TOKYO (AP) — Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods that connect a vehicle's steering system to its front wheels. The world's largest automaker, which is trying to repair a reputation damaged by recalls of millions of cars worldwide since October, said the federal grand jury issued the subpoena to its U.
A recent U.S. poll, taken in the wake of the Gulf of Mexico oil leak, revealed that 58 percent of Americans believe that U.S. energy policy needs to “fundamentally” change, but 51 percent say that they would oppose a tax to pay for the development of renewable energy. That’s a remarkable statistic that reminds us that when it comes to the failure to fix energy policy, in the immortal words of the cartoon world’s Pogo, “We have met the enemy and he is us.
NEW BRUNSWICK, N.J. (AP) — Healthcare giant Johnson & Johnson on Tuesday posted a 7.5 percent increase in second-quarter income despite ongoing recalls of popular nonprescription medicines keeping sales flat. Still, the maker of Band-Aids, birth control and biotech drugs reduced its profit forecast for the year by 15 cents a share.
MURRAY, Ky. (AP) — Outdoor power equipment maker Briggs & Stratton Corp. is renovating its western Kentucky plant, keeping 640 jobs in Murray. Gov. Steve Beshear was in Murray on Monday for the announcement and said the decision by the company will have tremendous economic impact across the state.
NEW YORK (AP) — A rebound at its financial services business and stabilizing sales of its high-end motorcycles sent Harley-Davidson's net income soaring in the second quarter, but the company cautioned that the market for its two-wheelers will remain challenging this year. Harley, which has been restructuring for more than a year, said worldwide retail sales of its motorcycles fell 5.
WAKO, Japan (AP) — Honda will start selling an electric vehicle as well as a plug-in hybrid in 2012 in the U.S. and Japan, joining the race to manufacture green cars in which rivals have already taken slight leads. The plans were disclosed by Honda Motor Co. President Takanobu Ito at the Japanese automaker's facility in a Tokyo suburb Tuesday.
PARIS (AP) — China has overtaken the United States as the world's largest energy consumer, the International Energy Agency said Tuesday. China immediately questioned the calculation. The Paris-based agency said China's 2009 consumption of energy sources ranging from oil and coal wind and solar power was equal to 2.
The I-Mark I-Series dot-peen marking system from Columbia Marking Tools, Inc. (Chesterfield, MI) comes with a marking head, a system controller, cables, and programming software. The compact head is approximately 7” square, and can be mounted on one of the three sides.
Coxreels (Tempe, AZ) announces the addition of a wand holder for its 1125 Series hand crank and motorized reels. The new accessory is made out of lightweight aluminum, with a black powder coating finish for corrosion resistance. The holder stands in at 24” long, with a diameter of 1.
Misumi USA, Inc. (Schaumburg, IL) has introduced a new line of Factory Frame Systems, meant to provide a configurable and cost-effective option for creating a wide array of temporary and permanent storage units. The Factory Frame system allows users to design, configure, and assemble units to meet their exact application requirements.
The T-Rex Test Stand from Cooper Instruments (Shawnee, OK) has been designed to accommodate a variety of materials, component, and product tests. The flexible system provides a capacity of 4 tons in tension and 10 tons in compression. The numerous applications possible with the T-Rex system include, according to the manufacturer: mechanical connection tests, adhesive bond strength verification, crushing strength review, and more.
JENBACH, Austria — Cow manure is being converted to energy at the first biogas cogeneration plant in the Ukraine. The facility, which is powered by 4,000 cows and a GE (NYSE: GE) Jenbacher gas engine, has recently completed nine months of successful operation at the Ukrainian Milk Company Ltd.
The global business environment has been reshaped over the past several years, with companies across all industries either falling to the financial crisis or adapting to new conditions. Especially during the early stages of the credit crunch, leading players often responded by identifying cost-cutting opportunities and too often dove directly into restructuring staff to provide quick relief to the bottom line.
VIVIAN, La. (AP) — A new boat manufacturer is coming to the Caddo Manufacturing plant in Vivian. Epic Wake Boats has announced it will use the facility and the plant's workforce to produce its electric and hybrid boats. The Times of Shreveport reports that the company's plans also include producing two electric cars, which are built more for recreation than everyday commuting.
ST. CHARLES, Minn. (AP) — A state investigation into the fire that destroyed North Star Foods in St. Charles pinpointed where the blaze started, but does not answer what caused it to ignite in the first place. The April 2009 fire forced a citywide evacuation of the southeast Minnesota town and left more than 200 people without jobs.
FARNBOROUGH, England (AP) — Arch rivals Boeing Co. and Airbus announced new orders worth almost $13 billion at the start of the Farnborough International Airshow on Monday, raising hopes that the aviation industry is on the way back up after a dire two-year slump. The aerospace market "has come back faster than we expected" and Boeing has twice raised its internal forecasts for the number of orders at the biennial show, said Boeing Commercial Airplanes President Jim Abaugh.
MACON, Ga. (AP) — The manufacture of booms to help clean up the Gulf oil spill has become a boon to Washington County. The booms manufactured by Meltblown Technologies are used to corral oil floating on the surface and can be linked to form miles of barriers to absorb oil and prevent its spread.
PORTLAND, Ore. (AP) — On the afternoon of May 19, in a single chaotic hour, more than a thousand wind turbines in the Columbia River Gorge went from spinning lazily in the breeze to full throttle as a storm rolled east out of Hood River. Suddenly, almost two nuclear plants worth of extra power was sizzling down the lines — the largest hourly spike in wind power the Northwest has ever experienced.
NEW ORLEANS (AP) — In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate. And there's very little that the state can do: The tally is due to the Obama administration decisions affecting petroleum, defense and space — all coming together in a perfect storm.
Recently, the United Auto Workers union approved veteran union negotiator and current Vice President Bob King as their new President. With over 30 years in the UAW, some critics consider King to represent the old school way of thinking — especially as he pushes for fewer worker concessions in a highly competitive, struggling and changing auto industry.