News
China, S. Korea Probe Factory Worker Complaints
February 28, 2008 4:39 am | by Elaine Kurtenbach, AP Business Writer | CommentsChina and South Korea are investigating complaints that hundreds of Korean-invested factories have closed down, leaving workers without pay.
Nintendo Display Panel Makers Raided For Price-Fixing
February 28, 2008 4:32 am | by Mari Yamaguchi, Associated Press Writer | CommentsJapan's fair trade watchdog raided two electronics companies Thursday on suspicion of fixing prices of display panels for Nintendo's popular DS portable game machines.
Japanese Industrial Output Slips In January
February 28, 2008 4:29 am | CommentsIndustrial output fell more than expected on weaker overseas demand for electronic devices and cars, adding to fears the nation's economy may be facing a recession.
Qualcomm: ITC Upheld Nokia Patent Infringement Ruling
February 28, 2008 4:20 am | CommentsWireless technology company said the International Trade Commission has upheld a judge's ruling that Nokia Corp.'s handsets do not infringe on three of its patents.
Danish Tobacco Group Sells Cigarette Business
February 28, 2008 4:18 am | by Jan M. Olsen, Associated Press Writer | CommentsDenmark-based Scandinavian Tobacco Group sold its cigarette activities to British American Tobacco PLC in a $4.1 million deal.
Unemployment Claims Soared Last Week
February 28, 2008 4:15 am | CommentsMore workers signed up for unemployment benefits last week with applications rising by 19,000 to 373,000 — an increase larger than expected.
China Becomes Japan's Largest Trading Partner
February 28, 2008 4:15 am | CommentsChina accounted for 17.7 percent of Japan's total trade last year, while the United States dropped to second place, with 16.1 percent of the total.
Factory Orders For Big-Ticket Goods Plunge In January
February 27, 2008 11:16 am | by Martin Crutsinger, AP Economics Writer | CommentsU.S. factory orders for big-ticket manufactured goods fell by the largest amount in five months as manufacturers got caught in the weakness engulfing the rest of the economy.
Daimler: Chrysler Lost $2.7 Billion In Two Months
February 27, 2008 10:50 am | by Tom Krisher, AP Auto Writer | CommentsChrysler lost about $2.7 billion from August to September after Daimler sold the automaker to a New York private equity firm, Daimler said in its annual report.
EU Fines Microsoft A Record $1.3 Billion
February 27, 2008 10:40 am | by Aoife White, AP Business Writer | CommentsRegulators imposed a record $1.3 billion fine on the software giant for failing to fully comply with a 2004 antitrust order; Microsoft has not decided whether to appeal.
USDA Sued Over 'Downer' Cows
February 27, 2008 10:34 am | CommentsHumane Society of the United States has filed a lawsuit against the government alleging that a legal loophole allows so-called 'downer' cows to get into the food supply.
Glasfiber Produces First Windmill Blade
February 27, 2008 10:30 am | CommentsLM Glasfiber, which is building a $150 million factory to produce windmill blades, showed off the first blade it produced at a temporary facility in Little Rock.
Purcell Systems Announces New Roles
February 27, 2008 7:15 am | CommentsNew president, CEO Lyle Jordan will focus on operations in North and South America while Robert Kjelldorff will oversee European, Middle East and African markets.
U.S. Steel Appoints Senior VP-European Operations
February 27, 2008 6:45 am | CommentsGeorge F. Babcoke will oversee steelmaker's two European operations: U. S. Steel Kosice in the Slovak Republic and U. S. Steel Serbia in the Republic of Serbia.
EU Allows Acer To Purchase Packard Bell
February 27, 2008 6:05 am | CommentsEuropean Commission regulators approved the purchase of Netherlands-based PC maker Packard Bell by Taiwan's Acer on Wednesday.
Dial Soap Maker Could Send 3000 Jobs Down The Drain
February 27, 2008 5:55 am | by Matt Moore, AP Business Writer | CommentsHenkel KGaA, the German maker of household products, is planning an efficiency program that could eliminate as many as 3,000 jobs, or almost 6 percent of its global work force.
Honda Plans To Halt Motorcycle Production In U.S.
February 27, 2008 5:55 am | by James Hannah, Associated Press Writer | CommentsAutomaker currently makes motorcycles at its plant in Marysville, Ohio, employing 450 workers; there will be no layoffs when production ends in spring 2009.
Magna Expecting Vehicle Production To Slip
February 27, 2008 5:51 am | CommentsCanadian automotive supplier forecasts full-year 2008 light vehicle production volumes to fall to 14.4 million units in North America from 15.1 million in 2007.
Bernanke: Fed Ready To Ease Credit Further
February 27, 2008 5:50 am | CommentsFederal Reserve Chairman Ben Bernanke assured Congress on Wednesday that the Fed is ready to further loosen its grip on credit to avoid recession.
Economic Confidence Among Execs Continues To Fall
February 27, 2008 5:44 am | by Edited by Manufacturing.net Staff | CommentsRecession fears led to a further decline in optimism among consumer products senior executives in the fourth quarter of 2007, according to PricewaterhouseCoopers.
