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Source Match Industrial News

Factory output seen at 10%

Annual growth in Chinese factory output will slow to 10% in the second half of this year, a government has said. Beijing's drive against property speculation will reduce demand for everything from steel and cement to furniture.

2 asteroids to whiz harmlessly past Earth (AP)

AP - NASA says two small asteroids discovered just days ago will zip harmlessly past Earth on Wednesday, a double flyby that should be visible through a telescope.

Gov't launches plan to help "underwater" borrowers (AP)

In this Aug. 8, 2010 photo shows a foreclosure sign in front of a home in Los Angeles, Calif. The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth. (AP Photo/Paul Sakuma)AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.


U.S. judge refuses to lift ban on govt stem cell funds (Reuters)

Reuters - A U.S. judge on Tuesday refused to lift a ban on federal funding of human embryonic stem cell research despite warnings from the Obama administration that it would set back key research and cost more than a thousand jobs.

Market falls amid Europe bank worries (Reuters)

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidReuters - Stocks fell in very light volume on Tuesday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week.


DOE giving $575 million in carbon capture grants (AP)

AP - The Energy Department said Tuesday it was awarding $575 million for carbon capture research-and-development projects in 15 states.

Post-holiday pump prices should slide (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.


HP sues to stop ex-CEO Hurd joining Oracle (Reuters)

Mark Hurd, chairman, CEO and president of HP speaks at the Fortune Brainstorm Tech conference in Pasadena, California, in this July 24, 2009 file photo. REUTERS/Fred Prouser/FilesReuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."


NASA Team to Trapped Miners: No Alcohol or Cigarettes (LiveScience.com)

LiveScience.com - After spending almost a week in Chile, a team of NASA personnel sent to provide nutritional advice and psychological support to 33 trapped miners reported Tuesday that the efforts of the Chilean government have been outstanding so far, and the focus needs to be on long-term strategies that will allow the men to live sustainably underground as a community.

Conservatives hammer candidates over 'cap and trade' (McClatchy Newspapers)

McClatchy Newspapers - FREDERICA, Del. — Conservative Republicans around the country are using cap and trade — a way to limit global-warming pollution — as a political weapon to attack GOP moderates as well as Democrats.

BP to publish oil spill report on Wednesday: company (AFP)

BP will publish an eagerly awaited report on the causes of the Gulf of Mexico oil spill on Wednesday, the company announced.(AFP/File/Leon Neal)AFP - BP has announced it will publish an eagerly awaited report on the causes of the Gulf of Mexico oil spill on Wednesday.


Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

Microbes munch oil, haven't robbed Gulf of oxygen (AP)

In this undated image provide by the journal Science, microbes degrade oil, indicated by the circle of dashes, in the deepwater plume from the BP oil spill in the Gulf, as documented in a study by Berkeley Lab researchers.  The newly discovered type of oil-eating microbe, which is suddenly flourishing in the Gulf of Mexico, was discovered by scientists studying the underwater dispersion of millions of gallons of oil spilled into the Gulf following the explosion of BP's Deepwater Horizon drilling rig. (AP Photo/Science/AAAS)   NO SALES.AP - Federal scientists are reporting the best possible scenario for BP's leaked oil: Microbes are munching the underwater oil, but not robbing the Gulf of Mexico of much needed oxygen or creating so-called "dead zones."


Toyota offers free Hispanic pride stickers (AP)

AP - Toyota Motor Corp., hoping to solidify its standing as the top brand for Hispanic buyers in the U.S., is offering drivers a series of stickers that celebrates their Hispanic heritage.

Sinochem approaches Temasek on Potash bid (Reuters)

Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

Congress Republicans wary of Obama economy plan (Reuters)

FILE - Chicago Mayor Richard M. Daley, right, talks with then Democratic presidential candidate Sen. Barack Obama, D-Ill., in Chicago. Daley, 68, announced Tuesday, Sept. 7, 2010, that he is not running for re-election. Daley was elected to the state Senate in 1972 and as Cook County state's attorney in 1980. He became Chicago mayor in 1989 when he won a special mayoral election after the death of Mayor Harold Washington.(AP Photo/Charles Rex Arbogast, File)Reuters - Republicans in the Congress showed little willingness to help President Barack Obama approve $350 billion worth of measures to boost the economy with midterm elections less than two months away.


