Latest News

  • As anyone who lives too close to a baseball field knows, glass can be frustratingly fragile. But a new type of glass, made from opaque titanium and zirconium instead of transparent silicon, is harder and tougher—and weighs less—than stainless steel. The California scientists who developed and tested the opaque glass hope it could one day replace steel and aluminum in a wide variety of...
  • Vitro S.A.B. de C.V., Mexico, announced today that has reached stay agreements with Credit Suisse, Calyon, Merrill Lynch, Barclays and Citibank, counterparties of derivative financial instruments, according to a March 17 company release.In accordance with these stipulations, the parties have agreed to a continuance of the deadline for the filling of Vitro’s initial responsive pledging in...
  • On March 3, 2009, Glaston Finland Oy initiated negotiations in accordance with the Act on Co-operation within Undertakings on adjusting the operations of its Heat Treatment business area to the prevailing market situation. The negotiations have concluded, and Glaston Finland will temporarily lay off 200 employees from its entire workforce, excluding service business, for on average...
  • U.S. industrial production fell for the fourth month running in February, dropping by 1.4 percent on weak factory and manufacturing output as global demand has continued to erode.The monthly decline was slightly worse than expected and was driven lower by warmer temperatures across the U.S., which slowed the output of utilities. Industrial output was off by 11.2 percent compared with the same...
  • General Motors Corp. Chief Executive Officer Richard Wagoner met with President Barack Obama’s auto task force today in Washington, a person familiar with the matter said.Wagoner also plans a session with German Economy Minister Karl-Theodor zu Guttenberg later today in Washington, according to a statement released by the German Embassy. The meeting will be about GM and its European...
  • Countries buying Chinese goods should be held responsible for the heat-trapping gases released during manufacturing in China, one of its top officials said Monday.The argument could place an even greater burden on the U.S. for reducing pollution blamed for global warming.Li Gao, China's chief climate negotiator, said that any fair international agreement to curb the gases blamed for global...
  • Aluminum producer Alcoa [parent company of Kawneer NA, Norcross, Ga.] said Monday it plans to slash its quarterly dividend by 82 percent and sell $1.1 billion worth of shares to bulk up its cash cushion amid the recession.The Pittsburgh-based company also said it plans to cut costs by more than $2.4 billion annually by 2010. Alcoa said its actions will reduce capital spending by an...
  • A few words included in one paragraph of the federal government’s massive stimulus package could spell lost business for AGC Flat Glass — unless Northeast Tennessee’s congressman is successful in his bid to amend the law.U.S. Rep. Phil Roe, R-1st District, plans to introduce a bill that would strike a paragraph from the tax credit section of the stimulus plan.The stimulus...
  • Glass Doctor is ranked No. 186 on the AllBusiness AllStar Franchise list of the top 300 franchise opportunities in the United States.Glass Doctor offers mobile window and windshield repair and replacement services locally through the independently owned and operated Glass Doctor of Raleigh.A Dun & Bradstreet publication, AllBusiness selected Glass Doctor for the list based on its recent...
  • Prime Minister Nikola Gruevski and CEO of Turkish company 'Sisecam' Ahmet Kirman, President of the Turkish Sisecam Group Dogan Arikan signed Friday in Skopje [Republic of Macedonia] a memo of understanding on building of a factory for glass production in the free trade zone 'Bunardzik'. The construction of this factory, an investment of Euro 45 million [$58,201,200], will kick off in 2010,...
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