BISMARCK, N.D. (AP) — An analyst says the parent company of Bobcat Co., has been hurt by a global economic slump and by debt it took on when it purchased Bobcat two years ago. Bobcat, of West Fargo, has announced plans to close its Bismarck plant by the end of the year and consolidate its work to Gwinner, in southeastern North Dakota.
NEW YORK (AP) — Nektar Therapeutics said Monday it licensed a pair of experimental pain treatments to AstraZeneca PLC in a deal valued at about $1.12 billion. AstraZeneca will pay Nektar $125 million upfront for the rights to two drugs: NKTR-118, an oral product intended to treat constipation caused by opioid pain drugs, and NKTR-119, which is intended to combine NKTR-118 with opioid pain drugs to create a painkiller that doesn't cause constipation.
BRUSSELS (AP) — The European Union on Monday published e-mail excerpts from computer makers and Intel Corp. to show that Intel pressured chip buyers into choosing Intel over rival Advanced Micro Devices Inc. Intel was hit by a record EU antitrust fine of euro1.06 billion ($1.45 billion) last May for what the EU said was using strong-arm sales tactics such as threatening to withdraw price rebates to squeeze out AMD.
NEW YORK (AP) — Nearly two-thirds of union workers at a Canadian auto plant jointly owned by General Motors and Suzuki have approved a new contract that would freeze wages and pensions, trim benefits, introduce a monthly health care contribution and reduce break times. However, the new contract at the CAMI Automotive Inc.
FRANKFURT (AP) — German carmaker BMW AG said it wants second half 2009 production levels to match levels of the second half of 2008, despite the dramatic sales declines experienced in the first half of this year. The Munich-based carmaker told German weekly Automobilwoche the company "wouldn't build fewer cars in the second half of 2009, compared to the year-ago period.
DETROIT (AP) — Governments and schools across Michigan are bracing for the possible loss of millions of dollars in tax revenue as General Motors Co. and Chrysler Group LLC argue that they should pay less in property taxes. GM and Chrysler say their property taxes are inflated by more than 50 percent because local communities overestimate the value of their plants and buildings.
Apple is renowned for their revolutionary and innovative products, some of which have changed the way we live. First, the iPod, featuring the world-famous "click wheel." Now, see how Apple has hybridized click wheel technology with their sleek laptops, forming a keyboard-less laptop that functions seamlessly and beautifully.
If you asked Ken Baker, CEO of NewAge Industries of Southampton, PA, why he thought his company was a great place to work, he wouldn’t answer you with metrics, platitudes, or generic corporate speak. In fact, Baker doesn’t seem capable of the stereotypical “canned answer.
I’m by no means a trade show amateur. In fact, I’ve walked so many expo halls over the course of my career in trade media I probably have permanent shin splints—the result of several marathons of dress shoes on concrete. As I approached the task of packing for Design & Manufacturing Midwest this week, my primary area of focus was on how best to maintain my overall comfort throughout these long days.
The ability to react rapidly to changes in demand is one of the most crucial capabilities in business today. At one time you might have staffed extra people or carried extra inventory, but that is expensive. Every wasted dollar eats away at your margins. Whatever your industry, you need a way to respond quickly to fluctuations in demand while minimizing your costs.
“The biggest misconception among manufacturers is that OSHA is just presenting them with a guideline, not with something they have to do. The fact is, OSHA is beefing up enforcement of safety measures on several fronts,” says Tony Supine, technical director, Farr Air Pollution Control (APC).
“We don’t have unions within our company except in countries where it is mandated,” says David Armstrong, CEO of Armstrong International. “When we came in as new owners, we moved the employees into a new, clean building. We cleaned the machinery, the shelving, and we treated the people with respect and courtesy, which are core values in our company.
Blue Springs , MO — Fike, a leader in industrial and explosion protection safety solutions, is sponsoring two Explosion Protection Seminars: Concord, California on September 29, 2009; and Pomona, California on October 1, 2009. The primary focus of these educational seminars is the protection of facilities against potential combustible dust explosion hazards, and explosion mitigation techniques use to help provide a safe workplace.
In the September issue of Harvard Business Review, authors Ram Nidumolu , C.K. Prahalad , and M.R. Rangaswami provide a framework for adopting sustainable practices to bring about the technological and organizational innovations that will ultimately yield top- and bottom-line returns, providing a competitive advantage when the recession ends.
A. Our philosophy at Rite-Hite over the past 35 years has been product development and innovation with compelling new products that add value and solve problems for customers. That is how all of our businesses are set up. We’re constantly looking for new ways to solve problems at the loading dock, as well as other areas throughout plant and warehouse facilities.
In manufacturing, the people losing their jobs are mostly skilled workers, some of whom are highly skilled. Their worry is whether they can find a comparable job that approximates their current income and benefits in the event of a lay-off. The big question is: Are the retraining programs sponsored by state and federal governments going to provide comparable jobs, or are they focused on finding any type of job that is available? An Attempt There are four different government programs that offer training and re-training: The Workforce Investment Act (WIA) : The Workforce Investment Act is the program with the biggest budget for training (approximately $7 billion per year), and was passed in 1998.
WARSAW, Poland (AP) — A methane leak in a Polish coal mine set off an explosion that killed 12 miners on Friday, officials said. Edyta Tomaszewska, a spokeswoman for the state body that oversees Polish coal mining, said the explosion occurred 3,450 feet (1,050 meters) underground at the mine in the southwestern city of Ruda Slaska.
DETROIT (AP) — Last week's deal for General Motors to give up control of its money-losing Opel unit has a big downside: If the deal goes through, Russian automaker GAZ will get its hands on GM technology. Worse yet, GAZ, with cars that are light years behind most global automakers in quality as well as engines, transmissions and other technology, is likely to use what it gets from GM to compete against the Detroit automaker's Chevrolet brand in Russia.
Consumers lost trust in brands this year as the recession deepened, according to an industry report released Thursday, although longtime staples Coca-Cola and IBM retained their spots as the world's two most valuable brands. This is the first time the combined value of the world's top 100 brands as ranked by Interbrand, a branding agency, has fallen in the 10 years Interbrand has assessed them.
MONTREAL — AbitibiBowater announced Thursday that it will suspend production indefinitely at several Canadian and U.S. mills in a corporate streamlining that will affect about 1,500 Canadian workers. The cuts, which begin Oct. 31, reflect the insolvent newsprint giant's restructuring efforts under the bankruptcy protection laws in Canada and the United States.