Wall Street closes for good friendly economic data

NEW YORK (Dow Jones) - After three days in a red ground, Wall Street on Thursday supported by surprisingly strong economic data closed positive. Searched were mainly financial and pharma stocks. Only the technology-heavy Nasdaq, the rates were changed after yesterday's outperformance on average, barely.

 

The Dow Jones index of 30 industrial stocks climbed by 0.7% or 58 points to 8556. The S & P 500 rose 0.8% and 8 points on 918th The Nasdaq Composite closed unchanged at 1808 points. Implemented were 1.01 (Wednesday: 1.32) billion shares. It had 1743 gains against 1255 losers, 105 tracks closed unchanged.

 

"More than anything else will make better economic data continued to ensure that the setbacks in this market not be very strong," commented one analyst. Each time the seller had ventured out to be, come back better news, he added. He is confident that it will go up because the economic tide has made it seemingly imminent and will have other politically initiated stimulus packages.

 

On reporting day, there was support from the economic side: good weekly U.S. labor market data, a surprisingly positive Philly Fed Index and the index of leading indicators for the development of the U.S. economy pointed to a continued cyclical brightening.

 

The number of recipients of unemployment benefits has declined over the previous week to 148,000 - that is the highest drop since November 2001. Who by the Reserve Bank of Philadelphia calculated diffusion index for general business in the region in June surprisingly strong risen to minus 2.2, while economists had only expected to increase to minus 18.0 from 22.6 previously.

 

Searched were especially financial stocks. The Dow recovered about Bank of America increased by 4.9% to $ 12.90 and JP Morgan Chase 4.4% to $ 34.17 and were thus day's winner. Goldman Sachs climbed by 2.4%. The day before Barack Obama made a major reform of financial supervision in the United States had announced that would give the Fed a significant increase in power. In addition to the rating grades of S & P for a number of regional banks, this had on the previous day contributed to the losses in the sector.

 

Pharma stocks continued their generally positive trend of the week. The Dow gained 3.6% to $ 25.65, Merck and Pfizer 2.3% to $ 14.92. "Pharma shares are going well, because the laws are already priced in but not so bad and not so soon be as feared," said one trader.

 

On the other hand, the Nasdaq lost 6.1% to $ 14.13 SanDisk. Needham Research had downgraded the stock to "underperform" from above "Hold" and an oversupply in the flash memory chip reference, which should make for lower prices. The Dow was Caterpillar with minus 2.1% to $ 34.08 the biggest losers. The heavy equipment and machinery  supplier had informed that the retail sales of machines in North America in the three months to 31 May in the previous year has fallen by 57%.

 

Journalists journey to energy efficiency

"Innovation is both the use of fossil fuels such as coal, gas and oil, as well as the inexhaustible sources of energy absolutely necessary if we are to achieve our climate change objectives. They bring dynamic growth along the entire value chain from extraction to conversion until use. In the energy created sustainable jobs, "said Minister Dr. Axel Horstmann journalists during today's journey. The focus of the day trip focused on the geothermal heat pump technology with high-efficiency power plant components and innovative drive systems for wind turbines and mining equipment. Stages of the journey is a heat pump in settlement Hamminkeln, Balcke-Dürr GmbH in Oberhausen and the group Eickhoff Bochum.

 

Heat pumps settlement "to the old school" in Hamminkeln-Mehrhoog

 

In Hamminkeln formed under the auspices of the German Federal settlers on a 12,000 sqm plot a settlement with three detached houses and twelve semi-detached houses. The energy needed for heating rooms and hot water supply is provided exclusively with geothermal energy using heat pump technology.

 

Heat pump system compared to conventional heat production is significantly higher initial investment. But the running costs during the operation are much lower because the heat energy from the free world is available. Although the the most common heat pumps are powered by electricity, the environmental performance of such heating systems is positive. The increasing share of renewable energies in electricity generation will improve the balance even further in the future. The economy in the heat pump's true - to a 15-year operation period expected - the heat supply to the town in Hamminkeln without public support economically.

 

Despite these positive conditions, heat pumps in Germany are only 2 - 3 percent of new buildings installed. This is partly due to insufficient information on the economic and environmental benefits of this heating system. With the "heat pump marketplace NRW State Initiative on Future Energies NRW of these deficits should be eliminated. In addition, the Geological Survey of NRW on behalf of the state government has prepared a study on the near-surface heat resources of the earth in North Rhine-Westphalia. Then more than 70 percent of the land is usable geothermal. The concrete results of the study are available on CD-ROM for every enthusiast.

