Heavy Construction News – ENR News

NEW YORK (Reuters) – A massive California verdict in a lawsuit alleging Johnson & Johnson’s (JNJ.N) talc-based products cause cancer has opened a new front in the litigation, upending the company’s hopes that the cases were only gaining traction in Missouri, legal experts said.

The $417 million award by California jury to a California resident suggested so-called forum-shopping, in which parties seek to file cases in whichever jurisdictions seem most favorable, may not be the main problem facing J&J as it wrestles with some 4,800 outstanding talc lawsuits.

J&J, which denies any link between talc and cancer, said in a statement it would appeal Monday’s verdict but declined further comment.

That verdict was more than the sum of all the previous talc awards, which totaled $307 million and were meted out by juries in the same state court in St. Louis, Missouri, in cases filed by out-of-state residents. A fourth of talc lawsuits nationally were brought in St. Louis after the first large verdicts there.

J&J has cast the St. Louis court as overly plaintiff-friendly and has focused on getting the cases brought by out-of-state plaintiffs dismissed.

“This has very much been about forum shopping,” Howard Erichson, a professor at Fordham School of Law, said about the talc trials. “The fact that there has been a big verdict in California is definitely interesting.”

Monday’s verdict in Los Angeles Superior Court came in a case involving a 63-year-old woman who claimed she developed ovarian cancer from using Johnson’s Baby Powder for feminine hygiene since childhood.

Corporations have long fought against plaintiffs filing lawsuits in courts favorable to them, and a U.S. Supreme Court ruling in June delivered them a big victory, holding that state courts cannot hear claims against companies not based in the state when the alleged injury did not occur there.

J&J appeared to be an immediate beneficiary of that ruling, which a St. Louis judge cited in declaring a mistrial in a talc case involving two out-of-state women.

The company also said it believed the Supreme Court decision required the reversal of the four St. Louis verdicts.

But legal experts said the verdict in the California case, in which venue was not an issue, could shift the focus back to the evidence.

J&J shares did not react to the verdict. The company has so far not announced a litigation reserve for talc cases and analysts have said they would not be concerned until that happened.

The first talc award against J&J was handed down in St. Louis state court in February 2016, with the jury ordering J&J to pay $72 million.

The company prevailed in only one of the four talc trials that followed in the same court, with the other verdicts ranging from $55 million to $110 million.

The company has decried the St. Louis court for allowing plaintiffs to present expert testimony linking talc products with cancer that the company contends is speculative and scientifically unsound. It has appeals pending on those grounds.

J&J has contrasted the Missouri court’s stance to a New Jersey state court ruling in September 2016 that disqualified plaintiffs’ experts, leading to the dismissal of two talc cases. The plaintiffs’ appeal of that ruling is pending.

The Los Angeles judge allowed the testimony of some of the same plaintiffs’ experts as in St. Louis.

The California jury seemed to react similarly to the evidence, said Diane Lifton, a defense lawyer not involved in the talc case.

“Something clearly inflamed the jury again,” she said.

Nathan Schachtman, a product liability defense lawyer, said the California verdict showed that, venue issues aside, the evidence against J&J was compelling.

“I think it’s a tough case for the defense,” he said.

Reporting by Tina Bellon; Editing by Anthony Lin and Meredith Mazzilli

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Herron Contractor’s Cat D6T dozer and 336F excavator in action.

The Caterpillar D6T bulldozer is fitted with a mastless Trimble GPS system.

Herron Contractors are a premier earthworks and civil engineering company with a strong reputation for quality workmanship.
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HYPNOTIC Video Inside Extreme Forging Factory: Kihlbergs Stal AB Hammer Forging

Awesome and hypnotic video filmed inside an impressive forgery using a massive pneumatic Hammer.

Kihlberg Steel AB is a Swedish company specialized in the forging of a wide variety of parts.

Video credit: Kihlbergs Stal AB , Post-production by Extreme Machines Magazine
Sector of activity: Forging

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Heavy Construction News – ENR News

(Reuters) – Private equity firm Blackstone Group LP (BX.N) is exploring an initial public offering (IPO) of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday.

The IPO would follow a major turnout at the company under Blackstone, which had to implement a program of significant cost cuts after being hit by weak demand in the agriculture, infrastructure, energy and mining markets.

Blackstone has told investment banks that it may hire IPO underwriters in the next few months to prepare to take Gates public in 2018, the three sources said. The IPO could value Gates at more than $7 billion, including debt, the sources added.

