Business and Financial Engineering is fun but at the end of the day you need money with which to carry out your activities. Here we take a look at the news behind the wheeling and dealing that goes on in this industry. Business and financial engineering news really does make the world go round.
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With our three-day weekend having run its course and the throngs about to disperse from their inauguration reverie, earnings season is resuming anew. I'm especially looking forward to next Tuesday's pre-market open announcement of results from Jacobs Engineering (NYSE: JEC), a company that, for my money, merits close Foolish attention. |
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Wednesday 21 January, 2009 08:30 PM |
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Over the last decade , technological advances have driven an avalanche of change, both inside original equipment manufacturers (OEMs) and across their target markets, heating the competition to the boiling point. In this environment there is no acceptable margin for error, especially downstream, where budget overruns and downtime can delay product launches and reduce profit margins. With 80 percent of development costs determined in the early phases of the product lifecycle, to achieve dramatic time and cost reductions designs must be conceived with manufacturing in mind and released to production "error free." |
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Wednesday 21 January, 2009 12:27 PM |
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Alfie Carrington of Clinton Township, Mich. has spent the last 30 years of his life obsessed with science fiction.
What he's hoping to create is science fact.
Within those 30 years, Carrington has invested nearly $60,000 of his own money into the project. What he has to show for it is a 14-foot-wide, carbon fiber, fiberglass vessel. |
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Tuesday 20 January, 2009 02:50 PM |
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Although Tractors India inherited its connection to the crane industry from a generation ago, its current plans to export components to global manufacturers are as forward-looking as any in the industry. Partha Basista reports
Tractors India Limited’s existing 275,000 sq ft factory in Kolkata, India, has its roots in the company’s 1944 deal to distribute cranes made by British manufacturer Coles. As sole Indian distributor for Coles, TIL sold hundreds of 5t–40t diesel electric lattice boom cranes. The business was boosted by the Indian government’s infrastructure building programmes in the two decades following the country’s independence. |
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Thursday 15 January, 2009 03:44 PM |
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American Municipal Power -Ohio signed a contract on Jan. 8 naming Bechtel the engineer-procure-construct (EPC) contractor for the $3.25 billion American Municipal Power Generating Station and granted the engineering firm a limited-notice-to-proceed on the project.
In a joint statement between the two companies, the signing of the contract was called a “a multi-billion dollar investment in Southeast Ohio that will bring significant economic development while helping to stabilize electric power prices.” |
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Saturday 10 January, 2009 02:09 AM |
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The country's economic woes are rarely off the front pages these days. Job losses, bankruptcies, repossessions and debt are soaring, while the pound and house prices collapse.
However, all is not lost. While economic problems look likely to be around for the next few years, there are a number of ways to survive what's coming. |
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Thursday 8 January, 2009 11:49 AM |
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French company ONET Technologies , a division of ONET Group, has bought Gravatom, a UK nuclear engineering company, for an undisclosed sum. Gravatom designs and manufactures nuclear engineering solutions and employs 130 people in two UK sites, in Fareham and Workington.
Gravatom will become part of ONET Technologies, the leader in nuclear decommissioning in France and second biggest in reactor maintenance after Areva.
In 2008, ONET Technologies turned over Eu167m and employed 2,000 people across Europe. The deal was completed on December 23, 2008 and the new company retains the Gravatom name.
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Thursday 8 January, 2009 07:40 AM |
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An army of ironworkers , masons, carpenters and laborers are swarming the campus of the University of Michigan these days, as the university undertakes a construction campaign budgeted at $2.5 billion, ranking it among the largest university building programs in the United States. |
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Friday 2 January, 2009 11:52 PM |
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The two accompanying charts record what is happening with respect to employment in the design services in Canada . The first chart shows the numbers on employment, as derived from the labour force survey (LFS) of Statistics Canada. The second takes the absolute numbers in the first chart and records them as year-over-year percent changes. |
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Friday 2 January, 2009 11:47 AM |
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DESPITE the bleak economic outlook on the horizon for many industries, the oil and gas sector continues to grow. NOF Energy members remain optimistic about the future of their business within this sector with most companies having full order books and will probably not see any downturn, if indeed there is one, for at least the next 24 months. |
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Saturday 13 December, 2008 01:00 AM |
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Bully for the President , the President-elect, and Congress: They all supported the Executive Branch showering literally trillions of taxpayer dollars on the economy’s generally incompetent (or generally criminal?) Big Finance sector – with virtually no conditions or oversight provisions. But now Washington has drawn a clear line in the sand, and insisted that the beleaguered Detroit automakers show them detailed “plans” for viability before providing a relatively small (by Washington standards) bridge loan.
And bully for the automakers, their own worst enemies: They’ve followed their instructions after a disastrous initial round of Washington begging, and seem poised to receive temporary support – though clearly what tipped the balance was last Friday’s government report showing 533,000 American jobs lost in November. |
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Friday 12 December, 2008 10:58 PM |
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Coming up with ideas for new products is all about getting the maximum number of people involved in the process.
