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Source Match Industrial News

Greek leaders face crunch talks as unions strike (Reuters)

Reuters - Greek leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity.

BP hikes dividend after strong fourth quarter (AP)

THIS PICTURE IS 7 OF 25 TO ACCOMPANY INSIGHT AP - BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for a disastrous oil spill in the Gulf of Mexico.


AP Enterprise: Brown bank regulator an insider (AP)

AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.

Greek deal hopes lift euro, shares (Reuters)

A Wall St. sign is seen outside the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS)Reuters - The euro and European stock markets edged higher on Tuesday as traders grew hopeful a resolution could be found to enable a second bailout deal for Greece, although poor results for some top European firms rekindled fears about the impact of the crisis.


Toll from Pakistan factory collapse rises to 17 dead

LAHORE, Pakistan (Reuters) - The death toll from the collapse of a three-storey factory in the Pakistani city of Lahore rose to 17 Tuesday as rescue workers continued to search for survivors amidst the rubble, an emergency official said. A gas explosion Monday caused the building to collapse, trapping dozens of laborers, mostly boys aged 14-23, inside. "We just recovered another body. The total ...

Glencore to buy Xstrata in $90 billion deal (Reuters)

Reuters - Commodities trader Glencore agreed an all-share takeover of mining group Xstrata worth $90 billion on Tuesday in the industry's largest ever deal, creating a powerhouse spanning mining, agriculture and trading.

Could the Wind Turbines of Chile Harm Blue Whales? (Time.com)

Time.com - The energy-starved country needs wind power but environmental critics say it will not only mar the landscape but harm the wildlife

Pakistan hunts for survivors as factory toll hits 17

Pakistani rescuers on Tuesday recovered more bodies from the rubble of a factory that collapsed in the city of Lahore, raising the death toll to 17 in a grim search for survivors.

BP preparing "vigorously" for oil spill lawsuits (Reuters)

Reuters - BP said it was preparing "vigorously" for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth quarter earnings on the back of higher oil prices.

Toyota lifts profit forecast as disaster woes fade (AP)

An employee works on an assembly line of Toyota Motor Corp's hybrid car AP - Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track.


Toyota Q3 jumps, sees "tough race" in North America (Reuters)

An employee works on an assembly line of Toyota Motor Corp's hybrid car Reuters - Toyota Motor Corp reported a stronger-than-expected quarterly operating profit and raised its annual forecast on cost cuts and Japanese government subsidies, though this is still some way below analysts' expectations.


Exploration boom fuels plans for new industrial park

The Pratt City Commission is expected to approve an annexation agreement in two weeks that will pave the way for local businessman Dale Withers to develop an industrial park opposite Walmart on U.S. 54.

Congress OKs bill to prod US aviation into new era (AP)

AP - After five years of legislative struggling, 23 stopgap measures and a two-week shutdown of the Federal Aviation Administration, Congress finally has passed a bill aimed at prodding the nation's aviation system into a new high-tech era in which satellites are central to air traffic control and piloted planes share the skies with unmanned drones.

Industry slams federal plan to list fracturing chemicals

Industry slams federal plan to list fracturing chemicals Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 10:21 p.m., Monday, February 6, 2012 WASHINGTON - The oil and gas industry is attacking a leaked draft of government rules that would require companies to disclose the chemicals ...

Skydiver to Attempt Record-Breaking Supersonic Space Jump (SPACE.com)

SPACE.com - One man's quest to make a record-breaking leap from near the edge of space is nearing make-or-break time.

Shell Takes Majority Share of Crux Natural Gas Fields, Plans Gas Supply to Prelude, an Industrial Info News Alert

PERTH, AUSTRALIA-- - Researched by Industrial Info Resources Australia -- Royal Dutch Shell plc , via Shell Development Australia, has signed a non-binding heads of agreement with Nexus Energy and Osaka ...

Canada's Harper in China visit focused on energy (AP)

AP - Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States.

Greece caves in on civil service firings (AP)

A woman walks past a advertising board for a pawn shop, in central Athens, on Monday, Feb. 6, 2012. Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakthrough needed to avert bankruptcy in March. (AP Photo/Dimitri Messinis)AP - Greece's coalition government caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.


