BEIJING (AP) — Chinese authorities have rejected $28 billion worth of steel and other proposed industrial projects as they try to curb chaotic overinvestment the government worries could lead to economic trouble, officials said Friday. Business groups and economists have warned that Beijing's huge stimulus might fuel a dangerous boom and bust.
NEW YORK (AP) — Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression. "The financial panic is behind us," said famed investor Warren Buffett, who recently made what he called an "all-in wager" on the U.
EVERETT, Wash. (AP) — Boeing Co. ( NYSE:BA ) said Thursday it has finished fixing structural flaws in the first of its long-delayed 787 jetliners. The problem forced the company to postpone test flying the jet for a fifth time earlier this year. The Chicago-based airplane maker said the repair within the joint where the wings attach to the plane's fuselage is "a significant step" toward the first test flight of the aircraft, which has been delayed due to a series of production glitches and a two-month labor strike late last year.
DEARBORN, Mich.— As employers across the country continue to shed hundreds of thousands of jobs, many manufacturers are facing an ironic dilemma. As they eliminate positions—mainly repetitive, assembly type jobs—they still have unfilled job openings for high-skilled workers. According to a recent survey conducted by Deloitte, The Manufacturing Institute and Oracle, “almost one-third of responding companies report some level of shortages today.
OSHKOSH, Wis. (AP) — Defense Secretary Robert Gates commended workers at Oshkosh Corp. ( NYSE:OSK ), telling them Thursday that the military trucks they produce that are being used in Afghanistan are saving soldiers' lives. The newest trucks, designed to be agile enough to maneuver through the nation's rugged terrain yet strong enough to withstand the blasts of roadside bombs, began landing in Afghanistan last month.
Industrial strength magnetic separation equipment has been used in manufacturing facilities for decades. These magnetic separators remove unwanted ferrous metals from bulk products to improve product purity, protect sensitive processing equipment from damage, and prevent fires or explosions.
WASHINGTON /PRNewswire-USNewswire/ — Reporters and the public are invited to attend the 2009 Astronaut Glove Challenge on Nov. 19 at the Astronaut Hall of Fame in Titusville, Fla., near NASA's Kennedy Space Center. The $400,000 prize challenge is a nationwide competition that focuses on developing improved pressure suit gloves for astronauts to use while working in the vacuum of space.
A couple of weeks before we start production on a new issue of IMPO , our staff gets together to talk basically about three things — where we stand right now, where we want to go and how we intend to get there. This scope of attention deals not only with the financial elements that any business endeavor must broach, but also the quality of our end products, in both print and on the web, as well as the process we take in getting there.
I have never stolen anything in my life. It’s not something I consider particularly notable, simply because I feel it should be intuitive; a default. I was raised by hard-working parents who themselves were raised by folks who pulled themselves up by their bootstraps.
Lakeshore Technologies processes ingredients for the food and pharmaceutical industries, serving customers such as Cadbury, Schweppes, Kellogg’s, Pfizer, and Ocean Spray. Their facility in Lakeshore, Michigan spans 75,000 sq. ft., with 7-8 employees per shift. Like many companies that don’t have a dedicated inventory control manager, they found it difficult to keep their stock in balance, opting to over-stock inventory rather than risk stock-outs.
The MH052 pipe sealant from Permabond Engineering Adhesives (Somerset, NJ) has BAM approval for use in oxygen-rich environments (up to 145 psi and 140°F) due to its unique, stable formation. Normally, anaerobic sealants cannot be used in oxygen-rich environments due to instability, which could cause fire or explosions.
Carlo Gavazzi (Buffalo Grove, IL) has launched the RSBS Series Single-phase Plug-and-Play Soft Start, which reduces the amperage demand when starting heat pumps. By maintaining the starting current below fixed limits, the RSBS avoids high energy tariffs and reduces heat dissipation, allowing for a 60 percent reduction in current.
Kin-Tek Laboratories, Inc. (Marque, TX) announces the 491M-PB Module, which is used with 491M Modular Gas Standards Generators to maintain steady gas pressures within the unit and balance backpressure to the delivery system pressure. At trace concentrations (PPM, PPB, and PPT) of reactive gases, surface absorption within the transport system can significantly affect the actual mixture delivered.
Lubrication Engineers, Inc. (Fort Worth, TX) adds to its growing arsenal of reliability solutions with its new Clear Grease Guns, a simple, cost-effective solution for avoiding costly grease cross-contamination errors. Clear Grease Guns ensure 100 percent visual grease identification.
NEW YORK (AP) — German toy maker Steiff has settled an $80 million lawsuit filed in June accusing the company's CEO of conducting a yearslong campaign of unwelcome advances toward a U.S. marketing executive and raping her, a lawyer for the company said Wednesday. When the lawsuit was filed by Steiff marketing executive Jane Collins in June, CEO Martin Frenchen said the allegations were meritless.
PALO ALTO, Calif. (AP) — Hewlett-Packard Co. said Wednesday it has agreed to buy networking software and equipment maker 3Com Corp. in a deal the companies valued at $2.7 billion. HP also issued a preliminary report Wednesday for the three months that ended in October. On an adjusted basis, HP said it earned $1.
Sometimes we forget about the — ahem — gassier side of paper manufacturing. But creating paper from recycled sources, instead of virgin fibers, can spare us all from a whole lot of methane. Have any comments or questions about our Thursday video editions of IMPO Insider? Or do you have a video you'd like to see featured in one of our deployments? Email me at Joel.
It's undeniable: coal mining is a dirty but absolutely necessary business. In this trailer from the documentary " Coal Country ," we can get a glimpse into the endless battles between anti-coal activists, residents, and the workers that make our modern lifestyles possible. The results are explosive and powerful.
ABB industrial robots are known for their stellar motion control, but this is a little bit crazy. Check out how the company has pushed their previous Fanta test to a whole new level. It's like a high school dance — no touching allowed! Have any comments or questions about our Thursday video editions of IMPO Insider? Or do you have a video you'd like to see featured in one of our deployments? Email me at Joel.
TIME Magazine has pegged the Ares I rocket, NASA's newest endeavor into space travel, as the greatest invention of 2009. Although the rocket is not yet ready to carry humans back to the moon and all the way to Mars, the October 28 launch proved that the upgraded system is on its way to being the next best hope in stellar travel.