NEW YORK (AP) — Auto parts supplier Delphi Automotive PLC filed for a $100 million initial public offering, following former owner General Motors Co. back to public ownership. It's the latest auto-industry company to seek out an IPO as auto sales recover from their plunge during the recession.
RICHMOND, Virginia (AP) — Cigarette maker Philip Morris International Inc. has purchased the rights to a technology that lets users inhale nicotine without smoking. The world's largest nongovernmental cigarette seller told The Associated Press on Thursday it has bought the patent for an aerosol nicotine-delivery system developed by Jed Rose, director of the Center for Nicotine and Smoking Cessation Research at Duke University in Durham,...
DETROIT (AP) — Honda's North American factories will return to near-normal production in August, the company said Thursday, much faster than expected following supply disruptions. The flow of auto parts was interrupted after Japanese factories were damaged by a huge earthquake and tsunami on March 11, or stricken by the power outages that followed.
ARLINGTON, Texas (AP) — General Motors Co. is adding 110 jobs to a Texas factory and investing $331 million to expand the plant to make full-size sport utility vehicles. The Arlington, Texas, factory will make Chevrolet Tahoes and Suburbans, GMC Yukons and Cadillac Escalades. The plant, which currently has 2,400 employees, opened in 1954 and was expanded in 2001 to 3.
H.J. Heinz Co.'s global expansion efforts are paying off, driving its fourth-quarter net income up 16 percent. But the world's biggest ketchup maker said it needs to raise prices and cut jobs to continue its profitable path. The company, based in Pittburgh, announced Thursday that it will shed up to 1,000 jobs globally in fiscal 2012 as it closes five factories.
Andrew Ng, of Stanford University, has long been trying to solve the complex problem of enabling robots to complement human life. According to him, robots have all the mechanical aptitude needed for any task currently done by a human — and at times, with more efficiency — but they fail when it comes to software.
Dynabrade, Inc. (Clarence, NY) has introduced a new series of air-powered Vacuum Disc Sanders, which allows for efficient coatings removal with the capture of the actual contaminants to the vacuum source. The new tool line features 2”, 3”, 5”, and 7” sanders for smooth operation, while the Vacuum Shroud diverts dust and debris.
Spartan Peripheral Devices (Vaudreuil, QC, Canada) is selling the ME4840 and ME4940 Spring Return Modulating Actuator with a wider input signal range. They are not on-board selectable with a Jumper J3 selectable range from: 0-10Vdc 2-10Vdc 0-5Vdc 5-10Vdc 4-20mA Users can choose from Spring Open or Spring Closed models with direct or reverse control action.
DuraLabel (Portland, OR) has launched a new portable, fully-integrated label printing system called Toro, which combines a full-sized flip-down keyboard, tilting touchscreen, and OSHA-ANSI compliance software, and a thermal-transfer printer. According to the company, the Toro does not need IT support or connectivity to a computer.
Panasonic Solutions Company (Secaucus, NJ) has announced a series of upgrades to its Toughbook 31 rugged laptops. The devices now feature Intel Core i5 and i3 processors, increased RAM and hard drive capacity, and up to 20 hours of battery life. The devices have been certified to meet nineteen MIL-STD-810G tests, including shock, drop, vibration, and extreme temperature, and has an IP65 rating for protection from water and dust.
The Revvo Caster Company, Inc. (West Seneca, NY) has announced two new Towcaster swivel caster sets for moving ISO freight containers quickly without expensive equipment, such as cranes, gantries, or side-loading forks. The Towcasters are now available as a set of four swivel casters for optimum mobility.
The Stainless Steel Arbor Shims from Precision Brand Products, Inc. (Downers Grove, IL) are available in 18 thicknesses in 12 different I.D/O.D. combinations. The shims are corrosion-resistant and can be used for fast, accurate spacing of milling cutters, gang cutters, saws, slitting blades and grinding tools.
NKE (Clifton Park, NY) is introducing bearing solutions for industrial gearboxes with spherical roller and taper roller bearings, along with angular contact and deep groove ball bearings. The roller bearings are offered in more than 3,000 different designs and versions, suitable for high radial loads and moderate-to-high speeds.
Hayward Flow Control (Clemmons, NC) has developed the new large-diameter TB Series True Union Ball Valve, which incorporates an actuation mounting pad, per ISO 5211, and an integral panel mount foot pad. Sizes range from 2-1/2” to 6”, and materials include PVC and CPVC. Additional features include: A pressure rating of 235 psi non-shock and a full-port design.
I’ve been a die-hard sports fan all my life. As I’ve grown and matured over the years, my highly-emotional, rabid fandom has evolved into something more statistically-oriented and analytical in nature. But that also means I have less and less tolerance for coaches and executives who don’t look at sports the same way.
Recent economic news might be the first signs of light at the end of this three year tunnel for the manufacturing industry, as positive momentum is gathering around jobs data. Certainly a welcome indicator as the sector still struggles under the weight of a recession that saw manufacturing profits after tax collapse to the tune of 40 percent from 2007 to 2008, according to the US Census Bureau.
PALO ALTO, California (AP) — Electric car maker Tesla Motors Inc. says it plans to raise up to $214.3 million by selling common stock. A portion of the proceeds will be used to develop a crossover vehicle. Tesla plans to sell 5.3 million shares to the public, and up to 795,000 more to the underwriter, at $26 each, according to a regulatory filing.
MIDDLETON, Mass. (AP) — An internal investigation has determined that an explosion at a Middleton chemical plant that sent four workers to the hospital was caused when two valves were left open, allowing a building to fill with flammable vapors that were ignited by an internal ignition source.
CAPE CANAVERAL, Fla. (AP) — A spacewalking astronaut got soap in his eye and almost had to retreat into the safety of the International Space Station on Wednesday. Andrew Feustel said it stung "like crazy." But several minutes later, he said he was feeling better and the third spacewalk of shuttle Endeavour's final voyage continued as planned for about seven hours.
MOUNTAIN VIEW, Calif. (AP) — Google Inc. is throwing another $55 million to the wind. The Mountain View, Calif.-based Internet search giant is partnering with Citigroup Inc. to help finance the Alta Wind Energy Center wind farm in California's Tehachapi Mountains. Google has been investing hundreds of millions in wind energy as it seeks reliable new ways to power its massive server farms, or data centers, which are notorious power hogs.