The Worthless Junk the 1 Percent Waste Their Money On (ContributorNetwork)

ContributorNetwork - COMMENTARY | Strictly speaking, the 1 percent -- people whose incomes put them above the other 99 percent of us, starting at about $340,000 a year as of 2009, according to IRS data -- don't actually spend much of their money.

Commercial Composting a Growth Industry in Austin (ContributorNetwork)

ContributorNetwork - While Austin, like most Texas cities, has a recycling program, the capital of the state is experimenting with commercial composting, using food and other organic waste to create mulch and potter's soil for commercial use, according to the Austin American Statesman.

Key states move closer to foreclosure-abuse deal (AP)

AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. More than 40 U.S. states have agreed to a nationwide settlement.

Mammogram Readers Could Take a Cue from Film-Making (LiveScience.com)

LiveScience.com - The accuracy of a person reading a mammogram is improved when their gaze is subtly shifted toward suspicious areas, and nudged around to ensure that they look at every part of the scan, according to new research.

Industrial-strength award for Massey mathematician

A Massey University professor who uses mathematics to model the drift of ash from volcanic eruptions as well as solving industrial problems has just been awarded the highest Australasian accolade for maths in industry.

Gold falls as Greek debt crisis back in spotlight (AP)

AP - Gold prices fell Monday as the Greek debt crisis returned to the spotlight, renewing concerns about the impact that Europe's financial troubles could have on the global economy.

Pakistan factory collapse kills 13, traps dozens

Ten women and three children were killed with dozens of others trapped under rubble when a factory collapsed in the Pakistani city of Lahore on Monday, officials said.

Anti-cuts protests push Romania PM out (Reuters)

Reuters - Romanian Prime Minister Emil Boc resigned on Monday, joining a list of European leaders felled by fury at the kind of spending cuts that prompted weeks of mass protests in Bucharest against IMF-backed austerity.

Industry Leaders From Avaya, Cisco and VMware to Keynote at Interop Las Vegas

SAN FRANCISCO, Feb. 6, 2012 /PRNewswire/ --  Interop Las Vegas ® , produced by UBM TechWeb , today announced executives from Avaya, Cisco and VMware are scheduled to take the keynote stage in Las Vegas.  ...

Semiconductor Industry Workshop to Address Fully Depleted SOI Technology for Mobile and Consumer Electronics

BOSTON, Massachusetts, February 6, 2012 /PRNewswire/ --The sixth annual workshop on fully depleted silicon-on-insulator (FD-SOI) technology for advanced semiconductor architectures, featuring technical ...

Rescuers dig to reach trapped in Philippines quake (AP)

Residents rush to higher grounds following tsunami rumors due to a magnitude 6.9 earthquake which hit the island province of Cebu and other central Philippine provinces Monday, Feb. 6, 2012. Authorities said, over a dozen people were killed with rescuers digging with picks and shovels in trying to reach dozens of people trapped under houses collapsed by the strong earthquake Monday. (AP Photo)AP - Rescuers dug with picks and shovels trying to reach dozens of people trapped under houses collapsed by a strong earthquake Monday that shook a central Philippine island and set off landslides.


Factory collapse in Pakistan kills 9, traps dozens

Rescue workers struggled to reach dozens of people trapped in the rubble of a factory that collapsed in an eastern Pakistani city Monday, killing at least nine, officials said.

Auction Industry Pioneer Larry Latham Joins Proxibid

Proxibid , the world’s largest real auction marketplace, today announced that Larry Latham, an auction industry pioneer, has joined its team to add focus to its b

ACT-IAC Selects 2012 Partners Program Class, Government and Industry Nominate their Strongest Leaders

The American Council for Technology-Industry Advisory Council today announced its 2012 Partners Program participants. The executive development program pairs 16 governmen

Applied Industrial Technologies Acquires Two Quebec Distributors

Solutions Industrielles Chicoutimi - Chicoutimi, Quebec Specialites Industrielles Harvey - Quebec City, Quebec CLEVELAND, Feb. 1, 2012 - Applied Industrial Technologies (NYSE: AIT) today announced it has acquired the businesses of Solutions Industrielles Chicoutimi and Specialites Industrielles Harvey. Terms of the sale were not disclosed. Solutions Industrielles Chicoutimi provides bearings ...

Airline Industry Continues to Push for Consolidation

NEW YORK, NY-- - Airline stocks have been on fire this year. The Guggenheim Airline ETF, which seeks to represent a modified equal-dollar weighted index designed to measure the performance of highly capitalized ...

