BRUSSELS (AP) — The European Union fined 10 producers of memory chips, including Samsung, a combined euro331 million ($403 million) on Wednesday for colluding in a price-fixing cartel. The EU Commission said that the companies, mostly non-European, rigged the market between 1998 and 2002 by sharing secret information which allowed them to set prices and quotations for Dynamic Random Access Memory chips in Europe.
DETROIT (AP) — AM General LLC, best known as the maker of hulking Humvees and gas-guzzling Hummers, is going greener with a new foray into the electric vehicle business. The South Bend, Ind., company will handle final assembly of Ford Motor Co.'s electric Transit Connect commercial vans, which will go on sale next spring.
TACOMA, Wash. (AP) — U.S. Treasury Secretary Tim Geithner visited some of the top exporters in Washington state on Tuesday in advance of a trip to encourage China to open more of its markets to American companies and their products. After going to Boeing Co.'s 737 jetliner plant in Renton, Geithner and Gov.
HAMMELBURG, Germany (AP) — On the outside, it looks like a normal SUV. But the prototype "autonomous robot car" — fitted with sensors and scanners, multifocal camera systems and powerful computers — might one day help avoid military fatalities from bombings and ambushes — or so its designers hope.
Deere & Co. said Wednesday that its second-quarter profit jumped 16 percent as sales of farm and construction equipment improved, so the maker of iconic green and yellow machinery raised its outlook for the second time this year. The Moline, Ill.-based company said it generated $547.5 million in net income, or $1.
I know some fathers who are never happy with their child’s report card. Consider this lecture from a dad to his fourth-grade son, Johnny: "Well, Johnny, you went up in five subjects and down in none, but you still have one A-, one B+ and two Bs on this report card, and I really do not see you putting all your effort into being a straight-A student.
It is the integration of intent, goals, actions and partnerships that differentiates sustainable biofuels companies from the rest. Integrated companies have deep roots. The leaders of these companies create solid alliances with companies that support their missions through sourcing, distribution, technology and long lasting relationships.
Kelley Company (Carrollton, TX) has launched a new High Volume Low Speed (HVLS) Fan series, designed to provide facilities with an energy-efficient and cost-effective cooling and heating solution. The fans create a horizontal floor jet that consistently circulates air in large spaces, which provides an 8-10 degree cooling sensation.
The COBRA LIFELINK Single-Man cart from Garlock Safety Systems (Plymouth, MN) is a mobile anchorage system that one or two people can tie-off to when they’re on an elevated job site by providing fall arrest for 1 worker and fall restraint for a second. The modular design fits almost anywhere.
The Interna-Rail handrail system from Hollaender Manufacturing (Cincinnati, OH) is an in-line fitting based system designed to combine the look of a welded rail with all the benefits of a mechanical system. The system can be designed to meet any building code. Its fittings are manufactured from 6063-T6 aluminum alloy and the pipe is a combination of 6005-T5 and 6063-T6 alloys.
Cat Pumps (Minneapolis, MN) has developed the new 7375 and 7376 pressure regulators, which are designed to meet the demands of industrial applications where continuous-duty, dependable performance is required. The high flow regulators set system pressure, by-pass unused liquid without interrupting system operation, and protect the pump from exceeding the set system pressure.
WASHINGTON (AP) — Prices at the wholesale level fell in April, reflecting declines in energy and food. The Labor Department said Tuesday that wholesale prices edged down 0.1 percent last month, the second decline in the past three months. Core inflation, which excludes energy and food, rose 0.
SIOUX CITY, Iowa (AP) — An Arizona-based company says it wants to open a wind turbine blade plant in Sioux City, which has recently suffered large layoffs. Sioux City officials and TPI Composites say in state documents that the company wants to open a 250,000-square-foot factory that would employ 500 workers.
SHANGHAI (AP) — U.S. Commerce Secretary Gary Locke led his first trade mission to China's financial center Tuesday, working to deliver on President Barack Obama's pledge to double U.S. exports and create 2 million jobs. The visit to China, ahead of an annual economic dialogue, comes as both countries seek to smooth trade tensions and cultivate new business opportunities while grappling with uncertainties revived by the European financial crisis.
WASHINGTON (AP) — The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009. Taxpayer losses from bailing out Chrysler and General Motors are expected to rise as high as $34 billion, congressional auditors have said. Treasury said Monday that Chrysler repaid $1.
NEW YORK (AP) — Pfizer Inc. said Tuesday it will cut 6,000 jobs as it trims its manufacturing capacity worldwide after acquiring smaller rival Wyeth last year. The world's biggest drugmaker says it will cease operations at eight plants in Ireland, Puerto Rico, and the U.S. by the end of 2015, and reduce operations at six other plants over the next several years.
DETROIT (AP) — In less than a year, General Motors Co. has roared back from bankruptcy to a quarterly profit. Now comes the hard part: Sustaining the income and repaying billions of dollars in government aid. There are signs that GM is on track to do just that. Revenue is up 40 percent over the first quarter of last year.
The Models S10 and S17 Universal Toroidal Conductivity Sensors from Electro-Chemical Devices, Inc. (ECD, Irvine, CA) feature a standard measurement range from 50 to 1,000 mS. The inductive sensors are built with the toroids in line with the axis of the sensor instead of perpendicular to the axis as is commonly employed.
Robinson Rubber Products (Minneapolis, MN) has a new tool call the Molded Rubber Component Design Specification Checklist, which can be filled in online. A Robinson Rubber Engineer will evaluate your part requirements and provide a free, no-obligation way to investigate potential new methods to improve your product’s performance, life, weight, features, and assembly costs.
Nikkiso-KSB GmbH (Bruchköbel, Germany) has launched a new pump type series to meet the stringent requirements of API 685. The series comprimises of 27 sizes and is designed for a minimum of 20 years of operation under heavy-duty conditions. The low-noise motors are available up to 132 kW and are fitted with a corrosion-resistant and energy-efficient chrome nickel molybdenum alloy.