NEW ORLEANS (AP) — The vast oil reservoir beneath BP's blown-out well could still be worth billions of dollars even after it spewed crude into the Gulf of Mexico for more than three months — but the multinational company blamed for causing the disaster isn't saying whether it plans to cash in on this potential windfall.
ST. PAUL, Minn. (AP) — The Toyota driver convicted in a crash that killed three people has rejected a prosecutor's offer to ask a judge to vacate his sentence and set him free. Koua Fong Lee is serving an eight-year sentence for criminal vehicular homicide in the 2006 crash. He petitioned for a new trial, saying he did all he could to stop his accelerating Toyota Camry before the crash.
TRAVERSE CITY, Mich. (AP) — Eager to get out from under government control, GM expects to sell its stock in one swoop when it offers shares to the public sometime later this year, its CEO said Thursday. Some experts had expected General Motors Co. to sell only a partial stake at first, followed by several smaller sales, but Ed Whitacre told reporters at an auto conference Thursday, "Our anticipation is we'd roll it out there all at once.
EL SEGUNDO, Calif. (AP) — Boeing Co. said Friday it won a contract from British satellite-telecommunications provider Inmarsat to build three communications satellites. Boeing said it was a fixed-price contract with options, but provided no other financial details. The satellites have an expected 15-year life span.
TOKYO (AP) — Bridgestone Corp. returned to profit in the first half and raised its full year forecast Friday amid a recovery in global auto demand that lifted tire sales. The Japanese tire maker, running neck and neck with Michelin SCA of France as the world's biggest, posted a 44.5 billion yen ($517.
MUMBAI, India (AP) — A wheat stockpile in India that could feed 210 million people for a year is starting to spoil because the government lacks enough warehouses to store it — a lightning rod for local discontent that could send ripples through the world market for the grain. According to a government estimate obtained by The Associated Press, 17.
Planning in the service supply chain is a critical factor to achieving customer service at a low cost. Doing so is not without challenges, and many mid-market manufacturers and distributors simply so not have the resources to address service supply chain planning in the same ways as their larger competitors.
Luxembourg — Dematic, a leading global supplier of integrated material handling solutions and services, announces it has signed an agreement in principle to purchase HK Systems, a North American automated material handling and software solutions provider. The transaction is expected to close sometime in the third quarter of 2010.
Sprayon (Cleveland, OH) is now integrating their chemical and lubricant products with a packaging and identification system, based on the principles of 5S and Kanban, to create the Sprayon System. The system communicates what products are to be used for each application, and ensures users always have the right product on hand when it is needed.
Salco Engineering and Manufacturing (Jackson, MI) has developed in-process parts holding baskets and wash baskets for use in assembly lines, robotic systems, and any other system that requires conveyor movement. The baskets feature ergonomic handles, giving users a firm grip and preventing stress normally placed on fingers, hands, and arms when lifting and carrying rod handle baskets.
Penn Stainless Products (Quakertown, PA) added a new line of 330 Plate and Processed Flat Bar to its family of high-temperature products. According to the company, 330 is ideal for high-temperature, high-pressure applications. In addition, the alloy can be used where resistance to the combined effects of thermal cycling and carburization is necessary.
GE (Trevose, PA) has introduced the TrueSense platform for optimizing productivity and increasing water savings through the monitoring and control of cooling water systems. According to the company, TrueSense automation capabilities allow users to free up time and resources to focus on critical processes.
When a 30-year-old, U.S.D.A.-certified bakery wanted to increase production and improve quality and process control, Mettler-Toledo HI-SPEED developed an innovative solution for the Pacific Northwest business. The commercial bakery business can be tough, so keeping production and quality control up is the only way to stay competitive.
Chances are, you probably learned about active listening at some point during your schooling. Lean forward, make eye contact and nod to let the speaker know you’re listening, right? I always thought these tips were silly because you could do all these things and still not be listening. However, these actions do accomplish one goal: They make the speaker think you’re listening—even if you really aren’t.
ZYP Coatings, Inc. (Oak Ridge, TN) introduces is 4-oz. Boron Nitride Aerosol Lubricoat spray can. The small container allows users to test the boron nitride coating on various substrates at temperatures up to 1,000°C in air, and over 1,800°C in inert/nitrogen atmospheres. According to the company, boron nitride is chemically inert and provides non-stick, release, and barrier-layers to reactive materials.
Rockwell Automation (Milwaukee, WI) has expanded the power range of its Allen-Bradley PowerFlex 755 AC drives to 450 kW/700 hp, in order to provide users with increased application flexibility. The 755 AC is well-suited for motor control applications in material handling, metalworking, and more, according to the company.
The M-90 automatic water filter from Forsta Filters (Los Angeles, CA) is less than 12” tall, making it easy to incorporate into nearly any piping system. An automatic backwash feature allows the filter to clean itself as needed, and it requires almost no routine maintenance, according to the company.
Thomas & Betts (T&B — Memphis, TN) offers a new Surge Protection line that provides protection for alternative energy sources from the damaging effects of electrical power surges. The products are available with optional EMI and RFI filters to protect systems from interference caused by variable frequency equipment, plus individually-fused MOVs to protect against extended surge events.
Greed drives innovation in industry. While I might not always like it, when it comes time for me to deal with a serious medical condition, I want as many treatment and non-treatment options on the table as possible. In “What Broke My Father’s Heart,” a piece in New York Times magazine a couple weeks ago, journalist Katy Butler writes about how an implanted pacemaker kept her father’s heart ticking long after the rest of his body was ready to go.
Remember that scene from Back to the Future , where Doc throws a bunch of trash into the Delorean for fuel? More and more entrepreneurs are stepping up with companies willing to do just that. Actually, the technology has been around for a while, but the market has only very recently become viable. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.