General Motors Corp. lost $6 billion in the first quarter and its revenue was cut nearly in half as car buyers feared the wounded auto giant would enter bankruptcy and no longer honor its warranties. The Detroit-based company also said it spent $10.
New applications for jobless benefits plunged to the lowest level in 14 weeks, a possible sign that the massive wave of layoffs has peaked. Still, the number of unemployed workers getting benefits climbed to a new record.
The Canadian government warned United States Steel Corp. on Wednesday that it must live up to its production commitments at the former Stelco Inc. plants in Ontario which it has temporarily shut down. Industry Minister Tony Clement said he sent a letter indicating that the shutdown at plants in Hamilton and Nanticoke, Ontario, may violate commitments the U.
Ford Motor Co. stripped "truck" from the name of one its Detroit-area plants Wednesday as it announced plans to build its next-generation Focus here, including a battery-electric version Ford expects will run up to 100 miles without using gas or emitting greenhouse gas.
C&H claim to have the broadest and deepest selection of storage and material handling products with over 40,000 items available in their catalogue. To order or request a free catalog, call 866-460-7802 or visit their website at http://www.chdist.
FASB’s Proposed Changes The Financial Accounting Standards Board (FASB) is a private sector organization funded by corporations—not the government—and overseen by the Securities and Exchange Commission. Its mission is to develop Generally Accepted Accounting Principles (GAAP), which all public companies must follow.
Hotsy has completely redesigned the 5700 series hot water pressure washer. The series now has a 20 HP Baldor electric motor and is available in 208 V, 230 V, 460 V, 575 V, or 3 phase and comes with thermal overload protection. According to Hotsy, the washer uses an upright coil that delivers high efficiency and maintains constant temperature when using oil, natural gas or liquid propane.
The Deschner Kinechek® hydraulic speed regulator is designed to work with the Andrews Tool air drill and PF04 attachment to allow feed rate adjustments for various hole diameters and different types of material. According to the company, this speed regulator saves significant down time by using a simple adjustment knob, compared with the time intensive screw mechanisms used in traditional positive feed drill motors.
The FLIR T250 is an infrared camera that displays temperature differences on its bright 3.5” screen. Also included with the camera is the ability to combine infrared and visible light detail with FLIR fusion and speed through reporting with the QuickReport software.
Pentalift manufactures hydraulic lift tables with load capacities ranging from 500–120,000 lb. It also produces hydraulic tilters, rotators and various work positioners that are designed to increase productivity and ensure safety in the workplace. Learn more: www.
A new federal report says Canada lags other countries in business research and development, despite providing substantial tax breaks to the corporate sector. The Science, Technology and Innovation Council says Canada ranks sixth among G7 industrialized countries in R&D as a proportion of gross domestic product.
Industrial valve maker Velan Inc. (TSX:VLN) has been hit by a strike at its Quebec plants. Velan said Monday the stoppage involves 530 workers, out of its worldwide workforce of 1,800. Management "cannot determine the possible impact on its operations and results at this time," the company stated.
The Nuclear Regulatory Commission staff will hold two meetings in Dana Point, Ca., on May 7, to discuss the agencys 2008 assessment of safety performance for the San Onofre Nuclear Generating Station (SONGS). The plant, operated by the Southern California Edison Co. , is located near San Clemente, Ca.
Eveready Inc. (TSX:EIS), an Edmonton-based energy services company, has signed a definitive C$464 million deal to be acquired by Clean Harbors Inc. (NYSE:CLH), North America's biggest provider of environmental and hazardous waste management services. The pricetag of the cash and stock deal, announced early Wednesday, values the Canadian company at C$11 a share or about C$202 million.
The Association of International Automobile Manufacturers released the following statement in response to the President's remarks today concerning the restructuring of Chrysler. The statement can be attributed to Michael J. Stanton, President of the Association of International Automobile Manufacturers, Inc.
President Barack Obama announced Thursday that Chrysler would head into bankruptcy with the aid of up to another $8 billion in U.S. taxpayer money, a last-resort attempt to quickly restructure the struggling giant.
Saving energy and improving comfort for over 100 employees topped the list of priorities for Adam Leiferman, project engineer for the Cleveland building of SPS Technologies. This automotive and aerospace certified manufacturer, with operations worldwide, produces high strength fasteners and precision components for commercial and military applications, jet engines, automobiles, and power generation industries.
When you’re producing tires on a 24/7 basis at the world’s largest tire manufacturing facility, you’ve got to have highly efficient equipment to keep the operation running smoothly. Goodyear Tire & Rubber Company recently incorporated new blower technology in its manufacturing plant in Lawton, OK, in order to increase efficiency in a critical drying process operation.
Hydraulics have been an essential part of industrial technology for well over a century, which means maintenance technicians may find themselves confronted with anything from the latest high-tech fittings to hundred year-old port configurations. Most of the time, there’s no real way to know exactly what’s under the accumulated paint and grime covering the valve or manifold that just failed, but the technician is still expected to be able to identify the connector and replace it quickly and without error.
With energy costs on the rise, recent efforts from both not-for-profit industry organizations like ASHRAE, as well as HVAC/R equipment manufacturers, have helped create facelifts for some of the industry's oldest, most operationally critical equipment. Founded in 1894, ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers) is an international organization of 55,000 volunteer members.