a product that had not seen any developments in his lifetime. “Everything else has changed.
Forsta Filters Inc. (Los Angeles, CA) has developed their self-cleaning water filters, which help reduce water use, improve energy efficiency, and are made from sustainable materials, according to the company. They are ideal for protecting heat exchangers, condenser tubes, and other water-cooled process equipment because they can control particulate levels.
The Sitema Safety Catchers, manufactured by Sitema GmbH (Karlsruche, Germany), are clamping devices that mount around shafts to support vertical loads. They can decelerate and stop falling loadings, preventing personal injury or damage to equipment. A series of wedged clamping jaws are arranged inside the Safety Catcher housing, each with one slide lining and one brake lining.
Pres-On (Addison, IL) has developed the PBWMF-4 white masking film, which can help prevent glass, auto trim, clear-coated aluminum and other polished surfaces from being scratched during manufacturing, shipping, or installation. PBWMF-4 is a 3.0 mil polyolefin film coated with a removable acrylic adhesive, and removes cleanly from most surfaces up to one year after deployment, depending on the application.
Eriez (Erie, PA) has announced its newly redesigned Dry Vibrating Magnetic Filter (DVMF) with a stainless steel construction option that makes it an ideal choice for handling various powders. The DVMF uses a high-intensity, high-gradient magnetic field generated in the bore of a solenoid coil.
By dividing the PET bottle manufacturing process into two steps instead of one, manufacturers experience significant savings in shipping and inventory costs. For decades, producers of PET blow-molded containers have been shipping bulky bottles and jars that contained nothing more than air, in many cases over long distances.
DETROIT (AP) — Among the banks helping General Motors with its initial public stock offering next week are two identified by initials only: ICBC and CICC. Americans uncomfortable with U.S. government ownership of General Motors may want to hear more: One of those banks is the Industrial and Commercial Bank of China, one of China's four big central government banks.