Source Match Industrial News
Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure. The report, released on Friday by the Boston Consulting Group (BCG,) found that while China remains the world's No. 1 country in terms of manufacturing competitiveness, its position is "under pressure" as a result of rising labor and transportation costs and lagging productivity growth. The United States, meanwhile, which has lost nearly 7.5 million industrial jobs since employment in the sector peaked in 1979 as manufacturers shipped production to low-cost countries, is now No. 2 in terms of overall competitiveness, BCG said.
(Reuters) - Dell Inc Chief Executive Michael Dell is likely to sell his corporate gardening company ValleyCrest to KKR & Co LP's Brickman unit, the Financial Times reported. ValleyCrest, owned by Dell's family investment office MSD Capital, is expected to fetch about $1 billion and talks for a deal are understood to be advanced, the daily said. (http://r.reuters.com/beq78v) The deal will allow KKR to merge Brickman, bought for $1.6 billion last November, with ValleyCrest to create United States' largest horticultural management business, the report said. ...
By Lisa Twaronite TOKYO (Reuters) - Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 percent. Japan's Nikkei stock average took an opposite track and added 0.5 percent in choppy trade, after opening solidly lower amid disappointment over a failed attempt to reach a U.S.-Japan trade pact.
By Alwyn Scott NEW YORK (Reuters) - Flight attendants at JetBlue Airways are pushing for a vote on whether to unionize, marking a second organizing effort at the formerly non-union airline after pilots authorized joining a union on Tuesday. The flight attendants are working with the Transport Workers Union of America (TWU) to sign authorization cards that would let them hold an election under national labor rules, the TWU told Reuters. "We're getting them in very quickly," Thom McDaniel, a TWU International vice president, said of the cards.
By Tom Bergin and Pamela Barbaglia LONDON (Reuters) - International pressure to curb corporate tax avoidance is behind delays to a $35 billion merger of French advertising group Publicis and U.S. rival Omnicom, and could even scupper the deal, tax advisers and sources close to the deal said. Last July, Paris-based Publicis and New York-headquartered Omnicom announced plans to create the world's biggest advertising group. The new company would be registered in the Netherlands and tax resident in the UK. However, on Wednesday Omnicom Chief Executive John Wren said the Dutch and British tax authorities had, "unexpectedly" so far failed to approve the arrangements, which Omnicom said last year would save $80 million a year in taxes.
By Bill Rigby SEATTLE (Reuters) - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. Microsoft shares are up about 8 percent since company veteran Satya Nadella took over as CEO in early February, and are up 19 percent since his predecessor Steve Ballmer announced plans to retire last August, easily outpacing the Standard & Poor's 500 . Investors are excited about Nadella's focus on mobile and cloud, or Internet-based, computing, designed to take Microsoft beyond its traditional PC-based Windows business. "This quarter is a nice step in the right direction for Nadella and Microsoft," said Daniel Ives, an analyst at FBR Capital Markets.
By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. Amazon's international unit, which accounts for 40 percent of sales, continued to be a drag as sales growth slowed to 18 percent during the quarter. Global unit sales, a closely watched measure of how many items Amazon has sold, also decelerated, rising only 23 percent. "A lot of the things that we've done - making sure that we have the right pricing in place on behalf of the customers, making sure that our service levels are where we need them to be - those are the things we continue to work on in China," Chief Financial Officer Tom Szkutak said during a conference call.
The entrepreneurs complain about the slow flow of investment capital. The investors complain about the lack of good deals. Both groups are right. While there is plenty of money out there, early stage investment in emerging market companies is sluggish at best. Here is where the paradox can be explained.
New genetic evidence casts further doubt on the authenticity of a grisly French relic: a gourd long believed to be stained with the blood of Louis XVI. Scientists sequenced the genome from dried blood inside the 200-year-old gourd and found that it didn't match with the DNA signatures of the king's ancestry, nor did it seem to carry the code for Louis XVI's celebrated traits, like his imposing height and blue eyes. Deposed during the French Revolution, Louis XVI was executed by guillotine in January 1793, months before his wife, Marie Antoinette, fell victim to the Reign of Terror, too. Last year, a group of scientists compared the DNA signatures from blood found in the gourd with the DNA of three modern male relatives of Louis XVI from different branches of the Bourbon line.
When you outline the biggest challenges facing your business today, having the right technology for communications is probably not the top item on your list. But along with making sure you have an effective communication style (more on that in this earlier post), choosing the right technology really should be a top priority. An organization that does not effectively communicate -- to its customers, prospects, employees, partners and vendors -- will likely not survive. ...
The Ronald McDonald of the Internet age is here -- and he's wearing cargo pants. McDonald's unveiled a new look for the famous clown on Wednesday while announcing a new role the character will play in the brand's social media channels around the world. Though Ronald's oversized clown shoes and red hair remain, the fast food giant gave the 51-year-old character a normcore makeover -- or makeunder. His not-quite-on-trend trappings include cargo pants, a vest and a rugby shirt.
