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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

U.K. Manufacturing Outlook Grim

January 22, 2009 7:00 am | by Dean Carson, Associated Press Writer | Comments

Optimism in Britain's manufacturing sector has slid to a near 30-year low despite the falling pound and outlook for the next three months is grim, business leaders said Thursday.

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Lockheed Martin Lowers Outlook Over Pension Costs

January 22, 2009 6:49 am | by Stephen Manning, AP Business Writer | Comments

Even though earnings were up in the fourth quarter, defense contractor lowered its 2009 profit outlook on an expected spike in pension costs linked to recent market turmoil.

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New Jobless Claims Jump More Than Expected

January 22, 2009 6:46 am | by Christopher S. Rugaber, AP Economics Writer | Comments

Labor Department reported Thursday that initial jobless benefit claims rose to a seasonally adjusted 589,000 -- well above economists' expectations of 540,000 new claims.

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Chinese Economy Slows Sharply

January 22, 2009 6:34 am | by Joe McDonald, AP Business Writer | Comments

Growth for the three months through December fell to 6.8 percent compared with a year earlier, down from 9 percent the previous quarter, the government said.

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Anark Names Garcia Senior VP, Business Development

January 22, 2009 6:31 am | by Edited by Manufacturing.net Staff | Comments

Provider of automated 3D CAD transformation and visualization solutions named Chris Garcia Senior Vice President of Business Development.

Sony Expects First Net Loss In 14 Years

January 22, 2009 6:21 am | by Yuri Kageyama, AP Business Writer | Comments

Japanese electronics maker expects to sink into a $1.7 billion net loss for the fiscal year through March, while the CEO vows for a turnaround through job and wage cuts.

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China To Execute 2 In Tainted Milk Scandal

January 22, 2009 6:00 am | by Anita Chang, Associated Press Writer | Comments

Chinese court condemned two men to death and handed a life term to a dairy boss for their roles in a contaminated milk scandal that killed at least six babies.

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S.Korean Economy Hits 10-Year Low

January 22, 2009 4:55 am | by Kelly Olsen, AP Business Writer | Comments

Asia's fourth-largest economy shrank 3.4 percent in the fourth quarter of 2008, contracting from the previous year for the first time in a decade.

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Japan’s Exports Hit Record Low In December

January 22, 2009 4:45 am | by Tomoko A. Hosaka, Associated Press Writer | Comments

Exports fell for the third straight month, plunging 35 percent from the same month a year ago and surpassing the previous record, November's 26.7 percent retreat.

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UAW: Union Will Make More Concessions

January 22, 2009 4:40 am | by Tom Krisher, AP Auto Writer | Comments

United Auto Workers President Ron Gettelfinger says the union will have to make further concessions as Detroit's automakers try to meet the terms of government loans.

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Schwarzenegger Wants Obama's Help With Emissions

January 22, 2009 4:37 am | by Samantha Young, Associated Press Writer | Comments

Republican governor sent a letter to the new Democratic president asking him to give California and other states permission to implement tough tailpipe-emission standards.

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GM Gets 2nd Federal Loan Installment Of $5.4B

January 22, 2009 4:20 am | by Tom Krisher, AP Auto Writer | Comments

Detroit automaker will get another $4 billion Feb. 17 when it submits a plan to the government to show how it will become viable.

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France Predicts Zero Growth In 2009

January 22, 2009 4:15 am | by Greg Keller, AP Business Writer | Comments

French economic growth will be 'close to zero' this year the top official for France's economic recovery plan said Thursday; economists said even that was too optimistic.

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Fiat Denies Peugeot Merger Rumors

January 22, 2009 4:15 am | Comments

Automaker has denied a report that it is considering raising $2.58 billion to fund a merger with France's PSA Peugeot-Citroen.

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UK Vehicle Production Tumbles In December

January 22, 2009 4:07 am | Comments

Vehicle production in the United Kingdom slumped 48 Percent from the same month the year before as the credit crisis continued to hit demand hard, a trade group said.

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N.D. Considers Dropping Vehicle Rebate Tax

January 22, 2009 4:05 am | by Dale Wetzel, Associated Press Writer | Comments

North Dakota lawmakers have introduced legislation to eliminate the state's motor vehicle excise tax on manufacturers' rebates.

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Fiat Looking For U.S. Comeback

January 21, 2009 12:25 pm | by Ariel David, Associated Press Writer | Comments

An alliance with Chrysler and a new generation of safe and stylish cars have positioned the Italian automaker for a comeback in the U.S. after an absence of more than two decades.

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Hawker Beechcraft Warns Of Far-Reaching Job Cuts

January 21, 2009 10:15 am | by Roxana Hegeman, Associated Press Writer | Comments

Airplane maker warned its workers Wednesday to prepare for job cuts that could touch all areas and levels of the company.

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Genentech Announces Discovery Research VP

January 21, 2009 10:05 am | Comments

Biotechnology company named Jennifer Doudna to the newly created position of vice president of discovery research.

Speedway Motors Buying Street Rods

January 21, 2009 10:00 am | Comments

Lincoln-based manufacturer and retailer of racing products has announced that it's buying the street rod-related assets of Wallingford, Conn.-based Total Performance, Inc.

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