WASHINGTON (AP) — A new White House report says last year's $862 billion stimulus law has now "saved or created" between 2.5 million and 3.6 million jobs. That's up from 2.2 million to 2.8 million in the last quarterly report from the White House Council of Economic Advisers. Christina Romer, head of the council, says in congressional testimony prepared for Wednesday that every $1 from the stimulus bill is matched by $3 in private money.
DETROIT (AP) — The Ford Edge Sport is getting sportier with a new engine swiped from the Ford Mustang. Ford Motor Co. said Wednesday that the 2011 Ford Edge Sport — the high-performance version of the Edge, which is one of the country's top-selling mid-size crossovers — will have the same engine as the Mustang sports car.
NEW YORK (AP) — The Department of Transportation has analyzed dozens of black boxes in Toyota vehicles involved in accidents blamed on unintended acceleration, finding the throttles were open and the brakes were not engaged, the Wall Street Journal reported Tuesday. That suggests that drivers of the speeding cars were stepping on the accelerator rather than hitting the brakes.
DETROIT (AP) — To improve gas mileage, automakers are tweaking cars and trucks between model years, especially in the cost-conscious and popular market for midsize sedans. Honda Motor Co. recently announced changes in its Accord sedan that boosted highway mileage by almost 10 percent from the 2010 to 2011 model years.
DETROIT (AP) — General Motors Co. will guarantee the battery in the Chevrolet Volt electric car for a longer period than its conventional car warranties, according to a person briefed on the plans. GM guarantees conventional car engines and transmissions for five years or 100,000 miles, but will guarantee the Volt battery for longer, the person said, who did not want to be identified because an announcement was scheduled Wednesday afternoon at the company's battery pack assembly plant south of Detroit.
WICHITA, Kan. (AP) — Authorities say five men were taken to hospitals after being burned at an asphalt plant in Wichita. KFDI reports two of the men were flown to a hospital with critical burns following the accident Tuesday afternoon at Shilling Construction Co. The other three were taken to hospitals by ambulance.
ALBUQUERQUE, N.M. (AP) — A gunman storming through his former workplace fired without provocation or warning at his first victim, then moved on in a spree that left three dead and four injured, police said Tuesday. A day after the shooting that ended with Robert Reza turning the gun on himself, Chief Ray Schultz detailed the 37-year-old's rampage at solar manufacturer Emcore Corp.
Prices of products made in China are rising. In the short term, this is bad news for consumers and businesses that buy products made in China (read: everyone). As a result, a lot of people in the manufacturing world are asking, "Where's the 'Next China?'" The answer to this question is vitally important, but not particularly uplifting.
I wasn’t familiar with the term “jump the shark” until just a few years ago. For those of you not “in the know,” jumping the shark is when something hits a point past its prime culturally, and anyone with a hipster bone in their body becomes collectively “over it.
Are your condition monitoring technologies deployed and integrated in the most efficient way? Have they succeeded in improving machine availability and reducing recurring equipment failures? If your answer is not a resounding "yes," then it might be time to review your condition-monitoring strategy.
The Manual Safety-Chock from Serco (Carrollton, TX) provides loading docks with a versatile wheel restraint solution, capable of engaging and restraining the wide range of trailers that come to the dock, including trucks with lift gates, damaged rear impact guards, or different axle configurations.
The Parker Hannifin Corporation (Columbus, OH) has introduced a new line of SAE aluminum tube fittings that are approximately 65 percent lighter than equivalent steel and stainless steel fittings, according to the company. The aluminum fittings can reduce the costs of converting a system from steel or stainless steel because no component redesign is necessary.
The Proofer Storage Stand from the Paul N. Gardner Co., Inc. (Pompano Beach, FL) safety stores six proofer rollers and the proofer assembly. The rollers are suspended by their journals to protect the engraved surface area, and rollers with wide or narrow hubs can also be stored.
Eriez (Erie, PA) has released the Metalarm MA3600 Metal Detector, which is available in two models: the Hawk and the Eagle. Both have pulse induction technology, with balanced coil detection sensitivity and performance. They are microprocessor-based with self diagnostics and fault indication, which allow for a varied operating frequency to better suit different applications and sensitivities.
ELKHART, Ind. (AP) — Officials of a northern Indiana city have asked that the "For Lease" sign be taken down from the property where a company announced six months ago that it planned to start making electric cars. Norwegian-based Think Global says it remains committed to opening a factory in Elkhart, although it's still waiting on a decision about a federal loan it has sought.
ST. PAUL, Minn. (AP) — The case of Koua Fong Lee, a Toyota driver imprisoned for a crash that killed three people, has spurred a grass roots movement among people who believe the St. Paul man is innocent. More than 5,500 people have signed up for a "Free Koua Fong Lee" page on Facebook, created by a Los Angeles man.
EDEN PRAIRIE, Minn. (AP) — Tyco Electronics Ltd. says it's acquiring ADC Communications in a deal valued at $1.24 billion. Switzerland-based Tyco, which was spun off from Tyco International, says it will pay $12.75 per share in cash for the networking equipment maker. Shares of ADC, based in Eden Prairie, Minn.
SAN FRANCISCO (AP) — Advanced Micro Devices Inc., the world's No. 2 maker of computer microprocessors, is scheduled to report its second-quarter results Thursday after the market closes. WHAT TO WATCH FOR: Many investors are worried about the strength of the personal computer market with economic troubles in Europe and concerns about slowing demand in China.
RAVENSWOOD, W.Va. (AP) — Union workers called off a planned strike at the Alcan Rolled Products aluminum rolling mill in Ravenswood on Monday. Some 700 members of the United Steelworkers had been scheduled to walk off the job Tuesday. But Local 5668 rescinded its strike notice in response to an offer Sunday by Alcan to continue talking, representative Randy Moore said.
WASHINGTON (AP) — The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing. The trade deficit increased 4.8 percent to $42.3 billion, the largest imbalance since November 2008, the Commerce Department reported Tuesday.