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Daily industrial news and top headlines for plant and maintenance managers

Report: Firms Paid More In CEO Pay Than Taxes

September 2, 2011 5:03 am | News | Comments

NEW YORK (AP) -- Twenty-five of the 100 largest U.S. corporations paid their chief executives more than they paid the government in federal income taxes last year, according to a report released Wednesday. The nonprofit Institute for Policy Studies says the 25 CEOs averaged $16.7 million in salary and other 2010 compensation.

MSC's Latest Catalog Features New Products

September 1, 2011 11:02 am | News | Comments

Melville, New York – MSC Industrial Direct Co., Inc. recently released its latest V80 Metalworking Catalog, which features thousands of new customer solutions from the company’s long list of trusted, industry-leading suppliers. “The MSC team worked extremely hard this past year to make this catalog the most comprehensive of its kind in the metalworking industry,” said David Sandler, president and CEO for MSC Industrial Direct.

Transforming Industrial Robots Into Precision Machine Tools

September 1, 2011 6:55 am | Articles | Comments

The EU co-funded COMET consortium is creating a revolutionary solution enabling the use of industrial robots for high-end machining. Robots of any brand fitted with the novel COMET plug-and-produce controller unit successfully respond to manufacturing industry needs for cost effective, flexible and reliable manufacturing solutions.

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The 6 Pitfalls Of Growth

September 1, 2011 6:52 am | by Richard Kopelman, CPA, Partner at Habif, Arogeti & Wynne LLP | Articles | Comments

It may seem counterintuitive, but it is possible for companies to grow themselves out of business. The U.S. economy is beginning to move toward recovery, in spite of the most recent spell of unrest caused by the credit downgrade. So as our economy begins to turn around, an increasing number of food manufacturers are starting to see an uptick in their business.

The $400K Beer-Fetching Robot

September 1, 2011 6:50 am | Videos | Comments

Willow Garage is a company working diligently to create a personal robot people will use in their everyday lives. Some of the things it can do: play pool, bake cookies, make pancakes, and fetch a beer from the refrigerator. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

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Stryker To Buy Concentric Medical For $135M Cash

September 1, 2011 5:43 am | News | Comments

NEW YORK (AP) — Stryker Corp. said Wednesday it will buy Concentric Medical Inc., which makes devices that are used to remove blood clots from the brain, for $135 million in cash. Concentric Medical is based in Mountain View, Calif. Its devices are designed to be inserted into a blood vessel and then be threaded to the brain, where they can remove a blood clot.

Hurricane Closes Tough Summer For Automakers

September 1, 2011 5:41 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

DETROIT (AP) — Car sales likely slowed in August because of fewer discounts, worries about the economy and Hurricane Irene, which shut East Coast dealerships during the final weekend of the month. Irene closed out a disappointing summer for automakers, which report U.S. sales on Thursday.

Steuben Glass To Shut Doors After 108 Years

September 1, 2011 5:38 am | by Ben Dobbin, Associated Press | News | Comments

ROCHESTER, N.Y. (AP) — The Ohio owner of Steuben Glass, the company still making luxury lead crystal by hand in the United States, said Wednesday that it plans to end production after 108 years. Schottenstein Stores Corp. of Columbus, Ohio, which bought the business from longtime owner Corning Inc.

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Apple Blasted For Alleged Pollution By Suppliers

September 1, 2011 5:35 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

SHANGHAI (AP) — Apple is defending itself against a fresh barrage of criticism from Chinese environmental activists over alleged pollution by the manufacturers who make its iconic iPhones, iPads and other products. In a report issued Wednesday, a group of nongovernmental organizations accused the technology giant of violating its own corporate responsibility standards by using suppliers it said its investigations found are violating the law and endangering public health by discharging heavy metals and other toxins.

