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Source Match Industrial News

Industrial relations specialist Stephen Ben Carter passes on

FORMER Director of Industrial Relations in the Ministry of Labour and Social Security Stephen Benjamin Carter, has passed on. He died on Monday, August 30, 2010 after a brief illness.

Booming China auto industry facing over-capacity: Govt

Booming China auto industry facing over-capacity: GovtBooming China auto industry facing over-capacity: Govt

Minimum wage factory shutdowns head for talks

Efforts to resolve the stand-off over the payment of the minimum wage between the National Bargaining Council for the Clothing Manufacturing Industry and factory owners will begin on Monday when all the parties meet with national government representatives.

Suzuki to build new auto plant in India (AFP)

Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.(AFP/Gabriel Bouys)AFP - Japan's top minicar maker Suzuki Motor Corp. is to build a new auto assembly plant near the Indian capital New Delhi in a bid to meet growing demand in the country, a newspaper reported on Sunday.


Booming China auto industry faces over-capacity

China should end preferential policies for automotive companies in order to curb over-capacity in an industry where sales jumped 55 percent in August, a government official said.

BP: Crews lifting device from Gulf face delay (AP)

The Deepwater Horizon blowout preventer is lifted onto the deck of the Helix Q4000 in the Gulf of Mexico near the coast of Louisiana, Saturday, Sept. 4, 2010. (AP Photo/Patrick Semansky)AP - Investigators looking into what went wrong in the Gulf of Mexico oil spill are a step closer to answers now that a key piece evidence is secure aboard a ship.


Key oil spill evidence raised to Gulf's surface (AP)

The Deepwater Horizon blowout preventer is lifted onto the deck of the Helix Q4000 in the Gulf of Mexico near the coast of Louisiana, Saturday, Sept. 4, 2010. (AP Photo/Patrick Semansky)AP - Investigators looking into what went wrong in the Gulf of Mexico oil spill are a step closer to answers now that a key piece evidence is secure aboard a ship.


Spirits industry splits on ballot

Ballot measures asking voters to privatize liquor in Washington are turning parts of the alcohol industry against one another.

Hotel industry all set for expansion:SIHRA

Chennai, Sep 4 : The hotel industry in the south is heading for a massive expansion with 119 new hotels set to add about 11,000 additional rooms, Mr T Natarajan, Secretary, South India Hotels and Restaurants Association (SIHRA) said today.

Unchecked auto industry growth could harm China's economy: official

Unchecked expansion of China's auto industry encouraged by local authorities could harm the wider economy, a central government official said Saturday, warning excess capacity must be "resolutely" stopped.

Busted BP well no longer 'threat' to Gulf (AFP)

The Macondo well, which spilled an estimated 4.9 million barrels of oil into the Gulf of Mexico, has been secured and no longer constitutes AFP - The Macondo well, which spilled an estimated 4.9 million barrels of oil into the Gulf of Mexico, has been secured and no longer constitutes "a threat," a senior US official said.


As a Hurricane, Earl Looked Like 'Magnificent Chaos' From Space (SPACE.com)

SPACE.com - The former Hurricane Earl put on a striking weather display for astronauts on the International Space Station, impressing the crew with its strength even as it weakened to a tropical storm.

On Months-Long Missions, How Durable Is An Astronaut's Mind? (SPACE.com)

SPACE.com - As an international team of volunteers in Russia approaches the three-month mark in its ambitious simulation of a 520-day flight to Mars, researchers are keeping a close watch on how the six men are physically and psychologically coping.

IMF's Lipsky says moderate world recovery underway (Reuters)

John Lipsky, the International Monetary Fund's first deputy managing director, answers a reporter's question after the meeting of G20 finance and central bank deputies in Gwangju, south of Seoul, September 5, 2010. REUTERS/Lee Jae-WonReuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.


Engineer Predicted Deepwater Horizon's Oil Slick Spread (LiveScience.com)

LiveScience.com - As the Deepwater Horizon oil spill unfolded earlier this summer, a mechanical engineer helped cleanup crews keep up with the moving target by developing a steady stream of forecasts that predicted where the oil slick would spread several days in advance.

