TOKYO (AP) — Japan confirmed Monday that China's economy surpassed its own as the world's second largest in 2010 and said a late-year downturn was its first quarterly contraction in more than a year. Japan's economy expanded 3.9 percent in the calendar year in the first annual growth in three years.
DETROIT (AP) — General Motors Co. will pay more than $189 million in profit-sharing to 48,000 U.S. hourly workers and millions more in performance bonuses to salaried employees, according to a person briefed on the matter. The company, less than two years out of bankruptcy protection, will pay most hourly workers more than $4,000 each as compensation for the company's strong financial performance last year, the person said.
Muskegon, Michigan — Reid Supply Company has an exhaustive catalogue of industrial supplies, but no supplier can carry every conceivable piece of industrial equipment down to the individual component. This is why Reid Supply announces its own state-of-the-art precision tool components and machining company to create industrial products on demand for clients, via their sister company Total Quality Machining (TQM).
The Full Stroke PTFE Diaphragm from Wilden (Grand Terrace, CA) can be used on all of the company’s AODD pump lines. They offer considerable suction capability, along with increased flow, and are designed to withstand common steam sterilization temperatures. According to the company, they fully comply with FDA material compatability requirements.
The Dyna-Purge Division of Schuman Plastics, Inc. (Depew, NY) has introduced the improved Dyna-Purge M, which is a non-abrasive, non-chemical engineered thermoplastic purging compound. It is formulated to flow naturally through the barrel and hot runner system of an injection molding machine, as well as extrusion equipment.
Casella USA (Amherst, NH) is offering a cost-effective alternative to traditional light measurement devices with its new Digital Light Meter. The tool is designed to help facility managers measure and maintain safe light levels by displaying results in either Lux units (200,000 max) or foot-candles (20,000 max).
MISUMI USA, Inc. (Schaumburg, IL) has introduced a new line of One-Way Clutches, which are designed to operate on the end of a shaft. They feature ball bearings on both ends of the clutch to provide support for radial loads. The clutch allows for free spinning in one direction, while locking in the other direction, to prevent reverse rotation.
Introduction Tompkins Supply Chain Consortium defines “uncertainty” as the level of knowledge of the past and current conditions that allows one to describe the existing state and predict a future outcome. Anyone who claims to have a clear picture of the past and current state and thinks they can predict the future is wrong.
Whether it’s because you want to shift from a decentralized logistics network to a centralized one, improve your company’s operations to become more cost-efficient on an international level, create profit centers for your chosen carriers that will result in significant rate discounts — or all of the above — when you decide it is in your company’s best interest to change or consolidate carriers, there are seven critical steps you will need to take to make sure that the process comes off without a hitch.
WASHINGTON (AP) — The trade deficit widened in December as rising oil prices pushed the value of imports up faster than U.S. exports. The deficit increased 5.9 percent in December to $40.6 billion, the Commerce Department reported Friday. U.S. exports of goods and services rose to $163 billion, a 1.
DETROIT (AP) — Most of the 26,000 white-collar workers at General Motors Co. will get performance bonuses of 4 to 16 percent of their base salaries this year, but payments to a small number could be 50 percent or more, the company confirmed late Thursday. Chrysler Group LLC also will give bonuses to white-collar workers, with payments expected on Friday.
MINNEAPOLIS (AP) — Food industry workers who become whistleblowers gained protection against retaliation from their employers with a little-noticed provision in the sweeping food safety law President Barack Obama signed last month. The Food Safety and Modernization Act is best known for sections that aim to prevent foodborne illnesses, allow the Food and Drug Administration to order recalls and make it easier to trace contaminated food to its source.
DETROIT (AP) — Car buyers usually have to pay a premium of $5,000 or more for the hybrid version of a car. So when Ford Motor Co.'s Lincoln MKZ hybrid went on sale last fall for the same price as the gas version, it became a test case for hybrid demand. The verdict: More people will choose the hybrid when price isn't a factor, but not too many more.
BEIJING (AP) — Hackers operating from China stole sensitive information from Western oil companies, a U.S. security firm reported Thursday, adding to complaints about pervasive Internet crime traced to the country. The report by McAfee Inc. did not identify the companies but said the "coordinated, covert and targeted" attacks began in November 2009 and targeted computers of oil and gas companies in the United States, Taiwan, Greece and Kazakhstan.
AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. reported Thursday its revenue rose 14 percent in the fourth quarter but it lost $177 million as it absorbed costs for its planned closure of a plant in Union City, Tenn. Its adjusted earnings and revenue beat Wall Street expectations, and shares surged $1.
AutomationDirect (Cumming, GA) has expanded its Hammond line of HPS Fortress commercial encapsulated power transformers. The single-phase units are now available in 100VA to 25kVA ratings and input voltages ranges of 120VAC to 480VAC. They are encapsulated with electrical-grade silica sand and resin compounds to protect the core and coils, which seals out moisture and airborne contaminants.
The new magnetic KPI whiteboards from Magnatag (Macedon, NY) help managers tell employees that “things get done” when they display key performance metrics. According to the company, these whiteboards can help increase productivity, or can be used as an essential component of a company’s Lean program.
The RIDGID (Elyria, OH) KJ-3100 water jetter offers professional power to clear blockages in 2” to 10” diameter drains with a full 3,000-psi working pressure, and a 5.5 gallon-per-minute flow. The KJ-3100 jetter allows the user to reach remote or resisted-access drains easily. The system is mounted on a heavy-duty, two-wheeled cart that fits through standard doors and negotiates tight turns, and the design allows the user to refuel without removing the reel.
Omega Engineering, Inc. (Stamford, CT) now offers the CS series of process control modules, which give you PID loop control of any process, all without using a PLC. A variety of modules allow for control of temperature, flow, and pressure, while the single- and dual-loop temperature models provide ramp-and-soak controls.
The multiple factors considered in creating production schedules to meet customer service levels, while managing inventory, pointed to the need for a finite capacity scheduling system for one food manufacturer. Oberto Sausage Company is a family owned business that offers a complete portfolio of meat snacks, refrigerated sausage, and deli products for 89 years.