Parker Hannifin Corporation (PH) reported fiscal 2010 first quarter net income, which declined 71% to $73.5 million from $250.2 million in the first quarter of fiscal 2009. Earnings per diluted share declined 70% to 45 cents. This was higher than the Zacks Consensus Estimate of 17 cents.  Sales were $2.2 billion in the quarter, a decline of 27% from $3.1 billion in the first quarter a year ago.  In the Industrial North America segment, sales declined 29.3% to $783.1 million and operating income declined 52.5% to $76.2 million, compared with the same period a year ago. In the Industrial International segment, sales declined 30.5% to $850.3 million, and operating income declined 69.5% to $61.8 million compared with the same period a year ago. In the Aerospace segment, sales decreased 12.9% to $416.9 million and operating income declined 22.0% to $53.1 million, compared with the same period ...

HIT's Lithium-Ion Capacity ExpandsHitachi Ltd. (HIT), a Tokyo-based global conglomerate, is expected to supply advanced lithium-ion batteries to General Motors (GMGMQ) in 2010 for use in its gasoline hybrid-electric vehicles (HEV). The deal with GM will increase Hitachi's production capacity for lithium-ion and expand its business in the automotive-related field. It will also meet rising demand for gas-electric cars.Hitachi expects the global market for HEVs to expand from 690,000 units in 2007 to 1.5 million units in 2010. As a result, Hitachi estimates the demand for HEV lithium-ion batteries to overtake that of the current mainstream nickel metal hydride batteries by 2015. Toyota Motor (TM), which currently uses nickel-metal hydride batteries, will start using lithium-ion batteries for its plug-in hybrid cars for the first time.The company ...

a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_T9VXVyuEITg/SSpYq8j_wfI/AAAAAAAAAl0/9kY9DN2tjic/s1600-h/ohio.jpg"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="http://3.bp.blogspot.com/_T9VXVyuEITg/SSpYq8j_wfI/AAAAAAAAAl0/9kY9DN2tjic/s320/ohio.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5272123808625443314" //abr /Long gone are the days when the French system of trading furs in Ohio was synonymous of wealth. Today Ohio’s economy is one of the most dynamic in America. These are some interesting facts about Ohio:br /br /1. Ohio is one of the top consumers of energy in the country.br /2. The state has a biomass energy program aimed to increase development and production of alternative biomass fuels in the state.br /3. In 2007 Ohio’s gross domestic product was $466 billion.br /4. The state’s manufacturing industries are the top producers in the U.S. of plastics and rubber, and electrical equipment and appliances.br /5. Walmart is Ohio’s largest employer, employing over 50,000 workers.br /6. The state’s top exports are automobiles and machinery.br /7. Ohio’s exports account for 4% of the total U.S. ...

AmeriChip International, Inc. (OTCBB: ACII) announced that they have received their first Laser Assisted Chip Control production order from Eaton Corporation. Eaton is a diversified manufacturing company that conducts operations worldwide and has produced over $13 billion in annual revenue.

“Kenneth W. Mann, CEO of AmeriChip, said, “AmeriChip secured the Eaton order because we are the only Tier One supplier* able to offer Laser Assisted Chip Control technology. Based on LACC technology, AmeriChip is the lowest cost supplier. This new Eaton order validates AmeriChip’s unique, patented, proprietary Laser Assisted Chip Control (LACC) technology. Our LACC technology has the potential of reducing costs in the turning manufacturing industry worldwide.”

After the pre-production approval process of 10 gears, the company will begin on the full process, which is expected to be completed by July 31, 2008 with 3,000 parts. After the first ten gears are run through the approval process, AmeriChip

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