Dow Chemical is looking to spin off or sell about 40 manufacturing plants from its business as it continues to move away from cyclical commodity products.The company said Monday that it expects those deals to happen within the next one to two years. Almost 2,000 workers will be affected by the moves.
Perhaps the best idea that is most frequently abandoned across almost every industry is that of capturing lessons for posterity and for sharing to other teams and people, and also using those captured lessons to effectively educate or successfully learn from others’ mistakes.
In short, an inert object is “activated” to supplement human limitations. It is not hard to see the analogy with IoT. Isn’t it, after all, about converting an everyday thing, heretofore lifeless, into something which can communicate and possibly work some kind of task, however minute, assigned to it?
A new whiskey created in Kentucky features a blend of age and scarcity that spiked demand — and its price.As a result, whiskey fans including celebrities and corporate chiefs are angling to snatch up limited stocks of Michter's Celebration Sour Mash Whiskey for nearly $4,000 per bottle.
Construction on the factory stopped in August 2011 when Mamtek failed to make a required bond payment. Since then, more than a dozen lawsuits have been filed to assign blame for bondholder losses, including a criminal case pending against former Mamtek CEO Bruce Cole.
A fire early Sunday swept through an illegal, makeshift dormitory in a Chinese-run garment factory in Tuscany, killing seven, firefighters said. The blaze, which partially collapsed the factory's roof, broke out in a loft where 11 people were sleeping, said fire inspector Stefano Giannelli.
General Motor Corp. says Bob Socia, the president of GM China, will retire on Jan. 1. The company said Friday Matthew Tsien will replace Socia. Tsien, 53, is in charge of planning and program management for GM China and GM Consolidated International Operations and Strategic Alliances for China.
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the nation's worst offshore oil spill, a jury is set to hear the Justice Department's case against a former company employee accused of trying to stymie the federal investigation.
Nixon on Friday called a special legislative session to begin Monday in order to approve an economic incentives package of up to $150 million annually that he said must be completed quickly before Boeing decides where to the build the new commercial airplane.
Pilots are becoming so reliant on the computer systems that do most of the flying in today's airliners that on the rare occasions when something goes wrong, they're sometimes unprepared to take control, according to aviation safety experts and government and industry studies.
German steel company ThyssenKrupp has agreed to sell its U.S. steel plant business to two competitors for $1.55 billion. Following extended speculation over the deal, ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. said Friday they will jointly acquire the ThyssenKrupp Steel USA.
In Mexico's booming auto industry, the cars rolling off assembly lines may look identical, but how safe they are depends on where they're headed. Vehicles destined to stay in Mexico or go south to the rest of Latin America carry a code signifying there's no need for antilock braking systems, electronic stability control, or more than two air bags, if any, in its basic models.
The Bel Brands USA facility is on track to be completed late next year and product testing will begin in March. Bel Brands makes Mini Babybel and The Laughing Cow cheese wedges. The company has said it will invest about $100 million in the plant that will employ 200 people initially.
The privately owned SpaceX Falcon 9 rocket has experienced several technical issues this year and two attempts to launch on Thanksgiving were aborted. SpaceX says it will try again in a few days to launch the 7,000-pound satellite into geostationary orbit.
The finance ministry said in a statement that officials will explore the possibility of joining the Trans-Pacific Partnership through the preliminary negotiations. The move is a first step and doesn't commit South Korea to becoming part of the agreement but the trade ministry has been talking up its benefits for the economy.
In a landscape dotted with massive crumbling relics of Spartanburg County's textile heritage, it might seem impossible for a smaller outfit to beat the odds. But Green Textile Associates Inc., which has been family-owned for four generations, has continued to thrive. The company will celebrate its 76th anniversary this year.
German automaker VW has begun construction at its Chattanooga plant for an extension of its assembly parts shop warehouse. The extension will triple the warehouse capacity to more than 300,000 square feet. It is expected to be completed by August. The on-site expansion will eliminate the need for two external staging warehouse.
Angry workers set fire to one of Bangladesh's largest garment factories, destroying the nine-story building, because of rumors that a fellow worker had been killed in a clash with police, a company official said Friday. No casualties were reported because the factory was closed at the time.
The owner of a New Hampshire gunpowder plant where an explosion killed two workers has been sentenced to 10 to 20 years in prison. Craig Sanborn, of Maidstone, Vt., was convicted last month of manslaughter and was sentenced Wednesday.
Before the 2007 ethanol requirement, the conservation program had grown every year for nearly a decade. Farmers began leaving the program almost immediately after the mandate. Meanwhile, Congress cut money for the program, reducing the amount of farmland that could be placed in conservation.