Dee-Ann Durbin, Tom Krisher, AP Auto Writers DETROIT (AP) — Two people briefed on the matter say the North American arm of Russia's largest steel company is getting a $730 million loan from the U.S. government. They say Severstal plans to modernize a plant in Dearborn, Mich.
Stephen Ohlemacher, Associated Press WASHINGTON (AP) — President Barack Obama aims at corporate fat cats when he calls for a tax increase on companies that own private jets. But he hits an American manufacturing industry that is just starting to show life after years of slumping sales and thousands of job losses.
GREENVILLE, S.C. (AP) — The chair of President Barack Obama's jobs and competitiveness council is touring his company's gas turbine plant in Greenville to focus on manufacturing in America. General Electric Co. Chairman and CEO Jeffry Immelt is scheduled to meet Wednesday with employees and touring GE's manufacturing and engineering complex.
Stop wasting money on expensive training courses for managers — send the entire team instead! This produces better results, says Johan Bertlett, who recently defended a PhD thesis in psychology at Lund University, Sweden. A good working climate is not only a requirement for job satisfaction.
CARTERSVILLE, Ga. (AP) — Gov. Nathan Deal announced an agreement aimed at allowing Toyo Tire to continue expanding its operations in Bartow County, northwest of Atlanta. Deal said the agreement will expand Bartow County's bonding capacity an additional $910 million. Deal said that will enable Toyo to expand its current facility in Bartow County, adding up to 470 new jobs over the next few years.
TOPEKA, Kan. (AP) — A Topeka economic development board has signed off on a package of incentives for construction of a new Mars Chocolate North America factory south of the city. The Topeka Capital-Journal reports that the Joint Economic Development Organization on Monday unanimously approved the $9.
CARY, N.C. (AP) — A privately-owned company that makes products that control vibration, motion and noise will build up its headquarters near Raleigh over several years and get state help with the expansion, Gov. Beverly Perdue's office said Tuesday. Lord Corp. could pocket up to $1.
STAMFORD, Conn. (AP) — Industrial manufacturer Crane Co. said Tuesday it bought WT Armatur GmbH & Co. for about $38 million. The German company makes bellows sealed globe valves, along with specialty valves, for chemical, fertilizer and thermal oil applications, Crane said. WT Armatur employs 95 people and posted 2010 sales of about $21 million, Crane said.
Matthew Lee, Associated Press WASHINGTON (AP) — American diplomacy abroad is critical to creating jobs and improving economic conditions at home, Secretary of State Hillary Rodham Clinton said Tuesday, urging Congress not to slash the Obama administration's foreign policy budget.
Christopher S. Rugaber, AP Economics Writer WASHINGTON (AP) — The number of U.S. job postings didn't increase in May, a sign that hiring is unlikely to pick up this summer. Employers advertised nearly 3 million job openings, the Labor Department said. That is the same amount as in April and down from 3.
May U.S. manufacturing technology orders totaled $388.27 million according to AMTDA, the American Machine Tool Distributors’ Association and AMT, the Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 2.6 percent from April but up 121.
U.S. researchers have developed a new technology they say will make air travel safer. Scientists at Rensselear Polytechnic Institute are making microscopic nanotubes that can detect and repair fuselage cracks as they occur. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Reliability Center Inc. (Hopewell, VA) has released PROACTOnDemand, a software-as-a-service version of its PROACT RCA Software application. PROACTOnDemand is designed to identify an organization’s most significant annual losses and then supplies the knowledge and tools to identify all the causes of any undesirable event.
LEVALIGN EXPERT from Ludeca Inc. (Doral, FL) is a flatness and leveling measuring system with an automatic rotating laser. The LEVALIGN EXPERT provides an accurate and easy to use method for the measurement of flatness and straightness of machine bases and foundations, split machine casings, and flatness and parallelism of circular, rectangular, and odd-shaped flanges.
MovinCool (Long Beach, CA) announces its new CMW30 water-cooled, ceiling-mount air conditioner. The CMW30 is designed for server rooms and other applications with dense heat loads, and where other models cannot be used due to space constraints. The unit’s cooling capacity is rated at 29,400 Btu/h and 22,000 Btu/h for computer rooms.
FilterSense ’s (Beverly, MA) Liquid Mist Flow Monitors are used to monitor the outlet of all types of mist eliminators for mist carryover and mist filter failure detection. The monitors employ an induction-sensing principle and a probe to ensure high reliability even in harsh environments such as acid mist, oil mist, or water droplets in high pressure pipes.
MEMPHIS, Tenn. (AP) -- International Paper Co. said Monday it has launched an unsolicited tender offer for smaller rival Temple-Inland Inc. for about $3.3 billion. The offer, at $30.60 per share in cash, is effective Tuesday and ends Aug. 9. It is a 46 percent premium to Temple-Inland's closing price on June 6, the day Temple-Inland rejected International Paper's initial offer at the same price.
NEW YORK (AP) -- Alcoa Inc.'s second-quarter earnings rose as improvement in the manufacturing sector brought higher sales and prices that offset rising raw material costs. The aluminum manufacturing giant reported double-digit increases in sales to the packaging, commercial transportation, and building and construction industries.
WASHINGTON (AP) -- The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven upward by a big increase in oil imports. The Commerce Department said Tuesday that the deficit increased 15.1 percent to $50.2 billion in May. That's the largest imbalance since October 2008.
WATSEKA, Ill (AP) — An Illinois metal products company has been cited with safety violations after two workers suffered amputation injuries at the firm's Watseka metal stamping facility. T&D Metal Products was cited by the U.S. Department of Labor's Occupational Safety and Health Administration.