News
Boston Scientific Raises Cost For Settlement
November 19, 2007 5:59 am | CommentsThe medical device maker will pay as much as $240 million instead of the initial $195 million from a defibrillator lawsuit settlement announced in July.
Tata Motors Defends New Ultracheap Car
November 19, 2007 5:57 am | by Rajesh Mahapatra, AP Business Writer | CommentsAutomaker's chairman refutes claims that new vehicle, called "the people's car," will add to traffic chaos and increase carbon emissions in India.
Maxwell, Chinese Partner To Make Hybrid Batteries
November 19, 2007 5:53 am | CommentsThe deal between the energy storage company and Tianjin Lishen Battery will incorporate the companies' respective ultracapacitor and ion battery technology.
Sony Cuts Fees For PS3 Game Developers
November 19, 2007 5:21 am | by Yuri Kageyama, AP Business Writer | CommentsElectronics maker hoping to boost number of video games for the struggling PlayStation 3; move follows last month's price cuts for the game console.
SABMiller To Bid $1.2 Billion For Grolsch
November 19, 2007 5:15 am | CommentsWorld's third-largest brewer says the acquisition of second-largest Dutch beermaker will help Miller grow its premium brand business.
Puerto Rico's Pharmaceutical Industry 'Terminally Ill'
November 19, 2007 4:59 am | by Michael Melia, Associated Press Writer | CommentsExperts predict Puerto Rico is in danger of losing its position as a top five global drug-making center unless it offers better incentives and shifts more toward research.
Renault Samsung Unveils First SUV
November 19, 2007 4:50 am | CommentsSouth Korean company expects to sell 100,000 of the new QM5 in 2008, 35 percent at home and 65 percent overseas, doubling vehicle sales.
Quanex Selling Automotive Unit For $1.57 Billion
November 19, 2007 4:44 am | CommentsSale to Brazil steelmaker Gerdeau SA will leave the engineered products maker's building products unit as a standalone business.
Applied Materials Acquires Baccini For $330 Million
November 19, 2007 4:40 am | CommentsSemiconductor equipment maker buying the supplier of automated metallization and test systems for making solar cells to strengthen position in photovoltaic industry.
China Sunergy Making High-Efficiency Solar Cells
November 19, 2007 4:28 am | CommentsCells with higher efficiency rates can produce more energy from fewer panels, but the efficiency of the company's newly-commercialized cells fell below pilot run.
Middleby Buying Foodservice Company New Star
November 19, 2007 4:27 am | CommentsCooking equipment manufacturer paying $188 million for commercial foodservice equipment maker to expand in fast casual dining, bakery-cafe and convenience-store segments.
Samsung Work Force Drops For First Time In 5 Years
November 19, 2007 4:19 am | by Kelly Olsen, AP Business Writer | CommentsOfficials at the electronics manufacturer say the decrease of 1,630 employees in six months is not part of restructuring.
U.S. Trade Rep: Doha Agreement Is Top Priority
November 19, 2007 4:17 am | CommentsSusan Schwab says progress has been made in the areas of agriculture and manufacturing, and she believes a world trade agreement could be reached before Bush leaves office.
Japanese Steel Against BHP Billiton, Rio Tinto Tie-Up
November 19, 2007 4:09 am | by Mari Yamaguchi, Associated Press Writer | CommentsChairman of the Japan Iron and Steel Federation says a melding of two of the largest raw-materials suppliers is undesirable for industrial competition and pricing.
Pitney Bowes Goes Digital, Sheds 1,500 Jobs
November 16, 2007 10:35 am | by Stephen Singer, AP Business Writer | CommentsMail and document-managing company cutting 4 percent of its workforce as it outsources manufacturing work and streamlines management.
GE Aviation Wins $10B In Orders At Dubai Airshow
November 16, 2007 10:26 am | by Edited by Manufacturing.net Staff | CommentsTo meet demand for its GEnx engines, GE will expand jet engine production rates by more than 50 percent in the next three years.
Carbo Ceramics Will Idle Louisiana Plant Production
November 16, 2007 10:25 am | CommentsThe company, which makes substances to boost oil and gas well output, said the decision was based on the rising cost of imported raw material and the small scale of the facility.
Vulcan Materials Acquires Florida Rock
November 16, 2007 10:00 am | CommentsThe $4.2 billion acquisition of the cement and concrete products manufacturer bolsters the construction materials producer's operations in Florida and diversifies its nationwide presence.
Dynamic Materials Buys DYNAenergetics
November 16, 2007 6:45 am | CommentsIndustrial metalworking company bought Germany-based manufacturer of clad metal plates and various explosives-related oil-field products for $96.6 million.
Middle East Firm Buys Stake In Chip Maker AMD
November 16, 2007 5:53 am | CommentsUnited Arab Emirates-based investment firm buys 8.1 percent stake in No. 2 microprocessor maker Advanced Micro Devices for $622 million.
