Nippon Steel & Sumitomo Metal Corp. will comply if South Korea's Supreme Court upholds a ruling ordering the Japanese firm to pay 400 million won, or around 35 million yen, to four former South Korean workers as reparation for wartime forced labor, company sources said Sunday.
A state judge on Friday dealt a blow to activist investor Carl Icahn's effort to stop CEO and founder Michael Dell's $24.8 billion buyout offer for the struggling computer maker. He refused to fast-track proceedings on Icahn's claims that Dell Inc. directors have betrayed their duties to shareholders in trying to win support for Michael Dell's bid.
Over the past two months, Software Advice has surveyed maintenance professionals to identify how the industry uses software to get organized, improve efficiencies and tackle other industry challenges. 84 percent of those surveyed use some kind of software to manage maintenance. Commercial software products (i.e. CMMS, EAM/ERP or other business software tools) were used by 77 percent of those surveyed.
According to recent figures from the South Carolina Department of Commerce, the state’s GDP growth rate of 2.7 percent puts it just above the 2.5 percent national average, and is significantly out-pacing the 2.1 percent average of the southeastern region of the country. Much of this growth is attributed to manufacturing.
ARO electronic interface pumps can be configured to order with solenoid actuation and several feedback sensors for enhanced safety and control, e.g., leak detection and stroke monitoring.
The small loop detector housing includes full-fledged detector features such as Ultrameter TM, two output relays, and 10 sensitivity settings.
The high inertia motor is specially designed to withstand the increased temperature rise during start and stall conditions, and have stall times longer than their start times, says the company.
The rotary shear cut blade cuts against a hardened anvil. The crush cut blade is used for perforating, crush cutting, or score cutting.
Series 2665 WOB-L® Piston Compressors are designed to stand up to the rigors of use in air vending systems.
The handle on the new ratchets is over 25 percent longer than standard ratchets, offering increased reach and greater leverage, says the company.
The 802.11abgn Fast Industrial Hotspot is a high-speed wireless Ethernet solution designed for plant-floor automation, SCADA systems, mobile worker Wi-Fi infrastructure, and process control systems.
This new cordless lighting products utilize the latest Lithium-Ion rechargeable battery technology for long life and better brightness, says the company.
Ford will reduce gas mileage estimates for its C-Max hybrid, following a government investigation into consumer complaints that the car's actual mileage was lower, a person familiar with the matter said. Ford will drop the combined city-highway mileage listed on the window sticker from 47 mpg to 43 mpg (20 kpl to 18.3 kpl), according to the person, who asked not to be identified because the change has not been formally announced.
The number of Americans seeking unemployment benefits dropped 15,000 last week to a seasonally adjusted 320,000, the fewest since October 2007 — a sign of dwindling layoffs and steady if modest job growth. The Labor Department said Thursday that the less volatile four-week average fell 4,000 to 332,000, the fewest since November 2007 and the fifth straight decline.
A federal appeals court has reinstated a lawsuit by a Kentucky man who claims he was passed over for a job overseeing waste disposal from a nuclear plant because he is a whistleblower. The U.S. 6th Circuit Court of Appeals on Thursday ordered a federal judge to determine whether executives with EnergySolutions Inc. learned of Gary Vander Boegh's whistleblowing before bypassing him for the landfill manager's job.
Lenovo Group says it is evolving quickly into a supplier of wireless computing, driven by booming sales of smartphones and tablets as consumers shift away from desktop computers. Sales of wireless devices rose 105 percent in the three months ended June 30, driving a 23 percent rise in profit to $174 million, Lenovo announced Thursday. Total revenue rose 10 percent to $8.8 billion.
Warren Buffett's Berkshire Hathaway Inc. has sharply boosted its stake in General Motors, while again cutting its stakes in packaged food companies Kraft and Mondelez. As of June 30, Berkshire had 40 million shares of the auto maker, according to a filing on Thursday with the Securities and Exchange Commission. That's up 60 percent from the stake reported as of March 31.
Cleveland State Community College has partnered with Cormetec Corporation to help recruit, assess, and train job seekers for open positions in advanced manufacturing operator positions. CSCC recently graduated their first class from their new OneSource Workforce Readiness Manufacturing Skills Training program.
Output at U.S. factories declined slightly in July, reflecting a drop in auto production. The decline was expected to be temporary given the banner sales year automakers are having. Manufacturing output edged down 0.1 percent in July compared with June, the Federal Reserve reported Thursday. It was the first drop since declines in March and April.
Unmanned aircraft, also known as drones, are revolutionizing warfare. Now, some of that technology is coming home from the war, to amuse us and give us an aerial perspective on our surroundings. It's easy to see these agile, relatively stable aircraft being put to a number of uses, from aerial photography to package delivery — at least once the dangers can be managed and the legal issues worked through.