 

High-efficiency power plant components and services of Balcke-Dürr GmbH, Oberhausen

 

Balcke-Dürr GmbH offers packaged solutions for all areas from engineering to manufacturing until the supply and installation of innovative systems, components and spare parts with the goal of reducing CO 2 emissions by increasing the plant efficiency, increase plant availability and to reduce dust emissions. The focus is on power generation, in the program but are also components for waste incinerators and chemical plants.

 

The necessary renewal of power stations by the year 2020 with a power capacity of 40,000 megawatts (MW) in Germany and more than 200,000 MW in Europe provides a unique opportunity to work with innovative and highly efficient plant technology, the power plant efficiency to increase significantly. This is also an important contribution to the conservation of finite fossil energy resources and climate protection will be provided. Also significant that about 60,000 MW available power plant capacity is not replaced, but the medium term is to be operated. With an average efficiency of 38 percent is also in these "old systems" significant potential to increase efficiency.

 

In the necessary development of power plant components with the goal of energy savings through innovation is the strength of Balcke-Dürr GmbH Currently the company is about to develop an energy-efficient "Bi-Corona electric filter. This project will target two main directions to be pursued. First, the removal of the most difficult to be separated small "respirable" dust particles and adverse health improved and secondly to the power consumption of the electric filter can be reduced significantly.

 

The state government supports this innovative project with about 330,000 €. Minister Dr. Axel Horstmann is passed in the framework of the visit of the company in Oberhausen, the decision support to management.

 

In addition, Balcke-Dürr is also active in fuel cell technology and component development for geothermal energy for electricity generation. The company has the heat exchanger (reformer) of the high-temperature fuel cell with the support of the country and the European Union are so advanced that is processed in a new, more compact design of the fuel necessary for operation of the hydrogen very efficiently. With the development of capacitors for the use of geothermal energy from great depths to generate electricity (geothermal) Balcke-Dürr also provides techniques with the use of renewable energies are an important contribution.

 

High-tech from Bochum - Transmission technology for wind turbines and mining equipment of the group Eickhoff

 

Eickhoff group as a medium-sized company in the family-owned and produced in Bochum innovative specialized machinery and components and also provides similar services for the world market, in particular transmission and drive systems for wind turbines and mining equipment, to. The company is now the leading supplier of low-noise wind turbine gearboxes in Germany.

 

Efficient techniques for wind energy use, but also for the mining equipment industry have a huge potential worldwide. The wind turbine technology has developed rapidly in recent years on. Increasingly effective systems with higher capacities make a public promotion of electricity from wind energy in Germany unnecessary for years. The currently on the market price feed-in tariffs under the Renewable Energy Law has been reduced with the amendment to the Act on 08.01.2004 and will be designed for the future clearly declining balance method. Plant output from 1.5 MW to 5 MW and plant heights of more than 150 meters, but also make greater demands on the system technology. A centerpiece of the wind turbine gearbox form, which are among the high-tech components of a wind turbine. Eickhoff provides technically leading products in the world.

 

The transmission manufacturing for wind turbines has in the meantime the company further developed into a strong pillar that has reached its sales strength in the level of production of certain mining equipment ", the original core business.

 

The rapidly rising energy demand in Asia, especially China, where it leads to constantly increasing coal production, which in turn requires effective and efficient mining equipment. In this area also provides Eickhoff, "High-tech made in NRW".

 

Construction Directory Mascus Expands in Europe

Cross-border sales solution for used construction equipment is growing

   Wien (ots) - Not only the number of advertisers and users increases, the team behind the success Mascus Portal (www.mascus.de) gets reinforcement. By Mark Gross with immediate effect a long-time professional responsibility as Country Manager for Mascus in Germany, Austria and Switzerland. In addition to the marketing of the remaining structure of the portal will be one of its main tasks. For the continuous structure provide the customers and prospects: the number of visitors could be quadrupled since January 2008. A huge boost for the Internet marketplace for used construction, forestry and agricultural equipment. Among the customers are since the start in Germany known retailers to launch their reach with ads on a Europe-wide level.

