ST. LOUIS (AP) — Ralcorp, which announced it would buy Sara Lee's North American refrigerated dough business Tuesday, said its third-quarter net income fell 47 percent because of an impairment charge and higher expenses. The company earned $28.3 million or 50 cents per share, in the quarter.
NEW YORK (AP) — Apple has surpassed Exxon Mobil as the most valuable company in the U.S. Apple Inc.'s stock gained 3.4 percent to $365.10 Tuesday afternoon, bringing the iPhone and iPad maker's market capitalization to about $338 billion. Exxon Mobil Corp. shares, meanwhile, were trading at $69.
NATCHEZ, Miss. (AP) — An Ohio-based company says it's taking over a south Mississippi plant that makes storage tanks and other large steel products, and it's adding 75 jobs to the existing work force. Enerfab Inc., based in Cincinnati, is moving into the plant in Natchez that had been run by Dynasteel.
DETROIT (AP) — General Motors plans to be leaner in the future by cutting in half the number of car and truck frames its uses worldwide. The company also says it will increase factory capacity 45 percent in Brazil, Russia, India and China by 2014 to take advantage of growth. GM made the statements Tuesday in slide presentations for its annual global business conference for industry analysts.
Hyde Tools (Southbridge, MA) has rolled out a new line of economical adhesive spreaders, each designed with two notched sides. Each 9" x 4" spreader is comprised of carbon steel and has a rolled steel handle for easy gripping. All have notches on two sides—a 9" side for general spreading and a 4" side for reaching into corners or tight areas.
Jenny Products, Inc. (Somerset, PA) now offers the electric-powered J5A-30P air compressor. This single-stage compressor includes an ASME-certified, 30-gallon air tank and is ideal for running multiple tools simultaneously. The J5A-30P is driven by an industrial-duty, five horsepower electric motor, which requires a single-phase, 230 volt power source.
The complete line of sampling pumps from Allegro Industries (Garden Grove, CA) meet OSHA and AHERA standards and can dependably monitor mold, lead, asbestos, and other dangerous particulates. One of these pumps, The Diaphragm Sampling Pump, is cost effective, maintenance free, and will operate efficiently with mold, PCM, and TEM cassettes.
Plast-O-Matic Valves, Inc. (Cedar Grove, NJ) has introduced a new automatic valve that performs multiple functions in a piping system, including pressure relief, backpressure control, pump bypass, and anti-siphon protection. The new ½ inch, lug-mounted Series RVDT uses an adjustable non-wetted spring to control backpressure in a liquid piping system.
A British man is preparing to leave the hospital after a pioneering surgery to install an artificial heart implant. The implant is powered by a portable driver worn in a shoulder bag and is designed to keep Matthew Green alive while he waits for a heart transplant. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Mary Kaye Denning is the Founder and President of Cleveland-based The Manufacturing Mart, a program that helps connect manufacturers and suppliers by establishing a "permanent tradeshow." We sat down with Denning recently to discuss her theory on bringing a Starbucks "philosophy" to the shop floor by creating a better work environment and empowering employees.
1) Why do manufacturers need X-ray inspection systems? Quite simply, manufacturers need X-ray inspection systems in order to protect their brands as a poor quality product will damage their reputation with consumers and their future business. The quality of products needs to be controlled and verified on the production line and incorporating X-ray inspection into a business, whether in the food, beverage or pharmaceutical industry, is one of the most effective ways to safeguard against potential issues.
TOKYO, Aug. 9 (Kyodo) — Mitsubishi Motors Corp. said Tuesday it has launched production of a new model of its Pajero Sport vehicle in Bangladesh to strengthen its lineup in the local market. Mitsubishi Motors said it aims to sell about 500 units per year of the sport utility vehicle, which is manufactured at its business partner Pragoti Industries Ltd.
DETROIT (AP) — Federal safety regulators are looking into a problem with BMW automatic transmission shifters that can allow cars to roll away after drivers have left the vehicles. The National Highway Traffic Safety Administration said Tuesday on its website that about 120,000 BMW 7-Series luxury sedans from the 2002 through 2008 model years could be affected.
SPRINGFIELD, Ill. (AP) — Illinois state employees injured while committing crimes no longer will be able to get workers' compensation under a new law signed by Gov. Pat Quinn. The law stems from a 2007 wreck involving former Illinois State Police Trooper Matt Mitchell. Mitchell was driving more than 100 mph and using his cell phone on Interstate 64 in southwestern Illinois when his cruiser crossed the median and slammed into a car.
YAKIMA, Wash. (AP) — Seven months before graduation, Alex Dimas toured aviation manufacturer GE Aviation Systems and applied for a job. Then, the company and his instructors at Perry Technical Institute worked with him to strengthen his skills until he graduated. Three years later, he's still at the company, working as a machinist building hydraulic fuses for 737s.
WASHINGTON (AP) — Fire trucks and concrete mixers, semis, heavy-duty pickups and all trucks in between will, for the first time, have to trim fuel consumption and emissions of heat-trapping gases under new efficiency standards being announced Tuesday by President Barack Obama. The White House says the standards the president was announcing will save businesses billions of dollars in fuel costs, help reduce oil consumption and cut air pollution.
WASHINGTON (AP) — U.S. workers were less productive in the spring for the second quarter in a row, a trend that may not bode well for future hiring. Productivity dropped 0.3 percent in the April-June quarter, following a decline of 0.6 percent in the first three months of the year, the Labor Department said Tuesday.
Owners and managers of manufacturing facilities are working hard to incorporate environmentally friendly practices into everyday operations. As they look for ways to update their existing material handling processes to meet the demands of corporate sustainability initiatives, many are realizing they already have taken that first step by using a fleet of propane-fueled forklifts.
By now, most legal, finance, and compliance personnel at large international manufacturers are well versed in the compliance requirements of the U.S. Foreign Corrupt Practices Act of 1977 (FCPA). Executive leadership at most companies that are affected by the FCPA have been satisfactorily scared into compliance by promises of huge fines and jail time if violations of the FCPA are uncovered.
The word at the root of “succession”—intentionally relevant or not—is success. This abstraction is no less implied as it is a tradition for MSC Industrial Supply, as it embarks on the latest “passing of the torch” from CEO David Sandler to his board-appointed successor, Erik Gershwind.