The sources asked not to be identified because the deliberations are confidential. Blackstone declined to comment, while Gates did not immediately respond to a request for comment.

Based in Denver, Colorado, Gates manufactures power transmission belts and fluid power products used in various industrial and automotive applications. It generated sales last year of $2.7 billion, according to credit ratings agency Moody’s Investors Service Inc.

Following Blackstone’s acquisition of Gates in 2014, Gates struggled to generate earnings growth, as several of its industrial customers scaled back on their orders. Blackstone, however, managed to stabilize the business through a number of cost-cutting and restructuring initiatives, and Gates now expects to report a jump in earnings next year, according to the sources.

Reporting by Greg Roumeliotis and Lauren Hirsch in New York; Editing by Lisa Shumaker

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He who testifies to these things says, “Yes, I am coming soon.” Amen. Come, Lord Jesus.

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Heavy Construction News – ENR News

WASHINGTON (Reuters) – The United States is imposing new North Korea-related sanctions, targeting Chinese and Russian firms and individuals for supporting Pyongyang’s weapons programs, U.S. officials announced on Tuesday, but stopped short of an anticipated focus on Chinese banks.

The Office of Foreign Assets Control designated six Chinese-owned entities, one Russian, one North Korean and two based in Singapore. They included a Namibia-based subsidiary of a Chinese company and a North Korean entity operating in Namibia.

Six individuals including four Russians, one Chinese and one North Korean were targeted, the Treasury Department said.

The move follows toughened United Nations sanctions agreed this month after North Korea tested its first two intercontinental ballistic missiles in July.

The Treasury Department said the new sanctions targeted those helping already-designated individuals supporting North Korea’s nuclear and ballistic missile programs and its energy trade. They included three Chinese coal importers.

The steps also targeted those helping North Korea send workers abroad and enabling sanctioned North Korea entities to get access to the U.S. and international financial system.

“Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system,” Treasury Secretary Steven T. Mnuchin said in a statement.

“It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction.”

A new round of U.S. sanctions had been expected, but Washington appeared to delay them while securing Chinese and Russian support for tougher U.N. steps.

U.S. officials and U.N. diplomats say the threat of U.S. “secondary sanctions” against Chinese firms with North Korean ties and trade pressure helped persuade China to drop opposition to the U.N. sanctions.

The latest steps stopped short of targeting Chinese financial institutions dealing with North Korea, a step that would have greatly angered Beijing. The Trump administration is still hoping China will pressure Pyongyang.

“The sanctions target a range of North Korea’s illicit activities and the focus on Chinese facilitators is another message to Beijing,” said Anthony Ruggiero, a Foundation for Defense of Democracies senior fellow and former U.S. Treasury official.

“However, there are missing elements. There’s no focus on the efforts of Chinese banks that facilitate these transactions. In addition, these Chinese networks likely have additional front companies operating on behalf of the network and those were not sanctioned.”

China is North Korea’s neighbor and main trading partner and U.S. foreign policy experts say Chinese companies have long had a key role in financing Pyongyang.

The Chinese and Russians embassies in Washington did not respond to requests for comment. China has said in the past it is strongly opposed to unilateral sanctions outside the U.N. framework, and has accused the United States of using “long-arm” jurisdiction in targeting Chinese entities.

Additional reporting by Yeganeh Torbati; Editing by David Alexander and Jeffrey Benkoe

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A JCB backhoe loader and 8 tonne mini excavator are put through a set a tasks. Who will be the winner?


Construction News – heavy construction news

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Mechanical loading, or forces that stimulate cellular growth for development, is required for creating cartilage that is then turned to bone; however, little is known about cartilage development in the absence of gravity or mechanical loads. Now, in a study led by the University of Missouri, bioengineers have determined that microgravity may inhibit cartilage formation. Findings reveal that fracture healing for astronauts in space, as well as patients on bed rest here on Earth, could be compromised in the absence of mechanical loading.

“Cartilage tissue engineering is a growing field because cartilage does not regenerate,” said Elizabeth Loboa, dean of the MU College of Engineering and a professor of bioengineering. “Because these tissues cannot renew themselves, bioreactors, or devices that support tissue and cell development, are used in many cartilage tissue engineering applications. Some studies suggest that microgravity bioreactors are ideal for the process to take place, while others show that bioreactors that mimic the hydrostatic pressure needed to produce cartilage might be more ideal. Our first-of-its-kind study was designed to test both theories.”

