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Find your daily news fix featuring tech-savvy articles impacting the day-to-day lives of design engineers. Updated hourly, we bring you the latest to cross the wires related to motion control, additive manufacturing, electronic components, hydraulics, pneumatics, materials, fastening and more.

Space Systems/Loral wins Aussie satellite contract   2/7/2012
California-based Space Systems/Loral has won a 620 million Australian dollar ($670 million) contract to build two satellites to service remote portions of Australia's national broadband network, which will be among the world's fastest.The government said in a statement Wednesday that the...   Continue
CFO of Denmark's Vestas Wind Systems resigns   2/7/2012
The chief financial officer of Vestas Wind Systems A/S is resigning.The company said in a brief written statement that the board received a briefing Tuesday about the conditions that have led to recent profit warnings, and as a result, CFO Henrik Noerremark is resigning. He had joined the...   Continue
W.Va. lawmakers urged to respond to mine disaster   2/7/2012
West Virginia must hold coal operators accountable for any negligence or misconduct to prevent another Upper Big Branch, the worst U.S. coal mine disaster in four decades, the state's special investigator of that deadly 2010 explosion told lawmakers Tuesday.The investigator, J. Davitt McAteer,...   Continue
Tough NY judge will hear insider trading case   2/7/2012
A judge with a reputation for being tough on white-collar crime was assigned Tuesday to preside over a $78 million insider trading case that rivals the size of the biggest case of its kind ever brought in Manhattan.U.S. District Judge Richard Sullivan took over the case after an indictment was...   Continue
Gov't says hospitals will pay $12M to end inquiry   2/7/2012
The U.S. Department of Justice said Tuesday that a group of 14 hospitals will pay more than $12 million to settle allegations that they converted some outpatient spinal surgeries into more expensive inpatient procedures so they could get bigger payments from Medicare.The Justice Department said...   Continue
Union and Timken reach tentative Ohio agreement   2/7/2012
The Timken manufacturing company says it has reached a new tentative five-year agreement with the union representing workers at three Ohio plants.The company on Tuesday said local members of the United Steelworkers union are to vote on the proposal within two weeks. The Canton-based Timken Co....   Continue
Chemical company fine related to Ohio, Ind. plants   2/7/2012
The Justice Department says a chemical company has agreed to pay $1.4 million in civil penalties for the unauthorized manufacturing of certain substances at plants in Ohio and Indiana.Authorities say the government and Dover Chemical Corp. entered a proposed settlement Tuesday in U.S. District...   Continue
Traffic on Southwest and AirTran falls in January   2/7/2012
Traffic on Southwest Airlines and AirTran fell in January, which was a mixed month for the airline industry.Southwest joined Delta in reporting that traffic fell last month compared with January 2011, while American Airlines and its American Eagle short-haul affiliate both reported...   Continue
Judge OKs sale of Beacon Power to equity firm   2/7/2012
A Delaware bankruptcy judge on Tuesday approved a private equity firm's $30 million offer for an alternative energy company that failed despite a $39 million government loan.Rockland Capital was the winning bidder at an auction last week for assets of Beacon Power Corp., which makes flywheel...   Continue
Agco Corp   2/7/2012
4thQtrYearAgoRevenue$2,520,000$2,170,000Net Inco$285,200$85,200Per Share$2.90$0.87   Continue

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At Issue

Risky Business: Funding Medical Device Innovation
Rahul Sathe, Principal Mechanical Engineer, Surgical and Interventional Products, Cambridge Consultants, www.cambridgeconsultants.com
Extracting Nuggets from the Invention Mine
Tom Tuytschaevers, a member of our Patent Practice Group
Silicon Valley’s Low Down, Dirty Shame
David Mantey, Editor, PD&D
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Novel Rotary-InFlow Technology / Gearturbine Project – Featured Development
GEARTURBINE PROJECT   Atypical InFlow Thermodynamic Technology Proposal Submission Innovative TURBO ROTARY Novel Fueled Motor Engine Type   The Gearturbine comes from the contemporary ecological essential global needs of an efficient power plant fueled motor engine. Power thrust by bar  Continue

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Free Webinar: Retrofitting of Turbomachinery - from Scanned Data to a New Efficient Flow Path
SoftInWay has scheduled the next free webinar on turbomachinery retrofitting techniques used to increase efficiency using AxSTREAM. The webinar will be held on April 28, 2011, at 10 a.m. and 4 p.m. EST.   The SoftInWay team will present the  Continue

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