Boston Industrial Leasing Activity Steady In Q2

Industrial activity for areas north and south of Boston remained steady in the second quarter, with very few large deals transacting, according to a recent report from Jones Lang LaSalle.

INDUSTRY & ECONOMY

INDUSTRY ASSOCIATIONS: Mining cos say no to sharing profits, offer more to royalty fund Mining outfits opposing the Government's proposal to share profits with land losers are now willing to increase their contribution from 10 to 26 per cent to a royalty-linked development fund for the welfare of such ...

Hermine lashes south Texas, 3 other storms possible (Reuters)

Reuters - Tropical Storm Hermine barely maintained its tropical storm status on Tuesday as 40 mile per hour winds kept lashing south Texas and the storm moved further inland about 15 miles south-southeast of San Antonio, Texas, the National Hurricane Center said.

Study Finds Industry-funded Drug Trials Yield More Favorable Results

Drug trials funded by industry are more likely to report positive outcomes than are trials funded by other sources. They also are less likely to be published within two years of completion of the study. Those findings come from a study published in the Aug. 3 issue of Annals of Internal Medicine.

Digital River buys Journey Education Marketing (AP)

AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.

2 Asteroids to Pass Earth Closer Than the Moon (SPACE.com)

SPACE.com - In an unprecedented event for astronomers, two asteroids will swing past the Earth Wednesday at a distance closer than the moon.

NIH to use BP cash to study spill health effects (Reuters)

Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in this handout photograph taken on April 21, 2010 and obtained on April 22. REUTERS/U.S. Coast Guard/Handout/FilesReuters - The U.S. National Institutes of Health said on Tuesday it would use $10 million from BP to start a multiyear study to look at the potential health effects from the oil spill in the Gulf of Mexico.


Iraq displays hundreds of recovered artifacts (AP)

Artifacts are displayed at the Iraqi Ministry of foreign Affairs in Iraq, Tuesday, Sept. 7, 2010. Hundreds of Iraqi artifacts looted from museums and archaeological sites across the country have been returned to Iraq. The display is part of Iraqi efforts to repatriate its looted cultural heritage. (AP Photo/Karim Kadim)AP - Iraqi officials displayed hundreds of recovered artifacts Tuesday that were among the country's looted heritage and span the ages from a 4,400-year-old statue of a Sumerian king to a chrome-plated AK-47 bearing the image of Saddam Hussein.


EU OKs new financial supervision deal (AP)

From left, European Central Bank President Jean Claude Trichet, Belgian Finance Minister Didier Reynders, and Spanish Finance Minister Elena Salgado speak during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers meet Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.


EU moves on bank taxes skid into trouble (AFP)

Taxation commissioner Algirdas Semeta pictured during an interview in Shanghai on September 2. Much-vaunted EU plans to tax banks skidded into trouble after moves to clamp down on big-spending governments also hit buffers despite broad agreement on Tuesday to regulate the financial sector.(AFP/File/Philippe Lopez)AFP - Much-vaunted EU plans to tax banks skidded into trouble after moves to clamp down on big-spending governments also hit buffers despite broad agreement on Tuesday to regulate the financial sector.


Scientists Drill into Ancient, Underwater Coral Reef (LiveScience.com)

LiveScience.com - A voyage to the outer edges of Australia's Great Barrier Reef has brought back pieces of an ancient, fossilized ancestor to the vast, living ecosystem.

Casey's 1Q profit falls on fees, expenses (AP)

AP - Casey's General Stores Inc., which is fending off a hostile takeover bid, said Tuesday that its fiscal first-quarter profit fell 16 percent on fees related to evaluating the takeover offer and higher operating expenses. Its revenue rose 14 percent.

Lebanon industrial buildings to be auctioned

Two industrial buildings in Lebanon will go to auction at 2 p.m. Sept. 14, the real estate group handling the auction today said.

Kan. factory worker charged with murdering teen girl whose burned body was found at workplace

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 gra...

Google to start TV service in U.S. this autumn (Reuters)

Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

Industry veteran Bob Clements dies

STAMFORD, Conn.—Industry veteran Robert Clements, a former Marsh & McLennan Cos. Inc. executive who played a key role in the development of the Bermuda insurance market, died Saturday. The cause was cancer. He was 77.

Republicans could handle US economy better: poll (AFP)

The American flag flying next to the US Capitol dome in Washington, DC. A new national poll released on Tuesday revealed that Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats.(AFP/File/Karen Bleier)AFP - Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats, according to a new national poll released Tuesday.


