Interesting engineering news and general interest to get you through the week. » Latest Engineering News » Business and FinancialBusiness 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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Clipped to the Drawing Board by Administrator
AMD has kissed Mario Rivas good-bye and turned processor development over to Randy Allan, the head of its star-crossed server and workstation business, reporting to president and COO Dirk Meyer. Allan is now the new head of AMD’s Computing Solutions Group, responsible for the bulk of the company’s revenues.
The company also set up a newfangled centralized engineering operation that’s supposed to focus AMD’s engineers and IP portfolio on “the strong business opportunities in front of us,” Meyer said in a statement.
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Friday 16 May, 2008 04:27 AM |
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Clipped to the Drawing Board by Adam Crighton
HOUSTON — KBR Inc.'s proposed $550 million acquisition of an Alabama engineering and construction company is further evidence of its drive to expand its presence in industrial construction, the top executive of the military and engineering contractor said Tuesday.
KBR, well known for its role as the Pentagon's biggest private contractor in Iraq, announced Tuesday it will buy privately held BE&K Inc. of Birmingham, Ala., as part of a strategy to expand its engineering and construction operations.
....click the link to read more
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Friday 9 May, 2008 10:05 AM |
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Clipped to the Drawing Board by Dave Ellery
German business confidence in Latin America has returned. And German firms are not unduly worried about the rising populism
For the last 2-3 years Latin America has attracted a lot more attention than usual from the German business community. The reasons for this are obvious: more growth and less volatility in the region.
....click the link to read more
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Wednesday 7 May, 2008 10:30 AM |
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Clipped to the Drawing Board by George Tan
In a bid to strengthen its presence in the global markets, Elecon Engineering Company Ltd , the flagship engineering company of Anand-based Elecon Group, is eyeing overseas acquisitions. It plans to acquire an engineering company either in Western Europe or the US.
....click the link to read more
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Saturday 3 May, 2008 02:29 AM |
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Clipped to the Drawing Board by Yan Chu
INTERNATIONAL investors and analysts gave a solid reception yesterday to BG Group's stunning plan to spend almost $13 billion in cash to take over major oil, gas and electricity concern Origin Energy.
"It's a very substantial premium when you look at current market conditions" that have already placed a high value on Origin shares, according to Campbell McComb, a fund manager at Armytage Private, which holds Origin shares.
"They have come in with a pretty big cash offer and in this market most people I think would be happy to accept a cash offer on these terms." A shock pre-trading announcement in Australia said BG Group had told Origin it was proposing to offer $14.70 a share for all of Origin's shares, a premium of almost 40 per cent to the previous close of $10.47.
If it goes ahead, the proposal will be the biggest ever in Australia's resources sector ahead of the $10 billion Shell bid for control of Woodside in 2001, which was controversially blocked on national interest grounds by the then Federal treasurer Peter Costello.
....click the link to read more
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Thursday 1 May, 2008 06:15 PM |
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Clipped to the Drawing Board by George Tan
Calling all engineers ! If you're in school for engineering or you already have a degree in the field, your skills are in hot demand. A talent shortage makes engineering the hardest job to fill in the U.S., according to global staffing firm Manpower.
....click the link to read more
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Wednesday 30 April, 2008 06:06 AM |
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Clipped to the Drawing Board by Rose Shah
Competition and change can either destroy or bring out the best. And this is true for individuals as well as for companies. In today’s dynamic world , there are two aspects to this point. You can either engineer and drive the change and be the competition or face the competition by reacting to the change. The key tool – if you are to win – in both conditions is innovation.
....click the link to read more
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Saturday 26 April, 2008 10:58 PM |
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Clipped to the Drawing Board by Adam Crighton
GUANGZHOU,China, Textile firms, once an export engine of China , are fighting for their survival this year with rising costs and dismal overseas market hit by the subprime crisis.
Those firms wooing foreign buyers at the 103rd China Import and Export Fair, the largest trade fair in the country also called the Canton Fair, felt the pinch. Few buyers visited their exhibition stall, and fewer still signed contracts.
