NEW YORK (AP) — Shares of Tyco International Ltd. rose in Friday trading after a news report said a potential buyer is speaking to private equity firms about partnering on bid for Tyco. THE SPARK: According to the New York Post, France-based Schneider Electric has contacted buyout firms about putting together a bid that could offer $30 billion or more for Tyco, which owns ADT security and a series of other fire protection and industrial companies.
ROCHESTER, New York (AP) — Shares of Eastman Kodak Co. shot higher Friday after a judge at the U.S. International Trade Commission rejected Apple Inc.'s digital-camera patent claims against the photography pioneer. Kodak's technology does not infringe on Apple's patent rights, and one of the two patents in dispute is invalid, Robert Rogers Jr.
DETROIT (AP) — General Motors says it will invest $109 million in two Michigan operations, keeping or creating 96 jobs. The investment will fund production of engines for the Chevrolet Cruze compact and Volt electric car. GM says the money is part of a $2 billion investment announced earlier this week that will create or keep more than 4,000 jobs at 17 GM facilities in eight states.
Ruland Manufacturing (Marlborough, MA) offers its Oldham couplings, which have typically been used in motion control applications where zero-backlash performance is needed. However, according to the company, the couplings can be used as an alternative to straight jaw couplings on general industrial equipment such as pumps, valves, gearboxes, and conveyor systems.
The SeaPAC R9-8.4 embedded computer, from Sealevel Systems (Liberty, SC), features a 8.4” TFT LCD to create a wide-temperature, rugged computer for a variety of HMI and control applications. The computers can survive an extended operating temperature range of -30 to 70°C with no heaters or cooling fans, and uses a resistive touchscreen for use in a wide range of industrial environments.
Albeo Technologies, Inc. (Boulder, CO) is introducing the H-Series LED high bay for general illumination. The lights are modular and deliver more than 50,000 lumens at 100 lm/W due to a cast aluminum structure, conservative currents, and highly-engineered heat dissipation, according to the company.
WEG Electric Corp. (Atlanta, GA) has redesigned the frame of the IEE 841 electric motor to its new W22 platform, which offers extended benefits for severe-duty applications. The NEMA Premium electrical design of the motor delivers high torque and low temperature, while the electromechanical design meets the IEE 841 Standard.
This one is for you baseball fans out there. Like many other manufacturing niches, work for making baseball gloves was sent overseas in order to reduce costs. In contrast to the normal outsourcing swing, and in spite of the economic downturn, Insignia Athletics, of Worcester, Mass., has recently started high-end baseball gloves using American leather.
Besides being some of the most well-known and trusted brand names in the world, do you know what else Teflon , Gore-Tex and NutraSweet have in common? They’re not consumer products at all, but ingredients found in consumer products.
DETROIT (AP) — Chrysler is moving its normal summer shutdowns at three factories into June from the usual July closings because of parts shortages from the earthquake in Japan. The company says its pickup truck plant in Warren, Mich., and its Toledo, Ohio, North assembly plant will be idled the weeks of June 20 and 27.
MILLVILLE, N.J. (AP) — Officials in a southern New Jersey town are pleased a lucrative military contract will not fly away. The Army will spend an additional $23.7 million with Boeing to continue modifying Chinook helicopters at Millville Airport in Cumberland County through April 2012. The Millville facility opened last year.
WASHINGTON (AP) — The technology industry advances at lightning speed. So perhaps it's no surprise that the expiration of the Justice Department's historic antitrust settlement with software giant Microsoft is passing with little fanfare Thursday. In an age of Apple iPhones, Google Web searches and Facebook friends, Microsoft Corp.
WASHINGTON (AP) — The Treasury Department will hold off on further sales of the stock it owns in General Motors Co. until August at the earliest, according to two people with direct knowledge of the GM situation. These people said Thursday that Treasury will not start selling shares until after the automaker reports its second-quarter results which is expected to occur in mid-August.
TOKYO (AP) — Nissan is hoping to steal U.S. sales from its Japanese rivals, who have been harder hit by the March 11 earthquake and tsunami in Japan. In a memo sent Thursday to dealers, Nissan North America Vice President Al Castignetti said Nissan is in a "much healthier position" than Toyota Motor Corp.
SHANGHAI (AP) — Prospects for a rescue for struggling Saab Automobile remained uncertain Friday as several Chinese automakers brushed off reports they were in talks with the Swedish car company after an earlier financing deal fell through. News that a $233 million (euro 150 million) deal between Spyker Cars NV, which bought Saab from General Motors Corp.
ATLANTA (AP) — Porsche Cars North America said Thursday it plans to consolidate several of its U.S. operations at a new $100 million complex being planned in the Atlanta area, where it already has headquarters. The German luxury automaker said the complex, to be built near the new International Terminal at Hartsfield-Jackson Atlanta International Airport, will include a road course allowing potential customers to take luxury cars for a spin.
NEW HAMPTON, N.Y. (AP) — Federal food safety authorities say chives distributed in nine states by an upstate New York company are being recalled because of possible Listeria contamination. The Food and Drug Administration says the chives from Goodness Gardens Inc. of New Hampton were sold primarily through retailers in New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Maryland, Alabama, Illinois and Virginia.
WASHINGTON (AP) — Businesses added to their stockpiles for a 15th straight month in March while their sales rose for a ninth consecutive month, suggesting factory production will remain strong in coming months. The Commerce Department reported Thursday that businesses increased inventories 1 percent in March while sales rose an even larger 2.
MOUNT VERNON, Ill. (AP) — The maker of Continental and General brand tires says it's investment of $224 million into its southern Illinois plant will mean more than 440 new jobs. Continental Tires the Americas made the announcement at its Mount Vernon factory, saying the full-time jobs will be added over the next three years.
WILMINGTON, Del. (AP) — Ford Motor Co. CEO Alan Mulally says hasn't given any thought to stepping down. Mulally's comments came in a brief meeting with reporters after Ford's annual shareholders meeting in Wilmington, Del. The 65-year-old chief executive was hired away from Boeing Co. in 2006 to rescue Ford, which at the time was struggling near the brink of bankruptcy.