SAN FRANCISCO (AP) — Hewlett-Packard Co.'s new CEO Leo Apotheker delivered some disappointing news to Wall Street on Tuesday after his first full quarter with the technology company. Revenue growth, a persistent worry for companies of HP's size, will be slower this year than many analysts had envisioned.
BEIJING (AP) — Chinese telecom equipment maker Huawei has won a preliminary injunction from a U.S. court barring Motorola Inc. from transferring business secrets in a planned deal with Nokia Siemens Networks. The order by a federal judge in Chicago on Tuesday prohibits Motorola, which is a vendor of Huawei equipment, from transferring any confidential information about the Chinese company pending resolution of the dispute.
DETROIT (AP) — For at least one night, Detroit's troubled economy, blighted neighborhoods and budget problems played second fiddle to Mayor Dave Bing's guarded optimism that the Motor City slowly is driving toward a better future. Bing's annual State of the City address Tuesday night even opened with a popular Chrysler 200 sedan television ad that makes no apology for Detroit's grittiness and features a voiceover that says the city has survived going through "hell and back.
WASHINGTON (AP) — Under government pressure, Ford Motor Co. said Wednesday it will recall nearly 150,000 F-150 pickup trucks to fix air bags that could deploy without warning. The recall covers trucks from the 2005-2006 model years in the United States and Canada for what the auto company calls a "relatively low risk" of the air bag deploying inadvertently.
The CEO of Alcoa Inc. saw his compensation rise about 10 percent last year, to $12.3 million, as the aluminum company posted its first full-year profit after two years of losses, according to an Associated Press calculation from the company's proxy statement. The salary for Chairman and CEO Klaus Kleinfeld was unchanged at $1.
The NFPA 654 committee is working on “emergency” interim changes after the updated combustible dust safety standard was rejected by its members. National Fire Protection Act (NFPA) 654, the standard for the prevention of fire and dust explosions from combustible particulate solids, is facing a number of hurdles.
Miller Fall Protection (Franklin, PA) announces the new Miller Fusion Roof Anchor Post, which is a versatile single-point anchor that adapts to a wide range of roof designs, including seam, membrane, metal sheathing, concrete, and wood. Additional features include: A quick, easy attachment to the roof surface, which reduces installation time by more than 50 percent.
The CB6 walk/ride base, from Cecor (Verona, WI), combines a sump cleaner with powered transport for long hauls between collection and disposal or treatment. The base can maneuver easily through narrow aisles, around tight corners, and provides work positioning. Operators can also walk and maneuver the sump cleaner into tight areas.
Vac-U-Max (Belleville, NJ) manufactures the Vacuum Conveying Equipment and Systems, which are constructed of USDA-approved materials. The vacuum conveyors range in rates from 500 pounds per hour, to 5,000 pounds per hour, and beyond. They can also be equipped with loading tablet press machines, mix tanks, and blenders.
The EP21ARHT two-component epoxy from Master Bond (Hackensack, NJ) was developed for coating and lining storage tanks, piping, scrubbers, and processing equipment. According to the company, it can withstand chemicals, fuel, and acids, and can survive immersion in 96 to 98 percent sulfuric acid or 20 percent hydrochloric acid for more than a year.
230 to be laid off from NC Slim Jim plant GARNER, N.C. (AP) — ConAgra Foods Inc. is laying off 230 workers from a Slim Jim production facility in North Carolina that was damaged during a deadly explosion in 2009. The Omaha, Neb.-based food manufacturer has notified state officials in a letter released Monday that the layoffs will take place in the middle of April.
TOKYO (AP) — In a deal that could be worth billions of dollars and determine one of the primary fighter jets in Asia for decades to come, European aircraft makers are trying to convince Japan to do something it has never done before — snub America. U.S. planes have long been Tokyo's overwhelming favorite, but Japan appears to be wobbling under a strong sales pitch for the Eurofighter Typhoon, coupled with problems and restrictions that have made the American alternatives less attractive.
OELWEIN, Iowa (AP) — An explosion Sunday morning at a feed plant north of Oelwein was likely sparked by a lightning strike, a fire official said. No injuries were reported in the blast at the International Ingredient Corp. facility. Oelwein Fire Chief Wallace Rundle said six people were inside the plant but got out safely before firefighters arrived.
WASHINGTON (AP) — President Barack Obama says improving math and science education is essential to helping the U.S. compete globally, and he wants the private sector to get involved in making it happen. Obama recorded his weekly radio and Internet address during a visit this past week to Intel Corp.
WASHINGTON (AP) — Medtronic, the world's largest medical device maker, said Tuesday it will lay off up to 2,000 workers as part of a restructuring effort amid sluggish sales of its implants. The company said the cuts are aimed at achieving "long-term sustainable growth" and will reduce its work force by 4 to 5 percent.
Martin Foil's company sells yarn that winds up in clothes from the Gap, Ralph Lauren and American Apparel, and business is growing. He's buying new machines and hopes to hire as many as 200 workers this year. When he decided to expand into a shuttered yarn factory in North Carolina, he borrowed $11 million recently from Wells Fargo to buy it.
AUGUSTA, Ga. (AP) — One of the world's largest appliance manufacturers is bringing 225 customer service jobs to Augusta. Electrolux is spending $2.5 million to renovate an existing facility for its North American major appliances expanded customer care center. According to a statement released by Gov.
RANTOUL, Ill. (AP) — Almost 2,000 people have apllied for what will be about 150 jobs at an eastern Illinois pork processing plant expected to reopen this spring. James Jendruczek is the president of J&A Investors. The firm owns a company called Trim-Rite Foods Inc. that will operate the plant in Rantoul.
MONROVIA, Calif. (AP) — A California company says it has demonstrated controlled precision hovering and fast-forward flight by a camera-equipped micro aircraft that flies like a hummingbird. Monrovia-based AeroVironment on Thursday released video of the remotely controlled Nano Hummingbird it developed for the U.
NEW YORK (AP) — Ford Motor Co. plans to team up with a Russian automaker to make and distribute cars in the country. The announcement came shortly after Italian automaker Fiat SpA backed out of a potential partnership with the same Russian company. Fiat and Russian automaker Sollers had signed a memorandum of understanding last year to produce up to 500,000 vehicles a year in Russia in a bid to become the country's second-largest car maker.