William Lowry, an American clothing buyer, came to the fair for the 20th time this year. It was different from previous years because this time he just looked, he did not buy.
"Chinese engineering and product competitiveness was not much as it was. I'm thinking of buying from other countries. The reduction in tax rebates and the devaluation of the dollar have made Chinese products 20 percent higher than what it was."
"Twenty percent means I'm looking elsewhere," William said.
....click the link to read more
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Sunday 20 April, 2008 06:18 PM |
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Clipped to the Drawing Board by Sean
India’s reigning status as the global outsourcing hub is no longer a matter of international contention. Few, however, are aware of the country’s proven product engineering capabilities within the outsourcing arena. As consumer electronic companies try and bridge the gap between long product development cycles and the need for a speedy go to market strategy, it is time to take a serious look at the outsourcing of product engineering in consumer electronics.
....click the link to read more
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Thursday 17 April, 2008 06:08 PM |
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Clipped to the Drawing Board by Ali Hamoud
Mitsui Engineering & Shipbuilding Co ., Japan's second-largest shipbuilder by sales, forecast profit will rise 64 percent in three years, aided by record demand. The shares gained the most in two weeks.
Operating profit may reach 54 billion yen ($534 million) in the year through March 2011, from 33 billion yen estimated for the year just ended, the Tokyo-based company said today in a statement. Sales are forecast to rise 27 percent to 800 billion yen in three years. No net income targets were given.
....click this link to read more
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Wednesday 16 April, 2008 02:06 AM |
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Clipped to the Drawing Board by George Tan
VIJAY Mallya is in a rush. His helicopter is waiting for him at Battersea heliport for the short hop to Stansted where his private jet is primed for a business trip to New York.
It will be a brief visit in a non-stop schedule, but before he heads off he has agreed to make time to talk about something close to his heart: Scotch whisky.
On Tuesday, Mallya will fly in to Glasgow where he is due to give the keynote speech at the World Whiskies Conference and is expected to be a big draw. He doesn't know exactly what he will say yet – "I don't write speeches" – but the conference will be a chance to talk about the "Indian opportunity".
....click this link to read more
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Tuesday 15 April, 2008 02:08 AM |
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Clipped to the Drawing Board by Barot Casha
Mumbai: India is pitching for increased engineering and investments from Russia , especially in the proposed petrochemical and petroleum investment regions (PCPIR), as both countries seek to widen bilateral economic engagement during Prime Minister Victor Zubkov's visit.
Industry association Assocham, meanwhile, suggested a joint action plan along with Russia and the other two BRIC countries to avert an economic slowdown triggered by the US financial crisis.
....click the link to read more
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Saturday 12 April, 2008 02:00 AM |
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Clipped to the Drawing Board by Yan Chu
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China's quarterly trade surplus fell for the first time in more than three years, underscoring the risk that weakening demand will slow the world's biggest driver of engineering and economic growth.
The trade surplus declined 10.2% to about $US41.6 billion ($45 billion) in the three months to March 31 from a year earlier, according to calculations by Bloomberg News based on trade data released by the Ministry of Commerce. The official statistics are due to be released by the Customs Bureau tomorrow. ....click the link to read more
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Friday 11 April, 2008 02:02 AM |
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Clipped to the Drawing Board by Ryan
Troubled tunnel operator Eurotunnel turned the corner today into its first annual, if modest, net profit since opening for rail traffic through the Channel tunnel between France and Britain in 1994.
The tunnel, considered in some quarters as a modern wonder of the world, was a giant feat of engineering but turned into a giant headache for its financiers, mainly bond holders, but also for thousands of shareholders, most of them French who lost most of their investment.
....click the link to read more
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Wednesday 9 April, 2008 02:25 PM |
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Clipped to the Drawing Board by Ali Hamoud
Changes to regulations on recycling and China’s thirst for raw materials are pushing up values in the business of rubbish
Rust, junk and bent metal are proving a rich seam for scrap merchants, the modern-day engineering Steptoes who have become millionaires thanks to soaring metal prices and tightening of rules on recycling.
