MINNEAPOLIS (AP) — Lockheed Martin Corp. says its third-quarter profit fell more than 28 percent after it paid for buyouts for 600 executives as it shrinks because of pressure on defense spending. Revenue for the big defense contractor rose 5.6 percent but that missed analysts' expectations and it cut its revenue outlook for the full year.
CLEVELAND (AP) — Diversified manufacturer Eaton Corp. says its third-quarter profit surged as global sales increased almost 18 percent over the same period last year when the entire industry was hammered by the recession. Its results beat Wall Street expectations and it is raising its forecast for the year.
Yokogawa (Sugar Land, TX) announces the release of the R1.02 upgrade to Real-time Production Organizer (RPO). RPO is a suite of manufacturing execution system (MES) platform packages. They are designed to integrate vertical production execution workflow across departments.
Any good company can hear the death knell of their flagship product for years, and if they haven’t done anything to retain or create business in another market, they’ll close, and I’ll say, “That’s capitalism.” I’m a fairly avid listener of podcasts at work.
Food Manufacturing 's inaugural Smart Sourcing Award winners showcase overwhelming returns on their equipment investments. Regardless of their background or area of expertise, every Food Manufacturing reader struggles with how to stretch limited purchasing budgets in keeping their operations moving as efficiently and profitably as possible.
Full disclosure: This video is best described at being a source of unintentional comedy, as opposed to being a source of valuable or thought-provoking information. The folks at the Center for Healthcare Robotics at Georgia Tech decided to bring their PR2 pill-delivering robot, which was actually manufactured by California-based Willow Garage, to the CNN set for a visit with ever-enthusiastic news anchor Ali Velshi.
CUPERTINO, Calif. (AP) — Apple Inc. said Monday that net income for the most recent quarter soared 70 percent on strong sales of iPhones. Apple sold 14.1 million iPhones from July through September, more than the 12 million or so analysts were looking for. Apple Chief Financial Officer Peter Oppenheimer said in an interview that had the company been able to make more iPhones, that number would have been even higher.
WASHINGTON (AP) — The big aircraft maker Boeing Co. says "cost pressures" from the new health care law are part of the reason it's asking employees to pay more for their medical benefits next year. In a letter mailed to employees late last week, Boeing said deductibles and copayments are going up significantly for some 90,000 nonunion workers.
NEW YORK (AP) — GE plans to spend $432 million to establish four U.S.-based refrigeration design and manufacturing centers that will be the focus for its new energy efficient line of refrigerators and other appliances. General Electric Co. said Monday the move will create 500 new jobs by 2014 and help preserve another 1,166 existing positions.
SAN FRANCISCO (AP) — Bill Gates' successor as Microsoft's Chief Software Architect, Ray Ozzie, is leaving the company after five years. In an e-mail sent to Microsoft Corp. employees Monday, CEO Steve Ballmer announced the change, saying Ozzie will stay with Microsoft for an undefined transition period.
WASHINGTON (AP) — Sluggish spending by businesses and consumers is causing factories to cool their production after they helped lift the U.S. economy out of recession. Companies have slowed their rebuilding of stockpiles and replacement of worn-out equipment. And consumers are cautiously spending at a time of 9.
BERLIN (AP) — General Motors Co.'s Opel unit says it hasn't found an investor to save its plant in Antwerp, Belgium, and confirms that it will shut down at the end of the year. Opel said two weeks ago that the Antwerp plant would close by year-end, costing 1,200 jobs. It said it hadn't been able to find investors to keep the plant going but remained open for new proposals.
We’ve worked for years to move past the era of dangerous manufacturing work; let’s not blow it in a short period of fiscal caution. I am writing this on an airplane... One of those sinus-frustrating sojourns from the west coast, seemingly airborne for days... The business that jetted me across the skies was in San Diego, attending the National Safety Congress & Expo, in order to get the first glance at new technologies relating to the safety arena (I also saw a ten foot tall robot on the show floor, but I digress.
While most inventors are still providing computer designs, rapid prototyping may make it easier to supply actual working models. Competitions have been around for a long time now. Originally, people who submitted to them would produce drawings, a short write-up, and perhaps some background research.
T&D Corporation (Saratoga Springs, NY) now offers the RTR-500NW, an Ethernet LAN connected data collector for wireless data loggers. The product is designed to automatically record data from the remote units. It does this via a 900MHz wireless link and transmit the data via e-mail or to an FTP server, without the use of a personal computer.