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Daily industrial news and top headlines for plant and maintenance managers

Making A Sport Out Of CEO Pay

May 25, 2011 12:09 pm | by by Mike Schmidt, Associate Editor, Manufacturing Business Technology | Blogs | Comments

I’ve been a die-hard sports fan all my life. As I’ve grown and matured over the years, my highly-emotional, rabid fandom has evolved into something more statistically-oriented and analytical in nature. But that also means I have less and less tolerance for coaches and executives who don’t look at sports the same way.

As Hiring Returns, Will Efficiency Be Lost?

May 25, 2011 10:30 am | by Matthew Marciniak, Director of Strategy and Business Development, Celerant Consulting | Articles | Comments

Recent economic news might be the first signs of light at the end of this three year tunnel for the manufacturing industry, as positive momentum is gathering around jobs data. Certainly a welcome indicator as the sector still struggles under the weight of a recession that saw manufacturing profits after tax collapse to the tune of 40 percent from 2007 to 2008, according to the US Census Bureau.

Tesla Hopes To Raise $214M For Electric Crossover

May 25, 2011 9:42 am | News | Comments

PALO ALTO, California (AP) — Electric car maker Tesla Motors Inc. says it plans to raise up to $214.3 million by selling common stock. A portion of the proceeds will be used to develop a crossover vehicle. Tesla plans to sell 5.3 million shares to the public, and up to 795,000 more to the underwriter, at $26 each, according to a regulatory filing.

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Open Valves Caused Middleton Plant Explosion

May 25, 2011 9:23 am | News | Comments

MIDDLETON, Mass. (AP) — An internal investigation has determined that an explosion at a Middleton chemical plant that sent four workers to the hospital was caused when two valves were left open, allowing a building to fill with flammable vapors that were ignited by an internal ignition source.

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Spacewalk Maintenance Delayed By Soap In Eye

May 25, 2011 9:16 am | by Marcia Dunn, AP Aerospace Writer | News | Comments

CAPE CANAVERAL, Fla. (AP) — A spacewalking astronaut got soap in his eye and almost had to retreat into the safety of the International Space Station on Wednesday. Andrew Feustel said it stung "like crazy." But several minutes later, he said he was feeling better and the third spacewalk of shuttle Endeavour's final voyage continued as planned for about seven hours.

Google Throws $55 Million To The Wind

May 25, 2011 9:11 am | News | Comments

MOUNTAIN VIEW, Calif. (AP) — Google Inc. is throwing another $55 million to the wind. The Mountain View, Calif.-based Internet search giant is partnering with Citigroup Inc. to help finance the Alta Wind Energy Center wind farm in California's Tehachapi Mountains. Google has been investing hundreds of millions in wind energy as it seeks reliable new ways to power its massive server farms, or data centers, which are notorious power hogs.

Organic-Lovers Start Demanding DNA-Traceable Meats

May 25, 2011 9:05 am | by Michael Felberbaum, AP Business Writer | News | Comments

RICHMOND, Va. (AP) — First came organic, then free-range, then local. Now discerning diners with a penchant for spending a premium to know where food comes from are pushing DNA-traceable meat onto restaurant menus. The technology — which allows meat to be traced from the farm to the fridge — has been used in Europe and other countries for decades, but has been slow to catch on in America.

Whistleblowers Get Financial Incentives From SEC

May 25, 2011 8:54 am | by Marcy Gordon, AP Business Writer | News | Comments

WASHINGTON (AP) — Whistleblowers who report corporate fraud or other misconduct to the government could receive sizable cash awards under new rules adopted Wednesday by federal regulators. Tipsters would be eligible if they give the Securities and Exchange Commission information that leads to an enforcement action resulting in more than $1 million in penalties.

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Want A Personal Submarine?

May 25, 2011 7:46 am | Videos | Comments

Thought expensive cars and multi-million dollar mansions were enough for the super-rich? That’s ridiculous. Private submarines are the new rage, and cost a pretty $80 million. For that price, you’re looking at jacuzzis, world-class kitchens, and gyms, all from the comfort of below the sea.

