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In engineering, electromechanics combines the sciences of electromagnetism of electrical engineering and mechanics. Mechatronics is the discipline of engineering that combines mechanics, electronics and information technology.

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Electromechanical devices are those that combine electrical and mechanical parts. These include electric motors and mechanical devices powered by them, such as calculators and adding machines; switches, solenoids, relays, crossbar switches and stepping switches.

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NPR Topics: Business

Fear Drives Wild Trading Ahead Of G-7 Meeting
Fri, 10 Oct 2008 17:41:00 -0400
For the first time ever, the Dow Jones industrial index traded in a 1,000-point range on Friday. The Dow ended its day of wild swings down 128 points, to close at 8,451.19.
Fears Grow That Tight Credit Could Crush GM, Ford
Fri, 10 Oct 2008 17:18:00 -0400
Standard & Poor's downgraded the credit of General Motors and Ford Motor Co. and their financing arms this week. Many fear the automakers lack enough cash to sustain their business during this downturn, and that if they falter, it could have widespread repercussions on the U.S. economy.
Paulson OKs Bank Stock Purchase Plan
Fri, 10 Oct 2008 19:04:55 -0400
Treasury Secretary Henry Paulson has said the government will go ahead with a plan to buy stocks in financial institutions. Meanwhile, The Group of Seven industrialized nations agreed to work together to fix the global economy.

Latest financial news - CNNMoney.com

Report finds flaws in SEC Bear Stearns probe
Fri, 10 Oct 2008 21:08:34 -0400
Read full story for latest details.
Obama's small biz rescue plan: The details
Fri, 10 Oct 2008 20:51:14 -0400
Democratic presidential candidate Barack Obama on Friday proposed emergency assistance for small business endangered by America's financial crisis, calling for a "small business rescue plan" of tax incentives and loans.
Local banks fail in Illinois, Michigan
Fri, 10 Oct 2008 19:52:32 -0400
Two regional banks were closed by state regulators Friday as the downturn in the housing market continues to strain local lenders.

The Financial Page

James Surowiecki: What drives market volatility?
James Surowiecki Mon, 25 Aug 2008 04:00:00 -0000
American investors are frazzled. True, oil prices have fallen from their most vertiginous highs, the dollar is a bit stronger, and the stock market has actually risen over the past month. But none of those things have happened in a smooth and steady fashion. The stock market’s “ascent,” in particular . . .
James Surowiecki: Too many stakeholders can be a deal-breaker.
James Surowiecki Mon, 04 Aug 2008 04:00:00 -0000
In the second decade of the twentieth century, it was almost impossible to build an airplane in the United States. That was the result of a chaotic legal battle among the dozens of companies--including one owned by Orville Wright--that held patents on the various components that made a . . .
James Surowiecki: Sponsoring Recklessness
James Surowiecki Mon, 21 Jul 2008 04:00:00 -0000
When do the words “not guaranteed” actually mean “guaranteed”? Whenever the mortgage giants Fannie Mae and Freddie Mac are involved. The two companies have long been required to tell investors that their securities are not guaranteed by the federal government. But in the financial markets everyone has always assumed that . . .

Reuters: Business News

Paulson says U.S. planning to buy financial equity
Fri, 10 Oct 2008 23:35:24 -0400
WASHINGTON (Reuters) - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday.
GM, Chrysler in merger talks: source
Sat, 11 Oct 2008 01:14:04 -0400
DETROIT/NEW YORK (Reuters) - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.
G7 pledges urgent, decisive action as markets reel
Fri, 10 Oct 2008 23:27:53 -0400
WASHINGTON/NEW YORK (Reuters) - Finance chiefs of the world's rich nations pledged on Friday to prevent big banks from collapse and to work together to stem the financial crisis after another day of gut-wrenching drops on world markets.

ABC News: Money

Paulson: Admin Plans to Buy Bank Stocks
Fri, 10 Oct 2008 20:36:40 -0400
World financial leaders met to quell market stress and strengthen institutions.
GM Says It's Not Headed for Bankruptcy
Fri, 10 Oct 2008 12:43:56 -0400
Despite a huge drop in share price, GM says bankruptcy "is not an option."
Dow-ner: Bush Speaks, Stocks Drop
Fri, 10 Oct 2008 16:21:48 -0400
Friday address marks 10th time Bush has recently spoken on volatile markets.

