DEARBORN, Mich. (AP) — Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company. The results disappointed Wall Street, however, and Ford's stock price fell 6 percent to $17.73 in premarket trading. The reaction hinted at the difficulties the company still faces, even though it's remade itself in recent years.
CLEVELAND – BDI recently announced the acquisition of Gopher Bearing Company’s St. Paul and Winona, Minnesota locations, effective January 1, 2011. Gopher Bearing Company has served businesses in the Twins Cities area since 1946. St. Paul-based Gopher Bearing, a division of BDI, will provide enhanced support and solutions to customers in the Twin Cities.
An American company seeking to make headway in the foreign-dominated electric car battery industry will be in the spotlight Wednesday when Vice President Joe Biden visits its plant in central Indiana. Biden will be in Greenfield, about 25 miles east of Indianapolis, to visit an Ener1 Inc.
WASHINGTON (AP) — President Barack Obama's call to lower corporate tax rates is popular among business leaders and lawmakers from both parties. That support, however, won't be easy to maintain if the president ever gets specific about how to pay for the lower taxes. Obama said in his State of the Union address that he wants to close corporate tax loopholes and use the additional revenue to lower corporate tax rates for the first time in 25 years — without adding to the budget deficit.
SAN FRANCISCO (AP) — Google Inc. plans to hire more than 6,200 workers this year — boosting its work force by at least a quarter — in the biggest expansion yet by the Internet's most profitable company. The hiring spree comes as President Barack Obama emphasized the need for more jobs during his State of the Union address Tuesday night.
ROSCOE, Ill. (AP) — There's some good economic news on the horizon for the northern Illinois community of Roscoe. The Rockford Register Star reports that American Aluminum Extrusions Co. intends to open a plant in Roscoe that will create 130 jobs by 2013. Village President Dave Krienke says the Beloit, Wis.
DAVOS, Switzerland (AP) — It may be time to stop referring to China, the world's second-biggest economy after the U.S., as an emerging nation and focus on creating jobs now that the global recovery appears to have gotten a toehold. That's what top business leaders, politicians and social activists discussed, among other issues, on the first day of the World Economic Forum on Wednesday.
SEATTLE (AP) — Boeing Co. won a $1.6 billion to build the P-8A Poseidon aircraft for the U.S. Navy. The company said Tuesday the contract calls for the delivery of six of the aircraft, along with spares, logistics and training devices. Boeing said the Navy ultimately plans to buy 117 of the 737-based aircraft, which are used for anti-submarine warfare, anti-surface warfare, intelligence, and surveillance.
TOKYO (AP) — Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market. Toyota's latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where the world's No.
Ever since I can remember, I’ve enjoyed cooking. There is something about dancing around the kitchen with a glass of wine, listening to jazz and testing the limits of my mind’s intuition for spices. I’ve heard it said that being a cook is one of those ‘either ya got it or ya don’t’ kind of things, and I tend to agree.
MISUMI USA , Inc. (Schaumburg, IL), a subsidiary of MISUMI Corporation, part of MISUMI Group, Inc. , is pleased to kick off 2011 with a special promotional offer to first-time purchasers of products from the company’s new 2011 Metric Components e-Catalog. Patrick Esposito, Marketing Manager for MISUMI USA, Inc.
Hyster Company (Greenville, NC) has unveiled its next generation of tough and durable electric lift trucks with the E30-40XN series. They deliver lifting capacities of 3,000 to 4,000 pounds. By using AC motors and transistor controller technology for both the traction and hydraulic systems, the cost of maintenance is reduced, according to the company.
Ossid (Rocky Mount, NC) manufactures the CS100 case scale, which is an NTEP-certified case scale that offers a range of real-time data management and data communications. Key features of the CS100 include: A Microsoft SQL database for seamless data integration and data transfers.
The Holley Transfer Pipe from Kochek Company (Putnam, CT) can efficiently move water from dump tanks to drafting tanks, replacing lower volume, more complicated, and labor-intensive methods of transferring water. The “all-in-one” system requires no assembly, with an integrated intake hole, a jet siphon port, a support bracket, and a handle for easy transport.
Omega Engineering, Inc. (Stamford, CT) is offering a new digital hydraulic tester, which is compact, lightweight, and self-contained. The tool is designed for fast diagnostic troubleshooting of all types of mobile or stationary hydraulic systems components, and it makes all flow pressure and temperature measurements simultaneously from one point.
How important the need is for PLM in downstream processes? It is well known that getting a product to market quickly is critical to a company’s success. There are many steps involved in this process and manufacturers need to continuously find areas to improve upon in order to meet their product goals.
Ultimate Factories , via the National Geographic Channel, visits Pierce Manufacturing's Appleton, Wis. facility to see how their high-tech and heavy-duty fire trucks are built. The factory is 800,000 square feet of production on a massive scale, where over 1,500 highly-skilled workers build the life-saving tools that our fire departments depend on.
ROCHESTER, N.Y. (AP) — Eastman Kodak Co. lost a crucial opening round Monday in a high-stakes patent dispute over whether iPhones and BlackBerry camera phones infringe on its digital-imaging technology. The U.S. International Trade Commission in Washington said in a preliminary ruling that Apple Inc.
BEIJING (AP) — An official Chinese newspaper on Tuesday dismissed a report that the country used technology taken from a downed U.S. airplane in its own stealth fighter program. Chinese officials this month staged the first-known test flight of the J-20 prototype stealth fighter that could one day challenge American air superiority.
3M profit dips in 4Q, lifts forecast for 2011 NEW YORK (AP) — 3M Co. on Tuesday raised its profit expectations for the new year, saying research and investments in new products are paying off. 3M said net income dipped slightly in the last quarter of 2010 because of higher costs.