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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Alpharma Rejects King's $1.6B Takeover Bid

September 26, 2008 5:35 am | Comments

Drug developer said Friday it turned down King Pharmaceuticals hostile $1.6 billion bid, saying it was inadequate and the company has already received better offers.


Chrysler To Fire 250 Workers

September 26, 2008 5:23 am | Comments

Automaker will fire about 250 salaried workers by the end of the month as the automaker tries to meet its goal of cutting 1,000 white-collar jobs.


Singapore Manufacturing Falls In August

September 26, 2008 5:20 am | by Alex Kennedy, Associated Press Writer | Comments

Manufacturing plummeted 12 percent compared to the same month a year ago as global demand fell for the city-state’s exports, pushing the country toward a recession.


Hyundai Union Approves Revised Deal

September 26, 2008 5:17 am | by Kelly Olsen, AP Business Writer | Comments

Unionized workers at Hyundai Motor approved a revised wage package following a series of partial strikes that cost the Korean automaker hundreds of millions of dollars.


Report: China To Cut Iron Ore Imports

September 26, 2008 5:11 am | Comments

China to cut back on iron ore imports due to a pricing issue, which has long been a point of contention between Beijing and its foreign raw materials suppliers.


Trimble Navigation To Buy Germany’s Toposys

September 26, 2008 5:10 am | Comments

Navigation and surveying device maker said Friday that it agreed to acquire TopoSys GmbH, a German provider of aerial data collection systems, in an all-cash deal.


GM Ends Second Shift At Louisiana Plant

September 26, 2008 5:05 am | Comments

Second shift at the General Motors truck assembly plant in Shreveport, La., has ended, eliminating the jobs of 798 employees and leaving the payroll at less than 800.


Japan Boosts Food Import Inspections

September 26, 2008 5:04 am | by Mari Yamaguchi, Associated Press Writer | Comments

Food products from 12 Asian countries and territories with a record of importing milk products from China were added to a watch list for special inspections in Japan.


Foster's Acting CEO To Take Top Job

September 25, 2008 10:50 pm | Comments

Brewer and winemaker has appointed Ian Johnston to head the company after serving as acting CEO for about three months.

Deal Near On $700B Financial Bailout Plan

September 25, 2008 1:30 pm | by Julie Hirschfeld Davis, Associated Press Writer | Comments

Lawmakers have cleared away key obstacles to the record rescue, agreeing to include widely supported limits on pay packages for executives whose companies benefit.


UPDATE: Lawmakers Reach Financial Bailout Agreement

September 25, 2008 12:55 pm | by Julie Hirschfeld Davis, Associated Press Writer | Comments

Warned of possible financial panic, lawmakers reported agreement Thursday on a $700 billion bailout of the financial industry and will present it to the Bush administration in hopes of a vote within days.


GE Slashes Forecast

September 25, 2008 12:10 pm | by Stephen Singer, AP Business Writer | Comments

General Electric, a bellwether of the U.S. economy, warned that its GE Capital unit would face 'difficult conditions' that are unlikely to improve soon.


GM Announces New Volt Engine Plant

September 25, 2008 11:56 am | by Tom Krisher, AP Auto Writer | Comments

Automaker says it will build a new factory in Flint, Mich., to make four-cylinder engines for the Chevrolet Volt electric car and other models.


FKI Logistex Appoints Two Directors

September 25, 2008 11:36 am | by Edited by Staff | Comments

Company appointed Eric Rice to Director, Technical Supports, and promoted Thomas Klercke to Director, Sortation Services & Support.

Wagoner: GM Weighing Plant Cuts

September 25, 2008 11:14 am | by Tom Krisher, AP Auto Writer | Comments

General Motors CEO said the automaker is still studying further cuts in engine, stamping and transmission plants to correspond with plant cuts it already has announced.


GM: $25 Billion Gov't Loan Will Go To Good Use

September 25, 2008 11:11 am | by Tom Krisher, AP Auto Writer | Comments

Wagoner said many of the loan program's specifics still must be written by the U.S. Department of Energy, but GM can live with the version the House approved Wednesday.


Terra Nova Shoes Expands Plant

September 25, 2008 8:40 am | Comments

Major footwear manufacturer in Harbour Grace, Newfoundland has completed a plant expansion that will add about 50 new positions to the current workforce of 170.


Delphi Nearing Agreement Over GM Support

September 25, 2008 8:35 am | Comments

Auto parts maker has changed a tentative agreement on how much General Motors will contribute to help it emerge from bankruptcy.


Allen-Vanguard Cutting 100 Jobs

September 25, 2008 8:25 am | Comments

Maker of bomb-disabling technology, blast suits and other extreme-hazard gear said Thursday it will eliminate 15 percent of its total workforce in a cost-cutting restructuring.


Bombardier Ends Talks For Russian Railway Stake

September 25, 2008 8:24 am | Comments

Transportation giant ended talks to buy a stake in Russian railway locomotive manufacturer Transmashholding, apparently because of a disagreement over the price.



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