By now, most legal, finance, and compliance personnel at large international manufacturers are well versed in the compliance requirements of the U.S. Foreign Corrupt Practices Act of 1977 (FCPA). Executive leadership at most companies that are affected by the FCPA have been satisfactorily scared into compliance by promises of huge fines and jail time if violations of the FCPA are uncovered.
The word at the root of “succession”—intentionally relevant or not—is success. This abstraction is no less implied as it is a tradition for MSC Industrial Supply, as it embarks on the latest “passing of the torch” from CEO David Sandler to his board-appointed successor, Erik Gershwind.
Do your mast hoses look like this? Many times, the last thing we think of is maintaining the hoses on our material handling equipment. But without maintaining, hoses will surely create machine downtime. More importantly, if the hose fails, it creates a potentially hazardous situation for the employee operating the unit and anyone in close proximity.
Few characteristics serve a business enterprise worse than complacency and immobility. Market shifts, changes in customer demand, and the near-constant evolution of technology forces companies to consider new and innovative ways of doing business. No one has to explain this to Mercury Marine, a nationwide manufacturer of recreational marine propulsion engines.
NOVA Chemicals produces plastics and chemicals essential to everyday life. Their current businesses and joint ventures focus on ethylene, polyethylene, and Performance Styrenic polymers production in manufacturing sites strategically located throughout Canada, the U.S., and South America. As a legacy MIMI customer, NOVA Chemicals recognized AspenTech’s supply chain capabilities, but over time, their installation had grown to more than 25 unique models with no standardization or integration.
Childhood friends Eileen Spitalny and David Kravetz founded Fairytale Brownies in 1992 in a friend’s Old Town Scottsdale, AZ, catering kitchen. Using Kravetz’s mother’s 55-year-old secret family brownie recipe, the business started out selling to friends, farmers markets, and festivals.
When considering the effectiveness of an epoxy adhesive, it is useful to analyze the general formulation of the compounds that constitute it. Epoxies are created by polymerizing a mixture of two starting compounds, the resin and the hardener. When resin is mixed with a specified catalyst, curing is initiated.
Tyson Foods Inc. said Monday that its profit fell 21 percent for its third fiscal quarter on higher grain costs and lagging results from its chicken business. An oversupply in the poultry industry has kept prices depressed. Poultry demand has remained stubbornly low as cash-strapped families cut back on restaurant dining and prepared meals that once underpinned chicken sales.
MELVILLE, N.Y. (AP) — Arrow Electronics announced a $2,857-per-share bid for Japanese electronic components supplier Chip One Stop on Monday. Arrow declined to disclose the total value of the deal. Chip One Stop is based in Yokohama, Japan. Arrow said its sales for the latest fiscal year were about $47 million.
TOKYO, Aug. 8 (Kyodo) — Bridgestone Corp. said Monday its group net profit in the January-June period increased 21.6 percent from a year earlier to 54.12 billion yen on brisk sales of tires, its mainline product, both in Japan and overseas. The tiremaker's consolidated operating profit in the first half of the business year rose 19.
SEATTLE, Aug. 5 (Kyodo) — Toyota Motor Corp. said Friday it will start mass-producing an electric version of the RAV4 sport-utility vehicle, which it is now jointly developing with U.S. EV venture Tesla Motors Inc., at its plant in Ontario, Canada, in 2012. Toyota currently manufactures gasoline-powered RAV4s at the Ontario plant, and will produce its EV version using motors and batteries made by Tesla at its California factory, the Japanese automaker said.
WASHINGTON (AP) — The Republican chairman of the House Oversight committee has subpoenaed documents from the National Labor Relations Board's lawsuit against Boeing Co., increasing the political pressure over a case that has the GOP fuming. Rep. Darrell Issa of California, a leading critic of the dispute, claims the lawsuit interferes with the company's ability to decide where to do its work.
WASHINGTON (AP) — Anger at the nation's leaders for taking so long to strike a debt-ceiling deal has turned into high anxiety over jobs and the economy amid growing fears of a new recession. The news that credit rating agency Standard & Poor's downgraded the nation's credit rating a notch for the first time ever only added to the tension.
Toyota Motor is reportedly seeking to boost global production by 24 percent to a record 8.9 million vehicles in 2012 as it rushes to make up for output lost due to the March earthquake. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Manufacturers can boost productivity, lower per-unit costs, and better meet the ever-stiffer demands of customers by focusing on the cultural values of their growing foreign-born Latino population. Most manufacturers have tried to motivate their workers for better productivity -- with varying degrees of success.
SAN JOSE, Calif. (AP) — Solar cell maker SunPower Corp. said Friday it plans to own and operate a panel-manufacturing plants in Mexicali, Mexico to serve the North American market. The company said it will lease an existing building with up to 320,000 square feet. SunPower said it will use the plant to make several models of solar panels for homes, commercial buildings and power plants.
PITTSBURGH (AP) — The United Steelworkers have ratified a four-year contract with Pittsburgh-based Allegheny Technology Inc. covering 3,000 workers at Allegheny Ludlum plants in western Pennsylvania and an ATI plant in Albany, Ore. The union and Pittsburgh-based ATI announced the tentative deal June 30, the day the last contract expired.
DETROIT (AP) — Safety investigators are looking into possible transmission problems in some 2011 and 2012 Ford Mustang models and fuel lines in 2011 Volkswagen Jettas. The National Highway Traffic Safety Administration's Office of Defects says on its website Sunday that it has received 32 complaints about an unexpected inability to shift into gear on Mustangs with manual transmissions.
TOKYO (AP) — Toyota Motor Corp., which has sunk to No. 3 in global vehicle sales from pole position, is counting on emerging markets to drive a revival in its fortunes, one of its top India executives says. Toyota sold 3.7 million vehicles around the world in the first half of 2011, down 11 percent from a year earlier as sales crashed 62 percent in April-June on production disruptions caused by the March earthquake and tsunami in northeastern Japan.
WASHINGTON (AP) — When Congress gets back to work after Labor Day it will have the chance to achieve something that has largely eluded it for the entire year, passing legislation that might actually create jobs. With the battering debate over the debt ceiling over, the stage is set for Congress to approve and President Barack Obama to sign three big free-trade agreements and the most significant overhaul of the patent system in 60 years.