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Source Match Industrial News

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Big quake aftershocks plague New Zealand city (AP)

New Zealand's Prime Minister John Key, left, speaks to owner Michael Oakley during a visit to a destroyed potato farm in Darfield as he tours earthquake effected areas near Christchurch, New Zealand, Wednesday, Sept. 8, 2010. Key inspected smashed buildings, cracked roads and spoke to residents near the earthquake epicenter. The weekend's powerful 7.1-magnitude quake smashed buildings and homes, wrecked roads and disrupted the central city, though nobody was killed and only two people were seriously injured, which authorities attributed to good building codes and the quake's early-morning timing.  (AP Photo/Rob Griffith)AP - A powerful new 5.1-magnitude aftershock rattled terrified residents of New Zealand's earthquake-stricken city of Christchurch on Wednesday, as officials doubled their estimate for repairing the damage from nearly 300 aftershocks in five days.


Foster's knocks back $2.5 billion offer for wine (Reuters)

A six pack of Fosters beer is displayed in the fridge at a liquor store in Melbourne September 8, 2010. REUTERS/Mick TsikasReuters - Foster's Group Ltd , Australia's largest brewer, knocked back a private equity offer worth up to $2.5 billion for its wine business as too cheap, but the approach could spark offers for the entire group.


Kazakhstan Expects Industrial Production to Expand Annual 7.5% This Year

Kazakhstan expects industrial output to jump 7.5 percent this year on higher mining output and a “recovery in manufacturing,” Economic Development and Trade Minister Zhanar Aitzhanova said.

2 Asteroids to Zoom Between Earth and the Moon's Orbit (SPACE.com)

SPACE.com - Two asteroids will zip close by the Earth Wednesday and may be visible in telescopes as they zip between our planet and the orbit of the moon.

LEGO MoonBot From New Jersey Wins Competition (SPACE.com)

SPACE.com - A team of eighth-grade students from New Jersey has won first place for its miniature lunar rover made entirely out of LEGO pieces.

Japan's intervention hints fail to stop yen rally (Reuters)

A man using a mobile phone stands in front of an electronic board displaying the exchange rate between the U.S. dollar and Japanese yen at a business district in Tokyo September 7, 2010. REUTERS/Toru HanaiReuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.


BP probe to spread blame for spill: report (Reuters)

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)Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.


BP probe to spread blame for spill: report (Reuters)

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)Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.


Obama pitches spending and tax incentives in Ohio (Reuters)

FILE - In this July 21, 2010 file photo, President Barack Obama shakes hands with Sen. Blanche Lincoln, D-Ark. in Washington. The days of Barack Obama traipsing the country in freewheeling campaign mode — with sky-high popularity serving as an asset to all Democratic candidates — are long over. And the White House knows it. (AP Photo/Charles Dharapak, File)Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.


Hermine lashes south Texas (Reuters)

Tropical Storm Hermine in a satellite image taken September 7, 2010. REUTERS/NOAAReuters - 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.


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

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

Asian shares slip as rising yen hits Nikkei (Reuters)

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings.


Industrial court hearing begins into gymnast's death

A hearing into the death of a teenage gymnast has begun in the Industrial Magistrates Court in Townsville in north Queensland.

Film industry hires cyber hitmen to take down internet pirates

The film industry is using pirate tactics to beat the pirates – by employing “cyber hitmen” to launch attacks that take out websites hosting illegal movies.

Gunmen burst into factory in Honduras, kill 18

Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 18 workers and wounding five, Honduran authorities said.

34 rescued from China oil platform accident (AP)

AP - Emergency teams with helicopters rescued 34 workers Wednesday from an oil drilling platform that was leaning dangerously in the East China Sea after a storm, and searched for two others still missing, officials said.

Defense industry at risk from slow demand

Washington (UPI) Sep 7, 2010 The U.S. defense industry, currently top of global rankings with a record $700 billion turnover in 2009, risks losing its pre-eminence due to slowing demand and growing competition from rivals in Asia and South America. Warnings of an impending slump followed a spate of defense cutbacks in Europe, the end of U.S. combat role in Iraq and predictions of a drop in U.S ...

Gunmen burst into factory in Honduras, kill 15

Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 15 workers and wounding eight, Honduran authorities said.

Factory workers massacred

MEN armed with assault rifles have burst into a shoe factory in Honduras and opened fire, killing at least 15 workers.

New top climate change negotiator appointed (AFP)

An industrial facility is pictured near the town of Fort McMurray in Alberta Province. Canada's government Tuesday announced the appointment of a new chief negotiator and ambassador for climate change whose mandate will be to try implement agreements made at the talks in Copenhagen.(AFP/File/Mark Ralston)AFP - The government Tuesday announced the appointment of a new chief negotiator and ambassador for climate change whose mandate will be to try implement agreements made at the talks in Copenhagen.


Industry funds moving on retirement products

More than 80 per cent of industry superannuation funds expect to have some sort retirement solution product in place within the next three years – and half of those expect the services to be delivered by the funds themselves.

Iraq displays hundreds of recovered artifacts (AP)

An AK-47, with Saddam Hussein's image on it, is displayed at the Iraqi Ministry of foreign Affairs in Baghdad, 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 - Iraq 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 Saddam Hussein's image.


Eastday-Industrial production set to slow

China's industrial production growth may slow to about 10 percent in the second half of the year, compared to an average increase of 17.6 percent in the first six months, according to Xin Guobin, a department head at the Ministry of Industry and Information Technology.

Study of Men Dancing Reveals Moves Ladies Love (LiveScience.com)

LiveScience.com - Using computer-generated avatars, psychologists say they have unlocked the dance moves that will capture a woman's heart. Apparently the speed of a man's right knee and the size and variety of movements of the neck and torso are key, they suggest.

Suddenly, a raft of tax-break proposals from Obama (AP)

U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010.  REUTERS/Larry DowningAP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.


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

US computer titan Hewlett-Packard filed a complaint against former chief executive Mark Hurd, pictured in 2007, on Tuesday, a day after he was named a co-president at US business software giant Oracle.(AFP/Getty Images/File/Justin Sullivan)Reuters - 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."


Flow International posts small 1Q loss (AP)

AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.

US judge denies request to lift stem cell funds ban (AFP)

A researcher removes a colony of stem cells from a incubator. A US federal judge denied Tuesday the White House's request to drop his decision to temporarily block federal funding for embryonic stem cell research pending an appeal of the decision.(AFP/Getty Images/File/Darren Hauck)AFP - A US federal judge denied Tuesday the White House's request to drop his decision to temporarily block federal funding for embryonic stem cell research pending an appeal of the decision.


Defense industry at risk from slowing demand

WASHINGTON, Sept. 7 (UPI) -- The United States defense industry, currently top of global rankings with a record $700 billion turnover in 2009, risks losing its pre-eminence due to slowing demand and growing competition from rivals in Asia and South America. United States - Asia - Defense industry - United Press International - South America

Microbes are eating BP oil without using up 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 - Government scientists studying the BP disaster are reporting the best possible outcome: Microbes are consuming the oil in the Gulf without depleting the oxygen in the water and creating "dead zones" where fish cannot survive.


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.

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.


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.


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.

Summary Box: Obama to push for business tax breaks (AP)

AP - NEW MOVES TO AID ECONOMY: President Barack Obama will call on Congress to pass new tax breaks for businesses, a move aimed at spurring more economic growth and job creation.

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 ...

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.

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.


SEC's Schapiro: "Flash crash" report expected by month end (Reuters)

Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.

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.

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...

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.

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!

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.
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