NEW YORK (AP) — Tesla Motors Inc. begins selling stock to the public on Tuesday. The sale's success depends on how much investors are willing to bet on a car company that has never made a profit, sells a single vehicle and expects to lose money until at least 2012. As for the car, it's electric — a kind of vehicle Americans have shown almost no appetite for — and it's very pricey.
ST. LOUIS (AP) — Boeing workers in St. Louis have accepted a contract with the plane manufacturer, avoiding a strike that would have gone into effect Monday if the deal had been rejected. The International Association of Machinists and Aerospace Workers said the contract passed Sunday by a vote of 1,237 to 838.
Tel-Tru Manufacturing Company (Rochester, NY) expands its Silicon Glass Fused Sensor Series of pressure transmitters, which are designed to operate safely in hazardous areas. The Tel-Tru P612 and P622 are intrinsically safe certified to Class I, Div. 1, Groups A, B, C, and D when used with approved zener barrier systems.
WEG Electric Corp. (Atlanta, GA) adds two new energy-efficient motors to its line: the Quattro and W22 Super Premium. The Quattro is a line-start permanent magnet motor that is more efficient than NEMA Premium efficiency induction motors. The motor operates at synchronous speed regardless of the load, and has the same frame size as an induction motor.
Professional Systems Associates (Panama City, FL) has developed the Process Workflow Engine (PWE) for its CMPRO software suite, which makes it easier to bring a company’s processes into the workflow of its product lifecycle management (PLM) activities. The new PWE can use conditional logic to control the workflow between steps and processes.
The TECAFORM AH ID polyoxymethylene copolymer from Ensinger (Washington, PA) contains an additive that makes it easily and quickly detected by metal detectors if broken pieces from machinery contaminate the product during processing. The TECAFORM AH ID provides security against contamination, and its resistance to chemicals and cleaning agents makes it ideal for use in food production of all kinds.
Although the health care reform bill was signed months ago, everyone seems to still be riffling through the pages trying to figure out what it means and where it’s probably gone wrong. Earlier this month the AP reported that medical device manufacturers are “bristling” over a stipulation in the health care law that would add a tax of 2.
The Chemical Safety Board (CSB) reports that the sugar industry, in particular, has had a long love affair with both combustible dust and lackadaisical housekeeping methods. In fact, this trend dates as far back as 1925. In a 2006 study, the CSB identified 281 combustible dust fires and explosions between 1980 and 2005 that claimed 119 workers’ lives and injured 718.
DENVER (AP) — Colorado and 32 other states will share a $173 million antitrust settlement with computer chip makers. Attorney General John Suthers said Thursday the states have settled a lawsuit accusing six manufacturers of artificially pushing up the price of dynamic random access memory chips, or DRAM chips.
FORT WASHINGTON, Pa. (AP) — Johnson & Johnson said Thursday it will probably not have supplies for some 40 varieties of medications recalled earlier this year until at least 2011, after closing a key manufacturing site. In late April, J&J's McNeil unit recalled a variety of children's and adult over-the-counter medicines due to numerous manufacturing problems at its Fort Washington, Pa.
BOISE, Idaho (AP) — A company formed by Boise-based Micron Technology Inc. and Origin Energy of Australia says it plans to start making extremely thin but highly efficient solar cells that will be available next year. Transform Solar officials say the so-called sliver solar cells will be made at a plant in Boise where Micron once made computer chips, and the cells will be combined into solar panels at another plant owned by Micron in Nampa.
SAN FRANCISCO (AP) — In a tongue-in-cheek call for immigration reform, farm workers are teaming up with comedian Stephen Colbert in a challenge to unemployed Americans: Come on, take our jobs. Farm workers are tired of being blamed by politicians and anti-immigrant activists for taking work that should go to Americans and dragging down the economy, said Arturo Rodriguez, the president of the United Farm Workers of America.
EVANSVILLE, Ind. (AP) — The Whirlpool Corp. plant in Evansville that has been the site of protests over its closure is producing its final refrigerators. The plant's production line is shutting down Friday, meaning the loss of some 600 jobs. About 450 other workers were laid off in March when Whirlpool ended its second production shift.
SEATTLE (AP) — Boeing Co. says it inspecting all of its 787 jets because after finding that some have improperly installed parts in a section of the tail. In a statement late Thursday Boeing says it had "identified a workmanship issue" with the horizontal tail, also called a stabilizer. Shims and fasteners weren't installed correctly, the aircraft maker said.
NEW YORK (AP) — The number of CEOs planning to ramp up hiring is at the highest level since mid-2007, according to a survey that suggests big U.S. companies are growing more confident about the economic recovery. The Business Roundtable, an association of CEOs of big U.S. companies, said Wednesday its survey shows 39 percent of chief executives expect to boost their payrolls in the second half of 2010.
NEW YORK (AP) — A reckless rigger's safety shortcuts caused a crane collapse that killed seven people, a prosecutor said as the rigger's manslaughter trial began Tuesday. His lawyer said the rigger was being unfairly blamed for bad decisions that set up a vulnerable tower of metal. William Rapetti wiped tears from his face as the prosecutor recounted the March 2008 disaster, one of the nation's deadliest crane accidents, in a Manhattan courtroom crowded with relatives and lawyers representing those killed and hurt.
CEDAR RAPIDS, Iowa (AP) — A former Iowa kosher slaughterhouse executive was sentenced Tuesday to 27 years in prison for financial fraud, a sentence legal experts called severe but not necessarily surprising as judges take tough stances on white-collar crime. Sholom Rubashkin, a former vice president of Agriprocessors Inc.
HOUSTON (AP) — Toshiba Corp. said Tuesday that it will begin building motors for electric and hybrid vehicles at its plants in Texas. The Japanese conglomerate made the announcement after Ford Motor Co. awarded it a contract to make drive motors for Ford hybrid and plug-in hybrid vehicles.
TOKYO (AP) — Toyota Motor Corp. and Honda Motor Corp. said Wednesday they stopped production at some of their car assembly plants in southern China after parts suppliers were hit by more labor unrest. The fresh walkouts at the Japanese car makers are slowing output and adding to costs at a time when both companies have been ramping up production to meet strong demand.
CINCINNATI (AP) — Procter & Gamble Co. said Tuesday that it will expand its Gain brand from the laundry to the kitchen sink, the latest move by the world's largest consumer products company to market its megabrands in new ways and new places. At a Jefferies investor conference in Nantucket, Mass.