Chondrogenic differentiation is the process by which cartilage is developed and cartilage is the basis for bone formation in the body. Additionally, cartilage does not renew itself once it breaks down or fails in the body, making it a target for bioengineers who wish to help patients regenerate cartilage from other cells.

Using human adipose, or fat cells (hASC) obtained from women, Loboa and her team tested chondrogenic differentiation in bioreactors that simulated either microgravity or hydrostatic pressure, which is the pressure that is exerted by a fluid.

Researchers found that cyclic hydrostatic pressure, which has been shown to be beneficial for cartilage formation, caused a threefold increase in cartilage production and resulted in stronger tissues. Microgravity, in turn, decreased chondrogenic differentiation.

“Our study provides insight showing that mechanical loading plays a critical role during cartilage development,” Loboa said. “The study also shows that microgravity, which is experienced in space and is similar to patients on prolonged bed rest or those who are paralyzed, may inhibit cartilage and bone formation. Bioengineers and flight surgeons involved with astronauts’ health should consider this as they make decisions for regenerating cartilage in patients and during space travel.”

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Materials provided by University of Missouri-Columbia. Note: Content may be edited for style and length.

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Extreme Train Rails Replacement With Heavy Machinery: MATISA TCM 60

Awesome videos featuring the TCM 60 Railway Rack Laying Machine and the R 24 ballast regulator from MATISA COMPANY.
MATISA is a Swiss company founded in 1945 and is specialized in the manufacturing of maintenance equipment for train rails.

Video credit: MATISA Matériel Industriel S.A , Post-production by Extreme Machines Magazine
Sector of activity: Railway maintenance equipment manufacturer.

About Extreme Machines Magazine:

Extreme Machines Magazine is a website and also a YouTube Channel. From the giant car companies to the small craft company, we want to share the most interesting industrial processes around the world in a fun way.
You are a professional or simply a fan, don’t forget to subscribe us and visit our website !

Contact us: themachinesmagazine+contact@gmail.com


If you have a problem or a suggestion with some of our content, please contact us with the email contact provided in the channel description.


Heavy Construction News – ENR News

(Reuters) – U.S. stocks opened higher on Tuesday, with the Dow gaining more than 100 points, as investors went bargain hunting following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week.

The S&P has tumbled 2.1 percent in the last two weeks, the biggest such drop since the U.S. presidential election, on concerns over President Donald Trump’s ability to legislate his pro-growth agenda.

Still, the index is up about 14 percent since the election.

The central banking conference in Jackson Hole, Wyoming, starts Thursday, with Federal Reserve Chair Janet Yellen’s speech on Friday of key interest to market participants.

The speech will be closely watched for a steer on U.S. monetary policy, especially given the persistently low inflation rate, but central bank observers do not expect Yellen to give new guidance.

“The market is in a little bit of a wait-and-see mode as we go into Jackson Hole at the end of the week,” said Lindsey Bell, investment strategist at CFRA Research in New York.

“A lot of people are waiting to see what Yellen has to say, especially with regard to inflation and how that might signal the Fed’s thinking on the next interest rate hike, if we can still expect something for December.”

At 9:40 a.m. ET (1340 GMT), the Dow Jones Industrial Average .DJI was up 103.48 points, or 0.48 percent, at 21,807.23 and the S&P 500 .SPX was up 13.71 points, or 0.56 percent, at 2,442.08.

The Nasdaq Composite .IXIC was up 48.16 points, or 0.78 percent, at 6,261.28.

Nine of the 11 major S&P sectors were higher. The top gainer was the materials index .SPLRCM, gaining 0.74 percent, helped by a jump in prices of metals, including copper.

Freeport (FCX.N) jumped 3.9 percent, also helped by news that Indonesia expects to strike an agreement this month to allow the miner to keep operating its copper mine in Papua.

Freeport was the top percentage gainer on the S&P, followed by Macy’s (M.N), which jumped more than 4 percent to $20.34 after announcing a restructuring and job cuts.

At the other end was Coty (COTY.N), tumbling about 11 percent following the beauty products maker’s surprise quarterly loss.

Medtronic (MDT.N) fell about 2 percent to $81.78 after reporting lower-than-expected revenue.

Toll Brothers (TOL.N) was off more than 2 percent after the luxury homebuilder posted a revenue miss and tempered its gross margin forecast.

Advancing issues outnumbered decliners on the NYSE by 2,056 to 461. On the Nasdaq, 1,714 issues rose and 560 fell.

Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D’Souza

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