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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Jobless Claims Surge On Weak Economy

July 24, 2008 6:19 am | by Jeannine Aversa, AP Economics Writer | Comments

Number of new claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy.


Roche Sued Over Genentech Bid

July 24, 2008 6:10 am | Comments

Lawsuit claims the Swiss pharmaceutical company is offering too little in its takeover bid for Genentech Inc.


Hynix Semiconductor Closing U.S. Chip Plant

July 24, 2008 6:05 am | Comments

Second-largest memory chip manufacturer will close its only U.S. factory amid changes in production standards and steep price declines buffeting the industry.


Renault Profit Rises, Cuts Production

July 24, 2008 6:04 am | by Emma Vandore, AP Business Writer | Comments

After reporting a 37 percent increase in first-half profit, French carmaker said it plans to cut jobs and scale back production to adjust for slowing economic growth.


GE Unit Buying Vital Signs

July 24, 2008 6:02 am | Comments

General Electric's healthcare unit signed a deal to acquire medical products maker Vital Signs Inc. in a deal worth about $860 million.


WTO: Progress In Marathon Meeting

July 24, 2008 5:55 am | Comments

Marathon meeting of the world's top commercial powers ended early in the morning in Geneva with negotiators citing some progress in talks on a new global trade pact.


Lawmakers, Labor Dept Dispute Worker Exposure Rule

July 24, 2008 5:45 am | by Erica Werner, Associated Press Writer | Comments

Leading lawmakers accused the White House of acting in secret to make it harder to limit worker exposure to carcinogens and other dangerous chemicals in the workplace.


GAO: Auditors Pressured On Defense Contracts

July 24, 2008 5:40 am | by Stephen Manning, AP Business Writer | Comments

Auditors at a Pentagon oversight agency forced changes to unfavorable reports on contracts with some of the nation's largest defense companies.


Minimum Wage To Rise 70 Cents

July 24, 2008 5:31 am | by Christopher S. Rugaber, AP Business Writer | Comments

About 2 million Americans get a raise as the federal minimum wage rises to $6.55, but some small businesses will be forced to pass the extra costs on to consumers.


Inflation Pressures May Ease In Asia

July 24, 2008 5:26 am | by Alex Kennedy, Associated Press Writer | Comments

Asian countries this week have been reporting the highest inflation in decades but slowing oil and food costs may help ease price increases by the end of the year.


Report: CAW Close To 'Unique' Deal With GM

July 24, 2008 5:25 am | Comments

Toronto Star reports the Canadian Auto Workers union is close to reaching a resolution in a bitter dispute over the pending shutdown of GM’s truck plant in Ontario.


Mecachrome To Lay Off Nearly 200 Workers

July 24, 2008 5:22 am | Comments

Aircraft and automotive parts manufacturer will cut 41 jobs in Canada and 150 in France as part of a restructuring amid lower demand for its products.


Union Says Pratt & Whitney Seeking Buyouts

July 24, 2008 5:20 am | Comments

Jet engine maker seeking unspecified number of workers to accept voluntary retirement packages as it cuts its work force to adapt to troubles in the airline industry.


Nissan Auto Parts Supplier Cuts 36 Jobs

July 24, 2008 5:15 am | Comments

Yorozu Automotive has laid off 36 employees at its Mississippi plant, citing a lower demand for trucks and SUVs.


Western States Develop Emissions Plan

July 24, 2008 5:12 am | by Brad Cain, Associated Press Writer | Comments

Seven Western states are joining four Canadian provinces to propose a plan to limit greenhouse gas emissions through use of a 'cap and trade' system.


Toyota Tops GM In First Half Global Sales

July 23, 2008 1:14 pm | by Yuri Kageyama, AP Business Writer | Comments

After selling more than 4.8 million vehicles, surpassing General Motors' 4.5 million, Toyota could end GM's 77-year run as the world's top automaker.


Chrysler Cutting 1,000 Salaried Jobs

July 23, 2008 12:40 pm | by Dee-Ann Durbin, AP Auto Writer | Comments

Automaker plans to cut 1,000 salaried positions worldwide by Sept. 30 and says the layoffs are needed because of the prolonged slump in the U.S. auto industry.


N.Y. Says Garment Factory Was Illegal Sweatshop

July 23, 2008 12:17 pm | Comments

State's labor commissioner says workers at the Jin Shun Inc. factory in Queens were shortchanged by $3 million since 2005; most were Chinese immigrants.


Retired Army General New President Of AM General

July 23, 2008 12:16 pm | Comments

Retired Gen. Paul Kern will replace James Armour as president effective Aug. 1.

Continental Snubs Schaeffler's $17.6B Offer

July 23, 2008 12:10 pm | by George Frey, AP Business Writer | Comments

Continental said its boards dismissed Schaeffler's current offer, made earlier this month -- but agreed that a deal of some kind with Schaeffler is 'desirable.'



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