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BMW Recalls SUVs

September 1, 2011 5:33 am | News | Comments

WASHINGTON (AP) — BMW of North America is recalling up to 2,120 of its X5 xDrive 35d sport utility vehicles because its fuel-filter heater could overload and possibly cause a fire. The National Highway Transportation Safety Administration says the model year 2009 vehicles were made between Oct.

Saab Owner Posts $220M Loss In Q2

September 1, 2011 5:32 am | by Malin Rising, Associated Press | News | Comments

STOCKHOLM (AP) — Saab owner Swedish Automobile NV says its losses widened further in the second quarter and that it still hasn't secured the funding needed to keep the ailing car brand afloat. Swedish Automobile — previously known as Spyker — on Wednesday reported a second-quarter loss of €152 million (nearly $220 million) compared with a loss of €60 million in the same period last year.

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Texas Facility To Expand, Add 114 Jobs

August 31, 2011 9:10 am | News | Comments

NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Haslam said a company that makes fuel systems for automotive and other manufacturers is investing $5 million in its Gallatin plant to expand and add 114 new jobs. The Tennessee Economic and Community Development Commission said in a news release Tuesday that ABC Group Fuel Systems is investing $5 million in the plant expansion, and the added jobs will be a combination of full-time production and maintenance positions.

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Hitachi To Open Third KY Plant

August 31, 2011 9:08 am | News | Comments

BEREA, Ky. (AP) — Hitachi Automotive Systems Americas Inc. is opening its third plant in Kentucky. The new plant, to be located in Berea in central Kentucky, will make electric drive motors for hybrid and electric vehicles, including the Chevy Volt. The company is investing $74.5 million in the facility, which will create 130 new jobs.

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Early Toyota Model To Go On Display

August 31, 2011 9:01 am | News | Comments

TUPELO, Miss. (AP) — One of Toyota's first models sold in the United States should soon be on display at the Tupelo Automobile Museum. WTVA-TV (http://bit.ly/p7OUGu ) reports the museum is restoring a dark blue Toyopet Crown Deluxe. The Toyopet was first sold in the United States in 1958 for $2,300.

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Man Dies After Fall At Denim Plant

August 31, 2011 9:00 am | News | Comments

LIBERTY, S.C. (AP) — A 41-year-old man has died after falling into a machine while he was working at the Liberty Denim plant. Pickens County Coroner Kandy Kelly says the accident happened around 3:15 a.m. Wednesday. Kelly says the man's name has not been released. An autopsy will be performed.

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Government Sues To Block AT&T, T-Mobile Merger

August 31, 2011 8:59 am | by Joelle Tessler, Pete Yost, Associated Press | News | Comments

WASHINGTON (AP) — The Justice Department filed suit Wednesday to block AT&T's $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers. The government contends that the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and that would lead to price increases.

U.S. Factory Orders Up In July

August 31, 2011 8:56 am | by Martin Crutsinger, AP Economics Writer | News | Comments

WASHINGTON (AP) — U.S. factory orders rose strongly in July on the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders. The increase suggests supply chain disruptions created by the Japan crisis are easing. Factory orders climbed 2.

Super-Conductor Graphene Set For Production

August 31, 2011 7:00 am | Videos | Comments

Polish scientists have industrialized the production of graphene, the revolutionary new material set to replace silicon in electronics. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department. Have any comments or questions about our video editions of IMPO? Or do you have a video you'd like to see featured in one of our deployments? Email me at Rachel.

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A New, Renewable Japan?

August 31, 2011 6:32 am | Videos | Comments

A look at how Japan’s nuclear energy crisis has led to an increased interest in alternative energy sources. The people of Japan are now looking for new options — but for a country that has previously had such a high dependence on nuclear power, an energy shift may be easier said than done.

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The Cadillac Goes Hybrid

August 31, 2011 6:32 am | Videos | Comments

General Motors confirmed that it plans to build a luxury version of its Chevrolet Volt hybrid. The company said it is moving forward with the Cadillac ELR, which will run on electricity and carry a four-cylinder gasoline engine to generate power when the batteries run out of juice. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.

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