TOKYO (AP) — Honda's quarterly profit ballooned to a record $3.2 billion while Mazda reduced its losses, rounding out a tale of recovery among Japanese automakers. Nissan Motor Co. and Mitsubishi Motors Corp. have also reported stronger results but the prospect of a continued recovery for the Japanese automakers remains shaky.
WASHINGTON (AP) — The recovery lost momentum in the second quarter as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment. Weaker spending by consumers, less growth coming from companies restocking shrunken stockpiles and a bigger drag from the nation's trade deficits were the main factors behind the second quarter's slowdown.
WINSTON-SALEM, N.C. (AP) — North Carolina hopes to be picked as the site for a new plant planned by heavy-equipment manufacturer Caterpillar Inc. that will employ about 500 employees and contract workers. An official announcement on the company's decision is expected Friday afternoon. Sites in Forsyth County, Spartanburg, S.
WASHINGTON (AP) — President Barack Obama is going to the heart of the U.S. auto industry to push an important election-year claim: his administration's unpopular auto industry bailout has turned into an economic good-news story. With Americans facing a still-limping economy and potentially pivotal congressional elections in three months, the White House sees progress in the auto industry as a concrete area of improvement — and one with direct ties to the president's own actions.
SEOUL, South Korea (AP) — Kia Motors posted a 61 percent surge in quarterly profit, boosted by sales of popular new models in South Korea and increased demand overseas. Kia, an affiliate of Hyundai Motor Co., earned 557.8 billion won ($471 million) in the April-to-June quarter, it said Friday.
SEWICKLEY, Pa. (AP) — A sewage plant employee became faint and died Thursday while working in a 30-foot hole, and three other people who tried to rescue him were overcome by an unknown gas and had to be hospitalized, officials said. Jack Hogan, 31, of Baden, was the worker who died, said Sewickley Borough Manager Kevin Flannery.
DETROIT (AP) — General Motors Co. will file paperwork in mid-August to start the process of selling stock to the public, the head of the United Auto Workers union said Thursday. President Bob King said GM would file the paperwork, called a registration statement, along with its second-quarter earnings.
Pricing is one of the most powerful — yet underutilized — strategies available to businesses. A McKinsey & Company study of the Global 1200 found that if companies increased prices by just 1 percent, and demand remained constant, on average operating profits would increase by 11 percent.
Rooflifters (Miami, FL) is offering a solution to expand the cubic space area in any manufacturing facility or warehouse. The company can raise an existing roof to any desired height while keeping it intact, and with minimal demolition, in order to increase clear height to meet current standards.
The new humidity and temperature HygroLog HL-20/21 data logger from ROTRONIC (Bassersdorf, Switzerland) is a compact device that uses the company’s AirChip 3000 technology and Hygromer sensors. According to the company, the HL-20/21 is ideal for pharmaceutical clean rooms, warehouses, production rooms, and more.
The IO-Link-based RFID systems from Balluff (Florence, KY) allows customers to connect their RFID system to their network as easily as connecting discrete I/O. The IO-Link protocol enables users to connect RFID processors to an industrial network via a gateway using standard discrete sensor wiring.
ROTEX Global, LLC (Cincinnati, OH) now offers a full line of Gyratory Reciprocating Screeners designed to accurately separate dry materials at high production rates. These self-contained production screening machines utilize a unique gyratory-reciprocating motion and a positive mesh cleaning system that provides accurate separations.
YORK, Pa. — FAGE USA’s yogurt manufacturing venture in the USA has been a great success, so much so they are already expanding the facility. Back in early 2008, FAGE USA opened their new manufacturing plant and attached distribution center in Johnstown, NY. The original facility includes a Westfalia High Density Automated Storage and Retrieval System (AS/RS) and Savanna.
WASHINGTON (AP) — Congress has passed legislation that temporarily reduces or suspends tariffs on 639 items, mostly components that American manufacturers use in their production processes. The Miscellaneous Tariff Bill comes up periodically. On Tuesday it passed the Senate without opposition or a recorded vote.
NEW YORK (AP) — Stocks traded in a tight range Wednesday after another disappointing economic report added to investors' doubts about the recovery. The Commerce Department's durable goods orders report for June indicated manufacturing growth is slowing. Orders for goods expected to last at least three years fell 1 percent last month, well short of the 1 percent gain that economists polled by Thomson Reuters had forecast.
MINNEAPOLIS (AP) — Boeing Co.'s second-quarter profit fell 21 percent, as revenue dropped in both its commercial airplane and defense units. Boeing also said on Wednesday that the first delivery of its new 747-8 may slip into early next year. It's in flight testing now, and Boeing is still working toward delivering it by the end of this year, but "there is increasing pressure on that schedule," it said.
BEIJING (AP) — A powerful blast caused by a suspected gas leak rocked a plastics factory in eastern China on Wednesday, killing at least 12 people and seriously injuring more than a dozen others. An initial investigation showed the explosion occurred after workers accidentally breached a propylene pipeline beneath the factory in downtown Nanjing, the capital of Jiangsu province in eastern China, state broadcaster CCTV reported.
Matches are so common nowadays we hardly think about them ( not unlike copiers ). So, where did they come from? Start with a little bit of animal urine, and mix in some engineering virtuosity. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
CLEVELAND, OH (July 27, 2010) — Applied Industrial Technologies (NYSE: AIT) has announced the publication of its 2010 / 2011 Applied® Product Catalog with more than 3,000 new products. The full-line catalog, with 38,000 products overall, includes the industry’s best selection of bearings, motors, drives, belts, fluid power products, tools, welding supplies, safety items and more.
Fundamental Changes Are Necessary to Meet Goal of National Export Initiative WASHINGTON, D.C., July 26, 2010 — The American Farm Bureau Federation (AFBF), the Coalition of Service Industries (CSI) and the National Association of Manufacturers (NAM) put forth a comprehensive approach today to double U.