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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Bristol-Myers Offers $4.5B For ImClone

July 31, 2008 5:10 am | Comments

Drug developer offered $4.5 billion in cash for its cancer drug partner Thursday, though the biotechnology company's board has yet to comment on the proposal.

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July Auto Sales Outlook Grim

July 30, 2008 1:30 pm | by Dee-Ann Durbin And Tom Krisher, AP Auto Writers | Comments

Automakers report July's U.S. sales on Friday, and results are expected to continue downward trend that has plagued the industry all year.

Kemet Announces 640 Worldwide Job Cuts

July 30, 2008 12:40 pm | Comments

Electronic capacitor manufacturer said Wednesday that about 200 of those jobs will be in the U.S. with the remainder at operations in Asia, Europe and Mexico.

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FDA Seizes $24 Million In Unapproved Drugs

July 30, 2008 12:35 pm | Comments

Government agencies have seized more than $24 million worth of unapproved new drugs from St. Louis-based KV Pharmaceutical Co.

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GM Reportedly Cutting More Than 5,000 Salaried Workers

July 30, 2008 12:20 pm | by Dee-Ann Durbin, AP Auto Writer | Comments

General Motors is reported to be planning to cut 15 percent of its U.S. and Canadian salaried work force by Nov. 1 as part of a plan to slash billions of dollars.

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Anheuser To Brew More Using Renewable Fuel

July 30, 2008 12:15 pm | Comments

Maker of Budweiser and Michelob beers said its breweries in Houston and Fairfield, Calif. are installing technology using alternative energy that will be running by the year's end.

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New U.S. VW Plant May Build 2 Vehicles

July 30, 2008 12:10 pm | by Lucas L. Johnson II, Associated Press Writer | Comments

Spokeswoman says that Volkswagen, which announced its Chattanooga plant site selection just two weeks ago, is thinking about production of a second vehicle 'in the foreseeable future.'

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House Moves To Ban Lead From Children’s Products

July 30, 2008 12:05 pm | by Jim Abrams, Associated Press Writer | Comments

Bill would require third-party testing for many toys, a key change in monitoring practices following a year in which 45 million children's products -- 30 million from China -- were recalled.

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Louisiana Tries To Lure Steel Plant

July 30, 2008 10:55 am | Comments

Executives at Nucor Corporation have said they're considering the Saint James Parish location and other foreign sites for construction of a $2 billion plant.

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Dover Selling ATM Unit To South Korean Company

July 30, 2008 10:50 am | Comments

Industrial parts and equipment maker said Wednesday that it is selling its ATM business to a subsidiary of the South Korean manufacturing conglomerate Hyosung Corp.

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Johnson & Johnson Buys Chinese Cosmetics Company

July 30, 2008 10:50 am | Comments

Health-care products giant said it has bought one of China's best-known cosmetics companies, a move that will expand J&J's line of skin-care products in the Chinese market.

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McCormick Gets OK To Acquire Lawry's

July 30, 2008 10:45 am | Comments

Spice maker said Wednesday the Federal Trade Commission has given conditional approval to its $604 million buyout of marinade and seasoning maker Lawry's.

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Nissan Offering Buyouts To Tennessee Workers

July 30, 2008 9:30 am | by Travis Loller, Associated Press Writer | Comments

Automaker will offer buyouts to employees at two Tennessee plants and eliminate a night shift at one plant because rising fuel prices and the economic downturn slowed truck and SUV sales.

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Freight Index Rises Again, Outlook Still Cautious

July 30, 2008 9:25 am | Comments

American Trucking Associations said goods shipped by truck rose in June, but the trade group's chief economist suggested the nation's economy might not yet be on the road to recovery.

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Irish Unemployment Hits 9-Year High

July 30, 2008 9:25 am | by Shawn Pogatchnik, Associated Press Writer | Comments

Ireland's unemployment rate hit 5.9 percent as economists warned that layoffs were spreading quickly to most parts of the economy.

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Michelin Profit Shrinks, Lowers Forecast

July 30, 2008 9:15 am | by Greg Keller, Associated Press Writer | Comments

French tiremaker blamed the slide on a 'significant drop' in the market for replacement tires in Europe and North America and a sharp rise in raw material costs.

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Nations Trade Blame On WTO Talks Failure

July 30, 2008 9:15 am | by Bradley S. Klapper, Associated Press Writer | Comments

U.S., Europe and other commercial powers grappled Wednesday with the magnitude of their failure to reach a new global trade pact, and traded blame for the collapse of seven years of talks.

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GM Will Continue Offering Leasing Incentives

July 30, 2008 9:10 am | by Bree Fowler, AP Business Writer | Comments

General Motors has told dealers it will continue to offer leasing incentives in August, while it and other automakers continue to scrutinize their leasing practices.

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Study: China Trade Deficit Cost U.S. Millions Of Jobs

July 30, 2008 8:35 am | Comments

China's soaring trade deficit cost Americans 2.3 million jobs and $19.4 billion in lost wages between 2001 and 2007, according to an Economic Policy Institute study released Wednesday.

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CIBC: Inflation Could Hit 6 Percent

July 30, 2008 7:00 am | Comments

Chief economist of Toronto-based investment bank CIBC, predicts a 6 percent rate for overall inflation, a level last seen in 1982.

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