 

   Mark Gross sees an exciting task: "With pleasure I go about the task of a portal such as ads or get further ahead, we want to offer here, especially in the area of DA-CH a roof, which makes trading even more attractive." says the 38-year-old. In addition to the Cologne newspaper group and the Danish group Søndagsavisen Gross has worked for various companies in the insurance industry. Gerhard Fabini, already since January 2008 in the team Mascus serves as executive sales manager Throughout Central and Northern Germany. The good service makes up much, so the number of dealers selling ads increased 60 percent from January to October 2008th "The cost argument most convincing - we offer unique reach in Europe on terms of a local newspaper ad," says Gerhard Fabini.

 

   In addition to the strong team the Vorarlberg media company behind the portal. Matt Moosbrugger, responsible for the investment subsidiary VM Digital for niche portals, "offering special solutions such as ads for dealers and buyers only value fast, targeted and successful search marketing are the focus.". Over 50,000 ads shape the environment in all fields of construction and forestry sector. Commercial vehicles are also available to the dealer, the ads have already discovered. About 30 European countries will be reached, the portal is to be used in 25 different languages.

 

   Mascus.de's largest virtual marketplace for agricultural forestry and construction equipment as well as commercial vehicles in Europe. So relieved www.mascus.de trade, the search and retrieval of vehicles, machines and accessories. Commercial and private buyers and sellers can use the system, no commissions are due. Sellers must only pay a small fee. For a half a million visitors a month to know the service and the range in Europe to appreciate. Damascus serves as yet more than 30 European countries in 25 different languages. In 2001, the portal - originally destined for the northern region of Europe - in Scandinavia founded.

 

 

 

 

Theft a problem for used earthmoving equipment industry

BAB A8 near Leipheim: With stolen trailer Construction of highway construction site - Police asked for help

 

A stolen road roller particularly brazen thieves have struck in recent days, the highway construction site near Leipheim. In two cases, self-propelled earthmoving equipment worth a total of approximately 150,000 euros were stolen.

In the first case, a Takeuchi excavator manufacturer, worth € 40,000 was stolen from the site. The excavator was locked in a Behelfszufahrt the motorway A 8 was parked between the junction and the junction Leipheim Elchingen, in the local construction sites. On the night of 20 21:11:08 on the equipment was apparently short-circuited with a low loader and taken away.

The same procedure probably put the same perpetrators of a theft in the period from 11/21/2008 to 11/24/2008 in the day. Within this time a serious, self-propelled road roller was stolen. The equipment was about 1 km on dirt roads to more than one occasion, by the Road Riedheim White Ingen site of another company. There it was in accordance with previous findings on a makeshift ramp spent on a low loader and taken away in unknown direction. The road roller Bomag type BW 213 DH-4 has a value of 100,000 €.

Obviously, the perpetrators would have been even steal another vehicle, as another roll started using violence and provided for the removal was. Why this car was not stolen is also unclear how far the identity of the perpetrators.

Notes on the perpetrators or perpetrators of the vehicles - it has acted, inter alia, have a low loader - are invited by the highway patrol in Günzburg.

The people of Leipheim and Riedheim and passing motorists are requested to perceptions suspect in the entire construction site of the motorway A 8 to inform the police immediately.

 

Prospects for farm equipment industry

The farm equipment industry is again in the mid Chancen1999 sales declined by five percent - in demand in Central and Eastern Europe fell by one third - too cautious German farmers

 

Green Week, Agriculture Hall: Away from the crowds that push their way through clouds of mist sausage, fish sauce and garlic have issued farm equipment dealer. A pair of red tractors standing around, in front of green trailers for grain and straw. The farmers look right, but later bought.

 

The majority of German farm equipment manufacturers looking anyway with mixed feelings in the new millennium. According to preliminary estimates, German farm equipment and tractor manufacturers in 1999 sold five percent less than last year (7.5 billion DM), mainly because of the crisis in Central and Eastern Europe. Could they sell them there in 1998 machines worth over one billion DM, the demand broke last year about a third one.

 

Nevertheless, the farm equipment manufacturers remain confident. "In the medium term, we are operating in a market with growth opportunities. The demand has not changed," said Bernd Scherer, Managing Director of the Agricultural Engineering Association (LAV) in the German Engineering Federation (VDMA).

 

The unstable market in the east is currently not the only problem of the German construction equipment manufacturer. The industry serves up in 1998 by a five-year growth wave is fighting in Germany with insecure clients - one-third share of sales still their most important market. Were German farmers in early 1999 because of unknown consequences of the EU agricultural reform cautiously, they are now because of the tax reform.

