DETROIT (AP) — Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement. GM and the Treasury Department would not comment Sunday on reports that the automaker is in talks with its current partner in China, SAIC, about buying a stake in the Detroit company.
LINCOLN, Maine (AP) — A co-owner a paper mill in Lincoln, Maine, says a worker has been hospitalized after suffering burns during the mill's annual shutdown for maintenance. Keith Van Scotter, co-owner of Lincoln Paper and Tissue LLC, says the worker suffered hot water and steam burns while inspecting one of the tissue machines at the plant on Thursday.
The "nightmare well" is dead. But the Gulf coast's bad dream is far from over. Federal officials declared Sunday that the well where the Deepwater Horizon rig exploded had finally been killed. Workers drilled a relief well into the damaged one and sealed it with cement. Its official end came 11 years after Texaco first sank an exploratory well near that same spot 50 miles (80 kilometers) out in the Gulf of Mexico, then moved on after finding it unprofitable.
The Enduro-Flex Turbo, from Walter Surface Technologies (Windsor, CT) uses its Cyclone technology and a unique mixture of abrasive grains, plus cooling agents, to produce a fast removal rate of welded material, not to mention a uniform finish. According to the company, the technology can guarantee a 36 Grit cut with a 60 Grit final finish, and can help reduce costs by as much as 30 percent through quicker labor.
All Metric Small Parts (New Hyde Park, NY; aMsp) has launched a series of flush-handle latches that feature fold-away safety handles. They are designed for use in EMI shielding racks for information devices, such as digital equipment, magnetic disk devices, control boards, and more. The rectangular shape measures 75mm x 110mm.
A portable heat pump that delivers 1.8 tons (21,240 BTU/hour) of heating capacity and 1.5 tons (17,700 BTU/hour) of cooling is being offered by Atlas Sales & Rentals, Inc. (Torrance, CA). The SHAC Model 1811 portable unit provides supplemental heating in environments with ambient temperatures of 45°F and above.
The multi-head scale by CombiScale, Inc. (Opa Locka, FL) is designed so that all contact parts are completely tool-less: pans, buckets, and chutes are all designed for quick and easy removal and feature a food-grade stainless steel construction. All functions are controlled digitally using a microprocessor.
As optimism increases for a worldwide economic recovery, small to mid-size enterprises (SMEs) once again look forward to revenue growth. As a result, SMEs must seek competitive advantages that enable them to contain costs to ensure that growth of revenues is not at the expense of profits. Enterprise Resource Planning (ERP) can indeed be a strategic weapon.
What do you do when you design parts that have a specific purpose? What do you do when they’re not only critical to operations, but they’re expensive, and you only need a few? Well, the aerospace and defense (A&D) industries have been fighting this battle forever.
TOKYO (AP) — Toyota is in talks with Daimler AG about sharing its gas-electric hybrid technology with the German automaker, Japanese media reports said Friday. Toyota Motor Corp., the world's top automaker, said it has a policy of sharing its hybrid technology with other automakers to help make it widespread but declined to comment on any specific talks with other automakers.
LONDON (AP) — World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research in Motion helped shore up sentiment. Figures showing that U.S. consumer prices rose 0.3 percent in August — roughly in line with expectations — had little impact on the markets on a day when trading is likely to be volatile given that many futures and options contracts have to be settled in both Europe and the U.
KANSAS CITY, Mo. (AP) — Ford Motor Co. CEO Alan Mulally told a crowd of business and government leaders Thursday that he's committed to Missouri but doesn't have any news about a new product line for the Claycomo assembly plant near Kansas City. There had been speculation that Mulally might make news when he spoke during a gathering of the Kansas City Chamber of Commerce and during a separate economic development conference in Kansas City.
WASHINGTON (AP) — Rehabilitating New York's Staten Island Ferry Terminal. Cutting a new highway through Nelsonville, Ohio. Building a trio of battery factories in Michigan. In a report being released Friday by Vice President Joe Biden, the White House pushes back against criticism of its $814 billion stimulus program and highlights 100 projects that it says are creating jobs and growing the economy.
NORCROSS, Ga. (AP) — Gwinnett County officials say a man was crushed to death by machinery at plant near Norcross. The Atlanta Journal-Constitution reports that Gwinnett County fire Capt. Tommy Rutledge says the 48-year-old man, whose name has not been released, was employed at the RockTenn plant.
NEW YORK (AP) — The head of the Johnson & Johnson division responsible for most of the company's 11 product recalls announced her retirement late Thursday, shortly after a congressional committee probing the recalls invited her to a second hearing on the case. J&J, reeling from an unprecedented spate of recalls that includes more than 135 million bottles of infants' and children's Tylenol and other nonprescription medicines, said Colleen Goggins will retire on March 1 after almost 30 "successful and distinguished" years with the company.
Editor's note: In the interest of gathering better feedback from our readers on what topics interest them, we're going to try and solicit feedback and constructive debate on the topics we cover. A new commenting system will be enabled on this page, with the hope you, IMPO 's readers, will feel compelled to respond.
Apex Industrial (Mason, OH) has announced its SkyHook industrial vending machine, which makes it easier to vend MRO products of irregular shapes and sizes. According to the company, any product with a hang-tab or hole punch can be vended in this system, without repackaging. The system is installed by plugging it into a power outlet and connecting it to the Internet, which allows real-time usage, inventory, and restocking information.
Pro-Fit Carry Systems (Puyallup, WA) now offers their “one-stop-shop” for tool organization: the Modular Zippered Tech Bag with a removable shoulder strap. The lightweight nylon pouch provides pockets for small tools, and includes three modular Velcro tool panels, which can be easily inserted or removed.
Milwaukee Electric Tool Corporation (Milwaukee, WI) introduces new wood-cutting SAWZALL Blades, in both standard and The Ax profiles, to deliver durability against nail impact and a quick plunge cut, according to the company. A notable change has been the shift from a 6 TPI (teeth per inch) pattern to a more aggressive 5 TPI pattern.
Geerpres, Inc. (Muskegon, MI) has introduced a new high-capacity, powder-coated cart that blends the most beneficial features of stainless steel and modular plastic carts. The “Hybrid” High-Capacity Cart features a powder-coated metal construction and a center divided cabinet that includes locking and non-locking compartments.