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Samsung has announced that its Galaxy Note 7 recall will cost them approximately $3 billion as a result of discontinued sales. After weeks of reports that the device was overheating — and even bursting into flames — the South Korean company halted production early last week. Issues were thought to have been resolved when replacements were issued, but those too began to overheat and catch fire. The company expects most of the lost sales to hit bottom during the next … Continue reading “Samsung Note 7 Issues to Cost $3 Billion in Lost Sales for Phone Company”

Approximately 70% of all manufacturing facilities use a compressed air system, but these days, compressed air is being used for so much more. Thanks to France’s Production Functional Factory, cyclists can now use a small, hand-held compressed air system to reinflate their bikes’ tires. Many cyclists currently use a compact hand pump or CO2 cartridges to keep their high-pressure tires inflated on long trips. However, hand pumps take a lot of time and effort, and CO2 cartridges are expensive and … Continue reading “New Device Uses Spinning Bike Wheels to Generate Compressed Air for Under-Inflated Tires”

Although 2015 saw a few major, headline-grabbing data breaches, it looks like the overall amount of record breaches will increase by more than 56%. “What makes the large-scale data breaches somewhat disconcerting is that they came despite the fact that so many enterprises are supposedly bolstering their defenses in response to previous high-profile breaches,” read Breach Level Index’s official report. According to Dark Reading, during the first half of 2016, more than 554 million records — compared to the 707 … Continue reading “Data Breaches On Track to Exceed 1 Billion by the End of 2016”

Camping World Holdings, a recreational vehicle dealership, made headlines when its CEO, Marcus Lemonis, took the company public last week. The initial public offering raised a staggering $251 million. Lemonis, who owns 38 million shares of the company, intends to maintain his majority control, but offered about 11.4 million shares at $23 to the public. Camping World is the biggest RV retailer in the company, cornering a market of the almost 11 million children and adults who attend camps every … Continue reading “Camping World CEO Marcus Lemonis Takes His Company Public”

The global construction equipment industry is valued at approximately $145.5 billion, and it’s come time for them to enter the digital world. In an industry where practices haven’t experienced any major change in decades, comprehensive online modeling, surveyor drones, and virtual-reality have finally made their way into the picture. Beyond making processes faster, these digital trends allow for safer, more precise modeling and construction. The push for more digital tools in construction is being led by big builders and new … Continue reading “The Construction Industry Has Ventured Into Digital Territory”