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.
PITTSBURGH, July 11, 2011 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today said it was very disappointed to learn that Goodyear Tire issued a WARN notice to its members at Local 878L, informing them that their services would no longer be needed at the Union City, Tenn. facility scheduled for shutdown.
NEW YORK (AP) — Industrial metals fell Monday on fears that a growing debt crisis in Europe and weak job growth in the United states would dampen demand at the world's factories. Copper for September delivery fell 4.4 cents to settle at $4.368 a pound, October platinum dropped $5.
Yuri Kageyama, AP Business Writer YOKOHAMA, Japan (AP) — Japanese automaker Nissan is testing a super-green way to recharge its Leaf electric vehicle using solar power, part of a broader drive to improve electricity storage systems. Nissan's Leaf went on sale late last year, but the automaker is looking ahead to about five years time when aging Leaf vehicles may offer alternative business opportunities in using their lithium-ion batteries as a storage place for electricity.
LIVONIA, Mich. (AP) — TRW Automotive Holdings Corp. said Monday that some of its occupant safety systems business unit locations in Germany were visited by European authorities last month as part of an ongoing antitrust investigation. TRW, which makes brake, steering and safety systems, said it also received a related subpoena from the U.
PLYMOUTH, Minn. (AP) — Fertilizer manufacturer Mosaic Co. said Monday that it expects to incur $200 million in pretax expenses in fiscal 2012 due to a Florida court injunction that prevents mining activity in a Central Florida region where one of its mines is located. The news sent shares of Mosaic down $3.
Eva Vergara, AP SANTIAGO, Chile (AP) — The world's largest copper producer is shut down in a 24-hour strike that has the potential to cause severe losses for Chile's state mining company. Codelco says it could lose $41 million from today's strike, which comes on the 40th anniversary of Chile's decision to nationalize its mining industry.
LANCASTER, OH - U.S. Sen. Sherrod Brown (D-OH) visited Anchor Hocking in Lancaster today, where he toured the facility and met with workers to discuss manufacturing and the need for strong trade enforcement against countries like China that provide unfair subsidies to its glass producers. Headquartered in Lancaster since its inception in 1905, Anchor Hocking employs more than 1,500 Ohioans and is a leading manufacturer of Made-in- the-USA glass tableware and bakeware.