Caricatured in the BBC comedy series as a rag-and-bone dealer, the typical scrap merchant is now an affluent businessmen, the cart and horse abandoned in favour of a Bentley Turbo.
....click the link to read more
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Monday 7 April, 2008 10:01 PM |
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Clipped to the Drawing Board by jackson Browne
In 1978, when Jim Howland stepped down as chairman of CH2M Hill after 30 years, he left the firm something to remember him by.
It was a small book — a pamphlet, really — a dozen 4-by-6-inch pages of homespun business maxims interspersed with a handful of wry cartoons.
The idea was to communicate the basic principles the firm was built on: Do quality work. Keep faith with the client. Maintain high ethical standards. Hire good people and reward their efforts.
Now, 30 years later, the business Howland launched with three fellow Oregon State University engineering graduates has mushroomed into one of the largest design firms in the world, with more than 24,000 employees, $5.1 billion in annual revenues and a long list of prestigious projects that includes managing the Panama Canal expansion, coordinating facilities design for the 2012 London Olympics, and engineering the world’s greenest city in the desert of Abu Dhabi.
....click the link to read more
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Monday 7 April, 2008 02:06 PM |
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Clipped to the Drawing Board by Dave Ellery
AMID the heady decadence of the Roaring Twenties in Berlin there arrived a man carrying a suitcase containing everything he owned. In his pocket he had a few Reichsmarks but barely enough for a city revelling in extravagance and extremes.
He looked provincial, which he was, and decidedly out of place. But Gustav Krone had not exchanged the engineering, blackened skyline and smokestacks of the Ruhr to abandon himself to the fleshpots of Berlin.
He was the eldest of a family of 10 children from Remscheid and was out to make his fortune. Within a few short years Krone had Berlin at his feet - the best tables in restaurants, the attention of government ministers.
....click the link to read more
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Sunday 6 April, 2008 06:01 PM |
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Clipped to the Drawing Board by Rose Shah
Chennai: Education level, availability of qualified engineers, quality of engineers, flexibility, cost efficiency of labour when compared to Europe and the US, and the philosophy and the interest of Indian engineers to learn and to look for improving existing designs, not just to copy.
.....click the link to read more
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Thursday 3 April, 2008 02:14 AM |
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Clipped to the Drawing Board by Tony Elmasri
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Deteriorating demand in both domestic and export markets led to a solid contraction of Japanese engineering and manufacturing output during March and an overall worsening of operating conditions for the first time in five months. Inflationary pressures showed no signs of abating either, with rates of increase in both input and output prices reaching fresh survey highs at the end of the first quarter. ....click the link to read more
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Wednesday 2 April, 2008 10:09 AM |
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Clipped to the Drawing Board by Administrator
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WESTINGHOUSE is planning a nuclear renaissance that will use Britain as a springboard to supply engineering and reactors to the whole of Europe, creating more than 15,000 jobs in Britain.
Stephen Tritch, president and chief executive of the US-based reactor maker, which is owned by Toshiba, said Britain was one of four main markets on which Westinghouse was concentrating because of the Government's stated intention to develop a fleet of new-generation nuclear power stations. ....click the link to read more
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Saturday 29 March, 2008 06:16 AM |
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Clipped to the Drawing Board by Administrator
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Daewoo Shipbuilding & Marine Engineering Co. , the world's third-largest shipyard, rose by the most in four months in Seoul trading on the government's plan to begin selling a $3.6 billion controlling stake in the company.
State-owned Korea Development Bank and government-run Korea Asset Management Corp. are selecting an arranger to sell their entire 50.4 percent stake in Daewoo Shipbuilding, Kim Young Kee, executive director at the Seoul-based bank said today. ....click the link to read more
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Thursday 27 March, 2008 10:05 PM |
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