Wildeck, Inc., the largest manufacturer of industrial steel work platforms (mezzanines), material lifts (VRCs), and safety guarding products, has appointed Noel Neris to the position of Lean Leader for its North American operations, based in Waukesha, Wisconsin.
A steel plant in southern Italy at the center of an environmental scandal has announced it is closing after police seized some produced goods. Concerns have grown over the elevated incidence of cancer in the area around the Ilva plant. The Environment Ministry has been overseeing efforts to clean up the plant and assess health risks. Police have arrested seven people on suspicion of bribing officials to play down health concerns.
Samsung Electronics Co. says its audit of Chinese suppliers found illegal labor practices such as excessive overtime. Samsung said Monday it found instances of Chinese employees working overtime beyond legal hours and being fined for absence or tardiness. Samsung conducted a four week audit of 105 suppliers in China after allegations it was ignoring illegal labor practices.
For Bangladesh, where such factories commonly ignore safety as they rush to produce for retailers around the world, the most recent tragedy was unusual only in scope: More than 200 people have died in garment-factory fires in the country since 2006.
The Italian heavy-duty vehicles maker Fiat Industrial reached an agreement Monday for a full merger with its U.S. subsidiary, the farm equipment maker CNH Global N.V., creating the world's third-largest capital goods company by sales. Fiat Industrial had aggressively pursued the full merger of the 12 percent of CNH that it didn't already own.
Mississippi Phosphates Corp. has been cited by the government for 40 safety and health violations following the deaths of two workers in separate incidents at the company's Pascagoula facilities. Occupational Safety and Health Administration says in a news release Monday that it has proposed penalties of $165,900. The company has 15 days to appeal.
Diversified manufacturer Eaton Corp. said Monday that its pending acquisition of Cooper Industries PLC has received regulatory approvals from Chinese and European officials, putting it a step closer to closing. The deal has now received all of its required regulatory approvals and been approved by the shareholders of both companies. It remains subject to customary closing conditions, Eaton said.
Toyota is recalling about 150,000 Tacoma midsize pickups in the U.S. because the spare tires can fall from beneath the trucks. The recalled trucks from the 2001 to 2004 model years were sold or registered in 20 cold-weather states and Washington, D.C.
Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government.
Twinkies, Ho Hos, and Wonder Bread are up for sale now that a bankruptcy judge cleared the way for Hostess to fire 18,500 workers and wind down operations. A last-ditch effort to end a strike with Hostess' bakers union failed and Judge Robert Drain approved the company's request to shut down its business and sell the pieces to the highest bidder.
Tucked away just miles from the railroads that for years have transported goods made in Virginia to the rest of the world, a recently opened research facility in Prince George County is bringing together universities and industry in an effort to help the state — and the country — regain its manufacturing roots.
Global automakers and their Chinese rivals put on sleek displays of new cars at a major auto show Thursday in Guangzhou, the southern Chinese stronghold of Japanese brands that have been hard hit by tensions between Tokyo and Beijing. Nissan Motor Co., Toyota Motor Corp. and Honda Motor Co. were among the dozens of brands showcasing new vehicles at the auto show, the first major marketing event since the tensions flared in September.
A new Harvard Business School (HBS) survey reveals serious concern about America’s competitiveness trajectory, but wide agreement between liberals and conservatives on the policy imperatives that Congress and President Obama should advance following the election.
Hostess Brands Inc., the maker of Twinkies and other snack cakes, said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge in White Plains, New York, will decide if the company can shutter its operations.
The National Highway Traffic Safety Administration says the housing around the fuel pump can crack and leak gasoline. No fires or injuries have been reported, but the safety agency has received 28 complaints from owners of the bikes. At least two owners say that gas soaked their pant legs.
Toshiba Corp. unveiled a robot Wednesday that the company says can withstand high radiation and help in nuclear disasters. But it remains unclear what exactly the new machine will be capable of doing if and when it gets the go-ahead to enter Japan's crippled Fukushima Dai-ichi nuclear plant.
Japan logged its fourth straight monthly trade deficit in October as the European debt crisis and strained business ties with China over a territorial dispute reduced exports. The Ministry of Finance said Wednesday that imports exceeded exports by 549 billion yen ($6.7 billion), the biggest deficit for October since at least 1979, when the ministry began keeping comparable records.
A Delaware bankruptcy judge on Tuesday approved a request by failed steelmaker RG Steel to pay $767,000 under a retention program to keep about 20 key employees on the job through the end of the year as the company finishes liquidating its assets.
Deere & Co., the world's largest maker of agricultural equipment, reported a bigger fourth-quarter profit as it sold more equipment at higher prices, but results still missed analyst expectations. Deere's revenue got a boost from a 4 percent increase in prices, although some of that gain was offset by unfavorable foreign currency exchange that hurt sales by 3 percent.
The tasty cream-filled golden spongecakes known as Twinkies won't die that easily after all. Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.