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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Stock Losses Continue For 8th Day

October 10, 2008 10:49 am | by Tim Paradis, AP Business Writer | News | Comments

Wall Street extended its devastating decline Friday as investors sold frantically and propelled the Dow Jones industrials to their eighth straight day of losses and worst week ever.

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Ford Not Worried About Running Out Of Money

October 10, 2008 10:36 am | by Tom Krisher, AP Auto Writer | News | Comments

CEO Alan Mulally says Ford is focused on managing its cash and putting its restructuring plans in place as it tries to weather the credit crisis and stock market decline.

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Autoworkers Protest At Paris Auto Show

October 10, 2008 10:35 am | News | Comments

Hundreds of angry Renault workers and others protested Friday to register their discontent about expected job cuts at the French automaker and restructuring in the industry.

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Economic Slide Boosts Sales Of Safes

October 10, 2008 10:22 am | by Ashley M. Heher, AP Business Writer | News | Comments

Metal vaults are so popular in some parts of the country that shoppers are depleting store supplies as worries about the nation's economy spread.

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Oregon Company Fined For Illegal Tractor Imports

October 10, 2008 10:20 am | News | Comments

Prosecutors say Lenar Equipment illegally imported tractors from China; company is believed to be the first prosecuted criminally for violating a new Clean Air Act regulation.

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Bell Helicopter Gets Navy Contract

October 10, 2008 9:31 am | News | Comments

Unit of Textron Inc. said it has received a U.S. Navy contract extension worth $210 million for 15 aircraft.

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Ford Says CFO To Retire, Names Replacement

October 10, 2008 8:50 am | News | Comments

Chief financial officer Don Leclair will retire after a 32-year career with the automaker; Lewis Booth has been named his replacement.

French Minister: No One To Blame For Financial Crisis

October 10, 2008 8:40 am | by Harry Dunphy, Associated Press Writer | News | Comments

Finance Minister Christine Lagarde made her remarks while in Washington for a meeting of finance ministers of the Group of Seven industrialized nations.

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Oil Prices Plunge Below $78 A Barrel

October 10, 2008 8:12 am | by Stevenson Jacobs, AP Business Writer | News | Comments

Crude oil prices briefly dropped to $77.28 a barrel Friday, as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis.

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Weyerhaeuser Selling Wood Building Products Unit

October 10, 2008 8:10 am | News | Comments

Timber company said Friday that it will sell its Trus Joist Commercial division that makes wooden building products to a holding company for an undisclosed sum.

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Brunswick Closing 4 Plants, Cuts 1,400 Jobs

October 10, 2008 8:09 am | by Ashley M. Heher, AP Business Writer | News | Comments

Beleaguered boatmaker said it will cut 1,400 more jobs as the company shuts four plants and furloughs workers at three more, as boat sales slump to near-record levels.

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Mars Has Hershey In Its Sights -- Literally

October 10, 2008 8:08 am | by Marc Levy, AP Business Writer | News | Comments

M&M-making rival has crept up on Hershey's dominance of U.S. chocolate buyers, and now has set up shop just 10 miles from Hershey's flagship factory.

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OSHA Fines N.Y. Brewery After Fire

October 10, 2008 8:05 am | News | Comments

Federal regulators have fined F.X. Matt Brewing Co. $5,000 for safety violations following a fire that destroyed the company's bottling facilities.

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Flexible OLED Lighting Could Have Bright Future

October 10, 2008 7:56 am | by Peter Svensson, AP Technology Writer | News | Comments

Organic light-emitting diodes printed onto flexible sheets that can wrap around pillars, be taped to windows or even used as wallpaper, could make nearly every household lamp obsolete.

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GM Shares Hit 58-Year Low

October 10, 2008 7:40 am | by Dan Strumpf, AP Auto Writer | News | Comments

General Motors shares hit their lowest price since 1949 in the opening minutes of trading Friday, but rebounded by midmorning.

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Rohm And Hass Lifts Force Majeure

October 10, 2008 6:49 am | News | Comments

Chemical maker says it has resumed full supply for some products at two Texas plants affected by Hurricane Ike in September.

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Sauer-Danfoss CEO To Retire

October 10, 2008 6:20 am | News | Comments

Maker of hydraulic, electric and electronic systems and components said David J. Anderson plans to retire and named Sven Ruder his replacement.

MAPI: U.S. Financial Crisis Threatens Global Economy

October 10, 2008 6:18 am | by Edited by Manufacturing.net Staff | News | Comments

Turmoil in the American financial system catalyzed a chain reaction of financial and political events, creating uncertainty surrounding the near-term global outlook, according to MAPI.

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Fleetwood Closing Pennsylvania Plant

October 10, 2008 6:00 am | News | Comments

Motor home maker will shutter its production plant in Paxinos, Pa., and move the operations to Decatur, Ind.

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Miss. Furniture Parts Maker Plans Layoffs

October 10, 2008 5:58 am | News | Comments

Leggett & Platt said it will lay off 259 workers at two plants in northeast Mississippi, due to a consolidation of operations.

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