DETROIT (AP) — Strong profits on new cars and trucks helped General Motors Co. earn $2 billion in the third quarter, enhancing the company's appeal as it nears next week's initial public stock offering. The third-quarter earnings of $1.20 per share nearly match what GM made in the first two quarters of the year combined, aided by profits from overseas and healthy revenue from North America, the company said Wednesday.
Thermo Fisher Scientific Inc. has recently announced that Conserve Italia, a leading company in the agri-food industry in Europe, is using Thermo Scientific GC/MS and LC/MS systems for fast and reliable pesticide analysis of food products. Conserve Italia processes around 650,000 tons of raw materials each year, including fruits, vegetables and tomatoes and provides the European market with finished goods such as fruit juices, canned vegetables and tomato sauces and purees.
Blackmer (Grand Rapids, MI) has announced that LB Series Gas Compressor has recently been implemented as the centerpiece to a new propane vapor-recovery system at Bluhms Gas Sales, which has allowed the company to not only recoup losses, but also also increase profits. The LB compressor is designed to deliver high efficiency in handling propane, which has allowed Bluhms to return more than 40,000 gallons of propane back into a storage tank.
Grieve (Round Lake, IL) has developed the No. 961, which is an electrically-heated, 350°F vertical conveyor, which can be used for preheating baskets of steel parts. The unit has 4” insulated walls and an aluminized steel interior and exterior, and comes with a removeable top-mounted heat chamber, plus a motor-operated vertical lift door.
Kaeser Compressors (Fredericksburg, VA) has introduced a completely oil-free air compressor: the Airbox. The quiet, energy-efficient piston compressor is ideal for any applications requiring modest air flow, according to the company. The system is available as a standalone compressor, or as an Airbox Center, which also includes a tank, dryer, filters, and drain in a single package.
The SumiMill GOALMILL Milling Cutter from Sumitomo Electric Carbide, Inc. (Mount Prospect, IL) can finish cast iron with exceptional accuracy, according to the company. The GOALMILL provides surface finishes with tangentially-mounted inserts accompanied by easily-adjustable wiper inserts.
SAN JUAN, Puerto Rico (AP) — Congressional investigators announced Monday they will probe whether the U.S. Food and Drug Administration's office in Puerto Rico has failed to adequately oversee pharmaceutical plants that dot the U.S. island. House Oversight and Government Reform Committee Chairman Edolphus Towns, a New York Democrat, and Darrell Issa, a California Republican who is in line to head the panel, questioned whether FDA staff are up to the regulatory job on an island with one of the world's highest concentrations of drug makers.
NEW YORK (AP) — Sara Lee Corp. is selling its North American Fresh Bakery unit to baking company Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses. The maker of Jimmy Dean sausages and Sara Lee breads said Tuesday that the sale will allow it to aggressively expand other businesses through acquisitions and other means.
DETROIT (AP) — General Motors is asking Mr. Goodwrench to pack up his toolbox. The mechanic who served as the symbol of GM's dealer service brand for 37 years will be scrapped as of Feb. 1 in favor of "certified service" brands for each of GM's remaining four remaining nameplates, the company said Tuesday.
NEW YORK (AP) — Swiss manufacturer Tyco International Ltd. said Tuesday its fourth-quarter earnings jumped 30 percent on improving revenue and higher margins. The company also agreed to sell a 51 percent stake in its electrical and metal products business to private equity firm Clayton Dubilier & Rice for about $720 million.
The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic and declining bankruptcy filings in the Southeast, according to The Associated Press' monthly analysis of conditions around the country. Eighty percent of the nation's 3,141 counties enjoyed some month-over-month easing of economic pain, the AP's Economic Stress Index shows.
NEW YORK (AP) — General Electric Co. plans to sink more than $2 billion into its efforts in China through 2012 as the conglomerate looks to build partnerships there. GE said Tuesday that it will likely spend $500 million on research and development and new customer innovation centers, adding more than 1,000 new jobs.
WASHINGTON (AP) — The BP oil rig explosion and spill was not about anyone purposely trading money for safety, investigators on a special presidential commission said Monday. Instead it was more about seemingly acceptable risks adding up to disaster. Investigators at the commission's hearing outlined more than a dozen decisions that at the time seemed questionable but also explainable.
This article first appeared in the November/December 2010 issue of IMPO . When Automationdirect.com decided to automate its warehouse, it was already operating at 99 percent accuracy. But in order to keep the company’s promise of same-day shipping, the warehouse was requiring more and more personnel.
For years, standards bodies have worked to develop common vocabularies to help streamline supply and demand chains. However, with recent legislation demanding rapid compliance and costly fines for organizations that fail, a new approach for compliance is required—one that could forever change the way we think about exchanging supply chain information.
This article first appeared in the November/December 2010 issue of IMPO . Lee Morgan is president of Camfil Farr Air Pollution Control (APC). He holds a Bachelor of Science degree in mechanical engineering from South Dakota State University in Brookings and is the Research Subcommittee Chairman of ASHRAE TC 5.
This article first appeared in the November/December 2010 issue of IMPO . Ask around among people that use hydraulic or pneumatic torque wrenches on the job and, chances are, almost everyone knows someone that has been injured or has experienced an injury themselves. Injuries can range from pinched fingers to broken hands and fingers, or even toxic oil “injections.
This article first appeared in the November/December 2010 issue of IMPO . I have found that there is a big disconnect between what business owners want out of economic development, and what state agencies provide. Most businesses, particularly manufacturers, would like to have an economic development model that is extremely business-oriented and totally focused on just recruiting companies and creating jobs.
This article first appeared in the November/December 2010 issue of IMPO . What you should know about U.S. immigration crack downs on I-9s. Worksite investigations have continued to put a freeze on some businesses, especially targeting those that have been known to hire undocumented workers.
This article first appeared in the November/December 2010 issue of IMPO . Before embarking on a tour of Ceradyne, Inc.’s Irvine, CA facility, lean champion Tony Barrett dispenses with a little foreshadowing: “You’re going to see a floor that can react on a dime,” says Barrett.