The U.S. Treasury Department on Thursday set a price of $34.41 per share for the sale of 30 million shares of General Motors stock. Treasury said the sale will result in aggregate proceeds to the government of $1.03 billion. A United Autoworkers retiree health care trust fund was selling 20 million of its GM shares as well, bringing total sales to 50 million shares.
The Pakistan-based developers of a fertilizer plant have won a southwestern Indiana county's initial approval for the project, weeks after the state pulled its support. Posey County's Board of Commissioners and Council voted last week to give preliminary approval to Midwest Fertilizer Corp. for its proposed plant, including a $1.3 billion bond issue to help finance the project in the county just west of Evansville.
A John Deere plant in Dubuque has laid off 65 employees in its manufacturing section. John Deere spokesman Ken Golden says despite recent strong earnings, the decision is based on sales and demand in its construction and forestry division.
China's workplace safety agency said negligence among factory managers and government inspectors caused "extremely chaotic" work-safety conditions at a poultry plant where a deadly fire killed 120 workers this week. Safety exits were blocked at the Jilin Baoyuanfeng Poultry Co. plant and managers neglected to hold required safety drills or worker education, State Administration of Work Safety head Yang Dongliang said.
Attorneys for a South Korean company accused of stealing the Kevlar body armor recipe from the DuPont Co. are due in federal court in Virginia. Kolon Industries will be arraigned Friday morning in U.S. District Court in Richmond. Kolon is charged in a six-count federal indictment with theft of trade secrets, conspiracy to convert trade secrets and obstruction of justice.
The U.S. economy added 175,000 jobs in May, a gain that shows employers are hiring at a still-modest but steady pace despite government spending cuts and higher taxes. The unemployment rate rose to 7.6 percent from 7.5 percent in April, the Labor Department said Friday.
Thought controlled robots are no longer science fiction: An international team of scientists is working to connect human thought patterns to robotic actions. Controlled humanoids present a new world of mobility for some and a disaster clean-up tool for others.
The 7203e PCI Express serial interface provides two optically isolated serial ports, each individually configurable for RS-232, RS-422, or RS-485.
The 2000 Series Side-Cutting Pliers feature a plastic-dipped camouflage handle design and a distinct black-oxide plier head with a special laser-etched “Support Our Troops” logo.
Simple changes from custom cable assemblies and output connectors to frequency response and output sensitivity can result in significant cost savings and confidence in data integrity.
Featuring a non-halogen filler, EP21FRNS-2 passes UL 94V-0 testing for flame retardancy in potting, encapsulation, and casting applications.
For emergency situations when every second counts, the SpinTec™ drench shower provides a superior washdown, says the company.
These Dodge-manufactured products employ snap-ring retention to securely fit the cylindrical outer diameter into user equipment.
According to the company, the patented Scalewatcher process can extend the life of a user’s capital investments and reduce maintenance costs.
A new Loctite® Primer and Liquid Optically Clear Adhesive (LOCA) combination cures in less than 90 minutes in shadowed areas where light cannot penetrate during UV cure processes.
A new advanced version of SPEEDI-SLEEVE radial shaft seals is an ideal solution to restore malfunctioning sealing systems without requiring machine disassembly or shaft regrinding, says the company.
The Chemlube Plus Series is fully compatible with most OEM Rotary Screw compressor oils and can be used to top off and replace existing fluids, says the company.
The VaraFlow baffle system directs the air through the fume chamber and through the exhaust outlet with minimum turbulence and maximum airflow efficiency, says the company.
The 700APD Power Drive is a portable, pneumatic, heavy-duty power drive which provides power for threading pipe and conduit up to 2 inches (50 millimeters) in diameter.
The clamp-on ultrasonic sensor mounts on any pipe ½-inc ID or larger. The DFM 5.0 is designed for “difficult” liquids like wastewater, sludge, slurries, abrasives, or any liquid with bubbles or suspended solids, says the company.