 

According to the latest Ifo survey of German farmers estimate 45 percent of their situation as a bad time - six months earlier there were still 42 percent. This is reflected through not directly affect the investment behavior, is but the number of investment with 22 percent refusing a similar level as in previous surveys. But the number of farms decreased steadily.

 

"Every 30 minutes on a farmer, about 40 per day," said Heinz-Bernhad Strautmann, executive member of the farm equipment factory as Strautmann and sons. If the conditions changed for an industry that is changing the structures. The same applies to the eco-tax reform, the German farmers disadvantage. "It will stop the forced decision: grow or soft," says the junior manager of the 220-man operation.

 

The number of farms under 70 hectares of land is shrinking, the growth of plants over 70 hectares and that of the contractors - and thus the demands on agricultural machinery. Despite the courts death the producers remained in business, with reduced numbers, but with more expensive machines. Strautmann: "To win the new states as a market, umkonstruieren we had our wagons and spreaders, they were for the large areas and farms too small and that helps us now with the trend in the western states, but also in the export.."

 

Longer term, the medium-sized agricultural machinery manufacturers formed a distribution problem. Concentrations as that of Case New Holland, John Deere and Agco Fendt owners are able to offer the combine tractor over the entire country for fertilizer technology. So that they could force dealers to work exclusively and not to sell products from other vendors. Strautmann: "SMEs have to find niches that are technically top and quickly respond to requests This is their chance, even against complete provider.."

 

make on the Green Week as only specialists shops. "We have plenty to do, but we are in an absolute niche market," said Ralf Lange seller of Conow trailer manufacturing. His company refreshed old trailer from DDR-production with current technology - about 25 percent cheaper than new vehicles.

 

old milling machine from scratch renovated

MSG machine service Gera
40 year old milling machine from scratch renovated
As at 31 December 1994 closed the factory gates of the Union, the era of development, design and manufacture of Großbohrwerken, machining centers and flexible machine systems in Gera was over. Gerhard Stohl, however, managing partner of SK-Maschinen Handels GmbH in Tönisvorst, wanted to use the expertise and bring back life into the venerable halls.

Gallery: 3 images
The upgraded Waldrich Siegen portal milling machine.
Image: Springfield

In March 1996 he founded the MSG machine service Gera Ltd. Today the company offers a wide range of mechanical engineering technical services ranging from trading in used machinery to the contract manufacturing of machine parts, especially the processing of large parts. MSG also upgraded engines, is also the preference in the field of heavy machinery.

Contract manufacturing is an important pillar of the MSG-business
"With our equipment we are able to machine beds and other large parts of both as new parts to work for engineering companies as well as parts on behalf of other providers of modernization support to pass," said Dieter Rudert, head of order processing and production for MSG.

One way to achieve high accuracies, Rudert sees the use of milling machines, "where we can such as machine beds direct mounting on the machine table. That is, we edit the machine bed in the position in which it will later also be installed. In addition, milling machines are suitable to process in an efficient, five sides of a workpiece in one setup. For this reason, we have recently received a third portal milling machine, which was to renew from the ground up. "

Portal milling machine retrofit as a reference
"The renewal of the 40-year-old milling machine," said MSG representative Hans-Helmut Tillmanns, "has brought us not only an additional machine, the mouse has also shown that we are capable of large machines work up an efficient manner and to . modernizing From this power to benefit other companies. Therefore, we now also offer refurbishment services for large used machinery. "

were from the forest-rich Siegen-milling machine worked practically only the castings, so stand, beds, and cross beams. Tillmanns: "To make the machine for the expansion of our service offerings fit, we have the machine bed by 8 m and the two tables extended by 2.5m."

profile of a machinery company

In 1990 Joseph Mayle made his master's certificate in mechanical engineering and four years later, he, together with Thomas Balle, in Rainau-Dalkingen the MBM GmbH with a focus on service machines for CNC milling machines and used machines. Thomas Balle retired in 2002 from the company. Joseph Mayle had arrived in the founding of his company as a prospective service provider for computer-controlled milling machines for metal processing, a good gut feeling, because as a former employee of SHW in Wasseralfingen not only good relations with future customers throughout Europe from small businesses to large corporations added, but He could also integrate with SHW exempt employees in his company. The courage to risk paid off and the company grew and MBM can be performed on the acquired used machinery, and now with the new extension opened hall.

Mayor Karl Hilsenbek congratulated on his visit to the house show the MBM to their risk of enlargement, providing employment and good social program. The members of the SV book offered both days, catering, music club Dalkingen entertained the guests.