Service Executive Industry Board Adds Two Technology Industry Experts to Drive Service Revenue Standards and Thought ...

SAN FRANCISCO--(BUSINESS WIRE)--ServiceSource®, the service revenue performance company, and the Service Executive Industry Board (SEIB), an independent industry body created to share best practices, address industry issues, and shape the future direction of service and subscription revenue for high tech, healthcare and life sciences vendors, today announced Polly Sumner, global services and ...

Three Industrial Warehouses To Be Sold at Auction - Two Will Sell Regardless of Price!

Three industrial warehouse/office buildings will be sold on-site at auction on September 28, 29, and 30. These properties are located in Greensboro, NC, Fort Wayne, IN, and Cantonment, FL. Â The Greensboro and Fort Wayne properties will be sold regardless of the price!

Service Executive Industry Board Adds Two Technology Industry Experts to Drive Service Revenue Standards and Thought ...

SAN FRANCISCO----ServiceSource®, the service revenue performance company, and the Service Executive Industry Board , an independent industry body created to share best practices, address industry issues, and shape the future direction of service and subscription revenue for high tech, healthcare and life sciences vendors, today announced Polly Sumner, global services and chief adoption officer ...

Industrial Controls Releases Sourcebook

Wanamassa, NJ - August 30, 2010 - Industrial Controls Distributors LLC, the leading distributor of HVAC, process instrumentation, and valves, is pleased to announce the release of their first sourcebook. The 1,200 page full color catalog is the most comprehensive ever combining the controls, instrumentation and valves used by commercial and industrial facilities throughout the country. The 19 ...

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.

UK industry opposes any North Sea drilling ban

Britain's leading oil industry association argued Tuesday that it is unnecessary to impose a moratorium on new drilling in the North Sea until the Gulf of Mexico spill is fully investigated because British regulation is better, making a similar disaster there unlikely.

Ancient city by the sea rises amid Egypt's resorts (AP)

With a five star hotel in the background, a man walks by restored Roman pillar tombs of the ancient city of Leukaspis  a well known Greco-Roman port overlooking the Mediterranean Sea at the costal resorts of Marina,  Egypt Sunday, Aug. 29, 2010. Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a thriving Greco-Roman port city, boasting villas of merchants grown rich on the wheat and olive trade.  (AP Photo/Nasser Nasser)AP - Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a thriving Greco-Roman port city, boasting villas of merchants grown rich on the wheat and olive trade.


The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...

German factory orders post sharp fall in July - Summary

Berlin- German factory orders fell sharply in July following a slump in foreign demand, data released Tuesday showed.

German Factory Orders Unexpectedly Declines in July, Risk Aversion Regains its Footing

The euro has come back under pressure, and has broken below both the 10 and 20-day SMA’s. Meanwhile, German factory orders unexpectedly declined in July.

Samsung warns DRAM oversupply on weak PC sales (Reuters)

Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.

German July Factory Orders Fall Unexpectedly

(RTTNews) - Germany's factory orders declined 2.2% in July from the prior month, the Federal Ministry of Economics and Technology said on Tuesday. Economists were expecting factory orders to rise 0.5% after increasing 3.6% in June.

German Factory Orders Unexpectedly Decline as Demand for Exports Weakens

German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe’s largest economy is losing momentum.

German Factory Orders crash land

FXstreet.com (Barcelona) - The Factory Orders indicator in Germany published by the Federal Ministry of Economics and Technology plunged 2.2% in the monthly comparison and 14.0% in the year over year indicator for July, slowing down considerably from prior months.

German factory orders post sharp fall in July

Berlin- German factory orders fell sharply in July, data released Thursday showed, raising fresh concerns about the outlook for Europe's biggest economy.

Factory Orders Contract Sharply in July

German factory orders in July fell by 2.2% missing expectations of a 0.5% expansion according to the Economy Ministry in Berlin. The drop was most unexpected and comes amid weakening demand from the euro-region for German produced goods, suggesting that the recovery in Germany may slow in the third quarter, after its blistering pace in Q2. Axel Weber, Germanys central bank president said ...

Romania Industrial Turnover, New Orders Decline In July

(RTTNews) - Romania's industrial turnover and new orders decreased in July from the previous month. The total industrial turnover decreased 7.3% on a monthly basis in July, a report by the National Institute of Statistics showed on Tuesday.
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