CNN Money reports on last week’s disappointing news that jobs aren’t being created as quickly as economists would hope, and sits down with Secretary Hilda Solis of the Department of Labor to ask if we’re falling into a double-dip recession. The truth is that while many businesses are doing better than a year ago, and want to hire, the economy isn’t as supportive as it could be.
It’s hard to doubt the impact government work can have on a small business in terms of both financial and technological gain. Just imagine the potential such programs could have if the playing field were level. In its first ten years of existence, visualization software company Tecplot relied almost entirely on R&D contracts with the U.
Pump Solutions Group (PSG; Grand Terrace, CA) has announced its acquisition of the EnviroGear product line, which includes the EnviroGear mag-drive internal gear pump, gear pump base plate assemblies, and a line of pump and motor protection. The EnviroGear pump is designed to eliminate operational concerns found in seal-less gear pumps.
The Hi-Temp Lab-metal one-component metal putty from Alvin Products (Everett, MA) requires no mixing, applies easily, and can be sanded or painted. According to the company, it can withstand temperatures up to 1,000°F. In addition, it is suitable for smoothing welds and filling cracks, dents, or voids, and it will not shrink.
The PrimoWeigher 360 combination scales from CombiScale, Inc. (Opa Locka, FL) provide for more flexibility than using a 24- or 32-head combination scale by allowing users to add or remove scales/products easily, with no loss in accuracy or productivity. The Windows-based 360 Operating System can support as many scales as needed to mix infinite products, and offers features like Skype for online support, Crystal Report for custom reports, and a Wizard for step-by-step assistance for operators when inputting new jobs.
Hittite Microwave Corporation (Chelmsford, MA) has introduced three new ADCs that are ideal for Digital Storage Oscilloscopes (DSOs). According to the company, the combination of low power and 1 GSPS sample rate is a first. The HMCAD1520, HMCAD1511, and HMCAD1510 feature integrated crosspoint switches that allows switching between quad-, dual-, and single-channel modes, while the HMCAD1511 features 8-bit resolution at a 1 GSPS sample rate.
ELKHART, Ind. (AP) — A recreational vehicle component manufacturer is considering a move into a vacant factory in northern Indiana where it could hire 180 workers in the next few years. The steel fabrication company Lippert Components of Marvin, N.C., has asked the Elkhart City Council for tax incentives if it moves into a factory formerly owned by the now-defunct Monaco Coach Corp.
NEW YORK (AP) — It's not easy being the most optimistic guy in the room. Most companies are hoarding cash after two-plus years of cost-cutting. The members of the benchmark Standard & Poor's 500 index are sitting on a record $960 billion in cash on their balance sheets. All told, companies now have more than 10 percent more cash than the previous peak in 2004.
FRANKFURT, Germany (AP) — Germany's Daimler AG and Britain's Rolls-Royce have won control of Tognum AG after their joint takeover offer gave them control of a 59.87 percent stake in the German-based maker of heavy-duty engines. Daimler said Tuesday there are still two more weeks for remaining shares to be tendered under the euro26 per share offer.
RICHMOND, Va. (AP) — That's not smoke coming out of Cliff Phillips' mouth. But that hasn't stopped others from cringing, making remarks, waving their hands in their faces and coughing at the sight of the vapor from his electronic cigarette. "They're just conditioned if they see you inhale and exhale something, it's got to be smoke and it's going to stink.
NEW YORK (AP) — News last week that an arm of the World Health Organization said cellphones might raise the risk of brain cancer has been greeted by Americans mostly with a shrug of the shoulder — one that's pinning a cellphone to the ear. Google searches for "cancer" and "cellphones" spiked this week.
HONOLULU (AP) — Korean electric car company CT&T made a splash in three states when it rolled shiny, tiny vehicles off big rigs and announced with smiling governors that it would hire hundreds of Americans to build them in new factories. But those plans have stalled in Hawaii, Pennsylvania and South Carolina without anyone hired, any plantsconstructed or any electric cars assembled.
In marketing and sales, it’s all about getting people to remember your company, your products and your brand. It’s the core philosophy behind business development. Creating a close rapport with customers determines where a company takes and makes its future. According to the 2010 Georgia Manufacturing Survey, an ever-increasing number of food manufacturers are realizing this and valiantly attempting to execute well-defined marketing and sales programs to make immediate and lasting impressions with customers.
MIAMI (AP) — A federal judge refused Friday to dismiss lawsuits filed by thousands of Colombians against produce seller Chiquita Brands International over its payments to a right-wing paramilitary group responsible for killing and terrorizing civilians during Colombia's lengthy civil conflict.
NASHVILLE, Tenn. (AP) — A federal agency investigating a fatal fire at a Middle Tennessee chemical plant said a corroded pipe leaking hydrogen gas caused an explosion that ignited combustible iron dust there. A total of four workers have died this year after being critically burned in fires at the Hoeganaes (HAY'-gan-eez) plant in Gallatin, with the latest one occurring last week.
BIG FLATS, N.Y. (AP) — Sikorsky Aircraft Corp. is laying off nearly 400 workers at its factory in upstate New York because of what the company says is a lull in orders for military helicopters. The announcement Thursday by the Stratford, Conn.-based subsidiary of United Technologies Corp. didn't divulge the number of jobs being cut, but a notice filed with the state Department of Labor lists the number of layoffs as 386.
HAMMOND, Ind. (AP) — A former manager at a northwestern Indiana aluminum plant has pleaded guilty to charges that he knew about employees lying on reports in order to cover up air pollution violations. Charles Woodworth of Crown Point made the plea Thursday in federal court in Hammond.
DETROIT (AP) — The Chevrolet Volt electric car has won a five-star safety rating from the U.S. government. The five-star rating is the top one given by the National Highway Traffic Safety Administration. General Motors, the car's maker, says the Volt was judged under tougher standards for 2011 models that include a simulated 20 mile-per-hour side crash into a pole.
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.