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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Johnson & Johnson Buys Mentor

December 1, 2008 4:55 am | Comments

Health care products company to buy the medical products supplier Mentor for $1.07 billion in a move to boost its presence in cosmetic and reconstructive medicine.

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K-Dow Petrochemicals Gets Set To Launch

December 1, 2008 4:49 am | Comments

Officials say a joint petrochemicals venture between Dow Chemical Co. and a Kuwaiti company will begin operations by Jan. 1.

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UAW Chief Pleads For Government Aid

December 1, 2008 4:40 am | by Julie Hirschfeld Davis, Associated Press Writer | Comments

Head of the United Auto Workers made a public plea for government help for U.S. carmakers as the Big 3 put final touches on stabilization plans to submit to Congress.

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Japanese Manufacturing Workers’ Overtime Hours Drop

December 1, 2008 4:35 am | Comments

Overtime hours worked by employees in manufacturing dropped by a sharp 11.1 percent in October from a year earlier due to slumping production activity in Japan.

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Report: OPEC To Cut Output In December

December 1, 2008 4:12 am | Comments

Iranian state TV reports that OPEC's Secretary-General says a daily oil production cut of between 1 million and 1.5 million barrels is likely in December.

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Fuel-Cell Powered Devices Coming Soon

December 1, 2008 4:10 am | by Dirk Lammers, AP Energy Writer | Comments

Consultant thinks products are now truly a year or two away, as electronics manufacturers show more interest and fuel cell makers move beyond prototypes.

South Korean Exports Hit 7-Year Low

December 1, 2008 4:05 am | by Kelly Olsen, AP Business Writer | Comments

South Korea's exports fell in November by the most in nearly 7 years, the government said, while automakers took steps to cut production as demand slumps.

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Sweden In Talks To Help Saab, Volvo

December 1, 2008 4:04 am | by Malin Rising, Associated Press Writer | Comments

Swedish government confirmed Monday it is in talks with GM and Ford after a report that the U.S. automakers are seeking support for their struggling Swedish brands.

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UK Manufacturing Declines At Record Clip

December 1, 2008 4:00 am | by Pan Pylas, AP Business Writer | Comments

British manufacturing activity contracted at a record pace during November as new orders collapsed, a closely-watched survey found Monday.

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Chinese Manufacturing Shrinks In November

December 1, 2008 3:56 am | by Joe McDonald, AP Business Writer | Comments

China's manufacturing activity contracted sharply as a downturn in the world's fourth-largest economy worsened, raising the threat of job losses.

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Chip Sales Fall 2.4 Percent In October

November 30, 2008 7:00 pm | Comments

Semiconductor Industry Association said Monday that global chip sales fell as prices declined for chips used in digital cameras, cell phones and music players.

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Jobless Claims Drop More Than Expected

November 26, 2008 12:30 pm | by Christopher S. Rugaber, AP Economics Writer | Comments

New jobless claims fell more than expected last week from a 16-year high, the government said, though they remain at elevated levels due to the slowing economy.

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Consumer Spending Declines In October

November 26, 2008 5:30 am | by Martin Crutsinger, AP Economics Writer | Comments

Commerce Department reported that consumer spending plunged by 1 percent last month, even worse than the 0.9 percent decline that had been expected.

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Durable Goods Orders Plunge In October

November 26, 2008 5:20 am | by Martin Crutsinger, AP Economics Writer | Comments

Orders for big-ticket manufactured goods fell 6.2 percent, the largest amount in two years as manufacturing was battered by overall economic weakness.

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Economic Reports Show Bleak Outlook

November 26, 2008 5:18 am | by Martin Crutsinger, AP Economics Writer | Comments

Government says jobless claims remain at recessionary levels, while Americans cut back on their spending by the largest amount since 2001 and factory orders plummeted.

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Daimler: Talks Stalled On Chrysler Stake

November 26, 2008 5:05 am | by Tom Krisher, AP Auto Writer | Comments

Automaker says talks to sell its remaining stake in struggling Chrysler have stalled because of exaggerated demands from owner Cerberus Capital Management LP.

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Workers Protest At Chinese Toy Factory

November 26, 2008 4:28 am | by William Foreman, Associated Press Writer | Comments

About 200 protesters stormed the gates of a toy factory in southern China that supplies U.S. toy maker Hasbro, the second day of demonstrations over a pay dispute.

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Bosai Minerals Plans Aluminum Plant In S. America

November 26, 2008 4:25 am | Comments

Chinese mining company says it will invest $1 billion to build an aluminum plant in southwest Guyana.

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BHP Hunts For New Takeover Opportunities

November 26, 2008 4:20 am | by Rohan Sullivan, Associated Press Writer | Comments

Mining giant said it was looking for other takeover targets after abandoning its $68 billion hostile bid for Rio Tinto citing risky conditions.

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Germany Faces 'Year Of Bad News' In 2009

November 26, 2008 4:18 am | by Geir Moulson, Associated Press Writer | Comments

Europe's biggest economy fell into recession and the government recently slashed its 2009 growth forecast to 0.2 percent, but many economists now expect negative growth.

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