Latest Industrial equipment manufacturing News

Shells hit near nuclear plant; Blackouts roll across Ukraine

Nov. 20, 2022 15:56 PM EST

KYIV, Ukraine (AP) — Powerful explosions from shelling shook Ukraine's Zaporizhzhia region, the site of Europe's largest nuclear power plant, the global nuclear watchdog said Sunday, calling for “urgent measures to help prevent a nuclear accident” in the Russian-occupied facility. ...

Computer chip ban signals new era as Biden and Xi meet

Nov. 12, 2022 00:16 AM EST

WASHINGTON (AP) — The Biden administration's move to block exports of advanced computer chips to China is signaling a new phase in relations between the globe's two largest economies — one in which trade matters less than an increasingly heated competition to be the world’s leading...

Backup power used at Ukraine nuclear site for safety systems

Nov. 03, 2022 17:09 PM EDT

KYIV, Ukraine (AP) — Europe’s largest nuclear power plant was relying on emergency diesel generators to run its safety systems Thursday after external power from the Ukrainian electric grid was again cut off, Ukrainian and U.N. officials reported. Fighting in Ukraine has...

Rockwell Automation: Fiscal Q4 Earnings Snapshot

Nov. 02, 2022 15:23 PM EDT

MILWAUKEE (AP) — Rockwell Automation Inc. (ROK) on Wednesday reported fiscal fourth-quarter earnings of $338.9 million. On a per-share basis, the Milwaukee-based company said it had net income of $2.91. Earnings, adjusted for non-recurring costs, came to $3.04 per share. ...

Asian shares mostly lower as Japan preps massive stimulus

Oct. 28, 2022 00:45 AM EDT

Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market. Tokyo’s benchmark slipped as the government was preparing about $490 billion in stimulus spending to help the world’s No. 3...

South Korean chipmaker SK Hynix worries about China future

Oct. 26, 2022 04:55 AM EDT

SEOUL, South Korea (AP) — South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its manufacturing operations in China if a U.S. crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies. SK Hynix’s chief...

Asian shares mostly lower ahead of price, earnings reports

Oct. 12, 2022 00:07 AM EDT

TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings. Benchmarks fell in Tokyo, Shanghai and Hong Kong but rose in Sydney. In currency trading the...

Deere to expand in Louisiana; 70 new jobs in Thidodaux area

Oct. 11, 2022 17:06 PM EDT

THIBODAUX, La. (AP) — A well known manufacturer of agricultural and construction equipment will create 70 new jobs in Louisiana with a planned $29.8 million expansion of a facility in Thibodaux. The South Louisiana Economic Council and the governor's office said in a Tuesday news...

Asian shares fall as technology shares pull benchmarks lower

Oct. 11, 2022 00:14 AM EDT

TOKYO (AP) — Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks. Taiwan dropped 4% after reopening from a holiday in the first trading session since the U.S. imposed new limits on exports of semiconductors and chip-making...

China lashes out at latest U.S. export controls on chips

Oct. 08, 2022 06:02 AM EDT

BEIJING (AP) — China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S....