Globalization is an economic tidal wave that is sweeping over the world. It can’t be stopped, and there will be winners and losers. People around the globe are more connected to each other then ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world.
RICHMOND, Va. (AP) — Among the many modern comforts we all enjoy, the humble drinking straw perhaps gets too little attention. Few people — when they pop a straw into a carton of juice or milk — think about the source of that deceptively simple piece of plastic, or what it takes to make one.
COLOMIERS, France (AP) — The global aircraft industry will recover faster than expected, according to European manufacturer Airbus, which on Monday predicted about $3.2 trillion (euro2.4 trillion) in new passenger and freighter planes will be needed over the next 20 years. The figure translates to nearly 26,000 aircraft, up from its earlier forecast for 25,000.
HUNTSVILLE, Ala. (AP) — Toyota says its on track to add 250 jobs at its Huntsville plant next summer, when the automaker plans to expand its production of engines. Mark Brazeal, general manager of administration for Toyota Manufacturing Alabama, says the plant received more than 10,000 applications for the new jobs and is in the process of hiring workers.
NEW YORK (AP) — Thermo Fisher Scientific Inc. said Monday it will buy laboratory equipment maker Dionex Corp. for $2.1 billion. The scientific instrument maker said the deal will expand its business in the Asia-Pacific region and help it do more business in industries such as environmental analysis, water testing, and food safety.
Job gains around the country offset higher foreclosures and helped reduce the nation's economic stress in October to an 18-month low, according to The Associated Press' monthly analysis. Stress fell in 56 percent of the roughly 3,100 U.S. counties analyzed and in 28 of the states, the AP's Economic Stress Index shows.
NEW YORK (AP) — The founder of Vitesse Semiconductor Corp. and a former executive vice president of the company have been indicted on securities fraud charges. Authorities said Friday that Vitesse founder Louis Tomasetta (Tahm-ah-SEHT-uh) and Eugene Hovanec (HOH-vah-nehk) were charged in federal court in Manhattan with making false filings to federal regulators and conspiring to manipulate the public company's financial statements.
Kollmorgen (Radford, VA) has introduced the VC600 Vehicle Controller, which is just 125 x 50 x 195 mm in size, allowing it to fit where other vehicle controllers can’t. The controller also uses a rugged IP65-classified design that is immune to vibrations, unstable power supplies, temperature variations, humidity, and dust to deliver 24/7 operation.
Bushman AvonTec (Milwaukee, WI) has developed a coil grab, which easily handles densely-packed slit coils. The adjustable coil lifter has flexible lifting legs that fit between the coils and rotate into the I.D. for a safe lift. The hooks are adjustable in two-inch increments to permit handling coils of varying thicknesses.
Attabox (San Antonio, TX) now produces a line of UL 50, Type 3R, 4, 4X, and 12 polycarbonate enclosures. According to the company, the enclosures integrate many features, including external latches, a removable lid, high-performance inserts, an integrated lock hasp, a flush-fit swing panel, and a DIN rail mounting system.
Hitachi America, Ltd. (Tarrytown, NY) has announced its SRL Series Oil-free Multiplex Scroll Air Compressor, which gives companies more versatility when going oil-free, according to the company. The compressor is available in 7.5kW, 11kW, and 16.5kW models, with pressure optimization at 116 PSI or 145 PSI.
Why clean green? Floor scrubbers should be flexible enough to allow the operator to choose where to apply extra water or detergent, such as in higher-traffic or spill areas. There are many reasons why distribution centers, warehouses, manufacturing plants, and processing facilities can benefit from a green floor-cleaning program.
I’m admittedly not much of a cook (plus, who has the time?), so I defect frequently to a diverse range of restaurants in Madison, whether chain or independent, and I relish that I have enough freedom to do so. But this year, I’ve found myself surrendering celery at Buffalo Wild Wings.
SANTA ANA, Calif. (AP) — A federal judge who said he's inclined to let personal injury and wrongful deathlawsuits against Toyota Motor Corp. move forward heard arguments Thursday from Toyota attorneys hoping to dissuade him. U.S. District Judge James V. Selna issued a preliminary opinion Wednesday denying the automaker's motion to dismiss key causes of action in 51 lawsuits.
WASHINGTON (AP) — The largest U.S. labor federation said Thursday it will oppose the free trade deal between the Obama administration and South Korea, which could complicate efforts to get the support of organized labor's Democratic backers in Congress. The decision announced by AFL-CIO president Richard Trumka marks a break with the United Auto Workers union, an AFL-CIO affiliate, which agreed to support the deal after negotiators acted to deal with South Korea's big trade surplus in automobiles.
HARTFORD, Conn. (AP) — The chief executive of Connecticut-based United Technologies Corp. says workers at jet engine manufacturing subsidiary Pratt & Whitney are happy to have a new labor contract. A union official disagrees. Chief Executive Officer Louis Chenevert told investor analysts Thursday he's pleased members of the Machinists union on Sunday approved an agreement allowing the company to shut two engine repair plants in Connecticut.
NEW CUMBERLAND, W.Va. (AP) — Investigators planned to search Friday for answers to what caused an explosion at a West Virginia chemical plant that killed two brothers in the third fatal blast at the site in 15 years. The blast happened around 1:30 p.m. at the AL Solutions Inc. plant in New Cumberland, a small town in West Virginia's northern Panhandle about 33 miles west of Pittsburgh.
WASHINGTON (AP) — The top executive at General Motors says the company was humbled by its "near-death experience" and hopes to rebound from its bankruptcy two years ago. GM CEO Dan Akerson says in a speech to the Economic Club of Washington, D.C., that the automaker is making strides after its large initial public offering in November.
PEORIA, Ill. (AP) — Three people who pleaded guilty earlier this year to fraudulently borrowing $213 million from 85 lenders for a now-bankrupt Bloomington, Ill. company have been sentenced to prison. Former Wildwood Industries plant manager Dominic F. Propersi of Bloomington was sentenced to seven years in federal prison for conspiracy to commit money laundering.
ZONEWORKS (Milwaukee, WI) now offers the insulated Door Blanket, which is a quick and affordable way to protect temperature-controlled items and finished products from the threat of spoilage or irreparable damage that occurs when powered doors on coolers or freezers unexpectedly shut down. The Door Blanket is designed to eliminate the exchange of air at the door opening when an air or automated door won’t close for any reason.