SHANGHAI, China — A Chinese court slapped four employees of mining giant Rio Tinto with jail terms of seven to 14 years on bribery and commercial secrets charges, unexpectedly harsh sentences that include a decade of imprisonment for Australian Stern Hu. The punishment for Hu was a "very tough sentence," Australia's foreign minister said after the verdict was read out Monday by the lead judge at the Shanghai People's Intermediate Court.
BEIJING, March 28 (Kyodo) — A suspect caught in the poison dumpling case, which caused anxiety in Japan over the safety of foods imported from China, has admitted during questioning earlier this month that he tainted the food with pesticide, the Ministry of Public Security said Sunday.
DEARBORN, Mich., March 28 /PRNewswire-FirstCall/ -- Ford Motor Company (NYSE: F) announced it has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited. The sale is expected to close in the third quarter of 2010, and is subject to customary closing conditions, including receipt of applicable regulatory approvals.
Manufacturing.net sat down with Doug Fuehne, VP, Professional Services of PROS Pricing Software Solutions to talk about how manufacturers can improve their pricing strategies and come out ahead as the economy turns around. To get right to it, the five pricing strategies Fuehne suggests will help you come out ahead in the economic recovery: Identify underperformers.
The Green Filter Cleaning Machine (GFCM) from Diversi-Tech (Montreal, Canada) is designed to clean and extend the life of industrial filters, which reduces the cost of filter replacement. In addition, the GFCM helps manufacturers reduce the cost of disposal, and minimize their landfill use.
Endress+Hauser (Greenwood, IN) now offers the Liquiphant M, a density meter that provides on-line measurements, eliminating the need for extensive and expensive off-line procedures. The Liquiphant M allows control systems to react much faster to changing process conditions.
The new SINO-R from SCHUNK (Morrisville, NC) is a maintenance-free toolholder that is especially well-suited for rough milling. The holder is based on an expansion technology system, with a solid body as a pressure medium that quickly clamps the cutting tool by using a simple actuation switch.
Dynabrade, Inc. (Clarence, NY) introduces the new Electric Rotary Polisher, which works on a variety of solid surfaces, including fiberglass, plastic, painted surfaces, composites, and more. The polisher features rotary motion for cutting, polishing, and buffing, along with a 180° rotating trigger handle.
STOCKHOLM (AP) — A spokesman for Volvo Cars says that China's Zhejiang Geely Holding Group could sign a binding deal to buy the Swedish automaker from Ford Motor Co. this weekend. Geely and Ford have earlier said that they expect to pen it by the end of March. Volvo spokesman Per-Ake Froberg said Friday that the deal could be reached on Sunday, "but it's not set in stone yet.
WASHINGTON (AP) — The burst of energy the economy showed at the end of last year isn't likely to be repeated anytime soon. The Commerce Department reported Friday that the economy grew at a 5.6 percent pace in the October-to-December quarter in its third and final estimate of economic activity during the period.
When your eyes dart between the grilled cheese and the salad bar during your lunch break, what are you really thinking about? How do you decide between the real-fruit sorbet and the chocolate cake? We recently ran a video from CBS news , which suggests that the reasons we choose to eat what we choose to eat may be more complicated than they seem at first glance.
TOKYO (AP) — Toyota said Friday it is stopping production at its factories in France and Britain for a total of nine days amid falling sales that the company partly attributed to its recent recall woes. The world's No. 1 automaker will suspend output at it plant in France for four days starting April 6, said spokeswoman Ririko Takeuchi.
FRANKFURT (AP) — Siemens AG expects demand for products from its industrial division to stabilize this year after the economic downturn hit spending on big-ticket items, the Munich-based company said Friday. Assuming there is a steady economic recovery, new orders in the sector should reach the level of the company's 2009 fiscal year, which ended in September, Siemens said.
DETROIT (AP) — General Motors Co. says it will bring back 600 workers and add equipment at two Canadian factories in order to turn out more hot-selling midsize crossover vehicles. The company said Friday that it will beef up the body-making capacity at its plant in Ingersoll, Ontario, where it assembles the Chevrolet Equinox and GMC Terrain crossovers.
EVANSVILLE, Ind. (AP) — More than 450 jobs are being eliminated as Whirlpool Corp. ends a production shift at an Evansville factory that is being shut down in June. Union officials say Friday was the last day for 465 workers at the plant. Whirlpool announced last year that it would shut down the 1,100-worker refrigerator factory and move production to Mexico.