BBC News | Business | UK Edition

G7 nations pledge to fight crisis
Sat, 11 Oct 2008 06:37:54 -0000
Top finance ministers promise to take "decisive action and use all available tools" to tackle the world economic crisis.
GM and Chrysler 'in merger talks'
Sat, 11 Oct 2008 05:41:46 -0000
Struggling US car giants General Motors and Chrysler are in talks about a possible merger, US media say.
Brown demands petrol price cuts
Fri, 10 Oct 2008 21:17:03 -0000
Prime Minister Gordon Brown calls for falls in the price of oil to be passed on to consumers "as quickly as possible".

The Economist: Business

Face value: The bailiff
Thu, 09 Oct 2008 11:48:13 -0000
Sheila Bair of the FDIC is at the forefront of America’s response to the financial crisisWHEN she was summoned from academia in 2006 to head the Federal Deposit Insurance Corporation (FDIC), some people wondered why Sheila Bair would want to run such a sleepy backwater. The institution charged with administering America’s deposit-guarantee fund and taking over troubled banks had little on its plate. Not a single lender had failed for two years. The fund was so full that many banks no longer had to pay in premiums. Some joked that the FDIC’s main job at the time was sending out stickers for banks to place in their windows, confirming that they were covered by the insurance scheme. How different things look today. Shoulder-to-shoulder with Hank Paulson, the treasury secretary, and Ben Bernanke, chairman of the Federal Reserve, Ms Bair is leading the government’s response to the financial crisis and using the FDIC’s powers to help reshape the banking industry. And she has won plaudits for her actions so far from bankers, investors and fellow regulators. Forbes recently ranked her as the world’s second-most-powerful woman, after Germany’s chancellor, Angela Merkel. She has been touted as a possible future treasury secretary. ...
Correction: Richard Branson
Thu, 09 Oct 2008 11:48:13 -0000
Our profile of Richard Branson (“Virgin rebirth”, September 27th 2008) said Ansett was a subsidiary of Singapore Airlines. In fact Ansett was owned by Air New Zealand, in which Singapore had a 25% stake. Sorry. ...
The paperless office: On its way, at last
Thu, 09 Oct 2008 11:48:13 -0000
No longer a joke, the “paperless” office is getting closerSTEPHANIE BREEDLOVE and her husband founded Breedlove & Associates 16 years ago to help families who (legally) hire a nanny with the crushing burden of paperwork that this entails. There are pay stubs to be sent, federal and state tax returns to be filed, pay schedules to be updated and other trails of exceedingly boring paper. Much of the firm’s small office in Austin, Texas, is taken up by 100 paper-filled filing cabinets. An office manager spends 25 hours a week shuffling paper between desks and drawers. At peak times, says Ms Breedlove, the office becomes “a sea of paper,” with colour-coded stacks on conference tables, floors and chairs.With luck, this will soon be a thing of the past. Last year Breedlove decided to go paperless. It is now about halfway there, says Ms Breedlove. The constant flow of information between Breedlove and its clients now goes via e-mail, with forms attached as PDF files. The next step is to roll out an online service so that clients can log on to manage their accounts. Only the Internal Revenue Service still insists on paper for some things, says Ms Breedlove, but even it claims to be going electronic soon. ...

Business News - UPI.com

GM, Chrysler reportedly talking merger
Fri, 10 Oct 2008 23:21:14 -0400
DETROIT, Oct. 10 (UPI) -- General Motors Corp. and Chrysler LLC are discussing a merger that could reduce the Big Three U.S. automakers to the Big Two, The New York Times said Friday.
Crude oil prices in retreat Friday
Fri, 10 Oct 2008 17:23:22 -0400
NEW YORK, Oct. 10 (UPI) -- Crude oil prices fell below $80 per barrel Friday as slumping economies continued to push a bearish stance on stocks and commodities.
UPI NewsTrack Business
Fri, 10 Oct 2008 17:08:17 -0400
U.S. markets closed mixed Friday ... GM says it's not thinking of bankruptcy ... Former Samsung leader spared jail term ... Yamato Life seeks bankruptcy protection ... News from United Press International.
U.S. markets closed mixed Friday
Fri, 10 Oct 2008 16:56:45 -0400
NEW YORK, Oct. 10 (UPI) -- A late rally held off another huge day off losses in U.S. markets Friday, although positive numbers did not hold up on two major stock boards.
Grains sharply lower in Chicago Friday
Fri, 10 Oct 2008 16:29:10 -0400
CHICAGO, Oct. 10 (UPI) -- Grains closed sharply lower on the Chicago Board of Trade Friday, pulled by a downward spiral in financial markets.
Apple offers free MacBook Pro repairs
Fri, 10 Oct 2008 16:18:58 -0400
CUPERTINO, Calif., Oct. 10 (UPI) -- California's Apple Inc. Friday posted notice it would extend free repairs to MacBook Pro owners with NVIDIA graphics processors.

 
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