EDEN PRAIRIE, Minn. (AP) — Tyco Electronics Ltd. says it's acquiring ADC Communications in a deal valued at $1.24 billion. Switzerland-based Tyco, which was spun off from Tyco International, says it will pay $12.75 per share in cash for the networking equipment maker. Shares of ADC, based in Eden Prairie, Minn.
SAN FRANCISCO (AP) — Advanced Micro Devices Inc., the world's No. 2 maker of computer microprocessors, is scheduled to report its second-quarter results Thursday after the market closes. WHAT TO WATCH FOR: Many investors are worried about the strength of the personal computer market with economic troubles in Europe and concerns about slowing demand in China.
RAVENSWOOD, W.Va. (AP) — Union workers called off a planned strike at the Alcan Rolled Products aluminum rolling mill in Ravenswood on Monday. Some 700 members of the United Steelworkers had been scheduled to walk off the job Tuesday. But Local 5668 rescinded its strike notice in response to an offer Sunday by Alcan to continue talking, representative Randy Moore said.
WASHINGTON (AP) — The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing. The trade deficit increased 4.8 percent to $42.3 billion, the largest imbalance since November 2008, the Commerce Department reported Tuesday.
DETROIT (AP) — Corvette owners could soon be revving up an engine they built with their own hands. General Motors Co. said Monday that buyers who order a 2011 Corvette Z06 or ZR1 can help assemble their cars' high-performance LS7 and LS9 engines. The automaker believes the program is the first of its kind in the industry.
While the Internet has definitely made the industry more prolific, counterfeiting has a history that predates the Internet by centuries. There weren’t designer handbags or electronics hundreds of years ago to counterfeit, so people worked with what they had literature, for one, is a good example.
On January 29, 2003, Boeing decided to design an all-new airplane made out of composites. They called it the 787 and the design idea was to make the plane light and fuel-efficient, to be a long range airplane. The dream for this aircraft was to move manufacturing to its Tier 1 suppliers who would coordinate with Tier 2 and 3 suppliers, and all Boeing would have to do was assemble the parts and save a whole bunch of time, effort, and money.
Hydro's long-term strategy is to build its portfolio of services to include second-stage manufacturing processes: fabrication, bending and CNC machining. Hydro Aluminum’s MO-based extrusion plant took dozens of incremental steps to close production gaps, create value-added services, and improve safety and quality.
Chloride Systems (Burgaw, NC) has developed the Max-Lite Series of emergency lighting products, which are ideal for locations where oil-, water-, and dust-resistant equipment are required. The lights are certified to NSF Standard 2 Splash Zone, and are UL-listed for use in damp and wet locations in temperatures ranging from 0° to 40°C.
Hytrel-lined PVC tubing is designed to provide the flexibility and durability of PVC with the unique properties of Hytrel, and is now available from NewAge Industries (Southampton, PA). The tubing is useful in applications where different performance is needed for the inside and outside of the tube, and typical applications include air sampling, computer equipment, gas delivery, and general fluid transfer.
Lista International Corporation (Holliston, MA) introduces its new All-Purpose Workbench, a high-quality, general purpose workbench capable of supporting 1,000 pounds. There are dozens of choices for storage, adjustability and configurability, available accessories and options, mobility, and colors, giving users a bunch system best suited for their particular needs.
The P-433 Ship Shape bulk container from Meese Orbitron Dunne Co. (Ashtabula, OH) is now available with an optional hinged panel that opens for visual and ergonomic access to goods. The hinged panel permits these high-volume containers to replace smaller bins or totes in order to increase efficiency in picking, assembly, and other operations.
Policies, similar to vision statements and strategies, are not always the living documents we expect them to be. To remain current, they must evolve and change with time and adjust to current realities. Our energy policies certainly are in this category.
May U.S. manufacturing technology consumption totaled $178.34 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT — The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 22.
CHARLESTON, W.Va. (AP) — In 1943, four women working at a Goodyear Aircraft factory in Akron, Ohio, signed their names on the wing of the airplane they were putting together. Sixty-seven years later, one local "Rosie the Riveter" is being recognized for her contributions to the war effort.
BEAVER, Pa. (AP) — About 150 western Pennsylvania workers have been told they will lose their jobs with the closing of a specialty ceiling tile plant. Armstrong World Industries announced Friday that the 107-year-old Beaver County plant will close in phases over the next year.
NEW YORK (AP) — Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments for stroke and brain aneurysms. Johnson & Johnson said it will pay $23.40 per share, marking a 5.5 percent premium to Micrus' closing price on Friday.
SAN JOSE, California (AP) — A federal judge says a monopoly abuse lawsuit against Apple Inc. and AT&T Inc.'s mobile phone unit can move forward as a class action. The lawsuit consolidates several filed by iPhone buyers starting in late 2007, a few months after the first generation of Apple's smart phone went on sale.
BERLIN (AP) — Volkswagen says it's seeking to use more locally acquired parts in its auto production in North America. CEO Martin Winterkorn told the Sueddeutsche Zeitung daily newspaper for its Monday edition that it's not enough to produce cars in North America, but "we also need to get parts and components from there.
CARBONDALE, Ill. (AP) — It's the kind of publicity any university might dream about: An instructor uncovers a possible flaw that's causing some of the world's most popular cars to accelerate suddenly. His ground-breaking work attracts interest from Congress and reporters worldwide. But as Southern Illinois University's David Gilbert sought to show that electronics might be to blame for the problem in Toyotas, the world's largest automaker tried to cast doubt on his findings.