RENO, Nev. (AP) — The former chief financial officer for an electronic door lock manufacturer in Sparks has been indicted on federal charges accusing him of embezzling more than $2 million from his employer. Federal prosecutors say Juan Ramon Cabezas surrendered to authorities on Tuesday. The 55-year-old Reno man was indicted May 11 on 22 counts of bank fraud and 15 counts of mail fraud.
MINNEAPOLIS (AP) — General Mills says it has signed a deal to buy a controlling stake in French yogurt company Yoplait for about $1.15 billion. The deal protects General Mills' U.S. yogurt business. The food maker has sold the world's second-largest yogurt brand under license in the U.S. for 30 years.
WASHINGTON (AP) — Often maligned, the french fry is fighting back. The spud has had a tough time lately. In the last year, it has been marginalized by new school lunch rules, demonized by a popular television program and blamed for the nation's obesity epidemic. Health advocates and government officials have pushed to take them off lunch lines, where kids often reach for the crispy treats instead of greener vegetables.
MOLINE, Illinois (AP) — Deere & Co. said Wednesday its fiscal second-quarter profit soared 65 percent because of strong demand for its agricultural equipment, especially in the United States, Canada and Brazil. The company also said it plans to invest $80 million in a new agricultural equipment manufacturing plant in northeast China to help meet increased demand in the region.
PHILADELPHIA (AP) — Mack Trucks Inc. and its parent, AB Volvo, will pay $525 million to settle a class-action lawsuit filed by more than 9,300 retirees of the North Carolina truck maker after they challenged potential reductions to their lifetime health benefits. The Legal Intelligencer reported Tuesday that Senior U.
PALO ALTO, Calif. (AP) — After its CEO warned of another tough quarter, Hewlett-Packard Co. cut its full-year outlook Tuesday citing to soft PC sales and the effects of the earthquake in Japan. HP said its net income for the latest quarter rose slightly, but investors focused on challenges ahead sent shares down 5 percent before the market opened Tuesday.
When energy ministers from major economies met at the Clean Energy Ministerial (CEM) in Abu Dhabi recently, one of the reports they considered was one investigating the industrial use of captured CO2 to accelerate the uptake of carbon capture and storage (CCS). This was one of the pieces of work commissioned by the governments of Australia and the United Kingdom, which chair the action group looking at carbon capture, use and storage (CCUS).
VERSAILLES, Ohio (AP) — Authorities estimate that about 83,000 chickens were killed in a barn fire at a western Ohio egg farm. WHIO-TV says about 70 firefighters were called out shortly before 4 a.m. Tuesday to fight the fire near Versailles (vur-SAYLZ'). The barn is on a farm owned by Kissinger Brothers Poultry and was fully engulfed when firefighters arrived.
WHITE MARSH, Md. (AP) — Groundbreaking is scheduled for a new electric motor manufacturing facility at General Motor's Powertrain Baltimore location. Maryland Gov. Martin O'Malley and other officials will participate in Tuesday's ceremony for the facility that is expected to create about 190 jobs.
COLUMBUS, Miss. (AP) — A vote could soon be taken to decertify the union at Omnova Solutions, Inc., in Columbus, where some workers have been on strike for a year. The Columbus Dispatch reports a group of replacement workers have filed a request with the National Labor Relations Board to take a decertification vote.
ST. LOUIS (AP) — The nation's largest lead producer plans to build a new plant in the eastern Missouri town and promises it will be far more environmentally friendly than its existing smelter there that has been the subject of scorn by environmentalists and regulators for decades. St.
LONDON (AP) — Defense contractor BAE Systems PLC said Tuesday it has agreed to pay a fine of up to $79 million to settle an arms export controls case with the U.S. Department of State, the largest civil fine ever levied by the department. The State Department settlement of the civil case includes a possible $10 million reduction in the fine depending on the company's implementation of compliance measures.
The Mayans prophesized that 2012 will mark the demise of human civilization. And while many people disregard this apocalyptic fable, is it possible to completely disregard the fact that The International Monetary Fund estimates that “ The Age of America ” will come to its end in 2016? Specifically, 2016 is the year when China's growth intersects the decline of the U.
The OILMISER Vapor Guard from JLM Systems Limited (Richmond, BC, Canada) is designed for lubricated gearboxes and bearing housings that are venting to atmosphere. The guard traps the migrating oil mist from a turbine gearbox before it escapes, before it fouls the air breather, and before it contaminates the workspace.
The OEM quality CO2 laser optics for low-power lasers used in cutting plastics are now available from Laser Research Optics (Providence, RI). The CO2 Laser Lenses and Mirrors are optimized for use at 10.6µm and meet ISO-10110 specifications for optical elements. They are available for Cincinnati®, Coherent®, Epilog®, Synrad®, Universal®, and similar lasers, and are comparable to the originals, according to the company.
The overhead bridge crane kits from Demag (Cleveland, OH) are a quick and cost-effective solution for installing overhead cranes in the 3-, 5-, and 10-ton capacity range. According to the company, the kits are plug-and-play, require no electrical work, and include everything needed for installation, save for box girders or steel beams.
Kadant Johnson Inc. (Tree Rivers, MI) offers direct injection steam heaters to provide a cost-effective way to accurately heat water and water-based slurries by injecting steam directly into the fluid. In addition, they can handle a wide range of flow rates, allowing for precise temperature control while conserving energy.
WASHINGTON (AP) — U.S. factories in April produced fewer goods for the first time in 10 months. A shortage of parts from Japan forced auto makers to cut back output. The Federal Reserve says manufacturing production fell 0.4 percent in April. That follows nine straight monthly increases. But excluding the drop in activity at auto plants, factory production rose 0.
SAN DIEGO (AP) — A San Diego-based defense contractor pleaded guilty Monday to offering bribes to a Navy official who, in return, placed $300,000 worth of orders from the company for military aircraft. Jesse Denome, owner of JD Machine Tech, Inc., admitted that from June 2004 to September 2005 he gave a Navy official a bicycle worth nearly $2,500, a model airplane engine worth $449 and made $18,000 in payments on the official's personal credit card.
BEIJING (AP) — Watermelons have been bursting by the score in eastern China after farmers gave them overdoses of growth chemicals during wet weather, creating what state media called fields of "land mines." About 20 farmers around Danyang city in Jiangsu province were affected, losing up to 115 acres (45 hectares) of melon, China Central Television said in an investigative report.