WILMINGTON, Del. (AP) — A federal judge has confirmed auto parts supplier Visteon's reorganization plan, clearing the way for the company's emergence from bankruptcy. Visteon, a major supplier of parts to Ford Motor Co., said Tuesday that it expects to emerge from Chapter 11 bankruptcy by Oct.
NEW YORK (AP) -- Americans' confidence in the economy improved slightly in August, but the mood is still gloomy amid job worries, according to a monthly survey. The Conference Board said Tuesday that its Consumer Confidence Index improved slightly to 53.5, up from a revised 51.0 in July.
Casella USA (Amherst, NH) recently expanded its Apex line of personal air sampling pumps to include the Apex Standard and the Apex Pro I.S. They are designed to undertake personal and area sampling for dusts, fumes, gases and vapors in hazardous areas. When used with a low-flow adapter assembly the pumps have flow rates between 5 and 200 ml/min.
Solvent Kleene (Peabody, MA) now offers a VOC-free, non-alkaline industrial degreaser/cleaner for high-performance and eco-friendly products. According to the company, D-Greeze 7880 offers performance comparable to that of a conventional-based product. Furthermore, it doesn’t expose users and the environment to toxic components or emissions.
Spectronics (Westbury, NY) has introduced OIL-GLO™ 50, a fluorescent dye designed for detecting leaks in petroleum or synthetic-based fluid systems. OIL-GLO™ 50 pinpoints leaks in a wide variety of oil-based fluid systems. Examples include hydraulic fluid, lubrication fluid, compressor oil, engine oil, and gearbox oil.
The “Torque Supporter” Precision Rack & Pinion Drive Systems from ATLANTA Drive Systems, Inc. (Farmingdale, NJ) handle dynamic and heavy loads, according to the company. Precision planetary reducers with an integral output housing and outboard bearing provide a rigid support.
RADNOR, Pa. (AP) — Airgas Inc. on Monday told shareholders that if Air Products & Chemicals Inc.'s buyout plans don't receive majority support, Airgas will call a special meeting of its stockholders on June 21 next year. At that meeting, Airgas said it will take action to assure that Air Products or other stockholders will be able to nominate a number of individuals to its board.
WASHINGTON (AP) — Analysts say the Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, is expected to declare that China unfairly helped its aluminum industry. The finding, which could spark higher import duties, was anticipated Tuesday as the White House attempts to strike a delicate balance ahead of November congressional elections that will be dominated by the weak U.
DETROIT (AP) -- Ford Motor Co. has settled a lawsuit over losses suffered by nonunion employees and retirees who held company stock in retirement accounts. The company will offer free investment advice for four years but no money will be paid except to lawyers. In a court filing Friday, lawyers for plaintiffs say Ford Motor's improved health and stock price could have helped the company win the lawsuit or defeat some claims.
LACEY, Wash. -- PUMP-FLO™ Solutions, a provider of software solutions to the pump and fluid handling industry, recently announced that R.B. Mosher, a distributor of products and services to the petrochemical, oil, power and municipal industries, has awarded PUMP-FLO Solutions a contract for its ePUMP-FLO™ web-based selection software.
CLEVELAND (AP) — Diversified industrial manufacturer Eaton Corp. said Friday it named Lennart Jonsson executive vice president and chief technology officer. Jonsson joined Eaton in its Powerware acquisition in 2004 and served as a senior engineering manager. He was named vice president of technology and chief technology officer for the Electrical Group in 2007.
WASHINGTON (AP) -- Ford Motor Co. says it is recalling 575,000 older model Windstar vans in the United States and Canada because of the possibility that the rear axles can corrode and potentially break. The recall covers vehicles in the model years 1998 to 2003 sold in states where the heavy use of road salt can cause more corrosion.
NEW YORK (AP) — August auto sales are expected to be much lower than the year-ago month, a time when sales were pumped up by the federal government's Cash for Clunkers vehicle trade-in program, according to analyst predictions. The seasonally adjusted annual rates for the month may also suggest that the auto industry's steady recovery in the first half of the year is losing steam, the analysts predicted.
NEW YORK (AP) — Boeing Co. postponed the delivery of its first 787 to the middle of the first quarter of 2011, compounding a string of delays for the jetliner that is already more than two years past its original scheduled debut. The latest delay is the result of engine delivery problems, Boeing said in a statement early Friday.
VLADIMIR, Russia (AP) — Auto parts supplier Visteon Corp. said Thursday that it has formed a joint venture with a Russian company, Avtopribor, to provide vehicle cockpit electronics to the Russian auto market. The venture, called OOO Visteon Avtopribor Electronics, will make products such as audio equipment, infotainment devices and driver information and control electronics.
NEW YORK (AP) — Toyota recalled 1.33 million Corolla sedans and Matrix hatchbacks in the U.S. and Canada Thursday because their engines may stall, the latest in a string of quality problems at the Japanese automaker. The recall covers vehicles from the 2005-2008 model years sold in the U.
READING, UK -- Wolseley announced today that it has agreed to dispose of Brandon Hire Limited, its UK tool and equipment hire business, to Rutland Partners. Total cash consideration of £43 million will be payable on completion, subject to normal closing adjustments. Completion is expected within 30 days.
WASHINGTON (AP) — It's starting to feel like another recession. Businesses are ordering fewer goods. Home sales are the slowest in decades. Jobs are scarce, and unemployment claims are rising. Perhaps most worrisome, manufacturing activity, which had been one of the economy's few bright spots, is faltering.
HOUSTON -- McJunkin Red Man Corp., has agreed to acquire operations and assets from Dresser Oil Tools & Supply. Dresser currently has five branches. The operations and assets to be bought by McJunkin Red Man relate to the business of the sale and distribution of pipe, valves and fittings, oilfield production, and drilling supplies and related products.
WASHINGTON (AP) — New requests for unemployment benefits fell sharply last week, the first decline in a month and a hopeful sign after a raft of negative economic reports. New claims for jobless aid dropped by 31,000 to a seasonally adjusted 473,000, the Labor Department said Thursday.