WASHINGTON (AP) — Economic stress declined in the nation's most troubled areas in February as unemployment stabilized and the pace of foreclosures eased, according to The Associated Press' monthly analysis of conditions in more than 3,100 U.S. counties. After peaking in January, economic stress dipped in February in half the states and half the 3,141 counties.
POUGHKEEPSIE, N.Y. (AP) — IBM Corp. says it has opened a new $30 million manufacturing facility at its Poughkeepsie, N.Y., site to produce the next generation of mainframes and servers. The Hudson Valley facility officially opened Tuesday and will produce IBM's next line of System z mainframe computers and high-end Power Systems servers.
OLYMPIA, Wash. (AP) — A multimillion-dollar revenue package that increases taxes on bottled water, soda, candy and mass-produced beer was approved by the Washington state Legislature as lawmakers finished their work to plug a $2.8 billion budget deficit. Just hours before the Legislature adjourned the special session, the Senate passed, on a 25-21 vote, the measure that makes up about $668 million of Democrats' nearly $800 million revenue package.
BEIJING (AP) — China announced antidumping duties of up to 64.8 percent on U.S. and Russian steel used by the power industry Tuesday amid a series of disputes with the United States and other trading partners. Investigators also found U.S. producers of flat-rolled electrical steel received subsidies, the Commerce Ministry said.
With more than 500 retail stores in 36 states, Eye Care Centers of America Inc. is the third largest retail optical chain in the U.S. To meet Eye Care Centers’ need for product, parent company HVHC Inc. has to produce huge quantities of eye glasses in an array of configurations.
With today's limited internal resources, it's tough to transform machine maintenance from reactionary to preventive, and ultimately proactive, despite the obvious upsides in higher overall equipment efficiency (OEE), better process control, and lower total cost. Outsourcing this requirement to a third-party specialist, however, is a cost-effective alternative.
Tyco Electronics (Harrisburg, PA) introduces the new EET G4 woven nylon, Pressure-Sensitive Adhesive (PSA) acrylic labels for thermal transfer printers. The labels are suitable for wire, harness, and cable identification labeling as well as applications with irregular contours.
Belt Technologies (Agawam, MA) now offers a line of stainless steel indexing belts to pair with the high-speed conveyors used to assemble multi-component assemblies. The steel belts resist stretching, provide good repeatability, and allow for the exact positioning of tools and parts.
A line of circular knives and blades, along with hand knives designed for cutting hose and tube materials, are available from Hyde Industrial Blade Solutions (IBS, Southbridge, MA). The blades and knives are engineered to cut the strongest materials, including tough wire-reinforced hydraulic hose.
The Hyster Company (Greenville, NC) has introduced the E30-40HSD2 series of electric stand-up lift trucks. The three-wheeled truck delivers lifting capacities of 3,000 to 4,000 lbs. and anti-fatigue mats that absorb and reduce the transmission of vibration and shock to the operator by 25 percent.
I’m sorry, you’re not green enough. Just a few years ago, using that type of reasoning for dissolving a business partnership may have been hard to swallow. However, that’s exactly what Nestle did. The Swiss food company announced that it was dropping an Indonesian palm oil supplier due to the damage that palm oil plantations are causing in Southeast Asia.
MIAMI (AP) — Toyota has routinely engaged in questionable, evasive and deceptive legal tactics when sued, frequently claiming it does not have information it is required to turn over and sometimes even ignoring court orders to produce key documents, an Associated Press investigation shows.
WASHINGTON (AP) — A panel of academics that date the beginnings and ends of recessions isn't ready to declare just yet when this downturn ended. The National Bureau of Economic Research said Monday that although most barometers show improvements in the economy, it would be "premature" to pinpoint the end of a recession based on economic data seen so far.
TOKYO (AP) — Sharp is trying to play catch-up in 3-D TVs with powerful rivals Samsung and Panasonic with displays the Japanese electronics maker says are brighter and clearer. Osaka-based Sharp Corp., which makes Aquos brand liquid-crystal display TVs, initially played down the urgency of selling 3-D TVs, questioning whether consumers wanted them.
DEARBORN, Mich. (AP) — Ford Motor Co. is expected to use a parts plant near Ypsilanti to supply hybrid vehicle battery packs. A letter dated March 30 and posted on the Web site of United Auto Workers union Local 898, which represents employees at Ford's Rawsonville plant, says the facility has been selected to build the components.
ATHENS, Ala. (AP) — Bill Turner's company manufactures products nobody wants to use, but people are thankful they are available if needed. If a wreck crushes bones in a motorist's back, Turner's company makes a metal implant doctors can insert in the spine to fuse to the remaining bones.
SHANGHAI (AP) — General Motors Co. said Monday demand in China is so strong that the company's annual sales may top 2 million vehicles this year — four years ahead of schedule — and could exceed 3 million by 2015. GM is counting on robust growth in China, India and other emerging markets to help offset weakness in its home U.
Under today's conditions of stagnant demand and tight credit, many mid-market manufacturers and distributors face intense competition for dwindling markets and increasing pressure on their bottom line. With recovery still "around the corner" at an uncertain date, how can they continue to survive, let alone thrive? Essentially, the same way they compete in prosperous times — by increasing the efficiency of their planning, administration, production, sales, distribution, service, and other essentials of their particular business.
SALISBURY, Md. (AP) — Employees of Perdue Farms Inc. are accused in a class-action lawsuit of knowingly hiring illegal immigrants. The plaintiffs allege that Perdue has conspired to hire large numbers of illegal immigrants, driving down wages of legal workers below market levels. The complaint was filed in federal court in Alabama.
Tanis Technologies (Holland, MI) offers the Lightning Cool system as a permanent solution to Fadal machining center maintenance issues. Now a factory option for Fadal machines, this system is designed to put an end to replacing spindle drive belts, drawbar components, rubber motor mounts, through spindle coolant seals, and more.