SAN FRANCISCO (AP) — Chrysler's CEO apologized Saturday for the way he described the interest rates the U.S. and Canadian governments are charging on the bailouts his company received in 2008 and 2009. Sergio Marchionne, speaking Friday during an automotive conference in San Francisco, called the interest rates a "thorn" in his side and said that refinancing the two loans would mean no longer having to explain the "shyster rates.
WASHINGTON (AP) — The U.S. labor force has been split into two groups: the relieved and the desperate. Those who have a job are less likely to lose it than at any point in at least 14 years. Those who are unemployed are in trouble. Finding a job remains a struggle 20 months after the recession technically ended.
WASHINGTON (AP) — When President Barack Obama named Gene Sperling as his chief economic adviser, two of Sperling's early calls went to AFL-CIO President Richard Trumka and U.S. Chamber of Commerce President Thomas Donohue. Known for his pugilistic style, Donohue wasted no time. Come on over, he said.
Tom Moran, COO and President of Midwest Plastic Fabricators, stands next to the "ferris wheel," one of many homemade technological innovations he has developed over his 30-year engineering career. Tom Moran, COO of Ohio’s Midwest Plastic Fabricators (MPF), has a unique story to tell.
I recently had the pleasure of traveling to Dallas at the request of Snap-On, the well-known manufacturer of all things tooling. At the event, they educated me and other members of the press on a tool crib that takes all of the hassle out of asset management. All tools removed from the crib are automatically detected by the system.
Melmor Associates Inc. (Niles, OH) has added a new label holder line and material handling identification line. The label holder is a placard label holder, which enables the user to repetitively label returnable containers, pallet racks, and flock racks, without the mess of label and adhesive build-up.
Eaton Corporation (Eden Prairie, MN) has developed a new line of steam hose that was engineered to provide maximum safety. The Steam Slayer hose combines a chlorobutyl tube with high-tensile steel wire reinforcement and an Ethylene Proylene Diene Monomer (EPDM) cover to produce a hose with a 10:1 burst safety factor.
Bollé (Overland Park, KS) has announced the launch of its Bollé Safety product line to the U.S. safety eyewear market. According to the company, the line is known for its performance, style, and comfort. To support the launch, Bollé has reached a distribution agreement with Protective Industrial Products, Inc.
The TC-1 tube and hose cutter — from Beswick (Greenland, NH) is a precision tool for making square cuts, and uses chrome-plated metal for strength. A plastic coating is then applied to the handles to improve the feel. According to the company, the V-shaped head ensures straight cuts and prevents jagged edges, which makes it easier to use than a utility knife or razor.
STATE COLLEGE, Pa. (AP) — President Barack Obama, turning briefly to his eclipsed domestic agenda Thursday, called on the nation's businesses to make fresh investments in clean energy technology that lay a foundation for long-term American prosperity. He proposed a new tax credit and other measures to encourage businesses to retrofit their plants and reduce costs — steps that he said would save $40 billion a year in utility bills.
In this Jan. 26, 2011 photo, Terri Lewis installs a fan on a diesel engine on the Volvo truck assembly line at the Volvo plant in Dublin, Va. The work force was more efficient last year with productivity rising at the fastest pace in eight years while labor costs fell for a second straight year, something that hasn't happened in nearly five decades.
TOKYO (AP) — Honda's Fit subcompact overtook Toyota's Prius gasoline-electric hybrid as Japan's top-selling car in January, its first return to that spot in nearly two years. The figures released Friday by the Japan Automobile Dealers Association show how the end of government subsidies for green cars have hurt sales of the Prius after holding the top spot in Japan for 20 straight months.
MILWAUKEE (AP) — A Wisconsin meatpacking company has agreed to pay $1.65 million to settle a sex-discrimination lawsuit accusing it of rejecting 970 female applicants over a two-year period, the U.S. Labor Department said Thursday. Green Bay Dressed Beef LLC will pay the money in the form of back pay, benefits and interest, Labor Department spokesman Scott Allen said.
WASHINGTON (AP) — Car companies like General Motors and Nissan are slowly rolling out rechargeable electric cars. But that didn't stop thousands of U.S. taxpayers, including prisoners and some IRS employees, from incorrectly claiming lucrative tax credits for the electric vehicles last year. A Treasury Department inspector general report says nearly 13,000 taxpayers erroneously claimed about $33 million in credits for plug-in electric and alternative vehicles during the first six months of 2010.
WASHINGTON (AP) — The unemployment rate dropped sharply last month to 9 percent, based on a government survey that found that more than a half-million people found work. A separate survey of company payrolls showed a scant increase of 36,000 net jobs as snowstorms likely hampered hiring. That survey doesn't count the self-employed.
Wheelift Systems (Waverly, IA) has announced its space-saving, self-propelled trailers (SPT) in capacities to 100 tons. According to the company, the trailers are ideal for in-plant operation in congested, confined areas, and narrow intersection aisles. In addition, they include computerized independent steering, on-center rotating front axles, remote control operation, a low-profile design, and onboard power generation.
Parker Hannifin Corporation (Huntsville, AL) has created a package of tube fabrication tools for small bore tube assembly. The new package provides all the equipment necessary to successfully install tube fittings — both CPI and A-LOK — in various system applications, and includes benders, a cutter, a deburrer tool, a sawing vise with an integral hacksaw guide, and an inspection gauge.
The TSFR Series Magnetic Drive Rotary Vane Pumps from Clark Solutions (Hudson, MA) are designed for applications such as heat exchange and process loops, where many hours of operation are required. The TSFR Pumps are AC-powered, have four speed selections, and are rated for continuous flow to 1,000 l/h (264gph).
Advance (Plymouth, MN) now offers battery and electric burnishers that meet requirements for sustainable cleaning equipment specified by LEED-EBOM, such as the Advolution 20BT battery burnisher and the Advolution 20XP electric burnisher. Both are available with active dust control, and operate at a sound level of less than 70 dBA.
Douglas K. Woods, AMT President McLean, Va. — AMT, The Association For Manufacturing Technology, applauds President Obama’s creation of a new post overseeing manufacturing policy. Ron Bloom was named Special Assistant to the President for Manufacturing Policy within the White House’s National Economic Council.