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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.


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.


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.


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.


Anark Names Garcia Senior VP, Business Development

January 22, 2009 6:31 am | by Edited by 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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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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