NEW YORK (AP) — Electric car manufacturer Tesla Motors Inc. said Friday it plans to sell stock to the public. The company, based in Palo Alto, Calif., did not disclose in a filing with the Securities and Exchange Commission specifically how much it plans to raise though it listed $100 million as a placeholder figure.
WASHINGTON (AP) — The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate. There's just one problem: Growth would have to equal 5 percent for all of 2010 just to lower the average jobless rate for the year by 1 percentage point.
WASHINGTON (AP) — Toyota Motor Corp. said Monday its dealers should get parts to fix a sticky gas pedal problem by the end of this week as the automaker apologized to customers and tried to bring an end to a recall that has affected 4.2 million vehicles worldwide. The company said in a statement that it has begun shipping parts and is training dealers on the repairs.
From the smallest manufacturing plant that employs manual methods to create their product to the most elaborately automated plant where conveyors dominate floor space, the majority of manufacturers have at least one conveyor in their plant. Whether it’s a single conveyor employed to take away product from a packaging machine, or the transportation system that connects all areas of a plant, conveyors, like the tires on a vehicle, are often the least thought about component in a processing line.
Deschner (Santa Ana, CA) is now offering the Super-K Kinechek speed regulator, designed for a wide variety of motion control solutions, including robotics, food processing equipment, and packaging machines. The Super-K now comes in a 4” or 6” stroke within a short overall length, and can handle loads up to 1,200 lbs.
The OPK-341 Industrial Leak Detection Kit from Spectronics Corporation (Westbury, NY) is an efficient way to pinpoint the source of fluid leaks in hydraulic equipment, compressors, engines, gearboxes, fuel, and other synthetic industrial systems. The core of the kit is the OPTIMAX 3000, a cordless, rechargeable, blue-light LED inspection flashlight.
Zebra Skimmers Corporation (Chagrin Falls, OH) has expanded its Muscle Coalescer line to include new model for servicing air compressor condensate. According to the company, the Muscle Coalescer line has been solid for many years for separation and removal of contaminate oil from water-based fluids.
The Abtex Corporation (Victor, NY) has introduced a compact, wet Tri-Ten planetary head deburring system in a return-to-operator (RTO) configuration. The system deburrs both sides of flat parts, up to 4.5” in diameter, in a single pass while drenching the workpiece in coolant to keep parts clean and extend brush life.
SPRINGFIELD, Ill. (AP) — A corporate spokesman says Honeywell Hobbs expects to complete the phase-out of its Springfield manufacturing plant and eliminate approximately 120 jobs by the end of the year. The closing would end the company's more than 70-year run in Springfield. A second plant in Spring Valley, about 60 miles northeast of Peoria, will be shut down by midyear.
EAST CHICAGO, Ind. (AP) — Company and union officials say steel maker ArcelorMittal is planning to restart a blast furnace at a northwestern Indiana mill in a move that could put hundreds of workers back on the job. The company says it is increasing production at the East Chicago plant in response to improving market demand.
WASHINGTON (AP) — Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century. The anemic gains have raised concerns about the durability of the economic recovery.
WASHINGTON (AP) — A key House Republican leader said the GOP expects President Barack Obama to do more listening than talking when he huddles privately with lawmakers Friday at a retreat in Baltimore. Obama wants to offer tax credits to companies that hire new workers, a plan that drew a cool reception from Congress last month despite the nation's double-digit unemployment rate.
DETROIT (AP) — Toyota Motor Corp. says it has figured out how to fix a problem with sticking accelerator pedals and will update employees with details. The company said in an e-mail to workers Thursday night that it presented a remedy to federal regulators. The e-mail obtained by The Associated Press says that plans are being developed on a variety of fronts.
CHARLESTON, W.Va. (AP) — Three recent chemical leaks at a DuPont plant, one of which killed a worker, don't appear to be related, a federal investigator said Thursday. U.S. Chemical Safety Board investigator Johnnie Banks promised a thorough investigation into the leaks, which prompted the plant's temporary shutdown over the weekend.
The NewAir I.B. Express system from Sealed Air (Saddle Brook, NJ) is an inflatable cushioning system that quickly creates patented Barrier Bubble material that can be used for cushioning, or blocking and bracing applications. The NewAir allows operators to create cushions with widths of 12” and 24”, and includes options for film strength to accommodate a variety of applications.
VIC Leak Detection (Ronkonkoma, NY) announces its new series of hydrogen gas leak detectors. The portable, battery-operated hydrogen leak detector uses a safe 5 percent hydrogen gas mixture and can test wet parts without being affected by humidity. Additional features include: A minimal amount of required maintenance, with no chamber evacuation vacuum pumps, evacuation valves, and manifolding.
The EcoPolyBlend spill control pallets from Justrite Mfg. (Des Plaines, IL) are an eco-friendly solution that protects against groundwater contamination to meet EPA standards. In addition, the pallets are made of 100 percent recycled polyethylene, so they support other green initiatives as well.
Deacom, Inc. (Wayne, PA) has released a new version of the DEACOM ERP Software System, which incorporates design changes to the main menu and enhancements to specific functionality. The new menu contains all the functional areas that are managed in the single system, such as purchasing, sales, inventory control, and production.
The current slugfest between Verizon and AT&T has made for moderate entertainment if you’re one of the few who still watch — or lack the capacity to skip — commercials. Every time I see the other Wilson brother (Luke) wobbling around with a missing head or flinging postcards, it helps remind me that competition can still work in the consumer’s favor.
The American Society for Quality (ASQ) conducted a survey on Food Safety (ASQ, 2009) revealing 93 percent of adults say food manufacturers, growers or suppliers should be held legally responsible when individuals are fatally sickened by tainted food. Other findings included: 61 percent of U.