A salmonella outbreak that has so far sickened 132 people in 31 states over the last two years has now been traced to a source — pet lizards called bearded dragons, according to the Centers for Disease Control and Prevention. The bearded dragons were purchased from multiple stores in different states, the CDC researchers said today (April 24). The CDC is continuing to watch for other cases that may be part of this outbreak. Bearded dragons are popular pet lizards.
By Sarah N. Lynch WASHINGTON (Reuters) - General Motors revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor. GM disclosed the probes in a regulatory filing after reporting earlier in the day that first-quarter profit tumbled 88 percent due to the recall. The five government investigations are from the U.S. Attorney's Office for the Southern District of New York, the SEC, the National Highway Traffic Safety Administration (NHTSA), a state attorney general, and Congress. GM did not specify which state attorney general is involved.
Southwest Airlines remains one of the most remarkable success stories in American business over the past quarter century. After its first year as a start-up, Southwest has been profitable for 39 consecutive years. It has consistently ranked high in Fortune Magazine's "100 Best Companies to Work For in America. ...
The newly identified Jurassic period creature, a species named Kryptodrakon progenitor that was unearthed in the Gobi desert in northwestern China, was modest in size, with a wingspan of perhaps 4-1/2 feet. But later members of its branch of the flying reptiles known as pterosaurs were truly colossal, including Quetzalcoatlus, whose wingspan of about 35 feet was roughly the same as that of an F-16 fighter. Roughly 220 million years ago, pterosaurs became the first flying vertebrates to appear on Earth, with birds - first appearing about 150 million years ago - and bats - appearing about 50 million years ago - coming much later. Pterosaurs arose during the Triassic period not long after their cousins, the dinosaurs, also made their debut.
By Dan Levine SAN FRANCISCO (Reuters) - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin. The settlement was disclosed in a court filing on Thursday, which did not spell out terms. The case has been closely watched due to the potentially high damages award and a steady disclosure of emails in which Apple's late co-founder Steve Jobs, former Google CEO Eric Schmidt and some of their Silicon Valley rivals hatched plans to avoid poaching each other's prized engineers. Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to refrain from soliciting one another's employees in order to avert a salary war.
By Chuck Mikolajczak NEW YORK (Reuters) - The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check. Shares of Apple Inc , the most valuable U.S. company by market capitalization, jumped 8.2 percent to $567.77, the biggest gain since August, a day after the company posted revenue that far outpaced expectations. Apple also approved another $30 billion stock-buyback plan, raised its dividend and authorized a seven-for-one stock split. The three major U.S. stock indexes had opened sharply higher, with the Nasdaq initially climbing more than 1 percent before turning negative in the first half-hour of trading.
A short video seeks to stem the rising tide of light pollution, which is robbing Earth of its dark night skies. Light pollution doesn't just make it more difficult for professional and backyard astronomers to observe the heavens, according to the 6.5-minute film, which is called "Losing the Dark." The loss of darkness also disrupts wildlife, wastes resources and adversely impacts human health. "Exposure to light at night disrupts the circadian rhythms that regulate our sleep cycles," narrator Carolyn Collins Petersen says in the video, which was created by the International Dark Sky Association in collaboration with Loch Ness Productions as a public service announcement. But we are not powerless in the face of ever-encroaching light pollution, the video asserts.
If your skies are clear before dawn on Friday and Saturday (April 25 and 26), check out the sky low to the east-southeast horizon about 60 to 90 minutes before sunrise for a view of the two brightest objects in the nighttime sky: the moon and the dazzling planet Venus. This "dynamic duo" will make for an eye-catching array in the brightening dawn twilight. Early Friday morning, you will see a lovely crescent moon, about 17 percent illuminated, situated well above and to the right of Venus. They will be widely separated (by about 6 to 7 degrees), but their great brightness will still make them quite attractive. Of course, the moon is about 380 times closer to Earth than Venus, and as such appears to move against the background stars much more quickly than Venus. The moon will pass closest to Venus at 5 p.m. ET tomorrow afternoon at a distance of just over 4 degrees — but of course at that hour it's daytime. [Amazing Night Sky Photos by Stargazers (April 2014)]
Scientists have sequenced the full genome of the tsetse fly, the blood-sucking pest that spreads deadly sleeping sickness in sub-Saharan Africa. "Our goal is to enhance the toolbox that will be available to scientists and communities who are under the pressure of dealing with this disease," lead researcher Serap Aksoy, an epidemiologist at Yale University, told Live Science. Sleeping sickness (also called nagana when it affects cattle) tends to come in epidemics, the last of which occurred during the 1990s, Aksoy said. A major goal, Aksoy said, was to bring together scientists from sub-Saharan Africa and train younger researchers to use the blueprint to fight the disease.