Apple is on a path to overtake Exxon as the largest company by market capitalization, and it's a strong — and troubling — signal that the market is no longer placing as high of a value on industrial companies that depend on traditional manufacturing, business spending, or natural resources for revenue.
DETROIT (AP) — If you're holding out for a bargain on a car, you could be rewarded this month or next. Automakers are more likely to offer promotions on certain makes and models — particularly luxury cars, SUVs and trucks — to clear out their older models and improve their year-end numbers.
NEWARK, New Jersey (AP) — The Girl Scouts of the USA announced Monday its uniforms will continue to be made in America following a public uproar over reports it was considering bids from China or other overseasmanufacturers. The owners of a family-run Passaic, New Jersey, factory that has been the main supplier of Girl Scout uniforms and sashes for years were told recently that the organization would be seeking bids for the job — including from a company in China.
DETROIT (AP) — The sale of General Motors stock is expected to raise about $10 billion in an initial public offering that will reduce the U.S. government's stake in the automaker below 50 percent, three people briefed on the sale said Monday. GM common stock is expected to sell for between $26 and $29 a share when the IPO takes place around Nov.
NEW YORK (AP) — Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth, but hefty charges related to that $68 billion purchase dragged its profit down 70 percent. The New York-based maker of cholesterol blockbuster Lipitor and impotence pill Viagra says net income was $866 million, or 11 cents per share.
SALT LAKE CITY (AP) — Authorities say 12 workers were hurt when a steam pipe burst at the University of Utah and sprayed scalding water on subcontractors in an underground utility vault. Fire Capt. Michael Harp told The Associated Press the men were blasted by 380-degree steam that erupted from the end of a pipe opened Monday during upgrade work.
LONDON (AP) — BP PLC says the cost of the devastating Gulf of Mexico oil spill has grown to $40 billion, dragging down its third quarter net profit by more than 60 percent despite higher oil and gas prices. The London-based company said Tuesday it returned to profit for the first time since the April spill, though the $1.
Heimatec (Prospect Heights, IL) has announced its newest development, a flexible tool adapter system that allows a standard ER output live tool to accept various adapters for different applications. This allows users the ability to have quick changeover of tools on almost any lathe, using a single live tool, according to the company.
The AQ200 from E Instruments (Langhorne, PA) is a multi-functional, hand-held, and accurate indoor air quality monitor. The AQ200 has a CO2 sensor (0 - 5,000ppm), a CO sensor (0 – 1,000ppm), and can detect ambient temperatures from (-4 to 176°F), atmospheric air pressure, and humidity.
For life-threatening high voltage applications where over-torque conditions are not tolerated, Mountz Inc. (San Jose, CA) offers insulated torque wrenches. Designed with non-conductive plastic insulation, the torque wrenches provide operators with safety from product failure due to shorting, arcing, or other electrical damage.
Omega Engineering (Stamford, CT) has introduced their long-distance industrial wireless transmitters and receivers — the UWXL series — that are designed for a variety of applications, including temperature, infrared temperature, relative humidity, process transducers, as well as pH.
Last week, the mainstream media announced the “retirement” of Sony’s cassette Walkman. After 30 years, the world’s first low-cost portable music player would cease manufacturing and distribution. I have to admit, the announcement evoked a quick wave of nostalgia, even though this was a product I never actually owned.
When it comes to understanding pneumatic conveying systems, entire books have been written and many white papers published with diagrams and complicated equations to explain how the process works. It could be said that designing a pneumatic conveying systems is like operating a sailboat.
WASHINGTON (AP) — In these angry political times, Democrats and Republicans agree on next to nothing. China is one exception. Democrats and Republicans alike are accusing each other of cozying up to Beijing and backing policies that send U.S. jobs and IOUs to the world's second-largest economy.
NEW YORK (AP) — Apple is suing Motorola for infringing on patents related to its smart phones. Apple Inc. said in a filing on Friday that Motorola's Droid, Cliq, BackFlip and other phones violate its patents related to the iPhone's touch screen and user interface. Apple says it wants Motorola Inc.
SEATTLE (AP) — They cost clothing chain Abercrombie & Fitch $1 million in fines, tripped up Meg Whitman's campaign for California governor, prompted mass layoffs across the country and have been at the center of countless other workplace immigration disputes. An obscure federal document called the I-9 form has emerged as a contentious element in the national immigration debate since the Obama administration vowed to go after employers who hire undocumented workers.
TUPELO, Miss. (AP) — A Toyota supplier in north Mississippi is taking applications for about 300 jobs at its Baldwyn facility. The job listings for Auto Parts Manufacturing Mississippi were posted on the Mississippi Department of Employment Security website Thursday. The company is looking for about 250 hourly workers and 50 supervisors that will work on salary.
DETROIT (AP) — Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is going out of business on Sunday. The 84-year-old brand, moribund since General Motors decided to kill it last year as it collapsed into bankruptcy, had been in decline for years.
WASHINGTON (AP) — The manufacturing sector likely grew in October for the 15th straight month, but at the slowest pace in almost a year. Economists expect that the Institute for Supply Management's index of manufacturing activity will drop to 54, according to a survey from Thomson Reuters, from 54.
The universal dolly, designed to carry both pad- and pole-mounted transformers, from Tiiger, Inc. (Mt. Juliet, TN) uses a unique three-wheel design to provide a stable load platform that can be easily repositioned for loading and unloading. The high-yield steel construction and low-pressure turf tires allow the system to carry transformers up to 1,000 pounds.