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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Johnson & Johnson Buying Omirix For $438M

November 24, 2008 3:55 am | Comments

Diversified health care-products company said Monday it will pay $438 million for Omrix Biopharmaceuticals Inc., in a move to expand its surgical product unit.


Detroit To Host National Summit

November 24, 2008 3:51 am | Comments

More than a dozen corporate chiefs have agreed to speak at the convention next year on the future of manufacturing, technology, energy and the environment.

France, Germany Compare Economic Solutions

November 24, 2008 3:50 am | Comments

Two countries said they agreed that coordinated action was key to addressing the economic downturn, even if different measures were used by Paris or Berlin.


GM-Suzuki Workers OK Layoffs

November 24, 2008 3:47 am | Comments

Workers at CAMI Automotive, a GM and Suzuki joint venture, voted in favor of rotating layoffs between January and April 2009, meaning members will work in alternating two-week shifts.


Buffett: Automakers Face Bailout Or Bankruptcy

November 21, 2008 12:01 pm | by Josh Funk, AP Business Writer | Comments

Billionaire investor Warren Buffett says U.S. automakers need a new business model to better compete, whether it takes bankruptcy or a government bailout to achieve.


Grand Jury Indicts Agriprocessors

November 21, 2008 9:55 am | Comments

Federal grand jury in Iowa has returned a 12-count indictment against the meatpacker and some employees on charges ranging from conspiracy and harboring illegal immigrants to bank fraud.


Fed Official Weighs In On Economy

November 21, 2008 9:48 am | by Jeannine Aversa, AP Economics Writer | Comments

Economy's weakness to stretch well into next year, though it's difficult to tell how long and how deep the downturn will be, according to Federal Reserve Bank of Chicago's president.


International Paper Shutters Louisiana Mill

November 21, 2008 9:25 am | Comments

Paper maker said Friday that it would indefinitely shut down a pulp mill operation in Bastrop, La., affecting about 550 employees.


Eclipse Gets European Approval On Very Light Jet

November 21, 2008 9:20 am | by Heather Clark, Associated Press Writer | Comments

Company received certification of its very light jet, which will allow the Albuquerque aircraft manufacturer to sell its Eclipse 500 in 37 European countries.


Airbus Benefited From Boeing Strike

November 21, 2008 8:55 am | Comments

Boeing's rival benefited from the recently ended machinists strike, as it gave stretched suppliers more time to focus on orders from the European jet maker, Airbus said.


Coachmen Selling RV Business

November 21, 2008 8:51 am | Comments

Rival Forest River will acquire most of the assets of Coachmen's RV business, including the brands, product lines, central manufacturing operations and a dealership in Indiana.


GM May Lengthen Holiday Shutdown, Cut Production

November 21, 2008 8:45 am | by Tom Krisher, AP Auto Writer | Comments

Union officials said GM will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.


Researcher Gets Prison For Selling Trade Secrets

November 21, 2008 7:17 am | Comments

Former researcher for Lubrizol has been sentenced in Cleveland to 19 months in prison for selling the chemical company's trade secrets to a competitor in South Korea.


Boeing: Layoffs Possible In 2009

November 21, 2008 7:14 am | by Daniel Lovering, AP Manufacturing Writer | Comments

Chicago-based plane maker says it will likely lay off more workers next year as it cuts costs in a slowing economy.


Automakers Scramble To Make Case For Bailout

November 21, 2008 7:01 am | by Ken Thomas, Associated Press Writer | Comments

Detroit's embattled automakers have two weeks to show a skeptical Congress how a multibillion-dollar lifeline will help them keep the industry from imploding.


Eli Lilly Completes ImClone Buyout

November 21, 2008 5:40 am | Comments

Drug developer said Friday it completed a tender offer worth about $6 billion for ImClone Systems Inc., marking Lilly's biggest buyout in the biotechnology industry.


Chinese Engineers Plead Guilty To Economic Espionage

November 21, 2008 5:30 am | by Jordan Robertson, AP Technology Writer | Comments

Engineers admitted they stole computer chip designs from their Silicon Valley employers and tried to smuggle secrets to China to launch a government-backed startup there.


Economists: Michigan Economy Is In 'Reverse'

November 21, 2008 5:30 am | by Kathy Barks Hoffman, Associated Press Writer | Comments

University of Michigan economists say the state economy will remain 'stuck in reverse' through 2010, as it struggles with the hard-hit domestic automakers.


Analyst: GM Vulnerable During Bailout Delay

November 21, 2008 5:25 am | Comments

Bailout of the auto industry is likely, according to an analyst, but the extra time U.S. House and Senate leaders are taking could lead to liquidity issues in the near-term.


Bush Extends Jobless Benefits

November 21, 2008 5:21 am | by Jim Abrams, Associated Press Writer | Comments

With no end in sight to economic bad news, President Bush ensured that millions of laid-off workers will keep getting unemployment checks as the year-end holidays approach.



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