New York manufacturer, Shapeways, opened its first U.S. factory where up to forty 3-D printers will make designer products to ship worldwide. Shapeways CEO, Peter Weijmarshauser, talks about the factory and the company's plans for the future.
In 1963, the newly unveiled Stingray turned the Corvette into something really special, and now the Corvette Stingray is back and in a big way. CBS News' Lee Cowan takes a spin in the new car and talks about this iconic roadster's history.
To workers being pushed out of jobs by today's technology, history has a message: You're not the first. From textile machines to the horseless carriage to email, technology has upended industries and wiped out jobs for centuries. It also has created millions of jobs, though usually not for the people who lost them.
The nation's labor unions suffered sharp declines in membership last year, the Bureau of Labor Statistics said Wednesday, led by losses in the public sector as cash-strapped state and local governments laid off workers and — in some cases — limited collective bargaining rights.
German automaker Volkswagen on Wednesday flipped the on switch for a new solar park at its Tennessee assembly plant. The 33-acre installation next to the Chattanooga plant has a capacity to produce more than 13 gigawatt hours of electricity per year. That's the equivalent of the amount of energy used by 1,200 area homes each year, according to Volkswagen.
Toyota's Canadian manufacturing arm will receive nearly $34 million in seed money from Ottawa and Ontario as it builds a new assembly line at its plant in Cambridge, Ont. Ottawa will kick in $16.9 million from the Automotive Innovation Fund, while Ontario will match that with an investment from its Strategic Jobs and Investment Fund.
A northeastern Oklahoma plant has announced plans to lay off nearly a quarter of its workforce. Umicore Optical Materials USA said Tuesday that it will lay off 34 of its 137 workers at its plant in Quapaw. Umicore's Timothy Douglas tells the Miami News-Record that all affected employees were offered severance packages and job-seeking assistants.
Molex Inc., an electronic components and cables maker, said Wednesday that its fiscal second-quarter profit rose 10 percent on higher shipments. But orders fell later in the quarter, and the company posted an outlook for its third quarter that was slightly below analyst expectations.
It's easy to forget just how amazing the Apple iPhone was when it made its market debut - it's the top product at the world's top company. But the iPhone formula needs a shake-up, before Apple loses the platform war to Google in price-sensitive emerging markets.
As 21st century technology strains to become ever faster, cleaner and cheaper, an invention from more than 200 years ago keeps holding it back. It's why electric cars aren't clogging the roads and why Boeing's new ultra-efficient 787 Dreamliners aren't flying high. And chances are you have this little invention next to you right now and probably have cursed it recently: the infernal battery.
For many investors, Apple's best days are behind it. Competitors are catching up, they believe, and the latest iPhone is stumbling. The company's doubters have backed their conviction with billions of dollars. Last week, the stock fell below $500 for the first time in 11 months.
An Italian steel executive turned himself into British authorities on Tuesday after being placed under investigation in Italy over environmental and health problems at Europe's largest steel mill — a case that has become a major headache for the government given the 20,000 jobs at risk if the plant closes.
Google eked out slightly higher earnings in the fourth quarter, despite a financial drag caused by the Internet search leader's expansion into device manufacturing and a decline in digital ad prices as more people gaze into the smaller screens of smartphones.
Hitachi Ltd. said Wednesday it will build two steam turbine generators for a supercritical pressure thermal power plant to be built in India. Hitachi, which is trying to boost its presence in India, said it has received orders for the generators from India's BGR Energy Systems Ltd. and National Thermal Power Corp. for the envisioned 800-megawatt coal-fired thermal power plant.
Earnings at industrial conglomerate Siemens AG declined 12 percent in the October-December quarter after the company took charges at its transport business and a solar power operation it is selling. Siemens reported Wednesday net earnings of €1.21 billion ($1.6 billion) in its fiscal first quarter, down from €1.38 billion a year earlier.
As companies search for ways to get the most out of their existing operating assets, CMMS/EAM software is key. When it comes to researching, selecting, and implementing the right CMMS/EAM, the same mistakes have been made for decades and some new ones have emerged.
When most leaders create annual plans, they typically do not take into consideration the different rhythms that occur in each season. And by not doing that, they can miss out on opportunities to build on natural behaviors that occur throughout the year that can impact performance.
General Motors Co. is pressing employees in Germany to agree on a turnaround plan for its struggling European unit, warning if there is no deal it would end car production at one of its German plants two years earlier than planned. Opel announced last month it plans to stop producing cars at the plant in Bochum at the end of 2016 when it stops making its current Zafira model.
Britain's largest trade union, Unite, says that Rolls-Royce is planning to close one of its U.K. defense operations, resulting in the loss of some 400 jobs. The union said staff at the firm was informed of the company's plans to shut the plant at Ansty, near Coventry, an internal memo Tuesday.
Wal-Mart Stores Inc. has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorized by the discounter. Wal-Mart's stricter measure, along with other changes to its policy, comes amid increasing calls for better safety oversight after a deadly fire at a Bangladesh factory that supplied clothing to Wal-Mart and other retailers.