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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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