Suzuki to build India factory

TOKYO - JAPAN'S Suzuki Motor Corp is planning to build a new factory in India capable of producing more than 250,000 vehicles a year, the Nikkei business daily reported on Sunday. Suzuki aims to start operations at the new plant as soon as 2013, the newspaper reported without citing a source.

Torrential rains kill 18 in Guatemala (Reuters)

People cross a flooded street on a makeshift balsa in Villahermosa, Tabasco state, Mexico, September 4, 2010. REUTERS/Luis LopezReuters - At least 18 people were killed in Guatemala on Saturday, including a dozen on a bus that was buried in a landslide, as heavy rains lashed the Central American nation and southern Mexico.


Venezuela OKs payment for French retailer Casino (Reuters)

Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

BP Gulf well "secured," awaiting final kill: U.S. (Reuters)

Reuters - BP Plc's ruptured Gulf of Mexico oil well is secure with no threat of spewing crude again, the top U.S. official overseeing the spill response said

EDF may face criminal trial over Greenpeace affair (AFP)

The logo of French energy giant Electricite de France (EDF) in the Business district of La Defense, outside Paris. Prosecutors have called for French state energy giant EDF, accused of spying on environmental campaigners Greenpeace, to face criminal trial, EDF lawyer Alexis Gublin said Saturday.(AFP/File/Loic Venance)AFP - Prosecutors have called for French state energy giant EDF, accused of spying on environmental campaigners Greenpeace, to face criminal trial, EDF lawyer Alexis Gublin said Saturday.


Trichet calls for united EU at the IMF (AFP)

Jean-Claude Trichet, Governor of the European Central Bank, gives a press conference at the Ambrosetti Forum at the Villa d'Este hotel in Cernobbio on the Como Lake, northern Milan. European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.(AFP/Olivier Morin)AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.


Industry fears over cheaper coins

Vending machine companies warn cheaper "steel" 5p and 10p coins being considered by the Treasury could cost the industry millions of pounds.

The nation's weather (AP)

Breezy conditions and a few lingering showers are likely in the Northeast, while rain and even a few snow showers will form in the Intermountain West Sunday Sept. 5, 2010.  Areas of showers and thunderstorms will also move through Florida. (AP Photo/Weather Underground)AP - The remnants of Hurricane Earl took aim at Nova Scotia early Saturday after a brush with the Northeast that was far less intense than feared, dumping heavy, wind-driven rain on Cape Cod cottages and fishing villages accustomed to nor'easters.


Raj industry department, IFC sign MoU to promote biz

Rajasthan Industry Department and International Finance Corporation (IFC), a World Bank Group member, have signed an MoU to promote the state as an attractive investment destination.

Dream Factory sending Jefferson City family to Florida

In just a matter of days, young Grayson Smith's dream will come true. Grayson and his family will embark on a trip of a lifetime, made possible by the Dream Factory of Lake Ozark.

China tells state companies to explore Potash bid (Reuters)

Potash Corp mill general superintendent Trevor Berg holds a handful of chicklet potash inside the Cory mine facilities near Saskatoon August 19, 2010. REUTERS/David StobbeReuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.


Egg industry alarmed at efforts to limit or ban small cages

Egg industry alarmed at efforts to limit or ban small cages

Exclusive: American Apparel in talks with restructuring firm (Reuters)

Reuters - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.

Restaurant industry wants more details on McDonnell ABC plan

Virginia's restaurant industry said Friday it won't take a position on Gov. Bob McDonnell's proposed tax on restaurant liquor sales until it know more about the rest of the governor's plan. The Virginia Hospitality & Travel Association said it "takes great interest in the proposal of ABC privatization." Restaurant sales ...

Sacramento eatery takes 'dancing shrimp' off menu (AP)

AP - A Sacramento restaurant agreed to stop serving live shrimp after an animal-rights group said the practice was cruel to the shellfish.

Taxpayers likely to face initial loss on GM IPO: sources (Reuters)

FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of 'Toy Story 3,' at The El Capitan Theater in Los Angeles. General Motors Co. said Friday, Sept. 3, 2010, Tim Allen will be a spokesman for the brand and will star in a series of TV ads for the 2011 Chevrolet Cruze that begin airing on Tuesday. (AP Photo/Katy Winn, file)Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.


Summary Box: Unemployment rate rises to 9.6 pct (AP)

AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.

