MACOMB TOWNSHIP, Michigan (AP) — Chrysler CEO Sergio Marchionne said Monday that his company will save $300 million in interest a year when it repays $7.5 billion in U.S. and Canadian government loans on Tuesday. Chrysler plans to announce the repayment at a Detroit-area auto assembly plant on Tuesday afternoon.
LONDON (AP) — British lawmakers said Monday they still have "significant concerns" about the takeover of chocolate maker Cadbury by Kraft Foods Inc. — more than a year after the controversial deal. The Business, Innovation and Skills Select Committee also strongly criticized Kraft's chief executive Irene Rosenfeld for refusing to appear before parliamentary hearings into the takeover.
INDIANAPOLIS (AP) — Two entrepreneurs who relaunched a chocolate-flavored drink called Choc-Ola are hoping baby boomers' taste for nostalgia and consumers' love of anything with chocolate helps make the revived beverage a success. Choc-Ola — a concoction of water, sugar, low-fat milk, cocoa and a handful of other ingredients — debuted in the 1940s and was pitched to a generation of fans in the 1970s by "Cowboy Bob" on Indianapolis television station WTTV-4's children's program.
NEW YORK (AP) — Campbell Soup Co. said Monday that its U.S. soup sales fell in its third quarter as it ditched the heavy discounts and found consumers stocked up less. But its overall results beat expectations as its baked goods and snacks which include Pepperidge Farm products, Goldfish crackers and Milano cookies sold well.
CGW-Camel Grinding Wheels (Niles, IL) has introduced a line of diamond wheels engineered for demanding metal applications, with a high concentration of diamond grip, a solid steel body, and an advanced brazing process. The longer-lasting life spans allow for increased production times and lower cost ratios.
The AlumiSeal brush-on methacrylate compound, from IMPCO Inc. (East Providence, RI), is formulated for sealing porosity in aluminum parts and welds that will contain liquids or gases under pressure. The low dynamic viscosity enables it to wick deeply into pores and between close-fitting non-ferrous metal surfaces.
Lenze Americas (Uxbridge, MA) has recently launched the Lenze 8400 Inverter Series, which features L-Force automation technology for tailored motion control solutions that deliver stable and dynamic performance in material handling operations. In addition, the series incorporates intelligent features, including memory modules, online diagnostics, and optional integrated safety systems.
Omega Engineering, Inc. (Stamford, CT) has announced the UWRH-2-NEMA wireless relative humidity transmitter that features a standalone, compact, and battery-powered NEMA design. According to the company, it can transmit measurements to a host receiver up to 400 feet away, and includes free software to convert a TC into a multi-channel chart recorder or data logger.
RALEIGH, N.C. (AP) — Electronic Recyclers International announced plans Monday to open a regional operations center at Alcoa's former smelting plant in Badin, eventually providing jobs for 200 or more employees. ERI is the first new tenant signed at the vacated 700,000-square-foot Badin Business Park, a building formerly used by Alcoa Inc.
PLAQUEMINE, La. (AP) — Officials with Shintech Louisiana have identified two workers who died after they were overcome by chemical fumes at the Shintech facility south of Plaquemine. Plant Manager David Wise said in a news release that Tommy Rivet, a Shintech employee, and Tory Sanchez, a contract worker employed by Performance Contractors, Inc.
DETROIT (AP) — An independent panel set up to review Toyota Motor Corp.'s safety and quality issues says the company doesn't do a good job of incorporating customer feedback into its car designs. The panel says Toyota should appoint executives who are responsible for safety and should give more power to regional executives outside Japan.
Here's the amazing story behind jet engine designer and manufacturer Pratt & Whitney's 20-year effort to create one engineering position for one employee hire. Meet that employee. If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Headquartered in Walnut Creek, California, Basic American Foods (BAF) is an innovator and leader in convenience and refrigerated foods. With several patents to its credit, BAF is an acknowledged leader in research and development, earning universal respect for innovation, quality, and customer service.
Supplying hamburger buns for the fast food giant McDonalds, the Turano Bakery facility in Orlando, FL must run an exceptional operation in order to bake a quality and consistent product that billions have come to expect. For nearly half a century, the Turano family has followed European traditions to bake the freshest, highest quality artisan-style breads such as Ciabatta, Focaccia, Hearth-baked Peasant breads, and a variety of rolls.
YORKTOWN, New York (AP) — Some fellow in his pajamas, home sick with bronchitis and complaining online about it, could soon be contributing to a digital collection of medical information designed to help speed diagnoses and treatments. A doctor who is helping to prepare IBM's Watson computer system for work as a medical tool says such blog entries may be included in Watson's database.
DETROIT (AP) — Harley-Davidson Inc. dealerships are reporting strong sales in the second quarter, a promising sign that the motorcycle maker's turnaround is taking hold as the slow economic recovery continues, an R.W. Baird & Co. analyst wrote on Monday. Baird analysts contacted 54 of 650 U.
WASHINGTON (AP) — Workers who don't trust the boss to keep track of their wages can now do it themselves with a new smartphone application from the Department of Labor. But employers worry that the time sheet app, along with other new initiatives, could encourage even more wage and hour lawsuits.
TOKYO (AP) — Honda workers are taking 14 additional days off during June through August because of manufacturing disruptions caused by parts shortages, but will make up for the car production shortfall later in the year. Honda Motor Co. said Monday that plant workers will take one extra day off in June, 10 more in July and three in August, and work those days in the latter half of the fiscal year to make up for the shortfall Under Honda's latest move, all production at the Saitama and Suzuka auto plants, and part of the production at the Hamamatsu motorcycle plant, will be shut down for the 14 days.
TOKYO (AP) — Sony Corp. is expecting an annual loss of $3.2 billion, reversing its earlier projection of a return to profit, as the electronics giant struggles with production disruptions from Japan's tsunami and a hacker attack on its online gaming service. The Japanese maker of PlayStation 3 video game machines and Bravia flat-panel TVs said Monday that the projection of a 260 billion yen ($3.
BEIJING (AP) — An explosion at one of two factories that make Apple's new iPad 2 highlights the risks of a global manufacturing strategy that has cut costs but concentrates production in a few locations. Foxconn Technology Group, the contractor that manufactures Apple's iPhones and iPads, said Friday's blast in the western city of Chengdu killed three employees and injured 15.