ZURICH (AP) — Swiss-based electrical engineering company ABB Group said Monday it expected third-quarter net profit of around $1 billion after booking charges for an alleged price fixing fine, higher taxes and restructuring costs. ABB officially announces its quarterly results on Oct.
RIDLEY PARK, Pa. (AP) — Union workers at Boeing Co.'s Rotorcraft plant near Philadelphia have ratified a new five-year contract with the aircraft maker that will give them raises of 2 percent to 4 percent a year and a lump-sum payment of $3,500 in the first year, the company and the union said Sunday.
Businesses that are struggling from the financial problems in the current economic slow down are under pressure to evaluate daily operations for new cost efficiencies. Particularly in the manufacturing sectors were profitability has been hit hard, companies that produce consumer products, commercial products, vehicle products, and even capital equipment have had to cut jobs and cut unnecessary costs to stay alive let alone competitive.
Hi-Tec announces the release of the Sidewinderbarrier, which adds a vinyl wall of protection at sensitive points in the factory or other strategic locations. The 6” x 6” Sidewinderbarrier tower is bolted to the floor, and when needed, one can pull the vinyl panel to a distance of 12 to 18 feet.
The EasyMark 5-in-1 Tooling Kit from Mate Precision Tooling (Anoka, MN) is a thick turret application tooling system for machines with a bottom stroke forming feature. The system can be set up to automatically perform any of the following five marking applications: Write numbers, dates, and other important information — no penetration or metal removal is involved.
The TS8 Disconnect Module from the Rittal Corporation (Urbana, OH) turns any single door TS8 modular freestanding industrial enclosure into a flange-mount disconnect enclosure. The module installs in place of a standard TS8 sidewall and interlocks with the enclosure door to function as any conventional disconnect door would.
iKey (Austin, TX) introduces the DT-102-SS industrial keyboard, a rugged touchpad keyboard manufactured from stainless steel. The keyboard has been designed to meet NEMA 4X and IP68 specifications, allowing it to withstand rain, snow, splashing water, hose-directed water, and even dogs .
INDEPENDENCE, Iowa (AP) — Tyson Foods has announced plans to reopen its plant in Independence in 2010 to produce pet treats. The plant was closed in 2006 by the poultry and meat processor, costing about 400 workers their jobs. The Iowa Economic Development Board approved incentives, including a $400,000 forgivable loan, intended to get the Independence plant up and running.
SEATTLE (AP) — Advanced Micro Devices Inc. lost money in the third quarter but said Thursday that sales were stronger than expected, adding to mounting evidence that consumer spending is fueling a turnaround in the personal computer market. AMD sells about 20 percent of the world's computer microprocessors, which are the brains inside PCs.
DETROIT (AP) — An engineer copied thousands of electronic documents and stole trade secrets before quitting Ford Motor Co. for a new job in China, authorities said Thursday in announcing criminal charges.> Xiang Dong Yu, also known as Mike Yu, was arrested Wednesday in Chicago after traveling from China, the U.
SHANGHAI (AP) — China, the world's biggest steel producer, is pushing to replace the benchmark arrangement long used by the industry to price iron ore imports with one giving it a bigger say. China sought price cuts from miners of up to 40 percent this year following two years of increases totaling more than 100 percent.
WINSTON-SALEM, N.C. (AP) — Production at the North Carolina plant that Dell Inc. is closing in Winston-Salem will be moved to Mexico and other countries, according to a federal document. The High Point Enterprise reported Friday that Dell indicated in a Trade Adjustment Assistance Act petition that the work that has been done in Winston-Salem will be given to third-party providers in Mexico and other countries.
CANTON, Ohio (AP) — Timken Co., which makes ball bearings and transmission products, says it has a tentative four-year contract agreement with leaders of a United Steel Workers local that covers 2,300 workers in Canton. The current contract was extended to Oct. 31 to allow time for a ratification vote later this month by members of USW Local 1123, Timken said.
The continued woes at General Electric's big financial unit fueled a big drop in its third-quarter earnings, outweighing signs of improvement in its divisions that make heavy machinery and other industrial equipment, the company said Friday. GE posted a 44-percent decline in profit to $2.4 billion, or 23 cents per share, hurt by much lower earnings at its GE Capital arm, which loans money to businesses ranging from credit cards to shopping centers.
A simple, self-lubricating machine. Now, if it could do something other than lubricate itself, the people at MIT who built it might be on to something. Wouldn't it be great if all our machines took this great care of themselves? Do you have any comments or questions about our Thursday video editions of IMPO Insider ? Or do you have a video you'd like to see featured in a future deployment? Email me at Joel.