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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Graphic Packaging International Closing Illinois Plant

October 2, 2008 6:00 am | Comments

St. Charles, Ill., facility that provides paper labels to the food and health care industries will close and lay off about 100 people by the end of this year.


House Readies For Bailout Part Two

October 2, 2008 5:55 am | by Charles Babington and Julie Hirschfeld Davis, Associated Press Writers | Comments

Members getting another chance to vote on a financial bailout that has infuriated millions of voters after the Senate added tax cuts and other sweeteners and passed it handily.


Report: ImClone's Mystery Bidder Is Eli Lilly

October 2, 2008 5:50 am | by Tom Murphy and Linda A. Johnson, AP Business Writers | Comments

Drugmaker Eli Lilly & Co. reportedly is the secret suitor that's been courting ImClone Systems and is offering approximately $6.1 billion for the biotech company.


Melamine-Tainted Candy Found In U.S. Stores

October 2, 2008 5:47 am | by Larry Smith, Associated Press Writer | Comments

Industrial chemical that sickened infants in China was found in candy at four Connecticut stores, days after contaminated White Rabbit Creamy Candy was found in California.


Brazil Names 3 Finalists For Fighter Jet Contract

October 2, 2008 5:45 am | by Alan Clendenning, AP Business Writer | Comments

Short list of fighter jets being considered to revamp Brazil's fleet includes Boeing's F-18 E/F Super Hornet, Dassault Aviation's Rafale and Saab's Gripen NG.


Renault Debuts Revamped Megane Hatchback

October 2, 2008 5:38 am | by Emma Vandore, AP Business Writer | Comments

French automaker, which is cutting 6,000 jobs to maintain profitability, hopes to boost sales with its revamped Megane compact hatchback.


Parents File Suit Against Chinese Dairy

October 2, 2008 5:35 am | by Scott McDonald, Associated Press Writer | Comments

The parents of a baby allegedly sickened in China's tainted milk crisis are suing one of the country's biggest dairies in the first known lawsuit stemming from the scandal.


Economy Casts Gloom Over Paris Motor Show

October 2, 2008 5:30 am | by Emma Vandore, AP Business Writer | Comments

Amid global financial turmoil, automakers made bold sales predictions and unveiled smaller, more fuel-efficient cars catering to consumers both cash-strapped and environmentally conscious.


Peugeot-Citroen Still Aiming For 2010 Objectives

October 2, 2008 5:29 am | Comments

France's largest carmaker will stick to its target of selling 4 million vehicles by 2010, despite a tough auto market, as it tries to restore sagging profitability and regain market share.


GM Could See More Restructuring

October 2, 2008 5:24 am | by Greg Keller, AP Business Writer | Comments

Automaker not ruling out the need for further restructuring if economic times get even tougher and says it is vital that U.S. lawmakers pass a financial bailout package.


Renault: Economic Slump Could Last 2 Years

October 2, 2008 5:17 am | by Emma Vandore, AP Business Writer | Comments

CEO Carlos Ghosn said he 'cannot exclude' the possibility that the global market turmoil could last as long as two years, denting the French automaker's sales.


Porsche To Take Majority Stake In VW

October 2, 2008 5:12 am | Comments

German automaker plans to increase its stake in Volkswagen AG to more than 50 percent before the end of this year, the company's chief executive said Thursday.


Moosehead Breweries To Temporarily Lay Off 50

October 1, 2008 8:20 pm | Comments

Canadian brewery says a number of factors caused the layoffs, including poor summer weather and a weakening economy in the U.S., where nearly half of its output is shipped.


Ford's U.S. Sales Fall 34 Percent, Toyota's 32 Percent

October 1, 2008 4:33 pm | by Tom Krisher and Bree Fowler, AP Auto Writers | Comments

Tight credit, economic worries and high gasoline prices combined to cut automakers' U.S. sales once again in September.


Rockwell Cutting 600 Jobs As It Restructures

October 1, 2008 12:18 pm | Comments

Provider of industrial automation equipment will cut 3 percent of its global work force, a move the Milwaukee company expects will save $75 million in fiscal 2009.


Alcoa Lays Off 660 In Texas

October 1, 2008 12:10 pm | Comments

Problems with getting electricity, along with turbulent market conditions and inefficiency at the Rockdale smelting plant led to the layoffs, aluminum manufacturer said.


AGCO Expanding Kansas Plants

October 1, 2008 12:05 pm | Comments

Maker of Sunflower brand of drills and tillage equipment will expand its plants in Beloit and Cawker City, adding 50 jobs.


Tyco Electronics Names New President

October 1, 2008 12:04 pm | Comments

Electronic components company said it has appointed Doug Strohmeier president of its new medical products unit.

Buffett Invests $3 Billion In GE

October 1, 2008 12:02 pm | Comments

Warren Buffett's Berkshire Hathaway is buying $3 billion worth of preferred shares, even as GE is preparing to sell at least $12 billion worth of common stock to the public.


U.S. Manufacturing Shrinks In September

October 1, 2008 11:39 am | by Ellen Simon, AP Business Writer | Comments

Reading of 43.5 from the Institute for Supply Management was dramatically down from August's 49.9, and was also much worse than economists' prediction of 49.5.



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