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Source Match Industrial News

Business Highlights (AP)

AP - BP report blames itself, others for oil spill

US government sends oil clean-up bill to BP (AFP)

A person scoops crude oil from an oiled marsh near Brush Island, Louisiana, in May 2010. The US government Wednesday sent a sixth bill to BP for clean-up costs related to the Gulf of Mexico oil spill, bringing the total to date to 389.9 million dollars, officials said.(AFP/Getty Images/File/Win McNamee)AFP - The US government Wednesday sent a sixth bill to BP for clean-up costs related to the Gulf of Mexico oil spill, bringing the total to date to 389.9 million dollars, officials said.


Battle of oil titans as BP seeks to shift blame for spill (AFP)

A US Coast Guard handout image of fire boat response crews as they battle the blazing remnants of the BP operated off shore oil rig, Deepwater Horizon, in the Gulf of Mexico on April 21, 2010. A string of failures by BP and other companies led to the Gulf of Mexico oil disaster, the British energy giant concluded Wednesday as it sought to head off possible multi-billion-dollar US lawsuits.(AFP/USCG/File)AFP - BP sought to spread the blame for the Gulf of Mexico oil disaster Wednesday, setting off a battle of oil industry giants with tens of billions of dollars in potential fines and legal liabilities at stake.


Shanda Games 2Q net income drops 16 percent (AP)

AP - Shanda Games Ltd., a Shanghai-based online game company, said Thursday its second-quarter net income fell 16 percent as revenue from both casual and multiplayer games declined.

Wall Street climbs in low-volume session (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.


Coffee hits 13-year high; retail prices also up (AP)

AP - Coffee prices hit a 13-year high Wednesday, extending a rally that has sent prices up about 43 percent in the past three months.

Obama firm: won't yield on tax hike for wealthiest (AP)

President Barack Obama delivers remarks on the economy,Wednesday, Sept. 8, 2010,  at Cuyahoga Community College West Campus in Parma, Ohio. (AP Photo/Pablo Martinez Monsivais)AP - Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans — and some fellow Democrats — just two months before bruising midterm elections.


Obama: U.S. can't afford to extend tax cuts for rich (Reuters)

US President Barack Obama (R) walks with Senior Advisor David Axelrod in 2009. Axelrod was among many White House staffers who appeared stunned late Tuesday when Richard Daley, dubbed Reuters - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.


Going Deep: The Future of Technology in the NFL (LiveScience.com)

LiveScience.com - In the years ahead, the National Football League looks set to dial up some new tech blitzes that will make the game fairer and safer.

Analysts: BP report supports case, buoys investors (AP)

FILE - In this April 21, 2010 file aerial photo taken in the Gulf of Mexico more than 50 miles southeast of Venice, La., the Deepwater Horizon oil rig is seen burning. Before the key piece of evidence has even been analyzed, oil giant BP PLC on Wednesday, Sept. 8, 2010, planned to release the conclusions of its internal investigation into the rig explosion that killed 11 workers and led to the massive Gulf of Mexico spill. (AP Photo/Gerald Herbert, File)AP - BP took a step Wednesday towards reassuring investors that it wasn't solely to blame for the Gulf oil spill — and that it won't have to foot the entire cost.


Court asked to keep stem cell money flowing (AP)

AP - The Obama administration is asking a federal appeals court to lift an order blocking federal funding for some stem cell research, a day after being turned down by the judge who issued the order.

AP Source: New GM CEO wants automaker to beat BMW (AP)

FILE - This undated file photo provided by The Carlyle Group on Thursday, Aug. 12, 2010, shows Daniel F. Akerson, then, managing director and head of global buyout of The Carlyle Group. Akerson, the new General Motors CEO, is telling employees Wednesday, Sept. 8, 2010, to go into attack mode to stay ahead of competitors like BMW AG instead of responding to them. (AP Photo/The Carlyle Group) NO SALES.AP - General Motors' new CEO told employees that the automaker needs to make cars and trucks that are better than those of competitors such as BMW.


Crisis CEOs Sullivan and Peek find new jobs (Reuters)

Reuters - Two former chief executives who were criticized during the financial crisis for driving their firms to the brink have found new homes.

Immune System Genes Show Links to Type 1 Diabetes (HealthDay)

HealthDay - WEDNESDAY, Sept. 8 (HealthDay News) -- The exact cause of type 1 diabetes is still unknown, but international researchers have found a link between the blood sugar disorder and a network of immune system genes.

Jupiter Dazzles In the Night Sky (SPACE.com)

SPACE.com - The planet Jupiter is back in the night sky and has something for every amateur astronomer to enjoy.

Governor Rendell: Natural Gas Severance Tax Needed to Continue Protecting Environment, Aid Impacted Communities (PR Newswire)

PR Newswire - CHESTER COUNTY, Pa., Sept. 8 /PRNewswire-USNewswire/ -- A proposed severance tax on the natural gas industry could help to continue Pennsylvania's investments in important environmental projects well into the future and help affected communities deal with the impacts of drilling, Governor Edward G. Rendell said today while addressing a coalition of organizations dedicated to protecting the state's natural resources.

