The Leading Source for Manufacturing News & Insight
Workers Strike At Nike Shoe Plant In Vietnam
November 29, 2007 5:05 am | News | CommentsMore than 10,000 workers walked off the job demanding higher pay; current average monthly salary is $62.
Toyota Recalling 264,000 Lexus Models
November 29, 2007 4:54 am | News | CommentsFaulty fuel pipe design that could lead to a fuel leak is the latest quality control problem the automaker has had since it ramped up production.
Carrier Building R & D Center In India
November 29, 2007 4:44 am | News | CommentsThe $50 million center will be used to develop new products and technology for local markets and expand the company's manufacturing operations.
Japanese Auto Exports Climb 18 Percent
November 29, 2007 4:40 am | News | CommentsThe 27th straight monthly gain was due to brisk demand mainly in Europe and North America.
Japan's Industrial Output Reaches Record High
November 29, 2007 4:35 am | News | CommentsIndustrial production rose 1.6 percent in October from the previous month, buoyed by brisk output of general machinery makers and car manufacturers.
New Mexico Adopts Stronger Emission Standards
November 29, 2007 4:26 am | by Barry Massey, Associated Press Writer | News | CommentsState joins California and a dozen others trying to require tougher vehicle emissions standards for new cars, light trucks and sport utility vehicles.
Eclipse Aviation Offering Discounts To Attract Capital
November 29, 2007 4:21 am | News | CommentsAirplane manufacturer hopes discounted prices in return for hefty deposits on its very light jet airplane will bring in capital to attract investors.
Hershey, Cadbury Suspected Of Price Fixing
November 28, 2007 11:32 am | News | CommentsCanada's Competition Bureau investigating Nestle, Cadbury, Hershey, and Mars for a possible price-fixing scheme in the country's multibillion-dollar chocolate market.
Fed: Economy Loses Speed, Shopping Slows
November 28, 2007 10:32 am | by Jeannine Aversa, AP Economics Writer | News | CommentsLatest Federal Reserve news on the effects of the severe housing slump and credit crunch have economists worrying consumers and businesses will cut back on spending and investing.
Siemens Cutting Management Board
November 28, 2007 10:23 am | News | CommentsGerman industrial conglomerate says plans to slim down its management board is part of an effort to make its corporate structure leaner and more transparent.
EU Investigating TomTom's Bid For Tele Atlas
November 28, 2007 10:19 am | News | CommentsAntitrust regulators say preliminary investigation raised 'serious doubts' about whether the $4.2 billion takeover would preserve competition in the European market for navigation devices.
Moog Inc. CFO Robert Banta Retiring
November 28, 2007 10:11 am | News | CommentsBanta will remain on the control components designer's board of directors and will be replaced by vice president of contracts and pricing John Scannell.
WTO Rules Against Japanese Chip Duties
November 28, 2007 10:00 am | by Bradley S. Klapper, Associated Press Writer | News | CommentsJapan is violating international trade rules by issuing fees on imported DRAM chips made by South Korea's Hynix Semiconductor Inc.
States Sue Bush Administration Over EPA Disclosure
November 28, 2007 9:50 am | by Michael Gormley, Associated Press Writer | News | CommentsOfficials from 12 states oppose new Environmental Protection Agency rules that allow thousands of companies to limit the information they disclose to the public about toxic chemicals.
Orders For Big-Ticket Goods Drop
November 28, 2007 5:59 am | by Martin Crutsinger, AP Economics Writer | News | CommentsNumbers decreased for third straight month — the largest streak in nearly four years, according to the Commerce Department.
Furniture Maker Herman Miller Cuts 150 Jobs
November 28, 2007 5:54 am | News | CommentsMichigan-based company says the cuts and other moves it will take over the next six to nine months will save $25 million to $30 million a year.
Canada's Ainsworth Lumber Indefinitely Closing Mill
November 28, 2007 5:40 am | by Craig Wong, The Canada Press | News | CommentsCompany halting production at its Footner Forest Products Ltd. plant due to operating losses and reduced customer demand; move will affect 150 workers.
Former Plant Worker Pleads Guilty To $12M Fire
November 28, 2007 5:30 am | News | CommentsWorker may have set the fire at a magnesium recycling factory with the intention of extinguishing it so company officials would view him as a hero.
Wheeling-Pitt Gets A Makeover
November 28, 2007 5:22 am | by Tim Huber, AP Business Writer | News | CommentsSteelmaker will be known as Esmark Inc. after shareholders approve a takeover bid by Illinois-based Esmark a day earlier.
Samsung 'Unfazed' By Corruption Probe
November 28, 2007 5:18 am | by Kelly Olsen, AP Business Writer | News | CommentsHead of investor relations said bribery, slush fund scandal engulfing the electronics conglomerate is no cause for concern as he outlined ambitious growth plans.
