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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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