BLUFFTON, Ind. (AP) — Franklin Electric Co. Inc. said it plans to close an Oklahoma City factory and move the equivalent of 125 jobs, primarily to a facility in Linares, Mexico. Franklin Electric, which makes systems and components used to move water and automotive fuels, said it will move some of the 260,000 annual man-hours of work to another Oklahoma City facility.
Industrial Production Forecast to Grow 6 Percent in 2011, 4 Percent in 2012 Arlington, VA. — A host of factors, ranging from the tsunami in Japan to higher oil prices, have conspired to weaken the outlook for the overall U.S. economy, yet the manufacturing sector continues to forge ahead, according to the Manufacturers Alliance/MAPI U.
PITTSBURGH (AP) — The former CEO of a defunct Pennsylvania soft drink company pleaded guilty to tax evasion, mail fraud and money laundering for using two sets of books to obtain $875 million in credit for the company. Federal prosecutors in Pittsburgh say the scheme orchestrated by 51-year-old Gregory Podlucky, of Ligonier, resulted in $628 million in losses to various lenders and equipment companies that did business with Latrobe-based Le-Nature's Inc.
WASHINGTON (AP) — LightSquared, a Virginia-based company that plans to build a nationwide wireless broadband network, is proposing to adapt its network so as not to interfere with GPS systems. The company plans to move some of its operations to a different slice of airwaves and to transmit signals at lower power levels to ensure that its network would not interfere with GPS systems that rely on nearby wireless spectrum.
RICHMOND, Va. (AP) — Exports of goods and services in Virginia are growing and having a large impact on the state's economy. Virginia exports increased 8 percent in 2010 to $29 billion, ranking it as the 22nd-largest exporting state in the U.S., according to recent data from the Virginia Economic Development Partnership's international trade office.
LE BOURGET, France (AP) — Boeing Co. announced more than $11 billion worth of orders and commitments for 56 jets on Monday as the Paris Air Show, the industry's main event of the year, got under way. The Chicago-based aerospace and defense giant opened a day of one-upmanship with traditional rival Airbus by announcing Qatar Airways had ordered six 777 jets in a $1.
PEORIA, Ill. (AP) — The world's largest maker of construction and mining equipment, Caterpillar Inc., reported another strong month of global sales growth in May when sales improved 52 percent over last year. Still, the results were slightly weaker than the recent months. The company provided an update on its sales Monday in documents filed with the Securities and Exchange Commission.
WASHINGTON (AP) — U.S. food and drug regulators would share more information with their foreign counterparts as part of a multifaceted strategy to police the safety of millions of imported goods. A Food and Drug Administration report issued Monday lays out a long-term plan to deal with the flood of imports to the U.
CBS News national correspondent Ben Tracy reports on how consumers are reacting to the numerous elecric car choices that are current on, or coming soon, to the markeplace. It turns out that 57 percent of Americans won't seriously consider an EV purchase, mostly because of the short ranges. The hope is that with more early adopters, the technology will finally get pushed forward, despite similar surges in both 1890 and 1990.
Robinson Rubber Products (Minneapolis, MN) has developed several new ways to bond molded rubber components to parts, which can eliminate secondary operations and extra components, plus reduce weight and costs. The company can use 20 engineering-grade polymers and 1,500 unique formulations to develop a custom formula for a user’s need.
E Instruments International (Langhorne, PA) has developed the AMI300 indoor air quality monitor for any AIQ application. According to the company, the tool can provide information on CO, CO2, temperature, humidity, air flow and velocity, and more. There are also a number of wireless probes available.
Appleton Electric (Rosemont, IL), an Emerson Industrial Automation brand, is now offering the Appleton 20 Amp 125 Vac portable U-Line receptacle and GFCI for use in Class I, Division 1 and 2 Hazardous Locations. According to the company, it offers open neutral protection to safeguard plant personnel against the risk of electrical shock, while also protecting the connected apparatus against damage from short circuits and current overload.
OMEGA Engineering (Stamford, CT) has developed the PXM309 Metric series pressure transducer with a static accuracy of 0.25 percent and a 1 percent total error band (TEB) over a range of -20 to 85°C. All units are supplied with a 5-point NIST traceable calibration certificate. Additional features include: An all-stainless steel construction and solid state internals, which make the PXM309 ideal for most industrial applications.
GORHAM, N.H. (AP) — A cheaper source of fuel, a dedicated sales team and workforce, and an investment in a tissue machine will help the last paper mill in New Hampshire's North Country succeed, state and mill industry representatives say. The changes come to the mill in Gorham as the papermaking industry fights growing competition from overseas plants in recent years.
CAMDEN, N.J. (AP) — A blaze erupted at a vacant chemical plant just before sunrise Sunday in one of the country's poorest cities, causing the building to partially collapse and forcing firefighters to evacuate nearby homes. The fire at Concord Chemical Inc. in Camden, across the Delaware River from Philadelphia, comes more than a week after fires at an abandoned tire factory and a downtown warehouse.
Qatar Airways orders Boeing planes in $1.7B deal LE BOURGET, France (AP) — Boeing Co. announced the first big-ticket order in its rivalry with Airbus at the start of the Paris Air Show on Monday, saying Qatar Airways has ordered six 777 jets in a $1.7 billion deal. The upstart, fast-growing Gulf carrier is buying extended versions of the long-range jet, the 777-300, Qatar Airways CEO Akbar al-Baker said during a news conference alongside Boeing's commercial aircraft chief.
WEAVERTOWN, Pa. (AP) — For nearly 120 years, Lebanon bologna has been made at a small plant in a tiny village just north of Lebanon. Located along Weavertown Road in North Lebanon Township, the plant was originally built in 1893 by Daniel Weaver, who began making Weaver's Lebanon Bologna in 1885.
NEW YORK (AP) — General Electric Corp. said Monday that it agreed on tentative labor deals with two of its biggest unions after a month of talks. The conglomerate's agreements with IUE-CWA and the United Electrical, Radio and Machine Workers of America are subject to review by union negotiating committees and ratification by union members by June 30.
PITTSBURGH (AP) — The former chief executive of a defunct western Pennsylvania soft-drink maker is scheduled to change his not guilty plea to charges that he perpetrated an $806 million bank fraud then allegedly sold or tried to sell millions of dollars' worth of gold, jewels and other valuables he's accused of buying with money stolen from the company.
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