“The more minds on the job, the more ideas,” declared Professor John Bessant, addressing a seminar at the Cambridge University Institute for Manufacturing’s Annual Technology Symposium.
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Friday 12 December, 2008 12:09 AM |
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How do machinery and equipment manufacturers keep up with worldwide competition? With (energy) efficient solutions! “Mechatronics, miniaturization, piezo technology and systems technology are catchwords which aren’t just pointing the way towards more efficiency in emerging business areas like photovoltaic,” says Dr. Eberhard Veit, chairman of the board of directors at Festo AG.
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Thursday 11 December, 2008 08:08 PM |
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Magna International Inc , a well-known name in the global automotive industry, makes components as well as fully built cars for third-party OEM. It has four joint ventures in India, but in an interview with Business Line, its Executive Vice-President (Asia Pacific), Mr Frank O’Brien, says Magna intends to set up more engineering centres and manufacturing plants in India. Excerpts:
Magna has ten businesses worldwide. Only four of them are in India.
We are looking at ensuring that all our operating units, except Car Top Systems, are represented in India in the next three to five years, either in the form of ‘engineering centres’ or manufacturing plants — either as wholly-owned subsidiaries or joint ventures. |
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Wednesday 10 December, 2008 08:38 AM |
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One of Muskegon's proudest industrial giants is being disassembled brick by brick. Franklin Contractors of Muskegon is bringing down and recycling nearly every scrap of the 13 buildings on the 5-acre site.
But it isn't simply tearing down an old, obsolete factory. It is removing a major piece of Muskegon's industrial history where thousands of workers were able to provide solid, middle class lifestyles for their families. The Sealed Power plant that traces its history back to 1912 is a legacy of Muskegon's heavy industrial past -- employing approximately 1,500 workers at its peak.
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Tuesday 9 December, 2008 02:23 AM |
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Why do so many infrastructure projects go over budget? Some of the world's largest projects are case in points such as the Channel Tunnel where the cost overruns were legendary. Closer to home, the Worli Bandra Sea Link is a current example. Infrastructure projects were formerly the sole remit of government, therefore budgets mattered less because tax payer's money was available to bail out problem projects. However, PPP (Public Private Partnership) projects need to be more tightly estimated since they do not have such a safety net. Developers, bankers, contractors and engineers regularly take a beating over this. The likelihood of a project coming within budget depends upon the accuracy of the cost estimate but also on other factors. |
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Monday 8 December, 2008 02:17 PM |
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A glorious torch , crowds of people and colorful flowers are Jim McIlvenny's beautiful memories of taking part in the Beijing 2008 Olympic Games Torch Relay in Tianjin this summer.
"What has impressed me the most are the people," says McIlvenny, the US-based Dow Chemical Company Asia Pacific & Greater China president. "Giving me a warm welcome and taking photos with me enthusiastically. They didn't treat me like a foreigner. I felt I am just one of them."
"It's the same with our company's business in China," he says. "We act like a Chinese company." |
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Monday 8 December, 2008 08:13 AM |
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Rolls-Royce today announced plans to work together with AREVA, the French nuclear power plant and services provider, on jointly agreed programmes which will see the first new nuclear reactors built in the UK for over 20 years. Rolls-Royce and AREVA have agreed a memorandum of understanding (MoU) and will work together on supply chain development, manufacturing and engineering services.
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Sunday 7 December, 2008 12:13 PM |
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A week is a long time in the high-octane world of Formula One racing . At least it is when there's a recession on.
Last Wednesday, Ron Dennis, the boss of the McLaren F1 team, known within the sport as 'Formula One's kingmaker', confidently told The Observer: 'Formula One tends to be the last into a recession and the last out.' He explained that because most teams' sponsorship deals were several years long, recessions usually didn't have an immediate impact on the sport.
Barely 24 hours later, Takeo Fukui, the president of Honda, choked back tears when he announced that the Japanese firm was pulling out of Formula One racing. Some 700 workers at its base in Brackley, Northamptonshire, have been told to expect redundancy letters before Christmas. |
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Sunday 7 December, 2008 06:12 AM |
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Tempe taxpayers are on the hook for a contractor's bill that has topped $302,000 and is still ballooning for work that some say could have been avoided if the city had followed recommendations outlined more than two years ago.
The city hired the contractor after an industrial accident last year at Tempe's Kyrene water-reclamation plant exposed five municipal workers to toxic-gas levels that exceeded state and federal regulations.
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Sunday 30 November, 2008 02:52 PM |
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HYDERABAD: The DuPont Knowledge Centre (DKC), which was inaugurated at the ‘Genome Valley’ on the campus of the ICICI Knowledge Park here on Friday, proposes to work on inventing flexible thin-film solar photovoltaic modules. “I am thinking of this. They should work on a roller-type of thing without occupying much space and available even at a kirana shop at an affordable price,” said Director, DKC, Homi Bhedwar. |
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Sunday 23 November, 2008 01:32 PM |
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