NEW YORK (AP) — Shares of General Motors jumped 2.4 percent Tuesday in premarket trading after several investment groups initiated coverage of the reinvigorated automaker. Credit Suisse set an "Outperform" rating for GM with a 12-month price target of $43 per share, saying that the company's stint under bankruptcy protection cleansed its balance sheet.
BEIJING (AP) — China said Tuesday it is reducing the amount of rare earths it will export next year by more than 10 percent — likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products. China accounts for 97 percent of the global production of rare earths, which are essential to devices as varied as cell phones, computer drives and hybrid cars.
ROCHESTER, New York (AP) — Alfred E. Kahn, who presided over the historic deregulation of the U.S. airline industry during President Jimmy Carter's administration, paving the way for JetBlue and other low-cost carriers, died Monday. He was 93. Kahn, an economics professor at Cornell University, died of cancer at his home in Ithaca, New York, the school said in a statement.
NEW YORK (AP) — Corporate profits are up. Stock prices are up. So why isn't anyone hiring? Actually, many American companies are — just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat. More than half of the 15,000 people that Caterpillar Inc.
DEARBORN, Mich. (AP) — Ford Motor Co. said Monday that it plans to include its fuel-saving Auto Start-Stop technology — originally designed for and used in its gas-electric hybrids — in a wider range of vehicles sold in North America starting in 2012. The technology automatically shuts off the engine when a vehicle stops, which Ford says improves fuel economy at least 4 percent.
BURNS HARBOR, Ind. (AP) — Andrew Sweeney said it wasn't part of his initial plan to work in the steel industry. Hired earlier this year as an electrical maintenance technician working at ArcelorMittal Burns Harbor, Sweeney said his thoughts changed once he enrolled in a training program that helped him snag a job with the world's largest steelmaker.
MUNCIE, Ind. (AP) — A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers. Progress Rail Services has begun advertising for 70 welders and other positions through the state website www.indianacareerconnect.
MOUNT VERNON, Ind. (AP) — A company is ramping up production at an ethanol plant in southwestern Indiana that is now operating after construction work was halted for more than a year. Pekin, Ill.-based Aventine Renewable Energy produced its first ethanol on Nov. 30 at the Mount Vernon plant, which it started building in late 2007.
TOKYO (AP) — Japan has been overtaken by China as the world's No. 2 economy. Its flagship company, Toyota, recalled more than 10 million vehicles in an embarrassing safety crisis. Its fourth prime minister resigned in three years, and the government remains unable to jolt an economy entering its third decade of stagnation.
Performing thread inspection on large numbers of parts can be difficult and exhausting for the operator, and gets worse for production quantities. The Rotary Thread Inspection Tool Kit comes with taper lock extensions for gauge tapers 0, 1, 2, and 3. It also has length limit collars for thread gauge sizes of 3/16”, ¼”, 5/16”, 3/8”, 7/16”, ½”, 9/16”, and 5/8”.
Salmonella. E-coli. Listeria. These are the words people have started to fear more and more; they’re practically swears. From cilantro and spinach to peanut butter and eggs, food recalls have been springing up with increased frequency in the past year or so. The litany of outbreaks — resulting in product fear, illness and, in some instances, death — has people demanding safer consumables.
Anyone who has ever worked in an office can appreciate some of the humor of NBC’s The Office – even if we haven’t had a boss like the bumbling and offensive Michael Scott. In an episode earlier this month, Michael arrived to work after a morning dentist appointment with some alarming news: “China is going to pass us as the number one global super power! When did this happen?” Michael’s concerns about China – repeated to his coworkers from the news magazine feature he read at the dentist’s office – are both serious and ridiculous.
WICHITA, Kan. (AP) — Aircraft maker Hawker Beechcraft Corp. on Tuesday announced its commitment to keep its aircraft operations in Kansas for the next 10 years as part of a $45 million deal brokered with state and local officials. In return for an incentives package, Hawker Beechcraft has agreed to maintain its current aircraft lines and keep at least 4,000 jobs in the state during the next 10 years.
SHANGHAI (AP) — A Chinese subsidiary of U.S.-based PPG Industries Inc. has pled guilty to violating U.S. export controls by exporting high-tech coatings to a nuclear reactor in Pakistan, the U.S. Commerce Department said. PPG and its wholly owned subsidiary PPG Paints Trading (Shanghai) Co.
PARIS (AP) — Airbus has warned pilots about a dangerous potential malfunction of speed sensors on aircraft like the Air France A330 that crashed into the Atlantic last year, killing all 228 people aboard. The European jet maker on Monday sent the warning over the sensors, called Pitot tubes, to the roughly 100 operators of its A330 and A340-200 and A340-300 long-range, widebody aircraft.
WASHINGTON (AP) — South Korean automakers Hyundai and Kia and German car maker Volkswagen lead the insurance industry's annual list of the safest new vehicles, used by safety-minded consumers looking to buy a new car. The Insurance Institute for Highway Safety recognized 66 vehicles on Wednesday with its "top safety pick award" for the 2011 model year, the most-ever awarded by the Virginia-based group.
ATHENS, Ga. (AP) — Fire investigators say dust in the air at an animal vitamin plant led to an explosion that damaged the plant and left two workers injured. Jackson County firefighters responded to the blast at the Hoffman-La Roche/DCM Materials plant on Tuesday.
WASHINGTON, D.C. — The National Association of Manufacturers (NAM) today announced that it has named Jay Timmons president and CEO, effective January 2011. Timmons has served as Executive Vice President at the NAM and will succeed former Michigan Governor John Engler in this position. Timmons has extensive experience in government relations, public affairs, political campaigns and business.
An alternative to implementing multiple modules like flow and discrete for manufacturing, the process-mix can be handled using Discrete Manufacturing module alone, resulting in lowering of implementation and support cost. Manufacturing companies usually have a mix of discrete and flow type manufacturing processes.
Southworth Products Corp. (Portland, ME) has redesigned its PalletPal Level Loader to make it more ergonomic. A smaller base makes loading and unloading pallets faster, safer, and easier because it allows users to step closer to the unit’s platform. According to the company, its use can eliminate injury-producing bending, lifting, reaching, and stretching common to pallet-loading applications.