NEW YORK (AP) — Pfizer Inc., the world's largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash. Pfizer is paying $14.25 per share for King. That's a premium of 40 percent to the stock's Monday closing price of $10.
SPRINGFIELD, Ill. (AP) — Illinois officials are announcing an investment package they say will retain 1,400 jobs at a western Illinois pork-processing plant. The Department of Commerce and Economic Opportunity will administer an $8.8 million investment package for Farmland Foods in Monmouth.
FORT SMITH, Ark. (AP) — Trane Inc. says 109 hourly workers have been laid off from the company's air conditioning manufacturing plant. The Arkansas Democrat-Gazette reported that Trane officials on Monday confirmed the layoffs were made Friday as part of a restructuring that was announced in February.
SHANGHAI (AP) — China's auto sales slowed further in September as a boom fueled by tax breaks and subsidies faded. Official figures for the month, delayed by a weeklong national holiday, showed total sales rising 17 percent from a year earlier to 1.56 million vehicles, down from 18 percent in August, the China Association of Automobile Manufacturers reported Tuesday.
SAN FRANCISCO (AP) — Hewlett-Packard Co.'s new CEO will start his job in a courtroom — and in the crosshairs of HP's new antagonist, Oracle Corp. Court documents show that Leo Apotheker is being called as a witness in Oracle's corporate espionage trial against rival SAP AG, Apotheker's employer of more than 20 years.
TOKYO (AP) — Japanese industrial conglomerate Marubeni said Tuesday it is joining Google Inc. and two other companies to build an undersea power cable that would link wind power plants off the U.S. Atlantic coast. The project involves connecting wind farms to be built off the coasts of New Jersey, Delaware, Maryland and Virginia with inland power networks in the four states, Marubeni Corp.
The TransferLine — a flexible, individually-adaptable modular system that can handle up to 15 processing stations — is available from Schleuninger (Manchester, NH). The mechanical, pneumatic, and electrical interfaces are designed to accommodate quick and simple retrofitting and installation of add-on modules.
Penn Stainless Products (Quakertown, PA) has expanded its inventory to include large-diameter sizes of round bar through 22” diameter (in 304/L) and through 24” diameter (in 316/L). The materials conform to ASTM A479 and ASTM A182, and the addition allows the company to be the only stainless center that stocks 304/L and 316/L in their largest sizes.
The Parker Hannifin Corporation (Marysville, OH) announces the PV360, a new addition to the PV plus axial pistol pump family. The PV360 is a variable displacement, 360 cc/rev pump, which can handle industrial applications with operating pressures to 5,000 psi. According to the company, the PV360 is best suited for cranes and lifting equipment, presses, metal forming machines, hydraulic power units (HPUs), and more.
Stanley VIRAX (Conyers, GA) has redesigned its industrial pressing tool — the P22+ — to make it easier to use and maintain. In addition, it uses industry-standard press fittings to make solder-less joints in copper, stainless steel, and PEX tubing. The new version has lost two pounds in weight compared to its predecessor, while a redesigned housing offers an ergonomic pistol grip, a sleek profile, and enhanced resistance to drops and shocks.
Known as the pioneer that perfected potato dehydration, Basic American Foods is the foodservice source for unique, convenient potato and bean products. From the restaurant operator to the household consumer, Basic American Foods provides a variety of innovative products. In the mid-fifties, Basic American Foods established a potato processing plant in Blackfoot, Idaho, where the first instant potato product that could be rehydrated with boiling water was developed.
The foundation of becoming a theoretical powerhouse is to understand what it is to “know” something. Since I was child I have read science fantasy books, as did many a young man in a generation born to the awakening of electronics, rocketry, and the atomic era. But my earliest recollections are the adventures of Tom Swift Jr.
NEW BERLIN, Wis. (AP) — A Danish firm's expansion is giving Wisconsin another player in the manufacturing sector geared toward alternative energy. Avanti Wind has been in operation here for several years, making service lifts used by technicians who inspect and repair wind turbines and need to scale the turbines' tall towers.
NEW YORK (AP) — Toyota plans to roll out two new cars under the Prius name by next year, according to a dealer briefed on the plans, as the automaker seeks to turn its popular hybrid into a family of vehicles. The Japanese automaker will begin selling a Prius station wagon starting next summer as either a 2011 or 2012 model, said Adam Lee, president of the Lee Auto Malls chain of dealerships in Maine.
WASHINGTON (AP) — Mercedes-Benz is recalling about 85,000 of its 2010 and 2011 cars because of potential steering problems. The luxury automaker said in a report to federal regulators that the steering systems in the cars "may fail due to the loss of power steering fluid." Mercedes-Benz said that if that happens, drivers "may not have sufficient control of the vehicle .
WASHINGTON (AP) — Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says. The goal is to "help prevent traffic accidents, free up people's time and reduce carbon emissions" through ride sharing and "the new 'highway trains of tomorrow,'" project leader Sebastian Thrun wrote Saturday on Google's corporate blog.
KOLONTAR, Hungary (AP) — The owners of the metals plant whose reservoir burst, flooding several towns in western Hungary with caustic red sludge, expressed their condolences Sunday to the families of the seven people killed, as well as to those injured — and said they were sorry for not having done so sooner.
WASHINGTON (AP) — The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them. They're running into a trend that took root during the recession. Companies became more productive by doing more with fewer workers.
The Cynch-Lok fall restriction pole strap from Capital Safety’s (Red Wing, MN) DBI-SALA line uses a unique design that will “cynch” around a pole to limit fall distances when used correctly. The system also offers slide-in-place adjustment to fit the pole and allows climbers to adjust to the pole diameter while climbing, while the strap maximizes versatility by eliminating the need for multiple devices.
Cornerstone Specialty Wood Products, LLC (Cincinnati, OH) offers the ResinDek, which is made for mezzanine flooring or remodeling of work platforms. The flooring is engineered to withstand up to 8,000 pounds, making it an alternative to concrete. According to the company, users can save a significant amount of money over other flooring solutions.