TOLEDO, Ohio (AP) — President Barack Obama says the U.S. economy is still facing challenges and it is going to take more time to mend the wounds inflicted by the recession. Obama spoke at a Chrysler plant in Ohio against the backdrop of a dismal jobs report released Friday that shows the unemployment rate ticked up to 9.
Chrysler CEO Sergio Marchionne sat down with CNN Money to talk about the automaker’s exit from dealings with the U.S. government, now that Fiat bought the last stake from the U.S. Treasury on Friday. As it stands, the government lost some $1.2 billion on the $12 billion loan, but Marchionne says it was a “phenomonal” deal for U.
Tregaskiss (Windsor, Ontario, Canada) has announced that its QUICK LOAD Liners will now be standard on TOUGH GUN and TGX Semi-Automatic MIG Guns as of July 2011. The QUICK LOAD liners are installed from the front end of the MIG gun, and because there is no need to cut the welding wire, there is less unnecessary downtime and cost.
The TankJet 190D motor-driven tank cleaner from Spraying Systems Co. (Wheaton, IL) provides 180° downward coverage when removing sticky residues/skim line and heavy sludge from the bottom and shadow areas of tanks. The system operates at pressures of up to 1,000 psi and uses high-impact solid stream nozzles to clean tanks up to 34’ in diameter.
Omega Engineering (Stamford, CT) is now offering the HE359 series universal remote I/O module. It connects via 2-wire RS485 Modbus RTU to any PLC, allowing a total of 31 I/O modules to be daisy-chained on a single RS485 link. Available I/O modules include digital in, relay out, analog in, analog out, RTD, and thermocouple.
Milwaukee Electric Tool Corporation (Milwaukee, WI) has launched the new 14” Abrasive Cut-Off Machine, with a 15 Amp, 4 horsepower motor. The tool offers a 5” max cut capacity to handle materials such as bundled drywall track, angle iron, conduit, pipe, channels, tubing, and rebar.
In the previous column in this series I talked about the importance of educating youngsters about advanced 3D digital technologies. Getting them hands-on with these technologies at the earliest opportunity within their school careers to draw larger numbers of students and graduates into the engineering sector because it is an advanced and exciting place to work; plus it pays well.
COLUMBIA, S.C. (AP) — Three employees at Boeing Co.'s plant in North Charleston, S.C. want roles in a lawsuit filed by the National Labor Relations Board, claiming they are sure to lose their jobs if the federal agency is successful and work on the 787 passenger jet returns to Washington state.
WASHINGTON (AP) — The nasty form of E. coli hitting Europe points out gaps in the U.S. food safety system that raise concern that similar outbreaks might happen here. It's impossible to test for every illness-causing form of E. coli, even the kinds we already know about. Today, the food industry and health authorities focus mostly on a single strain of the bacteria that until now was considered the most dangerous.
WASHINGTON (AP) — President Barack Obama is drawing attention to the auto industry's rebound, visiting a Chrysler plant in politically important Ohio as he seeks to highlight a rare bright spot in the sluggish economic recovery. Obama was to travel to Toledo on Friday, making the latest in a string of domestic trips to promote his economic agenda and defend the much maligned government bailouts to Chrysler and General Motors.
TOKYO (AP) — Mazda Motor Corp. plans to leave its joint venture with Ford Motor Co. and stop building cars in the U.S., the Nikkei financial daily reported Friday. Mazda and Ford operate the AutoAlliance International plant in Michigan as a 50-50 partnership. Citing unnamed company sources, the Nikkei said Mazda is considering selling its stake to Ford as the Japanese automaker tries to restructure its global production.
WASHINGTON (AP) — American employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent. The Labor Department report offered startling evidence that the U.S. economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt U.
DETROIT (AP) — Chrysler Group LLC, newly profitable and confident in its revamped products, will soon sever its ties with the U.S. government after most — but not all — of the bailout loans it got two years ago are repaid. Italian automaker Fiat SpA agreed late Thursday to buy the U.
NORCROSS, Ga. (AP) — RockTenn Co. will close three corrugated container plants that it picked up in its acquisition of Smurfit-Stone, the packaging manufacturer said Thursday, as it eliminates redundant operations to cut costs The plants in Birmingham, Ala., Jonesboro, Ark., and Santa Fe Springs, Calif.
The Martin Aircraft Company is hoping to be one of the first comanies to develop a jetpack that could be used in a variety of markets, like civil defense and recreation. While the jetpack does fly, they're currently testing the system for safety in emergency situations, hence the video below. I know I can’t be the only one who was hoping for a more dramatic fall-out, considering that only the company’s dummy, Jetson, was on the line.
COLUMBUS, Ohio (AP) — Hal Shimp didn't want a traditional send-off after death. He didn't want a big, somber service, and he certainly didn't want to be buried. When the 91-year-old World War II veteran died in February after a cancer battle, his body tissue was dissolved using heat and lye, turning it into a liquid that could be poured down a drain and a dry bone residue given to relatives, who plan to scatter it when they plant a tree in his honor.
DEARBORN, Mich. (AP) — Ford Motor Co. plans to introduce its smallest engine ever by 2013, part of the race to improve fuel economy across the industry. Ford said Thursday it's working on a one-liter, three-cylinder engine that will be available in small cars globally. Ford didn't say which cars will get the engine, but it plans to release more details this fall.
WASHINGTON (AP) — Fewer people applied for unemployment benefits last week, but applications remain stuck at a level that signals weak job growth. The number of applications for unemployment benefits dropped by 6,000 to a seasonally adjusted 422,000, the Labor Department said Thursday. It was the third drop in four weeks.
GALLATIN, Tenn. (AP) — Two employees have died from injuries received in a fire at a Gallatin factory, bringing the total number of workers killed in accidents at the Hoeganaes Corp. plant this year to four. Meanwhile, investigators said Wednesday evening they have reached no definitive conclusions about the cause of three accidents at the facility this year.
WASHINGTON (AP) — Businesses cut back on their orders for heavy machinery, computers and autos in April, partly because the March earthquake in Japan has made components parts harder to come by. Orders to U.S. factories fell 1.2 percent in April and a measure that signals business investment dropped 2.