NEW YORK (AP) — Research in Motion Ltd.'s stock could fall over 3 percent over the next 12 months, said one analyst, as the company's line of BlackBerry smart phones continue to lose market share to phones running Google Inc.'s popular Android software. Kaufman Bros. analyst Shaw Wu maintained his "Hold" rating on the company, which suggests it will perform in line with similar companies over the coming year.
NEW YORK (AP) — Consumer products maker Fortune Brands Inc. plans to split into three separate companies, keeping its liquor business led by Jim Beam bourbon while shedding the businesses that make Titleist golf balls, Moen faucets and Master Locks. Fortune Brands said Wednesday it will focus on its spirits business which generates annual revenue of $2.
DES MOINES, Iowa (AP) — The president of an Iowa ready-mix concrete company has pleaded guilty in a price fixing case. The Justice Department says Chad Van Zee pleaded guilty on Monday in U.S District Court in Sioux City, and agreed to cooperate with the department's ongoing antitrust investigation.
LAGOS, Nigeria (AP) — Nigeria's anti-corruption agency on Tuesday charged former U.S. Vice President Dick Cheney over a bribery scheme involving oil services firm Halliburton Co. during the time he served as its top executive, a spokesman said. The charges stem from a case involving as much as $180 million allegedly paid in bribes to Nigerian officials, said Femi Babafemi, a spokesman for the Economic and Financial Crimes Commission.
COFFEEN, Ill. (AP) — A worksite in central Illinois has been cited by the federal government for willfully exposing workers to dangerous levels of hazardous dust without providing protective breathing equipment. The U.S. Occupational Safety and Health Administration said Tuesday it has cited U.
SAN FRANCISCO (AP) — The FBI says it recently issued an alert about a popular Barbie doll with a hidden video camera that could be used to produce child pornography, but stressed that the toy has not been linked with any reported crimes. FBI spokesman Steve Dupre said Tuesday the alert last month was meant only for law enforcement agencies to advise them not to overlook Mattel's "Barbie Video Girl" during any searches.
Large diameter shaft collars, which can be single point threaded to customer requirements, are now being offered by Stafford Manufacturing Corp. (North Reading, MA). The collars feature bore sizes up to 16” I.D, along with a variety of O.D. sizes. Customers can specify the collars to be threaded with bearing-, ACME-, stub ACME-, UNC/UNF-, and multi-start threads.
JLG Industries, Inc. (McConnellsburg, PA) has announced that it is re-launching its vertical mast lift, the T26E. The mast boom lift features a vertical telescopic mast with a jib that enables operators to reach above and around obstacles. The lift is ideal for plant maintenance applications, heating, HVAC, and workers in automotive plants, according to the company.
Force Control Industries (Fairfield, OH) has announced their Two Speed Drive for applications up to 30 HP that require a high turndown ratio, while maintaining high torque. The drive includes a brake motor with a low speed drive built-in, which provides precise low speed control with continuous high torque.
The exemption of small producers from the regulations contained within the Food Safety Modernization Act may ease the burden of an agency already spread too thin. Last week, the U.S. Senate passed the Food Safety Modernization Act, granting more regulatory authority to the FDA. The future of the bill is uncertain, as the senate’s inclusion of a fee structure to fund the bill deviates from parliamentary rules, and even if the congress is able to get the bill on track, it must return to the house to be reconciled with the original version passed there.
The food safety bill has cleared the Senate and is headed back to the House, but not without some changes. One amendment looks to exempt smaller producers from FDA regulation which, if kept in the legislation, will compromise the agency’s ability to ensure a completely safe U.S. food supply.
NEW YORK (AP) — Few companies were clobbered harder than Starbucks in the recession. The coffee chain with outposts on every corner came to represent all that was wrong with American businesses and shoppers: unchecked expansion, self-indulgence and mindless credit-card swiping. But now customers who swore off frivolous spending during the recession are lining up again for their $4 caffeine fix.
SAN FRANCISCO (AP) — The head of Google's Android mobile operating software says the search company "bit off a little more than we could chew" with the sale of the Nexus One, a smart phone Google began selling online early this year but then stopped offering after similar devices powered by Android hit the market.
LOUISVILLE, Kentucky (AP) — American families are ready to hitch up their trailers and tow the RV industry out of its worst stretch in nearly two decades. The industry was driven into the ditch last year by the Great Recession. Sales plunged, plants closed and thousands of jobs were cut as orders for recreational vehicles dropped to their worse level since 1991.
Sterling Heights, Mich. — Chrysler Group LLC celebrated the extension of production, the addition of a second shift and an $850 million investment at an event today at its Sterling Heights (Mich.) Assembly Plant. The celebration also marked the start of production of the all-new 2011 Chrysler 200 and Dodge Avenger.
CHICAGO (AP) — Boeing Co. puts a three-week hold on assembling new 787s. Boeing said on Monday that the hold began late last month. It says it is not asking the companies that make parts for the 787 to slow or stop production. The latest delay comes as Boeing deals with the aftermath of an electrical fire during a test flight last month.
DEARBORN, Mich. (AP) — Ford Motor Co. on Monday started high-volume production of its new Focus compact at its Saarlouis factory in Germany, the company said. Early U.S. production of the car is now under way at a factory near Detroit, with the Focus due in U.S. showrooms early next year. The car, designed in Europe for sale in 120 markets around the globe, will be built in mid-2011 in St.
It is no secret that 2010 was tough for a lot of manufacturing business owners. However, 2011 is setting up to be a year of growth for many businesses and there is no reason yours cannot be a part of that. There are some straight-forward but important steps that you can take to help reinvigorate your business’s performance and get it on track to achieve your long-term goals.
Aggressive investments in personnel and equipment, as well as proactive approaches to market trends, have helped Davisco build its cheese processing operations. “Float like a butterfly, sting like a bee,” is how boxing legend Muhammad Ali described his approach in the ring. And while neither family-owned Davisco Foods’ or their Lake Norden, South Dakota cheese factory are looking to pick a fight, parallels to this famous quote can be drawn in the way Davisco operates with extreme fluidity in making quick decisions that deliver a big impact for the company and customers like Kraft Foods.
Tracer Products (Westbury, NY) has unveiled the new Tracerline TP-8690 OPTIMAX 3000, which is a portable, blue light LED fluorescent leak detection flashlight. With a focused beam, the OPTIMAX 3000 makes finding air-conditioning and fluid leaks easier than ever. The super-hi-flux LED technology delivers 15 times brighter leak detection light over regular LED lamps.