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Why companies really fail and how to turn them around, Part I

June 1, 2004

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Why do some companies fail or continuously underperform? It's a complex question with as many "answers" as there are heads of industries and university scholars.In actuality, the most common reason for business failure is poor cash flow. Most organizations experience severe cash flow problems at...

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AISI: Steel imports up substantially; industry urges import monitoring

May 27, 2004

Based on preliminary U.S. Census Bureau data, the American Iron and Steel Institute (AISI) reported May 25 that the U. S. imported a total of 2,436,000 net tons (NT) of steel in April (up 0.3 percent...

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U.S. durable goods orders fell 2.9 percent in April; March's gain revised up to 5.7 percent

May 26, 2004

May 26, the U.S. Commerce Department said April's durable goods orders fell 2.9 percent, the largest decrease since a 6.0 percent decline in September 2002. However, March's gain was revised up again...

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Alcoa announces price increase on small diameter drawn seamless tubing

May 24, 2004

Alcoa Engineered Aerospace Products has announced a price increase for soft and hard alloy small diameter (under 0.750-in OD) drawn tube in both round and other than round product forms. Base prices...

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U.S. congresswoman Tubbs Jones says loss of Timken devastating to Ohio

May 21, 2004

May 20, Congresswoman Stephanie Tubbs Jones (D-OH) joined the Ohio Democratic Delegation to draw attention to what she called President Bush's failed economic policies and how they continue to hurt...

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First quarter mass layoffs lowest since 2000; 40 percent of employers reporting extended layoffs anticipate recalling employees

May 18, 2004

In the first quarter of 2004, 1,204 mass layoff actions were taken by employers in the private nonfarm economy that resulted in the separation of 239,361 workers from their jobs for at least 31 days,...

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Manzullo to Greenspan: Interest rate hike would stunt U.S. economic recovery

May 12, 2004

On May 10, House Small Business Committee Chairman Don Manzullo (R-IL) urged Federal Reserve Board Chairman Alan Greenspan to keep interest rates level as U.S. companies emerge from recession and...

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April employment statistics show noteworthy job gain in durable goods manufacturing; most gains in fabricated metal products

May 7, 2004

The Bureau of Labor Statistics of the U.S. Department of Labor reported May 7 that nonfarm payroll employment increased by 288,000 in April, and the unemployment rate was about unchanged at 5.6...

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ISG to acquire Georgetown Steel Co.

May 6, 2004

International Steel Group Inc. (ISG) has signed a definitive agreement to acquire the assets of the Georgetown Steel Co. facility in Georgetown, S.C., subject to customary closing adjustments and...

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NAM criticizes Harkin amendment passage: "Politics of fear won out over policy of reason"

May 5, 2004

Washington, D.C., May 4, 2004 – The National Association of Manufacturers (NAM) sharply criticized the Senate for passing an amendment sponsored by Sen. Tom Harkin (D-IA) that would largely...

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Space-saving storage system offered

May 4, 2004

Kasto Maschinenbau offers the KASTOlift, a space-saving standardized storage system that's suitable for a variety of applications, including storing barstock, sheet metal, fixtures, and boxes.The...

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Front-load parts washer accepts most automotive parts

May 4, 2004

Cuda Cleaning Systems offers a front-load, automatic parts washer large enough to accommodate engine blocks and other automotive components.The Cuda 2840 features a 40-in.-high wash cabinet and a...

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Protection system prevents weld head damage

May 4, 2004

The OrbiSmart weld head recognition system from Orbimatic is designed to recognize which weld is fitted to the power supply and deliver the correct output and operation range, preventing weld head...

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Weld head designed for welding tubes to tube sheets

May 4, 2004

Orbimatic's P16M orbital GTAW head can be used for welding tubes to tube sheets for applications such as boilers, heat exchangers, and economizers. The weld head uses a mandrel, which is inserted into...

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Safety relay designed for two-hand applications

May 4, 2004

Norstat Inc. offers the Safe Z.2 series safety relay from Riese Electronic, designed specifically for use with two-hand control applications, such as presses or other hazardous machinery in which a...

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