BEIJING (AP) — China's government said it fined consumer products maker Unilever for disrupting efforts to cool surging inflation by talking to Chinese media about expected price hikes for soap and triggering a buying rush. The British-Dutch company was fined 2 million yuan ($308,000) for "spreading information about price rises and disrupting market pricing order," the Cabinet's planning agency said Friday.
CINCINNATI (AP) — Jet engine manufacturer GE Aviation on Thursday offered to fund continued development of the recently terminated alternate engine for the F-35 Joint Strike Fighter through 2012. The GE Electric Co. unit in Evendale, a Cincinnati suburb, has been developing the F136 engine for about 15 years, but the 2011 U.
NEW YORK (AP) — In the boardroom, it's as if the Great Recession never happened. CEOs at the nation's largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today. The typical pay package for the head of a company in the Standard & Poor's 500 was $9 million in 2010, according to an analysis by The Associated Press using data provided by Equilar, an executive compensation research firm.
HAGERSTOWN, Md. (AP) — Swedish truck maker Volvo says it expects to add at least 50 jobs at its Hagerstown engine-and-transmission plant. An executive made the announcement Wednesday at the plant's 50th anniversary party. He says about 35 jobs will be created when the plant starts making a new transmission for the company's Volvo and Mack trucks in mid-2012.
BEND, Ore. (AP) — Bend-based RBD Instruments deals in equipment so technical that when someone asks about it, President and CEO Randy Dellwo usually gives a simplified answer. He tells them it's similar to working with electron microscopes. For physicists or others who need help operating or aligning their ion guns or rebuilding their duoplasmatrons, RBD Instruments can handle it.
FRANKFORT, Ky. (AP) — Republican gubernatorial candidate Phil Moffett is under attack from a primary opponent for supporting a proposal to allow Kentucky farmers to grow industrial hemp. Moffett has called during the campaign for restrictions to be lifted so that Kentucky farmers could grow hemp for industrial purposes.
NEW YORK (AP) — Renewed worries about the health of the job market weighed on stocks Thursday after the government reported an unexpected jump in unemployment claims. The Labor Department said that first-time claims for unemployment benefits rose to 474,000 last week, the highest level in eight months.
NEW ORLEANS (AP) — The actress who played Elly May Clampett on the hit television series "The Beverly Hillbillies" is suing toy manufacturer Mattel Inc., claiming the company used her name and likeness for a Barbie doll without her authorization. The federal suit filed Wednesday in Baton Rouge, La.
DETROIT (AP) — General Motors Co. reported its highest quarterly profit in more than a decade, helped by demand for fuel-efficient cars and a big gain from selling its stake in its former auto parts business. The company did well in the key North American market, thanks to strong sales, but growth slowed in China and the company lost money in Europe.
An updated VT Series ergonomic vacuum lifter from Anver Corp. (Hudson, MA) has a stronger and more secure handlebar, plus a proprietary lifting tube and tube attachment system. The Anver VT Tube Lifter features a handlebar that secures at six points (front, center, and rear) for rigidity, and is fully adjustable to let operators tailor it to their own requirements.
Rotor Clip Company, Inc. (Somerset, NJ) has introduced its newest line of spiral retaining springs specifically designed to withstand the rigors and functional stresses of the wind power industry. A machined lughole — specially-designed to accommodate Rotor Clip’s V-Orbis tool — makes installation and removal easier than traditionally-designed spiral rings, which cannot be easily removed without damage to either the ring or application.
The CleanAC kit, from Controlled Release Technologies, Inc. (CRT; Shelby, NC), is an annual, four-step allocation process that rids HVAC handler units of build-up and accumulation by cleaning, sanitizing, and protecting both the evaporator coil and the condensate pan. By using the CleanAC kit, users can help buildings maintain positive indoor air quality and avoid odor problems originating in the HVAC system.
The Garland Company, Inc. (Cleveland, OH) has announced upgrades to its R-Mer Edge fascia and coping systems for low-slope roofing, which is the first line of defense against high winds, says the company. The systems are certified to conform to ANSI/SPRI ES-1, which formalizes the International Building Code (IBC) specifications for resistance to wind-related failures.
Scientists at Sao Paulo's State University in Brazil have found that certain plants — such as agave, pineapple, and banana skins — can be used to make more resistant, eco-friendly plastics. According to some, these plastics are remarkably strong, and with any luck, this technology will continue to be developed in the coming years.
Our Biggest Blunder List With all the hype about RFID over the past few years, a lot of people have claimed to have more expertise than they actually possess. Here are some of the mistakes made and lessons learned the hard way in no particular order or project: 1) Assuming that because you are an industry expert in a given area that you know how to implement an RFID system.
Children start designing and making things from the time that they can hold a crayon and spill glue — it comes naturally and is generally encouraged by parents and teachers alike. It’s about expression, ideas, and innovation — exactly the same concepts that lie behind successful design, engineering, and manufacturing.
Muskegon, Michigan, May 4, 2011– Reid Supply Company, one of the country's leading suppliers of industrial products , now offers a free online Carbon Footprint Calculator and other calculators to help industry and education take proactive steps to lower their energy use. Many manufacturers and educators needed a resource to find Carbon Footprint Calculators, Fuel Cost Calculators, Performance Benchmarking Tools, Facility Assessment Wizards, Workplace Posters, Energy Posters, and more.
Intel has announced that it will begin manufacturing a new type of transistor for its computer chips. Instead of the typical “flat” transistors, it will use three-dimensional ones, which has been a development a decade in the making. As with most things computers, their hope is to do things faster, cheaper, and while using much less power.
By all accounts, the United States economy is back on track following the Great Recession. But is the future bright for each and every economic class? Experts Chrystia Freeland and David Frum take an in-depth look at a new report on globalization and its economic impact on the American middle class.
WASHINGTON (AP) — The data breach of Sony's PlayStation Network resulted from a "very carefully planned, very professional, highly sophisticated criminal cyber attack designed to steal personal and credit card information for illegal purposes," a Sony executive said. In a letter to members of the House Commerce Committee released Wednesday, Kazuo Hirai, chairman of Sony Computer Entertainment America LLC, defended the company's handling of the breach.