NEW YORK (AP) — Swiss manufacturer Tyco International Ltd. said Tuesday its fourth-quarter earnings jumped 30 percent on improving revenue and higher margins. The company also agreed to sell a 51 percent stake in its electrical and metal products business to private equity firm Clayton Dubilier & Rice for about $720 million.
The nation's economic stress fell in September to a 16-month low, thanks to more hiring in New England, fewer foreclosures in the mid-Atlantic and declining bankruptcy filings in the Southeast, according to The Associated Press' monthly analysis of conditions around the country. Eighty percent of the nation's 3,141 counties enjoyed some month-over-month easing of economic pain, the AP's Economic Stress Index shows.
NEW YORK (AP) — General Electric Co. plans to sink more than $2 billion into its efforts in China through 2012 as the conglomerate looks to build partnerships there. GE said Tuesday that it will likely spend $500 million on research and development and new customer innovation centers, adding more than 1,000 new jobs.
WASHINGTON (AP) — The BP oil rig explosion and spill was not about anyone purposely trading money for safety, investigators on a special presidential commission said Monday. Instead it was more about seemingly acceptable risks adding up to disaster. Investigators at the commission's hearing outlined more than a dozen decisions that at the time seemed questionable but also explainable.
This article first appeared in the November/December 2010 issue of IMPO . When Automationdirect.com decided to automate its warehouse, it was already operating at 99 percent accuracy. But in order to keep the company’s promise of same-day shipping, the warehouse was requiring more and more personnel.
For years, standards bodies have worked to develop common vocabularies to help streamline supply and demand chains. However, with recent legislation demanding rapid compliance and costly fines for organizations that fail, a new approach for compliance is required—one that could forever change the way we think about exchanging supply chain information.
This article first appeared in the November/December 2010 issue of IMPO . Lee Morgan is president of Camfil Farr Air Pollution Control (APC). He holds a Bachelor of Science degree in mechanical engineering from South Dakota State University in Brookings and is the Research Subcommittee Chairman of ASHRAE TC 5.
This article first appeared in the November/December 2010 issue of IMPO . Ask around among people that use hydraulic or pneumatic torque wrenches on the job and, chances are, almost everyone knows someone that has been injured or has experienced an injury themselves. Injuries can range from pinched fingers to broken hands and fingers, or even toxic oil “injections.
This article first appeared in the November/December 2010 issue of IMPO . I have found that there is a big disconnect between what business owners want out of economic development, and what state agencies provide. Most businesses, particularly manufacturers, would like to have an economic development model that is extremely business-oriented and totally focused on just recruiting companies and creating jobs.
This article first appeared in the November/December 2010 issue of IMPO . What you should know about U.S. immigration crack downs on I-9s. Worksite investigations have continued to put a freeze on some businesses, especially targeting those that have been known to hire undocumented workers.
This article first appeared in the November/December 2010 issue of IMPO . Before embarking on a tour of Ceradyne, Inc.’s Irvine, CA facility, lean champion Tony Barrett dispenses with a little foreshadowing: “You’re going to see a floor that can react on a dime,” says Barrett.
NKE Austria (Steyr, Austria) now offers electrically-insulated roller bearings, the SQ77, provide reliable protection against current discharge and the resulting electrical corrosion. According to the company, these bearings are ideal for electric motors, generators, and electrical machines.
The WP-50 and WP-125 Micro-Tig torches from Weldcraft (Appleton, WI) features lightweight, short torch bodies that allow pen-like welding control in the most complex applications, according to the company. The WP-50 air-cooled TIG torch provides 50 amps DC of welding capacity, and its 80-degree torch head is only 5/8” long and 3/8” in diameter.
EXAIR (Cincinnati, OH) has a new 30-gallon Chip Vac, which picks up chips and delivers them to an ordinary 30-gallon drum. It can be moved from drum to drum in order to keep different materials separate for recycling, and can be used on fixtures, floors, and work surfaces in machining centers, lathes, mills, and more.
Maple Systems (Everett, WA) has added two new Touchscreen Graphic HMIs to its family of OIT products. The new HMI5043T is a compact, 4.3”, 16:9 widescreen, while the HMI5104TH has a 10.4” screen. Both have an Ethernet port and VNC server that enables the user to remotely monitor and control the HMI from any location via a desktop computer, laptop, cell phone, and more.
Chr. Hansen is a leading global supplier of bioscience-based ingredients for the food, health and animal feed industries. On-time delivery of these high-value, time-sensitive ingredients is expected. And, if expectations are unmet, customer relationships hinge on the quick and complete resolution of any issues.
So, your facility just went through a food safety audit and passed with flying colors. It’s time to celebrate, right? Um, maybe not so fast. While inspections are the key to preventing a food recall disaster, it’s the quality of the audit that really counts. Remember that massive salmonella outbreak that sickened more than 1,800 people? According to a Washington Post article , one of the companies involved in the recall, Wright County Egg, received a “superior” rating from its auditor, AIB International, just two months before the recall hit.
GREENVILLE, N.C. — NACCO Materials Handling Group, Inc. (NMHG), the makers of Yale® and Hyster® lift trucks, has announced the addition of 401 workers for the company’s Sulligent, Ala., Berea, Ky., Ramos Arizpe, Mexico, and Greenville, N.C., lift truck manufacturing facilities.
DES MOINES, Iowa (AP) — Thousands of people likely were sickened by salmonella-contaminated eggs from two Iowa companies last summer, but lawyers said far fewer have the proof needed for a successful lawsuit and most cases filed will be settled out of court. So far, attorneys in Seattle, Houston, Chicago and Minneapolis have filed at least 10 cases related to recalls by Wright County Egg and Hillandale Farms of Iowa.
BEIJING (AP) — Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign and possible hoarding by state oil companies disrupted industry and trade. Supplies ran low after thousands of factories bought diesel generators to cope with power cuts imposed by authorities to meet energy-saving goals.