Biotech salmon safe for eating: FDA (Reuters)

Reuters - A biotechnology company's genetically engineered salmon are as safe to eat as other Atlantic salmon, U.S. regulators said as they weighed approval of the first DNA-altered animal for Americans' dinner plates.

Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

An oil platform off the coast of Brazil. Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.(AFP/File/Antonio Scorza)AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.


Campbell reports Q4 profit rise on better margins (AP)

In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J.  The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop.  (AP Photo/Mel Evans)AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.


Stocks rally as jobs data spurs optimism (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.


Industrial Alliance buys Golden State Mutual business for US$11 million

Industrial Alliance Insurance and Financial Services Inc., Canada’s fourth-biggest insurer, said Friday it has acquired the life insurance policies of California-based Golden State Mutual for US$11 million.

First Industrial Realty Trust Declares Preferred Stock Dividends

First Industrial Realty Trust, Inc. , a leading provider of industrial real estate supply chain solutions, today announced that its board of directors declared a dividend of $0.45313 per depositary share on its 7.25% Series J Cumulative Redeemable Preferred Stock for the quarter ending September 30, 2010 payable on September 30, 2010 to stockholders of record on September 15, 2010. Â

Obama planning new package of economic aid (AP)

President Barack Obama reports on the economy as the latest unemployment figures are released,  Friday, Sept. 3, 2010, in the Rose Garden at the White House in Washington.  (AP Photo/J. Scott Applewhite)AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.


MGIC added $1.2B in mortgage coverage in August (AP)

AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.

Industrial Alliance buys Golden State Mutual business for US$11M

QUEBEC - Industrial Alliance Insurance and Financial Services Inc., Canada's fourth-biggest insurer, said Friday it has acquired the life

Clams befouling Tahoe invade Adirondack lake in NY (AP)

In this Aug. 30, 2010 photo, Dan Marelli, of Tallahassee, Fla., a biologist and scuba diver specializing in mollusks, holds Asian clams found in Lake George, in Bolton Landing, N.Y. Scientists consider the clams arrival a stroke of bad luck that could cause ecological and economic harm. They hope to smother the rapidly reproducing mollusks before they spread. (AP Photo/Mary Esch)AP - A thumbnail-sized clam blamed for clouding the azure bays of Lake Tahoe high in the Sierra Nevada has now turned up in a mountain-ringed Adirondack lake renowned for its limpid, spring-fed waters.


Spending cuts before 2011 could hurt recovery: IMF, ILO (AFP)

The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.(IMF)AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.


Wine industry facing difficult few years

The wine industry has endured a tough few years, but those tough times appear not to be over just yet. Agribusiness editor Neal Wallace reports overproduction of grapes and plummeting asset values will force vineyards and wineries to amalgamate, and some to fail. read more

Industrial Alliance Acquires Golden State Mutual Business

Industrial Alliance Insurance and Financial Services Inc. announces that it has completed today the acquisition of the in-force life policies of California-based Golden State Mutual .

Financial, Industrial Stocks Lead Canadian Market

Financial, Industrial Stocks Lead Canadian Market

Electric Industrial Pump is Class 1 Division 2 compliant.

Designed for pumping in potentially hazardous industrial environments, 6 in. model DV-150iE Industrial Duty pump handles solids to 3 in., flows to 2,600 gpm, and head to 195 ft. Pump, when combined with pipe and tanks, offers complete solution for liquid-handling in industrial duty applications. This story is related to the following: Fluid and Gas Flow Equipment Sponsored by: SNAP-TITE INC ...

Crafting a Career in Eco-Chic Jewelry (BusinessWeek)

BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.

Industrial agriculture is unsafe — it's time to clean the henhouse

The latest salmonella outbreak underscores the failures of industrial farming, writes columnist Nicholas D. Kristof. Jamming chickens into small cages is a nightmare for the animals — and the salmonella outbreak underscores that it can be a health hazard to humans as well.

S'pore factory output down

FACTORY output is showing signs of faltering with a key indicator suggesting that Singapore's manufacturing sector has shrunk for the first time in 16 months. The Purchasing Managers' Index (PMI), a barometer of factory production, fell to 49.4 in August, an early warning sign of slowing output given that a reading of less than 50 indicates contraction.
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