LONDON (AP) — BP's much-criticized CEO Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill. BP said the decision to replace Hayward, 53, with the company's first ever non-British chief executive was made by mutual agreement.
NEW YORK (AP) — Chemical maker DuPont Co. said Tuesday its net income nearly tripled in the second quarter as revenue surged in most of its businesses and it raised prices. The Wilmington, Del., company also raised its earnings forecast for the year, saying it expects to continue to benefit from higher prices, growing sales and better efficiency.
NEW YORK (AP) — United States Steel Corp. on Tuesday posted a second-quarter loss, although it was far smaller than a year ago as sales more than doubled. The company said the results indicate "a sharp turnaround" from last year, but it sees some hurdles ahead. US Steel expects to post a third-quarter profit, but the Pittsburgh company said operating results will fall from the second quarter because of declines in orders from spot market customers.
TAIPEI, Taiwan (AP) — Foxconn Technology Group temporarily shut down a plant in India on Monday after some 250 workers became sick, possibly from a pesticide sprayed at the facility. The Chennai, India, plant could end up suspending operations for about a week to address whatever caused the sickness, the company said in a statement.
CENTRAL ISLIP, N.Y. (AP) — Two former top executives of the nation's leading supplier of body armor to the U.S. military shared a limitless appetite to steal from the company and cover up their wrongdoing, a federal prosecutor said Monday in closing arguments at the pair's fraud and insider trading trial.
WEBSTER CITY, Iowa (AP) — A manufacturing company said Monday it plans to build electric cars in Webster City, a project that officials said will create up to 300 new jobs in the north-central Iowa community. Webster City and AMS Inc., a new division of Eagle Manufacturing, jointly announced the signing of a contract with Envision Motor Company, of Ames.
Ford announced the all-new Explorer on Tuesday, which represents a major break from the old way of thinking about SUVs — hulking and gas-guzzling. The new vehicle is built on a car platform, not a truck's, and eschews the V-8 option for a more fuel-efficient V-6. In the wake of the announcement, MSNBC anchors take Ford CEO Alan Mullaly to task over fuel efficiency, Ford's part in the recovery of American automaking, and the difficulty of making and selling SUVs in a world where energy independence is so critical.
Anchor Warehouse Services is a commercial cold storage provider serving growers in California’s lush Central Valley. Anchor provides pre-cooling and SO2 gassing services to maintain the optimum quality of all types of perishable produce including avocadoes, kiwis, and quinces as well as large quantities of table grapes and citrus.
My father was the type of person who could make a customer service agent cry. He would argue his case with manager after manager until he found someone who could do what he wanted. It didn’t matter if a sale ended months ago; we always got the sale price. When I got my first car, the dealership actually lost money on the sale.
The Paul N. Gardner Company, Inc. (Gardco — Pompano Beach, FL) developed the MiniTest 70 Series for quick and easy non-destruction coating thickness measurement. It is available in two models: The MiniTest 70 F, with a built-in sensor for measuring non-magnetic coatings applied on steel.
Martin Sprocket (Arlington, TX) offers products designed to regulate the rate of material flow from a hopper or bin. The company has uniform diameter screws, tapering diameter screws, variable diameter or variable pitch screws, and more. For fine free-flowing materials, the company suggests the uniform diameter screws; for material with lumps and dead space in flow, a tapering diameter screw can be used.
Bunting Magnetics Co. (Newton, KS) has expanded the inventory of products now available online, including bonded neodymium, sintered neodymium, samarium cobalt, alnico, and ceramic magnet product lines. More size and shape options for block, disc, plug, and ring styles of magnets are now offered.
Dorner Manufacturing (Hartland, WI) announced the 2300 and 5300 Series conveyors, part of the DustPruf family of conveyors. They feature SmartSlot technology designed into the frame, which provides all the integration and add-on capabilities of a T-slot without collecting contaminants or debris.
The Easy-Load rotary bag hanger system from Material Transfer (Allegan, MI) brings all the bag strap connection points directly in front of the operator for easy access. The bag is automatically inflated, filled by weight to a programmed set point, and densified. Once the fill cycle is complete, the bag inlet spout and straps release, the fill head raises, and the filled bag is automatically moved out of the station.
Supercritical Fluid Technologies, Inc. (Newark, DE) developed the SFT-100XW Supercritical Fluid Extraction (SFE) system, which was developed to apply supercritical fluid techniques to various processing challenges. Dual sapphire syringe pump technology accurately pressurizes the SFT-100XW stainless steel vessel, which is capable of containing supercritical fluids and pressures up to 10,000 psi.
IPG (Brandenton, FL) has developed the Genesys OXO-Biodegradable High Performance Machine Film, which is a light-gauge cast film available in 50, 63, of 75 gauge thicknesses. Genesys is designed for use on automated stretch wrapping equipment. The films biodegrade much more quickly than standard stretch films when exposed to oxygen and sunlight, leaving no harmful by-products or impact on the environment.
Detcon’s (The Woodlands, TX) condulet enclosures are designed to house a wide range of instruments used to detect, monitor, measure, and control gases within hazardous areas. The Aluminum J-Box has a 4.25” internal diameter, the 316SS J-Box has a 3.5” internal diameter, and the Mini 316SS J-Box as a 2.
LENOX, Mass. (AP) — Once a dumping ground for chemicals, a stretch of the Housatonic River that winds near this Berkshires hamlet is being scoured in a lengthy, expensive cleanup. Now, dredging other parts of the riverbed is under consideration, but the fishers, bird watchers and swimmers who would benefit are wondering how much effort is too much.
NEW YORK (AP) — The auto industry calls it range anxiety: Drivers want electric cars but worry they won't have enough juice to make long trips. After all, what good is going green if you get stranded with a dead battery? It's a fear that automakers must overcome as they push to sell more battery-powered cars.
CONSHOHOKEN, Pa. (AP) — As the region stumbles around in a recession hangover, Dean Jerrehian is an odd assemblage of calm, cheerfulness, and optimism for a guy making a living in one of the economy's hardest-hit sectors — manufacturing. He credits yoga. No, not his practice of it, though he does an impressive downward dog.