DETROIT (AP) — General Motors Co. will file paperwork in mid-August to start the process of selling stock to the public, the head of the United Auto Workers union said Thursday. President Bob King said GM would file the paperwork, called a registration statement, along with its second-quarter earnings.
Pricing is one of the most powerful — yet underutilized — strategies available to businesses. A McKinsey & Company study of the Global 1200 found that if companies increased prices by just 1 percent, and demand remained constant, on average operating profits would increase by 11 percent.
Rooflifters (Miami, FL) is offering a solution to expand the cubic space area in any manufacturing facility or warehouse. The company can raise an existing roof to any desired height while keeping it intact, and with minimal demolition, in order to increase clear height to meet current standards.
The new humidity and temperature HygroLog HL-20/21 data logger from ROTRONIC (Bassersdorf, Switzerland) is a compact device that uses the company’s AirChip 3000 technology and Hygromer sensors. According to the company, the HL-20/21 is ideal for pharmaceutical clean rooms, warehouses, production rooms, and more.
The IO-Link-based RFID systems from Balluff (Florence, KY) allows customers to connect their RFID system to their network as easily as connecting discrete I/O. The IO-Link protocol enables users to connect RFID processors to an industrial network via a gateway using standard discrete sensor wiring.
ROTEX Global, LLC (Cincinnati, OH) now offers a full line of Gyratory Reciprocating Screeners designed to accurately separate dry materials at high production rates. These self-contained production screening machines utilize a unique gyratory-reciprocating motion and a positive mesh cleaning system that provides accurate separations.
YORK, Pa. — FAGE USA’s yogurt manufacturing venture in the USA has been a great success, so much so they are already expanding the facility. Back in early 2008, FAGE USA opened their new manufacturing plant and attached distribution center in Johnstown, NY. The original facility includes a Westfalia High Density Automated Storage and Retrieval System (AS/RS) and Savanna.
WASHINGTON (AP) — Congress has passed legislation that temporarily reduces or suspends tariffs on 639 items, mostly components that American manufacturers use in their production processes. The Miscellaneous Tariff Bill comes up periodically. On Tuesday it passed the Senate without opposition or a recorded vote.
NEW YORK (AP) — Stocks traded in a tight range Wednesday after another disappointing economic report added to investors' doubts about the recovery. The Commerce Department's durable goods orders report for June indicated manufacturing growth is slowing. Orders for goods expected to last at least three years fell 1 percent last month, well short of the 1 percent gain that economists polled by Thomson Reuters had forecast.
MINNEAPOLIS (AP) — Boeing Co.'s second-quarter profit fell 21 percent, as revenue dropped in both its commercial airplane and defense units. Boeing also said on Wednesday that the first delivery of its new 747-8 may slip into early next year. It's in flight testing now, and Boeing is still working toward delivering it by the end of this year, but "there is increasing pressure on that schedule," it said.
BEIJING (AP) — A powerful blast caused by a suspected gas leak rocked a plastics factory in eastern China on Wednesday, killing at least 12 people and seriously injuring more than a dozen others. An initial investigation showed the explosion occurred after workers accidentally breached a propylene pipeline beneath the factory in downtown Nanjing, the capital of Jiangsu province in eastern China, state broadcaster CCTV reported.
Matches are so common nowadays we hardly think about them ( not unlike copiers ). So, where did they come from? Start with a little bit of animal urine, and mix in some engineering virtuosity. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
CLEVELAND, OH (July 27, 2010) — Applied Industrial Technologies (NYSE: AIT) has announced the publication of its 2010 / 2011 Applied® Product Catalog with more than 3,000 new products. The full-line catalog, with 38,000 products overall, includes the industry’s best selection of bearings, motors, drives, belts, fluid power products, tools, welding supplies, safety items and more.
Fundamental Changes Are Necessary to Meet Goal of National Export Initiative WASHINGTON, D.C., July 26, 2010 — The American Farm Bureau Federation (AFBF), the Coalition of Service Industries (CSI) and the National Association of Manufacturers (NAM) put forth a comprehensive approach today to double U.
LONDON (AP) — BP's much-criticized CEO Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill. BP said the decision to replace Hayward, 53, with the company's first ever non-British chief executive was made by mutual agreement.
NEW YORK (AP) — Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as revenue surged in most of its businesses and it raised prices. The Wilmington, Del., company also raised its earnings forecast for the year, saying it expects to continue to benefit from higher prices, growing sales and better efficiency.
NEW YORK (AP) — United States Steel Corp. on Tuesday posted a second-quarter loss, although it was far smaller than a year ago as sales more than doubled. The company said the results indicate "a sharp turnaround" from last year, but it sees some hurdles ahead. US Steel expects to post a third-quarter profit, but the Pittsburgh company said operating results will fall from the second quarter because of declines in orders from spot market customers.
TAIPEI, Taiwan (AP) — Foxconn Technology Group temporarily shut down a plant in India on Monday after some 250 workers became sick, possibly from a pesticide sprayed at the facility. The Chennai, India, plant could end up suspending operations for about a week to address whatever caused the sickness, the company said in a statement.
CENTRAL ISLIP, N.Y. (AP) — Two former top executives of the nation's leading supplier of body armor to the U.S. military shared a limitless appetite to steal from the company and cover up their wrongdoing, a federal prosecutor said Monday in closing arguments at the pair's fraud and insider trading trial.
WEBSTER CITY, Iowa (AP) — A manufacturing company said Monday it plans to build electric cars in Webster City, a project that officials said will create up to 300 new jobs in the north-central Iowa community. Webster City and AMS Inc., a new division of Eagle Manufacturing, jointly announced the signing of a contract with Envision Motor Company, of Ames.