Bankers urge government to pull plug on Fannie, Freddie (Reuters)

Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.

Official: 2nd killed in flooding swamping Texas (AP)

Caretaker Frankie Donison follows Florence Dobrey, in wheelchair, as Arlington firefighters Dale Alexander and Caleb Caballero rescue them from their flooded home in Woodland Park neighborhood in Arlington, Texas Wednesday, Sept. 8,  2010. Rain spawned by Tropical Storm Hermine caused flooding in Arlington.   (AP Photo/Star-Telegram/Joyce Marshall)AP - Authorities say flooding from the remnants of Tropical Storm Hermine has killed a second person who was swept away from his pickup truck.


Turtle egg rescue at space center billed success (AP)

FILE - In this July 10, 2010 file photo released by NASA, the first group of hatchlings from endangered Kemp's ridley sea turtle eggs brought from beaches along the Gulf Coast are released into the Atlantic Ocean off NASA's Kennedy Space Center in Cape Canaveral, Fla. The turtle rescue effort at NASA's Kennedy Space Center is winding down. Nearly 300 sea turtle nests were trucked to the space center from the Gulf Coast in July and August. Wildlife officials organized the relocation because of fears the oil spill might endanger the hatchlings. (AP Photo/NASA, Kim Shiflett, File)  EDS NOTE: PHOTOS TAKEN WITH A RED FILTER ON LIGHT AND CAMERA TO PROTECT THE HATCHLINGS; EDITORIAL USE ONLYAP - The unprecedented turtle rescue effort at NASA's Kennedy Space Center is winding down.


Peanut industry back to work after salmonella case

WASHINGTON (AP) — The peanut industry executive whose filthy processing plants were blamed in a salmonella outbreak two years ago that killed nine people and sickened hundreds more is back in the b...

BP and partners trade blame for oil spill (Reuters)

Reuters - A BP Plc investigation of the Gulf of Mexico disaster played down its own role in the world's worst offshore oil spill and pointed the finger at what it said were failures by contractors.

(AP)

AP - Consumer borrowing falls again in July as credit card use falls for 23rd straight month.

Google seeks to speed up Web searches (Reuters)

Reuters - Google Inc unveiled a set of enhancements to its Internet search engine on Wednesday that predict search queries as users type, promising to speed up the time it takes to find information online and to generate more searches on the website.

Industrial development proposed in Holbrook

Officials are considering a proposal to develop an industrial park and extend an Avon roadway to Holbrook to reach it. Former planning board chairman and industrial development committee member William Pritchard outlined his plan during the board of selectmen’s Aug. 24 meeting. Pritchard, who first pitched the idea to the board a few months ago, said that 350 acres of undeveloped land off Spring ...

Summary Box: Ireland to split Anglo Irish Bank (AP)

AP - SPLIT: Ireland plans to split its most troubled financial institution, Anglo Irish Bank, into a "good" deposit bank and a "bad" toxic-debt bank. The move comes as the nation seeks to reassure international lenders that it is dealing with the Irish debt crisis.

Would you like 1 hump or 2 with your dinosaur? (AP)

This undated handout image provided by the journal Nature shows a hypothetical reconstruction of the flesh-eating dinosaur. The weird world of dinosaurs has just gotten a tad more bizarre. Scientists found a nearly complete fossil of a new dinosaur that sports a noticeable hump, maybe as advertising. (AP Photo/Nature)AP - The weird world of dinosaurs has just gotten a tad more bizarre. Scientists found a nearly complete fossil of a new dinosaur that sports a noticeable hump, maybe as possible advertising.


Quasimodo dino leaves experts grappling for a hunch (AFP)

Handout photo released by Nature magazine and the Universidad Nacional de Educacion shows the reconstitution of a new species of dinosaur, Concavenator corcovatus, with an unusual hump-like structure of the vertebrae and a series of small bumps on the ulna, discovered in Spain according to a study published today by Nature Magazine.(AFP/Nature/Raul Martin)AFP - Palaeontologists in Spain have discovered the remains of a strange dinosaur with a hump that they believe is the forerunner of flesh-eating leviathans which once ruled the planet.


Water main break at space center stalls shuttle (AP)

Canadian Astronaut Chris Hadfield checks out equipment on the space shuttle Endeavour in 2001. Hadfield in 2013 will become the first Canadian to command the International Space Station (ISS), the Canadian Space Agency announced Thursday.(AFP/NASA-HO/FILE)AP - A water main break at NASA's spaceport put launch preparations on temporary hold Wednesday for the next-to-last shuttle flight.


Factory-built home earns LEED Platinum rating

The U.S. Green Building Council has given a LEED Platinum rating to a factory-built home in East Hampton. Built by New Jersey-based New World Home, the pre-constructed home is the first of its kind on Long Island to earn a LEED certification, according to a company statement. New World Home founder Tyler Schmetterer said the financial benefits [...]

