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Daily news and top headlines for manufacturing professionals

P & G May Spin Off Folgers Coffee

January 16, 2008 11:10 am | by Dan Sewell, AP Business Writer | News | Comments

Media reports, citing unidentified sources, claim Procter & Gamble Co. might spin off, instead of sell, its Folgers coffee business for tax reasons.

Inflation Rate Worst In 17 Years

January 16, 2008 5:35 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Higher costs for energy and food pushed U.S. inflation up even though prices generally remained tame outside of those two areas.

Victor Plastics Files For Bankruptcy

January 16, 2008 5:10 am | News | Comments

Iowa-based company blamed demise on the loss of key customers and the rising costs of raw materials such as resin.

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Airbus-Boeing Legal Battle Faces Setback

January 16, 2008 5:10 am | by Bradley S. Klapper, Associated Press Writer | Airbus, Boeing | News | Comments

Verdicts have been further delayed in the U.S.-EU dispute over government support for rival plane makers Boeing Co. and Airbus.

North American Foods Closes Grand Forks Plant

January 16, 2008 5:00 am | News | Comments

Dehydrated potato flake processing plant which employs about 125 people will close March 15.

Cephalon Closes Plant, Consolidates

January 16, 2008 4:53 am | by Deborah Yao, AP Business Writer | News | Comments

Drugmaker closing Cima Labs Inc. in Eden Prairie, Minn. and moving manufacturing to a Salt Lake City facility.

Collins & Aikman Canada Plant To Close

January 16, 2008 4:45 am | News | Comments

Struggling Canadian automotive parts manufacturer has recently seen a steep decline in its contracts with major automakers.

Boeing Outsells Airbus For 2007

January 16, 2008 4:39 am | by Emma Vandore, Associated Press Writer | Airbus, Boeing | News | Comments

Airbus said it trailed Boeing Co. in logging new orders last year by a total of 72 civilian jets, but beat its U.S. rival on deliveries.

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Intel: Economy Not To Blame For Financial Troubles

January 16, 2008 4:31 am | by Jordan Robertson, AP Technology Writer | News | Comments

Chip maker blamed the shortfall on lower-than-expected sales of NAND flash memory and microprocessor prices staying flat despite an acceleration in sales during the quarter.

Germans Angry Over Nokia Plant Closure

January 16, 2008 4:20 am | News | Comments

Influential German state governor voiced anger over decision to shut a manufacturing plant, dismissing the argument that costs are too high.

Wholesale Inflation Jump Largest Since 1981

January 15, 2008 9:15 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Wholesale prices rose 6.3 percent in 2007, while retailers suffered their worst December shopping season in five years.

CEOs End 2007 Less Confident

January 15, 2008 8:32 am | by Edited by Manufacturing.net Staff | News | Comments

Conference Board confidence measurement slipped from 44 to 39 in the fourth quarter of 2007, with lower optimism and higher prices expected in the next six months.

Airbus Expected To Beat Boeing In 2007

January 15, 2008 8:30 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

European plane maker is expected to announce Wednesday that 2007 was a record year for passenger jet orders and deliveries, allowing it to steal the lead back from U.S. rival Boeing Co.

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U.S. Productivity Growth Expected To Rise In ‘08

January 15, 2008 6:09 am | by Edited by Manufacturing.net Staff | News | Comments

Conference Board forecasts growth will accelerate to 1.7 percent this year, despite recession worries and credit concerns.

November Inventories See Slight Rise

January 15, 2008 5:20 am | by Edited by Manufacturing.net Staff | News | Comments

End-of-month manufacturers’ and trade inventories totaled $1,436.7 billion, up 0.4 percent from October and up 3.5 percent from last November.

EU Workers Want Imports From Carbon Polluters Taxed

January 15, 2008 4:40 am | by Aoife White, AP Business Writer | News | Comments

European trade unions called for a tax on imports from countries that refuse to fight the carbon emissions that cause global warming.

German Economy Up 2.5 Percent In 2007

January 15, 2008 4:25 am | by Geir Moulson, Associated Press Writer | News | Comments

Economy saw solid growth last year, helped by strong exports, but a downbeat survey of investor confidence pointed to clouds on the horizon for Europe's biggest economy.

Automakers Face Bumpy Road In Tough Pickup Market

January 14, 2008 11:00 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Pickup buyers will be the winners when new trucks go on sale this fall, but automakers could wind up the losers if heated competition in the all-important segment forces them to keep prices low.

November Manufacturing Technology Consumption Slips

January 14, 2008 8:22 am | by Edited by Manufacturing.net Staff | News | Comments

At $365.66 million, U.S. technology consumption in November was down 9.3 percent from October, but up 5 percent from November 2006.

GE Raises Renewable Energy Investment To $6 Billion

January 14, 2008 5:11 am | by Stephen Singer, AP Business Writer | News | Comments

Company's energy investment business, buoyed by rising demand for alternative power, will increase its investment in renewable energy by 50 percent, to $6 billion by 2010.

Firetruck Maker’s Temporary Layoffs Become Permanent

January 14, 2008 5:00 am | News | Comments

American LaFrance says some of the 100 workers put on a 30-day furlough last month will be permanently laid off and the rest won't be called back until March.

GM, UAW Negotiating More Buyouts, Early Retirements

January 14, 2008 4:45 am | by Tom Krisher, AP Auto Writer | News | Comments

Troy Clarke, GM's North American president, told reporters that an announcement could come within a week.

Terex Buying A.S.V. For $488 Million

January 14, 2008 4:16 am | News | Comments

Diversified manufacturer expects deal to buy construction equipment maker to close by the end of the first quarter.

SNE Enterprises Closing Huntington Plant

January 14, 2008 4:12 am | News | Comments

Manufacturing plant which makes vinyl windows and patio doors for homes to close May 15, putting 130 employees out of work.

Gulf Air Orders 16 Boeing 787 Dreamliners

January 14, 2008 4:07 am | Airbus, Boeing | News | Comments

Bahrain-based airline ordered the new 787 Dreamliners valued at around $4 billion, with an option for eight more.

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