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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Report: Matsushita To Build Battery Plant

July 17, 2008 12:10 pm | Comments

Japanese consumer electronics company plans to build a new lithium-ion battery plant, a move that will triple its current output capacity to meet soaring global demand.

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Aquest Offers $326M For Asyst

July 17, 2008 12:05 pm | Comments

Company confirmed Thursday that on July 9 it sent Asyst Technologies Inc. an offer to buy the chip manufacturing equipment maker for $6.50 per share in cash.

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Report: Teva Looking To Buy Barr Pharmaceuticals

July 17, 2008 12:02 pm | by Marley Seaman, AP Business Writer | Comments

Israeli newspaper reports there have been buyout talks between Barr and industry leader Teva Pharmaceutical Industries.

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Oil Falls Below $130

July 17, 2008 11:57 am | by Adam Schreck, AP Business Writer | Comments

Prices fell below $130 a barrel for the first time in more than a month, as a dramatic slide entered a third day along with a sharp sell-off in natural gas.

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Coke Drinkers Can Expect To Pay More Soon

July 17, 2008 11:54 am | by Vinnee Tong, AP Business Writer | Comments

Coca-Cola Enterprises will raise prices after Labor Day because of higher commodity costs and declining U.S. soda sales.

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Trade Associations Ask Gov't For 10+2 Prototype

July 17, 2008 11:00 am | by Edited by Manufacturing.net Staff | Comments

National Association of Manufacturers among the 40 groups asking for a prototype program so the government can study security risks and companies won’t have to change their operations.

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Horton Appoints New Senior VPs, General Managers

July 17, 2008 7:55 am | by Edited by Manufacturing.net Staff | Comments

Airflow products maker has appointed Jeff Lindgren and Steve Wardleworth as senior vice presidents and general managers of product lines in a restructuring move.

EU: Trade Pact Would Boost Global Economy

July 17, 2008 7:30 am | by Aoife White, AP Business Writer | Comments

Troubled global trade talks are a crucial test for how a new world order can handle future world challenges such as climate change and food supply, the EU's trade chief said.

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IMF: Global Growth To Slow 'Significantly' In Second Half

July 17, 2008 7:19 am | Comments

International Monetary Fund warned of a further slowdown in the global economy amid growing inflationary pressure and slowing demand in developed countries.

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Boeing Machinists Agree To Strike Authorization

July 17, 2008 6:55 am | by Dan Catchpole, Associated Press Writer | Comments

Machinists voted overwhelmingly Wednesday for a preliminary strike authorization in a show of support for union negotiators in contract talks with the aerospace giant.

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Airbus Tops Boeing At Farnborough Air Show

July 17, 2008 6:34 am | by Jane Wardell, AP Business Writer | Comments

European plane maker emerged as the clear winner, after racking up plane orders that dwarf the deals done by U.S. rival Boeing Co.

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U.S. Issues New Rule On Airplane Fuel Tanks

July 17, 2008 6:30 am | by Joan Lowy, Associated Press Writer | Comments

Device to prevent airplane fuel tanks from exploding must be installed on certain passenger jets and cargo planes, federal officials said.

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Truck Plant In Canada Cutting 720 Jobs

July 17, 2008 6:05 am | Comments

Sterling Trucks eliminating one shift and laying off another 720 workers as it joins the growing ranks of companies being squeezed by an economic slowdown in the U.S.

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Arkansas Aluminum Firm No Longer Public Company

July 17, 2008 5:55 am | Comments

Aluminum die-casting firm bought by a publicly traded company in 1996 has returned to private hands under its former name, Pace Industries Inc.

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Volkswagen Plant Validates Tennessee Town

July 17, 2008 5:54 am | by Bill Poovey, Associated Press Writer | Comments

When VW said yes to Chattanooga, the city that had shed its reputation for dirty air forgot years of frustrating rejections by automakers.

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Oil Prices Continue To Slide

July 17, 2008 5:50 am | by George Jahn, Associated Press Writer | Comments

Crude prices fell for a third consecutive day on Thursday amid evidence that the high cost of oil and gasoline was slowing U.S. demand.

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GAO: Armored Vehicles Could Become Costly

July 17, 2008 5:45 am | by Stephen Manning, AP Business Writer | Comments

Military’s accelerated pace to buy and deploy thousands of heavily armored mine resistant vehicles could lead to problems with maintenance and cost overruns.

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Feds Want Stronger English Law For Truckers

July 17, 2008 5:43 am | by Jay Reeves, Associated Press Writer | Comments

Government, citing safety reasons, is trying to tighten the law requiring anyone with a commercial drivers license to speak English well enough to talk with police.

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Automakers Offer Hybrids To NYC Cab Fleet

July 17, 2008 5:28 am | by Sara Kugler, Associated Press Writer | Comments

Three major auto manufacturers are promising to reserve 300 new hybrid vehicles each month exclusively for the city as it replaces its entire fleet of yellow cabs.

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GE Healthcare Unit Names New CEO

July 17, 2008 5:25 am | Comments

John Dineen to become President and Chief Executive of GE’s Healthcare business, after the unit's previous leader accepted a post with electrical engineering company ABB.

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