Freddie Mac to issue new 5-year note due 2015 (AP)

AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.

Industrial Metal Supply Co. Expands Selection, Services With New Irvine Location

Bringing a unique shopping experience to Orange County consumers, Industrial Metal Supply Co. â a full-line metals service center â is launching a new walk-in center in Irvine, with an interior design and operational flow created specifically to accommodate small-purchase customers and to make the buying process a pleasant experience.

Vacant Factory Getting Much-Needed Makeover

Empty for 16 years, an old factory in New Haven is getting a new lease on life.

Space Shuttle Move Delayed By Broken Water Pipe (SPACE.com)

SPACE.com - NASA's plan to move the space shuttle Discovery out of its hangar in preparation for its final voyage has been delayed at least a day because of a water main break at the Kennedy Space Center in Florida.

PETA says video shows cat, dog abuse at NC lab (AP)

AP - An animal-welfare group believes workers at a North Carolina research lab abused dogs, cats and rabbits, and the activists released what they said was undercover video of caretakers handling the animals violently.

IT industry terms Ohio's outsourcing ban 'discriminative'

Indian IT industry today termed the Ohio state's bill to ban outsourcing of its IT projects discriminative and counter-productive to the US government thrust on reducing public deficit.

Kansas factory worker, 36, charged with murdering burned teen

GREAT BEND, Kan. — A 36-year-old factory worker who spent much of his adult life in prison was charged Tuesday with sexually assaulting and murdering a 14-year-old girl whose badly burned body was found behind gravel piles at the asphalt plant where he worked.

Summary Box: Mortgage lending falls 1.5 pct (AP)

AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

Pharmaceutical Industry Insiders, VIPs All Coming Together for Future of Pharma Market, Pharmaceutical Competitive ...

PARSIPPANY, N.J., Sept. 8 /PRNewswire/ -- Today every major pharmaceutical industry executive searches for ways to succeed when looking toward the future of pharma. In an unprecedented move, they're all coming together in just a few weeks. All the big names in pharma. All in one place. That's the scene you'll find on September 21-22, 2010 at the Pharma CI Conference & Exhibition at the ...

Motor industry workers demand equality

Motor industry workers took to the streets on September 1 demanding equality in the work place and wage increases. Members of the National Union of Metalworkers of South Africa (Numsa) protested in Pretoria North’s business district insisting that their demands be met.

Industrial AS/AR Control enhances warehousing efficiency.

Targeting industrial equipment organizations, KardexRemstar Controls 3000 (C3000) provides features for transaction visualization, adjustable speed parameters, and restricted accessibility. Integrated features include 5.7 in. color display, graphical HMI, and numeric membrane keyboard. Storage location of items can be selected when used with proprietary AS/AR equipment, and operators can also ...

Shoe factory shooting leaves 18 dead

SAN PEDRO SULA, Honduras, Sept. 8 (UPI) -- A shooting in a shoe factory in northern Honduras left 18 people dead and several others injured, police said. Honduras - San Pedro Sula - Central America - Police - Travel and Tourism

Industry Ventures Announces Multiple Investment Team Promotions

Secondary Team Adds Industry Veteran Victor Hwang as Managing Director and Promotes Will Quist and Dan Stevens

German industrial output edges higher: ministry

German industrial output edged 0.1 percent higher in July from the June level, adjusted data showed on Wednesday after a sharp drop in orders suggested that the economy could be cooling down.

German Industrial Production Up 0.1% In July

German Industrial Production Up 0.1% In July

Industrial ETFs Could Get Lift From Obama

President Obama is mulling a number of business-focused proposals that should boost popular industrial sector-related ETFs.

July industrial output growth seen up 7.7%

Industrial output growth probably picked up to 7.7 per cent in July from a year earlier, the median forecast of 21 economists showed. Annual growth had slowed in June to 7.1 per cent from 11.5 per cent in May.

German Industrial Production Rises Less Than Forecast

Industrial production in Germany, Europe’s largest economy, rose less than economists forecast in July, suggesting the recovery is losing momentum.

The nation's weather (AP)

The Weather Underground forecast for Wednesday, Sept. 8, 2010 shows that as a low pressure system moves eastward from the Great Lakes, it will pull a cold front with it. The front will extend from the Northeast, down the Mid-Atlantic, and into the Gulf states, triggering showers and thunderstorms throughout the day. (AP Photo/Weather Underground)AP - Tropical Depression Hermine was expected to slowly weaken as it moved farther inland.


Jordan Industrial Production Drops 6.3% in July as Manufacturing Declines

Jordanian industrial production fell 6.3 percent in July from a year earlier as manufacturing and electricity output declined.

Light bulb factory closes; End of era for U.S. means more jobs overseas

WINCHESTER, VA. - The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s. Light - Business - Business and Economy - China - Incandescent light bulb
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