Manufacturing news
Eurozone Manufacturing slips while Asia is on a roll.
The manufacturing sector of Eurozone showed a sharp shrink in almost three years in April, while the data from Asia seems to be very impressive for the quarter. The numbers from the US manufacturing sector also showed a surprising rise in factory growth which left Eurozone as the weakest link in the economic chain with the austerity programs and fiscal crisis taking a toll.
World’s Youngest CEO: Harli Jordean
Harli Jordean’s marble company has a long story behind its evolution. London’s tiny tycoon has been running the blooming, prosperous and successful marbleking.co.uk website for two years, selling anything from tubs of marbles to £599 limited edition Duke of York solitaire tables.
Nokia Corp Reports Heavy Losses in Q1
The world’s biggest mobile handset maker, Nokia Corp., has made heavy losses in the Q1. Nokia says that it has faced much greater than expected competition and challenges in its ongoing strategy revamp.
Apple & E-Book Publishers Held Responsible for Price Fixing
Steve Jobs helped organize and arrange for a complex price-fixing plan that cost its consumers tens of millions of dollars in the last two years by enhancing the price of many new releases and bestsellers by $3 to $5 each.
Boeing’s deal with Embraer gives it an edge over Airbus
The president of Boeing Jim Allbaugh signed an agreement with Frederico Curado of Embraer after the annual meeting of a public-private partnership group that ties the two countries together. This deal clearly would increase the competitive pressure on Airbus.
Brazil does not plan new incentives for automakers
Brazil does not plan to offer new incentives for automakers, but the government has not stopped taking steps to boost the competitiveness of other industries, Trade and Industry Minister Fernando Pimentel said in an interview.Last week Brazil announced a series of tax breaks and promoted credit to help struggling manufacturers and to speed up the country’s weak economic recovery.
Google’s Project Glass: Envision the Virtual Reality
Imagine a world of information popping in front of your eyes with a simple voice command.It would be a normal day in a normal man’s life, with the only difference, that this man only has to speak to the device on his head for obtaining answers to simple questions.
Terrafugia’s Flying Car Makes its Debut at NY Auto Show
Terrafugia’s Transition flying car prototype is all set to be shown off at the New York Auto Show this week. Terrafugia’s Transition flying car prototype took its first test flight recently, bringing the possibility of flying home from work and parking in the garage closer to reality.
US Auto Industry Steps into the Fast Lane Despite High Gas Prices
Auto industry in the US has been recovering and shifting its track to the fast lane. Even with gas prices at nearly $4, smaller cars like the Nissan Versa, Ford Focus and Fiat 500 flew off dealer lots in March, and have been giving car makers their best monthly sales in almost five years.
Sony’s Next PlayStation Rumored to Arrive in 2013
According to gaming site Kotaku, the successor to Sony’s PlayStation 3 is a code named Orbis and it has found a way to come in time for the holidays next year. The next-generation game, Orbis, won’t be play PS3 games. And, there is a rumor that with Microsoft’s follow-up to the Xbox 360, Sony is working on a way to make its next console either reject used games or possibly limit their playability unless buyers of a pre-owned game pay a fee to unlock/register the full game.
Oclaro and Opnext Merger Being Seen as Positive
Oclaro Inc., a supplier of optical communications and laser technology, said Monday that it will merge in an all stock deal with Opnext Inc., the optical module and components vendor. Oclaro has agreed to acquire Opnext in a $179 million deal Monday.
Pink Slime Maker to Suspend Operations at Some Plants
The ‘pink slime’ maker hung up operations at all Monday, but one plant where the beef ingredient is made; acknowledging recent public uproar, over the product has cost the company business. The director of food quality and assurance for Beef Products Inc., Craig Letch, refused to talk about financial details but said that business has taken a ‘considerable’ hit after social media exploded with worry over the ammonia-treated filler and an online petition seeking its ouster from schools drew hundreds of thousands of supporters.
PC Makers Struggle with Shrinking Market Shares
What is most astonishing part about the iPad era, is how completely Apple still controls it. The market was filled with plenty of Smartphone in 2007, when the iPhone came out and it quickly drew new competitors, most notably Android devices.
Volkswagen to recruit 800 new workers in Chattanooga
The German automaker, Volkswagen, said it has plans to generate nearly 800 new jobs at its Chattanooga plant, United States, to speed up production of the Passat. Volkswagen said that with the 200 new jobs Volkswagen plant officials said in January it would create, the factory will provide for a total of 1,000 more slots by the end of 2012 as it tries to keep up with demand for the fast-selling Passat.
Krafts Food Will Now Be Called Mondelez
Northfield, Ill.-based Kraft Foods has declared a plan to rename its corporate identity to Mondelez International Inc. Krafts food said that ‘Mondelez’ is a newly coined word that evokes the idea of delicious world. Monde derives from the Latin word which means world, and delez is an imaginary expression of delicious.
Hewlett-Packard Will Combine Its PC and Printing Units
HP will announce soon about merging its Imaging and Printing Group into its PC-making Personal Systems Group as a way to reduce costs and simplify its business. Under the plan, Vyomesh “VJ” Joshi, who has run HP’s print business for the last 20 years, will step down, and Todd Bradley, head of the PC group, will run the combined division
Red Bull Co-Founder Chaleo Yoovidhya Dies
Thailand’s third- richest man, Chaleo Yoovidhya, co-founder of the energy drink Red Bull, which is popular with partiers, students, truckers and athletes around the globe, has died. The rags-to-riches billionaire who created the Red Bull energy drink and spawned a whole industry of similar caffeine-laced pick-me-ups died in his 80s in his home country.
Apple Will Discuss What to Do With Its $100 Billion Cash
Apple Inc., the world’s most valuable company, plans to discuss its $100 billion in cash and investments in a conference call and is likely to announce a dividend. The move comes as investors have hollered for the company to return some of the money to shareholders.
Samsung Electronics to Supply the Screen for Apple iPad 3
Well, it has been learned that Apple Inc.’s iPad 3 tablet computers go on sale Friday, they won’t be equipped with Sharp Corp.’s liquid crystal display panels because of a delay in the Japanese electronics maker’s delivery. Samsung Electronics Co. will supply the screen for Apple iPad 3 after LG Display Co. and Sharp Corp. didn’t meet the U.S. company’s quality requirements.
