BEIJING (AP) — China's manufacturing sector eased in April, a survey showed Sunday, suggesting that the government's efforts to cool the economy may be having some effect. The state-affiliated China Federation of Logistics and Purchasing reported that its purchasing managers index, or PMI, fell to 52.
CAMBRIDGE, Massachusetts (AP) — The founder of audio technology company Bose Corp. is donating most of the privately held firm's stock to the Massachusetts Institute of Technology. MIT is the alma mater of Amar Bose, who at 81 remains the company's chairman and technical director. The Cambridge-based school said on Friday that it will receive annual cash dividends on the shares, when they're paid by Bose Corp.
WASHINGTON (AP) — Manufacturing activity probably increased in April for the 21st straight month, but at a slower pace than in March. Economists forecast that the Institute for Supply Management's index of manufacturing activity will drop to 59.6 in April from 61.2 in the previous month. That would be the second straight drop, a sign the manufacturing sector is cooling off after expanding in February at the fastest rate in nearly seven years.
WASHINGTON (AP) — A group of General Motors employees in Ohio is suing the company and the United Auto Workers, alleging that GM has unfairly denied them full pay and benefits and the union has not fought for them. Twenty-eight employees of GM's Lordstown, Ohio, factory say they have been improperly classified as temporary employees since being hired in October 2006.
DETROIT (AP) — Chrysler has turned its first profit since leaving bankruptcy two years ago. The company reported first-quarter net income of $116 million and revenue of $13.1 billion on Monday. The profit is a milestone in Chrysler's long road back to health after its 2009 bankruptcy. It last reported a net profit in 2006.
The Cyberex Cyberwave Industrial three-phase uninterruptable power supply (UPS) from Thomas & Betts (Memphis, TN) operates at a greater efficiency and provides better control of the UPS output. With operation to an ambient temperature of 122°F with only a 10 percent power derating, the Cyberex is suited well to rugged industrial environments.
Weldcraft (Appleton, WI) is offering the WP-17 Series of air-cooled TIG torches, which include six different styles, including those with gas valves and flex necks. They provide 150-amp DC and 115-amp AC welding capabilities at a 60 percent duty cycle. According to the company, the torches feature the company’s exclusive Diamond Grip torch body, which promotes a secure grip and greater control, no matter the welding position.
The Q-300XT stretch wrapping machine from Lantech (Louisville, KY) improves operator friendliness with a larger load-placement window for its automatic film cut-and-clamp system, according to the company. The system allows the fork truck operator to simply drive up, position the pallet on the turntable, start the machine with a lanyard switch or a wireless Click-n-Go remove, and drive away, all without ever getting off the fork truck.
Spacesaver Industrial (Fort Atkinson, WI) has introduced ActivRAC Mobilized Storage, a full line of space-saving storage system that gives manufacturers the ability to increase capacity without having to expand existing facilities. With the ActivRAC system, otherwise stationary rows of pallet racking are mounted on carriages and mobilized.
SHANGHAI (AP) — Chinese telecommunications equipment maker ZTE Corp. has countered accusations by rival Huawei Technologies of violations of its patent and trademark rights by suing Huawei for alleged infringements of its mobile phone technology. ZTE said in a statement Friday that it plans to use all legal means to protect its own intellectual property rights.
CLEVELAND (AP) — Goodyear Tire & Rubber Co. sold more tires at higher prices in the first quarter, helping it set a company sales record for any quarter and reverse a loss from the first quarter of 2010. Goodyear shares rose more than 10 percent to $17.87 after the opening bell, a new 52-week high.
SANTA ANA, California (AP) — A federal judge in California said Friday that he will deny another request from Toyota Motor Corp. to dismiss lawsuits filed by car owners who claim sudden-acceleration defects were responsible for the value of their vehicles to drop. U.S. District Judge James Selna said in a 30-page ruling that the lawsuits have enough merit to move forward.
COLUMBIA, S.C. (AP) — Several states have joined South Carolina's attorney general in objecting to a federal labor complaint filed against Boeing Corp. for opening a 787 Dreamliner assembly plant in North Charleston. Attorney General Alan Wilson and eight other attorneys general said in a letter Thursday that the National Labor Relations Board's complaint against Boeing hurts the states' ability to create jobs and recruit industry.
RICHMOND, Va. (AP) — Philip Morris USA and other major tobacco companies won a lawsuit Friday filed by 37 Missouri hospitals seeking more than $455 million for treating sick smokers. Philip Morris USA was one of six tobacco companies involved in the lawsuit. The case was filed as the City of St.
DETROIT (AP) — Kia Motors Corp. is recalling more than 58,000 Spectra compact cars registered in cold-weather states because the gas tanks could fall off and cause a fire. The recall affects Spectra LD models from the 2004 to 2007 model years in 20 states and Washington, D.C., the National Highway Traffic Safety Administration said on its website Friday.
More electric cars are arriving on dealership floors, and hitting the streets, so natually, many are left wondering: Are they as safe as their gasoline-powered silblings? Seth Doane reports for CBS News with the latest on electric vehicle safety. If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Lean is a very powerful tool for business improvement. Application of Lean in factory floors and to repeatable processes is straightforward, but applying it to the office environment is not. Unfortunately, the office is where a great deal of waste exists. Transform some assumptions about Lean, and it can effectively be applied to the office with substantial reward.
Chemical attack is a destructive force in any high-tech manufacturing process. For TIMET’s Las Vegas, Nev.-based plant, the force was presenting itself during the high-temperature mixing of titanium tetrachloride (TiCl4), known in the industry as TiCL. TIMET is the world's largest supplier of high-quality titanium metal products.
PEORIA, Ill. (AP) — Heavy equipment maker Caterpillar Inc. said its first-quarter profit soared more than five-fold as a growing economic recovery boosted demand for the company's mining and construction equipment. The results blew past analysts' expectations and its boosted its outlook for the year.
WASHINGTON (AP) — Americans earned and spent more in March, but much of the extra money went toward more expensive gasoline. Personal incomes rose 0.5 percent last month and consumer spending increased 0.6 percent, the Commerce Department reported Friday. But after adjusting for inflation, spending rose a much more subdued 0.