Sabre Launches Industry’s First Eco-Certified Hotel Program

Sabre Holdings, a global technology company for the travel industry, today announced the launch of its Sabre Eco-Certified Hotel Program, an industry first program that provides clear and easy access to sustainable travel offerings throughout Sabre’s portfolio.

Pakistan factory collapses in gas blast, 5 dead, many trapped

LAHORE, Pakistan (Reuters) - A three-storey factory collapsed on Monday in the Pakistani city of Lahore after a gas explosion, killing at least five people and trapping dozens, emergency officials said. "The factory has completely collapsed and two houses next to it as well," an emergency official at the site told Reuters by telephone, adding that narrow streets was preventing heavy rescue ...

Music Instrument Industry Optimistic about 2012 Sales, GE Capital Survey Reveals

Participants in the music instrument industry are optimistic about growing sales in 2012 even as they acknowledge that consumer demand has been muted in recent years, according to

Factory collapse in Pakistan kills 4, traps dozens

Rescue workers struggled to reach dozens of people trapped in the rubble of a factory that collapsed in an eastern Pakistani city Monday, killing at least four, officials said.

German Factory Orders Gained on Exports

German factory orders rose more than economists forecast in December as demand from outside the euro area helped its largest nation weather the sovereign debt crisis.

Industrial Leasing Rises, Will Rents?

SADDLE BROOK, NJ-A significant uptick in New Jersey industrial leasing is a sign that tenants are beginning to worry about rising rents, according to CBRE New Jersey's Fourth Quarter 2011 New Jersey Industrial MarketView Report.

Weyerhaeuser, Domtar Survive Late-2011 Drop in Pulp Prices, but Expect No Increase Soon, an Industrial Info News Alert

SUGAR LAND, TX-- - Researched by Industrial Info Resources -- Weyerhaeuser Company and Domtar Corporation , two of the largest North American forest product companies, reported revenues and profits for ...

Forecast for Canadian Chemical Industry Tops $1 Billion in 2012, an Industrial Info News Alert

SUGAR LAND, TX-- - Researched by Industrial Info Resources --Over the past several years plant owners in the Chemical Processing Industry of Canada have struggled with demand woes and a global recession. The effect of these struggles has been obvious with the annual value of CPI construction kickoffs ...

Factory collapse in Pakistan kills 2, traps dozens

A three-story factory illegally set up in a residential area of an eastern Pakistani city collapsed Monday after several gas cylinders inside exploded, killing at least two people and trapping over 40 others in the rubble, officials said.

Brazil's Eletrobras to Invest $7.29 Billion in Energy Sector in 2012, an Industrial Info News Alert

CORDOBA, ARGENTINA-- - Researched by Industrial Info Resources Latin America -- In 2012, Centrais Eletricas Brasileiras plans to invest $7.29 billion in electrical energy generation , transmission and ...

Industry Experts Predict A Huge Growth In Online Video In 2012

LONDON, UNITED KINGDOM-- - The UK video advertising industry will see a major shift towards online video, according to industry experts. Daniel Ruch, the Chair of the IAB Video Council, the UK's largest ...

Ford Motor Company Begins Construction on $1.1 Billion Expansion in Missouri, an Industrial Info News Alert

SUGAR LAND, TX-- - Researched by Industrial Info Resources -- Ford Motor Company has begun construction in Kansas City, Missouri, on a $1.1 billion expansion of its Claycomo Assembly Plant. The expansion ...

Zacks Industry Outlook Highlights: Union Pacific, Kansas City Southern, CSX, Norfolk Southern and Canadian National ...

Zacks Industry Outlook Highlights: Union Pacific, Kansas City Southern, CSX, Norfolk Southern and Canadian National Railway

The nations weather (AP)

AP - Weather Underground Forecast for Monday, February 06, 2012.

Factory collapse in Pakistan traps over 40

ISLAMABAD – A three-story factory illegally set up in a residential area of an eastern Pakistani city collapsed Monday after several gas cylinders inside exploded, killing at least two people and trapping over 40 others in the rubble, officials said.

Deaths in Lahore factory collapse

An illegal medicine factory collapses in the eastern Pakistani city of Lahore, killing at least 13 people and leaving many trapped, officials say.
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