General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.
Today, Deborah L. Wince-Smith, president of the Council on Competitiveness, called for "focus" on turning energy research and development into real economic value before the Senate Committee on Energy and Natural Resources.
Workers said Tuesday night they believed the firm might lay off more workers on top of the 684 laid off since last year, but they didn't foresee an idling of the landmark plant, which U.S. Steel bought when it took over Stelco in 2007, nor the laying off of a further 720 workers.
Industrial Pulley Puller offers a new low-profile model to their line of portable hydraulic pullers. Safely remove frozen parts with ease, reduce repair time, and avoid equipment damage
Doc-Blok International introduces its Dok-Blok®, a bumper made of mining-grade rubber, moves up and down with the trailer on its own suspension, improving standard rubber bumpers that easily damage and tear.
Ashcroft® Type B700 explosion-proof pressure switches can be specifically configured for harsh pressure media and demanding operating environments. The Type B700 pressure switches are enclosed in a NEMA 7/9–IP66 rated housing, and can be used in Class 1, Division 1&2 and Class 2, Division 1&2 hazardous locations.
Wall Street economists surveyed by Thomson Reuters expect the index from the Institute for Supply Management, a trade group of purchasing executives, dropped to 33.8 last month from 35.6 in January.
Intel has worked extensively with Taiwan Semiconductor Manufacturing Co. on wireless chips and other products. But Santa Clara, Calif.-based Intel said the announcement Monday marks the first time the company has licensed its CPU core to a foundry, which is a plant that make chips for other companies.
The person, who asked not to be identified because a deal had not been announced, said GM would buy back the factory because it makes critical parts for the troubled automaker. A deal could be announced as soon as Tuesday.
"No matter how much money you throw at the automakers, that won't solve the problem. It will actually make things worse" says Viraf Baliwalla, a consumer advocate for car buyers and founder of Automall Network (www.automallnetwork.com) a professional vehicle buying service. "But there is a less risky solution".
The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month. It also was considerably weaker than the 5.4 percent annualized decline economists expected.
Environmental Defense Fund today released a groundbreaking online map that identifies and profiles more than 1,200 companies in key manufacturing states poised to grow their business and create new jobs when Congress passes a cap on global warming pollution.
Polyconn's Duratec piping system offers an innovative compressed air and inert gas distribution system designed to be absolutely leak-proof, install quickly and easily, and to maintain plant costs. Duratec pipe is available in 100-ft. or 300-ft. coils—significantly reducing the number of joints in a system.
The Power Probe Micro Torch is small in size, but offers many features and ease of use.
Sullair Corporation offers its new ShopTek™ lubricated rotary screw air compressor. According to the company, these compressors combine Sullair's proven rotary screw technology in a compact belt-drive package which establishes new standards for continuous-duty compressors to meet the needs of small horsepower markets.
For over 40 years, Neu Tool & Supplyhas offered thousands of tool and equipment items from hundreds of manufacturers.
Ralphs-Pugh Companyhas developed a series of rollers to counter the harsh conditions in battery manufacturing and storage and charging station environments.
Honeywell (NYSE: HON) has received a contract from the U.S. Army Corps of Engineers to help the Department of Defense and other agencies increase energy efficiency, leverage renewable eneargy and save water. The work will be performed under the federal Energy Savings Performance Contracts (ESPCs) program and builds on the Department of Energy contract Honeywell recently secured to implement up to $5 billion of similar projects in government facilities across the globe.
Layoff Tracker can be planted on a Web site or a computer desktop to provide a running tally of the pink slips being handed out by major employers around the country. The tracker complies the numbers from news reports and company announcements.
The 57-year-old steelworker from Port Vue, PA, lived through painful restructuring that drastically reshaped the domestic steel industry. The most recent crisis, from 1998 through 2003, involved dozens of bankruptcies, huge job cuts and mill closures.