STOCKHOLM (AP) — A spokesman for Volvo Cars says that China's Zhejiang Geely Holding Group could sign a binding deal to buy the Swedish automaker from Ford Motor Co. this weekend. Geely and Ford have earlier said that they expect to pen it by the end of March. Volvo spokesman Per-Ake Froberg said Friday that the deal could be reached on Sunday, "but it's not set in stone yet.
WASHINGTON (AP) — The burst of energy the economy showed at the end of last year isn't likely to be repeated anytime soon. The Commerce Department reported Friday that the economy grew at a 5.6 percent pace in the October-to-December quarter in its third and final estimate of economic activity during the period.
When your eyes dart between the grilled cheese and the salad bar during your lunch break, what are you really thinking about? How do you decide between the real-fruit sorbet and the chocolate cake? We recently ran a video from CBS news , which suggests that the reasons we choose to eat what we choose to eat may be more complicated than they seem at first glance.
TOKYO (AP) — Toyota said Friday it is stopping production at its factories in France and Britain for a total of nine days amid falling sales that the company partly attributed to its recent recall woes. The world's No. 1 automaker will suspend output at it plant in France for four days starting April 6, said spokeswoman Ririko Takeuchi.
FRANKFURT (AP) — Siemens AG expects demand for products from its industrial division to stabilize this year after the economic downturn hit spending on big-ticket items, the Munich-based company said Friday. Assuming there is a steady economic recovery, new orders in the sector should reach the level of the company's 2009 fiscal year, which ended in September, Siemens said.
DETROIT (AP) — General Motors Co. says it will bring back 600 workers and add equipment at two Canadian factories in order to turn out more hot-selling midsize crossover vehicles. The company said Friday that it will beef up the body-making capacity at its plant in Ingersoll, Ontario, where it assembles the Chevrolet Equinox and GMC Terrain crossovers.
EVANSVILLE, Ind. (AP) — More than 450 jobs are being eliminated as Whirlpool Corp. ends a production shift at an Evansville factory that is being shut down in June. Union officials say Friday was the last day for 465 workers at the plant. Whirlpool announced last year that it would shut down the 1,100-worker refrigerator factory and move production to Mexico.
DES MOINES, Iowa (AP) — Nearly a year after nations banned U.S. pork over fears about swine flu, China has become the last one to lift its embargo and is expected to accept shipments by early next month. It's a move welcomed by an industry that has suffered several years of losses, but some experts caution farmers shouldn't expect to see a surge in exports.
For many years, Lavazza’s primary purpose has been to bring the aroma and quality of Italian espresso coffee to the world. Luigi Lavazza invented the concept of blending coffee from various sources to yield a savory blend in the early 1900s. Since then the company has built up more than a century of experience while pursuing its twin aims of excellence and innovation.
The CS Hyde Company now offers two high-performance films, Kynar and PEEK, which are available with pressure-sensitive adhesive. The KYNStick Tape is made with Kynar film and offers excellent chemical and corrosion resistance with a high tensile strength, according to the company.
The MarkWare Lean Communication Software from Brady (Milwaukee, WI) can be used to quickly design professional signs, labels, and tags. The Lean Tools edition of the software helps manufacturers simplify machine setup and identify operation abnormalities through the use of visual equipment controls on gauges, oil sight tubes, drive train belts, and other machine components.
The KPO portable air conditioner from Atlas Sales & Rentals, Inc. (Torrance, CA) is manufactured by KwiKool Portable Cooling Systems and measures 32” wide by 64” deep by 62” high, and is small enough to fit through a standard door. The 12-ton unit can be positioned outdoors to duct cold air in, or indoors to duct hot air out.
Dematic Corp. (Grand Rapids, MI) introduces a suite of products and services designed to increase productivity and reduce operating costs, organized into three categories: material handling systems, facilities, and operations. Material handling : a sorter repair/rebuild kit, replacement rollers, a motorized roller retro-fit kid, a powered pulley upgrade, conveyor replacement, and software/controls upgrades.
NEW ORLEANS (AP) — A startup automaker that planned to build a fuel-efficient vehicle in Louisiana and employ 1,400 workers lost its bid Wednesday for $321.1 million in federal loans considered vital in getting the company running. V-Vehicle Co. said the federal Energy Department turned aside two loan applications — $241.
Coca-Cola has recently come under fire for an incident in China, where a large batch of Sprite was found to be contaminated with high levels of mercury. After consuming a can of the contaminated product, one man vomited up the small pieces of mercury, and others were hospitalized for poisoning. While some accuse Coca-Cola of bad manufacturing practices, others claim the product was intentionally poisoned to affect Sprite’s reputation.