TEWKSBURY, Mass. (AP) — Defense contractor Raytheon Co. said Wednesday it received a $32.2 million contract from the U.S. Navy to design and develop a GPS-based system that coordinates a variety of systems on Navy ships. The program will support real-time positioning, navigation, and timing data services, including weapons, combat systems, and other command, control, communications and intelligence systems, Raytheon said.
CNN's Debera Feyerick reports on a new technology being used by some law enforcement to ID people by their eyes. The iris scan is can be used much like a fingerprint, but reads 235 specific identifying marks in each eye. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Nissan beats analysts' expectations by posting an operating profit of $2 billion for the April-June quarter and outlines aggressive China expansion plans to stay ahead of rivals. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
The debt debate may have hurt the U.S. global reputation, but analysts say America's standing is safe until something better comes along. 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.
A Texas man has invented a machine that can make drinkable water out of air. The "drought master" can make five to seven gallons of pure water in a day. Making a gallon only costs four cents in electrical charges and building one only takes two hours. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Robotic seals help elderly tsunami victims in Japan recover from mental and emotional scars. Two seals were donated to the home by their Japanese manufacturer and normally cost around $155 US per month to lease. Residents say the seals help them feel safe and are good substitutes for live animals. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
SINGAPORE (AP) — Singapore Airlines Ltd. says it has ordered eight Boeing jets for $2.3 billion to help bolster expansion plans. The carrier said in a statement Wednesday that the eight Boeing 777-300ERs are scheduled to be delivered in its 2013-2014 financial year and will be operated on medium- and long-haul routes.
GROTON, Conn. (AP) — The U.S. Navy's primary contractor for submarines says it will lay off 65 workers in October. Spokesman Robert Hamilton said Tuesday the Groton (GRAH'-tun), Conn.-based Electric Boat company regularly reviews its workforce requirements. He says it informed workers Monday.
WASHINGTON (AP) — Wholesale companies added more autos, machinery and computers to their stockpiles in June, pushing inventories up for the 18th consecutive month. Sales at the wholesale level rose 0.6 percent in June, the Commerce department said Wednesday. That followed a 0.3 percent drop in May.
BEIJING (AP) — China's auto sales rose 6.7 percent in July but growth was well below the double-digit surge of the past two years, an industry group said Wednesday. Some 1.01 million passenger cars were bought in July in the world's biggest auto market by vehicle sales, according to the government-authorized China Association of Automobile Manufacturers.
BEIJING (AP) — China's first aircraft carrier swept through fog-shrouded waters Wednesday to open sea trials that underscore concerns about the country's growing military strength and its increasingly assertive claims over disputed territory. The mission by the refurbished former Soviet carrier marks a first step in readying the craft for full deployment.
DETROIT (AP) — The top executive at General Motors Co. is having doubts about whether U.S. auto sales will recover this year as expected, even as the stock market rebounded a bit Tuesday from its huge losses. Speaking to industry analysts about GM's long-term financial plans Tuesday, GM Chairman and CEO Dan Akerson said the company is sticking with its U.
Old pallets, broken crates, and scrap lumber have a way of accumulating. Manufacturing and distribution facilities in particular have found wood waste disposal to be a costly, labor intensive problem. “We used to have some issues with extra wood in our facility,” says Thomas Zelahy, Facilities Manager of the Alstom Grid plant in Charleroi, PA.
A distributor uses CMMS to track repair history, mileage, and idle time of its delivery fleet What would you do if you had to manage maintenance for all the accumulating assets of an industry giant that thrived on acquisitions? That question befell the fixed asset management team and Jane Sears, fixed asset manager for the Commercial Fuels Division of Parkland Fuel Corporation, Canada’s largest independent distributor of fuel products.
Project timelines are being shortened and communication is improving Smart grid technology is being newly incorporated in all kinds of products and devices. Various software and integration methods are coming into play whereby new products can be brought to market faster and more cohesively to work with smart grid infrastructures.
NEWARK, N.J. (AP) — Federal authorities in New Jersey have charged a citizen of the Netherlands with conspiring to ship aircraft parts and other items from the United States to Iran in violation of U.S. law. Fifty-year-old Ulrich Davis was arrested Saturday at Newark Liberty International Airport.
WALTHAM, Mass. (AP) — Scientific instrument maker Thermo Fisher Scientific Inc. said Tuesday that it will offer senior notes to help fund its $3.5 billion acquisition of the privately held Swedish company Phadia, which makes blood test systems for allergy and auto-immune diseases. Thermo Fisher, based in Waltham, Mass.
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.