WASHINGTON (AP) — General Motors Co., not the government, will determine when the automaker will conduct a public stock offering at the heart of the company's revival, the Obama administration said Thursday. The Treasury Department said in a statement that it expects to sell some of its 61 percent stake in GM when the automaker goes public.
ROCHESTER, N.Y. (AP) — Seven mechanics at Xerox Corp.'s manufacturing hub in upstate New York and three owners of a forklift company were charged Thursday with bilking the printer and copier maker out of an estimated $4.1 million. Over five years, four current and three former employees who maintained Xerox's forklift fleet in suburban Rochester ordered forklift parts from Clarkson Auto Electric Co.
Barco (Chicago, IL) has introduced the E-Series air union for air-related manufacturing applications. The E-2 series can handle difficult industrial environments that other rotary units might not, with a nitrotec surface treatment, which increases the wear- and corrosion-resistance.
The Loctite QuickTape 249, from Applied Industrial Technologies (Cleveland, OH), is the first threadlocker in tape form, which allows for easy portability and allocation. The tape offers no leaking, clogging, or mess. Check out the video below to learn more: Or visit www.appliedindustrial.
Precision AirConvey (Newark, DE) has developed a mobile package based on its TrimPAC series of automatic trim systems. By setting the entire TrimPAC system on a steel platform with strong, non-marking casters, the mobile package makes installation of a flexible trim handling system easy.
Bilsing Automation North America (Clinton Township, MI) has announced the availability of its GT30 and GT40 family of pneumatic grippers, which provide cost-effective clamping solutions in metal assembly. According to the company, they are durable enough to exceed a million cycles.
The Triumph is a classic British motorcycle, dating back decades to when they ran neck-and-neck with America's powerhouse: the Harley-Davison. While Triumph is still producing motorcycles across the pond, one company, Falcon Motorcycles, is taking vintage bikes and refurbishing them with a creative twist.
Want to experience all the neck-breaking forces of an F1 race, without actually getting into a car? Look no further than this simulator, which tilts, dips, and dives to approximate how it feels to hit an apex just right. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
A train that never stops? How in the world would you hop aboard? This concept video has (some of) the answers. You might want to turn off the sound, unless you're fluent in Mandarin. It's not going to help you any. The idea is pretty simple: At any station, you get on a "boarding" cart, which is elevated on a second series of tracks.
Some criminal liability was finally found in the Bhopal industrial accident of 1984, but that doesn't help heal the lingering wounds — both physical and psychological — that the victims are still feeling. Between the 100,000 people still suffering from chronic illnesses due to explosure, the Bhopal disaster is a painful reminder that industry can have an enormous impact on everyday people.
While many are looking forward to Hummer's demise in the near future, a select few customers are "broken-hearted" over losing their favorite brand of mega-SUV. Yes, many consider the Hummer to be the go-to car for the man's man, but if you ask dealers, more women have bought them. To which brand they will move is unknown, but you can guess it's not going to be something environmentally-friendly, like the upcoming Nissan Leaf or Chevrolet Volt.
NEW YORK (AP) — One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people in the United States have quit their jobs in the past three months than were laid off — a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures.
MEMPHIS, Tenn. (AP) — The Elvis Presley estate has signed a deal for Hasbro Inc. and PPW Toys to release an Elvis version of Mr. Potato Head. Kevin Kern, a spokesman for Presley's Graceland estate, told The Commercial Appeal the new toy is one of 15,000 Elvis-licensed products and is one the company is excited about.
by Jim Abrams, Associated Press Writer WASHINGTON (AP) — The White House raised the stakes Tuesday on the Senate's first major climate change vote of the year, threatening a presidential veto of a Republican-led effort to stop the Environmental Protection Agency from carrying out regulations to control greenhouse gases.
WASHINGTON (AP) — A field worker has unwashed hands. An animal squeezes through a small tear in a fence. Manure from a nearby hog farm trickles into an irrigation system. Small mistakes like these are often difficult to identify as the sources of food-borne illnesses, a situation that has frustrated health authorities for years.
LUBBOCK, Texas (AP) — An explosion in the Texas Panhandle that killed two men was the second deadly blast in the state in two days involving workers who have accidentally hit natural gas lines. The blast Tuesday involved a crew that was removing caliche — commonly used in cement — from a pit for a dirt-contracting company, Lipscomb County Sheriff James Robertson said in a news release.
WARRENVILLE, Ill. (AP) — Navistar International posted a surprise profit for the second quarter Wednesday on strong sales of trucks and a new structure that lowered material costs and shifted plant operations. Navistar more than doubled its net income, even as revenue dipped. "Our expectations are to be profitable across the business cycle," Chairman and CEO Daniel C.
MORRIS, Minn. (AP) — The winds sweeping across the Northern Plains could soon help farmers fertilize their crops of corn, wheat and sorghum. Minnesota researchers have designed a $3.75 million carbon-free system that uses wind power from a towering turbine to produce anhydrous ammonia, a common nitrogen-based fertilizer.
At one time, Farm Power stored its feedstock in this large tank, but upon discovering that the hay doesn’t degrade much when exposed to the elements, the not-for-profit chose to store it more naturally, on the ground. The antiquated view of the family farm may already be long gone in the minds of many, but Farm Power has managed to plow itself straight from the stigmatized old-fashioned farm into a farm of the future.
by Jeannine Aversa, AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession. "My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said.