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Rolls-Royce CEO Talks Failures, The Asia Issue

May 25, 2011 7:36 am | Videos | Comments

Rolls-Royce CEO Torsten Mueller-Oetvoes shares his secrets of success and his biggest mistakes. In 2009, in the midst of the global recession, the company's sales plummeted by 17 percent. However, Rolls-Royce quickly rebounded to post a record year in 2010. What's behind the success of one of the world's most renowned luxury automakers? 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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How To Manage People Born After 1992

May 25, 2011 7:34 am | Videos | Comments

One way of dealing with the current skilled worker shortage would be hiring more young people, but that, of course, comes with its own set of unique challenges. The so-called “millenials,” people born after 1992, are extraordinarily good at multi-tasking and dealing with computers, but are quicker to jump ship, and don’t view work as the most important part of their life.

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Boeing 'Tricks' Fliers Into Happiness

May 25, 2011 7:32 am | Videos | Comments

Boeing has been hard at work revamping their aerospace offerings with new models and better technology, but travelers have long complained about the interiors. Fortunately, the company is developing its new “Sky” interior, which will become standard in new 737s. While the fuselage is the same size, the company uses a number of visual tricks to make the interior seem larger and more comforting.

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Shooting The 40mm Machine Gun

May 25, 2011 7:30 am | Videos | Comments

YouTube user FPSRussia is well-known for shooting off a wide range of dangerous and unique weapons, but this one probably takes the cake. The Russian accent-sporting firearms enthusiast takes on a WW2-era 40mm machine gun, which fires rounds about the same length as a man's forearm. 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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Americans Guzzle More Coffee Despite Bubbling Prices

May 25, 2011 4:43 am | by Christina Rexrode, AP Business Writers | News | Comments

NEW YORK (AP) — People are paying more to fuel up these days — on coffee. Coffee price increases have outpaced even the hike in gasoline prices the past year. A one-pound can of ground coffee sold for $5.10 in April, up 40 percent from $3.64 the year before, according to the Department of Labor.

U.S. Industrial Orders Fell 3.8 Percent In April

May 25, 2011 4:32 am | by Martin Crutsinger, AP Economics Writer | News | Comments

WASHINGTON (AP) — U.S. businesses cut back on their orders for heavy machinery, computers, autos and airplanes in April, reducing demand for long-lasting manufactured goods by the largest amount in six months. Orders for durable goods fell 3.8 percent and a key category that serves as a proxy for business investment was down 2.

MGA, Mattel Battle In Court Over 'Bratz' Trade Secrets

May 25, 2011 4:29 am | by Gillian Flaccus, Associated Press | News | Comments

SANTA ANA, California (AP) — Attorneys from toy maker MGA Entertainment Inc. will try to persuade a federal judge Wednesday to award the company $177 million in punitive damages and more than $162 million in attorney fees and other costs after a jury found rival Mattel Inc. liable for misappropriation of trade secret in a closely watched trial.

Colt Defense Battles Competitors For Slim Rifle Contracts

May 25, 2011 4:25 am | by Richard Lardner, Associated Press | News | Comments

WASHINGTON (AP) — For nearly a decade, Colt Defense went without a lobbyist. The legendary gun maker based in West Hartford, Conn., had an exclusive deal to provide combat rifles to the U.S. military and didn't need a hired gun looking out for the company's interests in Washington. Times have changed.

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China Urges Safety After Deadly iPad Plant Explosion

May 25, 2011 4:20 am | by Joe McDonald, AP Business Writer | News | Comments

BEIJING (AP) — Beijing urged Foxconn Technology Group and other Taiwanese companies on Wednesday to ensure safety in their mainland China factories after a fatal blast at a facility that makes Apple iPads. Last Friday's explosion at the facility owned by Foxconn, Apple's main manufacturing contractor, killed three employees.

GM To Add 2,500 Jobs At Detroit-Area Volt Plant

May 25, 2011 4:18 am | News | Comments

DETROIT (AP) — General Motors says it will add 2,500 jobs at a Detroit-area plant that now makes the Chevrolet Volt electric car. The company plans to invest $69 million in the Detroit-Hamtramck factory and add two shifts of workers so theplant can make the new Chevrolet Malibu midsize car and the Impala large sedan.

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The Brainstorm: Safety At The Loading Dock

May 24, 2011 10:43 am | Articles | Comments

Slippery floors are one of the major hazards at loading docks. According to the Bureau of Labor Statistics, slips and falls cause 15 percent of all lost-time accidents, with a disproportionately high number of these occurring at the loading dock. Considering their environment with the constant wash downs making floors wet and slick, food processing docks are particularly hazardous.

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