WASHINGTON (AP) — The best cure for the economy now is time. That's the overwhelming opinion of leading economists in a new Associated Press survey. They say the Federal Reserve shouldn't bother trying to stimulate the economy — and could actually do damage if it did. The economists are lowering their forecasts for job creation and economic growth for the rest of this year, mainly because of high oil prices.
BERLIN (AP) — The pilot of a Goodyear blimp screamed "I crashed the airship" before it burst into flames, a passenger who leapt to safety says. Photographer Joachim Storch told media that the blimp — The Spirit of Safety — missed its designated landing spot at Reichelsheim airfield in central Germany on Sunday evening, causing its engine to slam into the ground.
PALO ALTO, California (AP) — Hewlett-Packard Co. is streamlining its executive ranks to improve its focus on customers rather than administration and put more operations directly under CEO Leo Apotheker's control. The world's largest maker of personal computers said Monday that it is eliminating its chief administrative officer position, meaning that Pete Bocian is leaving HP immediately.
HELSINKI, Finland (AP) — Nokia Corp. on Tuesday notched a valuable win against rival Apple Inc., with the U.S. company agreeing to pay the Finnish handset maker a one-time sum to settle long-standing patent disputes as well as royalties for current licenses. Espoo-based Nokia said that the deal "will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.
DURHAM, N.C. (AP) — Beset by a grim employment picture, President Barack Obama on Monday pledged to ease the way for businesses to expand hiring and offered assurances to an anxious public that he is focused on creating jobs — the top political issue heading into the 2012 election and the Achilles heel of his presidency.
TOKYO (AP) — Honda's profit for the fiscal year through March 2012 is expected to plunge 63.5 percent as vehicles sales slipped amid a parts shortage caused by the quake and tsunami in northeastern Japan. Honda Motor Co. gave the forecast Tuesday, more than a month later than usual. Like other Japanese automakers, the maker of the Odyssey minivan and the Fit compact needed more time to assess the aftermath of the March 11 disaster.
NEW YORK (AP) — Solar shares rose Monday, with one analyst saying that demand is accelerating and that the sector is ripe for mergers and acquisitions. Rather than fewer orders for solar panels as has been feared because of declining subsidies and a poor economy, Brean Murray Carret & Co.
LOS ANGELES (AP) — Ford Motor Co. shares sank Monday after an Ohio judge said the automaker had to pay nearly $2 billion in damages to thousands of dealerships who participated in a 2002 class-action lawsuit. Ford has said it would appeal. THE SPARK: Cuyahoga County Common Pleas Judge Peter Corrigan in Cleveland issued the ruling based on a Feb.
NEW YORK (AP) — Clothing and footwear maker VF Corp., whose brands include Wrangler, Nautica and The North Face, said Monday it will buy boot and clothing maker Timberland Co. for more than $2.2 billion as it seeks to expand its outdoor offerings. VF plans to make Timberland part of its outdoor and actions sports business, and it said Timberland's headquarters will remain in Stratham, New Hampshire.
MORRIS TOWNSHIP, N.J. (AP) — Honeywell International Inc. said Monday that it had agreed to buy EMS Technologies Inc., which supplies communications equipment to the aerospace, defense and trucking industries, for about $506 million. Honeywell, the industrial conglomerate, is paying $33 per share in cash, a 33 percent premium to EMS's Friday closing price.
DURHAM, N.C. (AP) — President Barack Obama pledged Monday to push business-friendly policies on issues including free-trade agreements and worker pension funds as he sought to make good on promises to grow the economy and jobs by boosting competitiveness. "We know this is something we're going to have to work with everyone on, labor and business," Obama said as he sat with his jobs and competitiveness council, which met at an energy-efficient lighting plant in Durham, N.
TOKYO (AP) — Six more workers at Japan's tsunami-damaged nuclear power plant may have exceeded the radiation exposure limit, bringing the total to eight, the government said Monday. The health and labor ministry released the preliminary results of tests on how much radiation they had been exposed to as they worked at the Fukushima Dai-ichi plant.
CNN ’s Fareed Zakaria has recently been talking up jobs in just about every media format available, whether it’s TV or in print. He says that the absolute key to restoring America's economy—and thereby reducing its debt—is reducing unemployment. This time, he breaks down a proposal for an infrastructure bank, which would push the creation of America’s infrastructure to the private market and ideally create jobs in the process.
A compact in-line static mixer that injects multiple chemicals and saves up to 70 percent over the cost of conventional static mixers, according to Westfall Manufacturing Company (Bristol, RI), is now available. The Westfall Model 2800 Static Mixer is a fixed plate that features an internal orifice design with angled tabs, which are computer-designed and tested to arrive at the optimal shape for mixing with minimal head loss.
The new SCW 18-A CPC Cordless Circular Saw from Hilti (Tulsa, OK) allows users to cut as they move around the job site. The Cordless Power Care (CPC) battery system provides more capacity, with an increased number of cuts per charge. In addition, the improved line-of-sight design, easy-to-read marking, easy-to-use adjustment, plus an electric blade brake.
Zero-Max (Plymouth, MN) is now offering Phas-Lok adjusting hubs to provide a fast and easy method for changing the phase relationship of components in a power transmission system. The Phas-Lok provides an accurate, mechanical adjustment within a 24° range (±12°) and they eliminate the need to disconnect or remove drive components in order to reposition drive components.
Meggitt Sensing Systems (San Juan Capistrano, CA) has introduced the Endevco hardline cable assembly, which offers high-reliability performance to 900°F in support of high-temperature measurement requirements. It has a hermetically-sealed design for high resistance to corrosion, humidity, and other harsh environmental conditions.
This article first appeared in Food Manufacturing 's June 2011 issue. Tree Top’s facility in Wenatchee, Wash., uses fresh apples and green technologies to supply the world’s largest food companies with quality ingredients. Tree Top began processing apple juice over fifty years ago on “Produce Row” in Selah, Washington.
Transforming your sales pipeline into profits depends on how well customer expectations are identified and exceeded. The highest-selling manufacturing companies have an obsession for delivering strong value over and over again. This obsession dominates these companies’ mindsets and forces a new urgency to exceed customer expectations on a consistent basis.
TEXARKANA, Ark. (AP) — The federal Occupational Safety and Health Administration has fined Tyson Foods Inc. $70,000 in the wake of a fatal collapse at the company's Nashville, Ark., feed mill. The Texarkana Gazette reports OSHA cited Tyson earlier this month, saying a collapsed grain silo was "structurally unsound.