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Daily news and top headlines for manufacturing professionals

Manitowoc Ups Bid For Enodis

May 19, 2008 5:51 am | by Jane Wardell, AP Business Writer | News | Comments

Bidding war for British cooking equipment supplier Enodis heats up as Manitowoc Co. Inc. makes a second offer to trump an approach by Illinois Tool Works Inc.

Brunswick Subsidiary Keeping A Positive Outlook

May 19, 2008 5:45 am | News | Comments

Officials at Mercury Marine say the Fond du Lac, Wis., company is reassessing its strengths after its parent company Brunswick Corporation announced a manufacturing slowdown.

Nissan, NEC To Mass Produce Lithium-Ion Batteries

May 19, 2008 5:32 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automaker's joint venture with electronics maker NEC will invest $115 million to produce lithium-ion batteries -- a technology widely viewed as key for next-generation 'green' cars.

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U.S. Won't Cite China As Currency Manipulator

May 16, 2008 12:13 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Despite pressure in Congress for penalties, Bush administration declined to cite China for manipulating its currency to gain unfair trade advantages against the U.S.

GM Workers Vote On Local Contract

May 16, 2008 11:05 am | by Tim Martin, Associated Press Writer | News | Comments

President of a United Auto Workers local at a key General Motors factory said Friday he's optimistic workers will approve a new local contract and end a month-long strike.

Paulson: Financial Markets ‘Considerably Calmer'

May 16, 2008 10:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Treasury Secretary said financial markets are 'considerably calmer' now than they were two months ago, predicting the economy will be rebounding by the second half of this year.

Maine Shipyard Workers To Vote On Contract

May 16, 2008 7:20 am | News | Comments

Spokesman John Carr says he believes the proposed four-year contract that Machinists’ Local S6 shipbuilders will consider on Sunday is ‘one of the best in the industry.’

GM May Sell Chevrolets In South Korea

May 16, 2008 7:06 am | News | Comments

Automaker considering launching its Chevrolet brand in South Korea to capture a larger share of the country's growing market for imported cars.

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U.N.: World Economy Near Downturn In 2008

May 16, 2008 6:09 am | by Edith M. Lederer, Associated Press Writer | News | Comments

World economy is 'teetering on the brink' of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections.

Menu Foods Making Progress After Massive Recall

May 16, 2008 6:00 am | News | Comments

Pet food maker says it is on the way to recovering from the impact of a series of major recalls last year, although on a smaller scale.

U.S. Not Changing South Korea Beef Export Deal

May 16, 2008 5:54 am | by Hyung-Jin Kim, Associated Press Writer | News | Comments

Top U.S. trade official said that American beef is safe and rejected calls to re-negotiate an accord allowing it to resume beef exports to South Korea.

LG Display Investing Nearly $1 Billion In LCD Output

May 16, 2008 5:50 am | News | Comments

World's second-largest LCD maker by sales said it plans to spend $960 million to build a new liquid display production line.

Miller: Customers Buying Cheaper Beers

May 16, 2008 5:42 am | by Emily Fredrix, AP Business Writer | News | Comments

Consumers still want different types of beers, but for a growing number with empty pockets, that means less expensive ones, the CEO of Miller Brewing Co. said.

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Boeing Loses $3.57 Billion Contract To Lockheed

May 16, 2008 5:39 am | by Joelle Tessler, AP Business Writer | Lockheed Martin, Boeing | News | Comments

Lockheed Martin beat out Boeing to win an Air Force contract worth up to $3.57 billion to build as many as 12 next-generation global positioning satellites, the Pentagon said.

GE Confirms Plans To Exit Appliance Business

May 16, 2008 5:35 am | News | Comments

Industrial conglomerate said in a statement the move is part of an ongoing plan to exit 'slower growth and more volatile businesses.'

As Prices Rise, Shoppers Say Smaller Is Better

May 16, 2008 5:26 am | by Anne D'Innocenzio, AP Business Writer | News | Comments

From meat to mustard, consumers are trying to control their food bills by buying smaller-size items as they grapple with soaring prices.

Nissan Lowers U.S. Sales Forecast

May 15, 2008 11:24 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Automaker lowering its U.S. sales forecast from 15.5 million vehicles to 15.2 million vehicles as the weak economy continues to wreak havoc on the auto industry.

IMF: Worst Of Market Turbulence Over

May 15, 2008 7:10 am | News | Comments

Head of the International Monetary Fund said Thursday that the worst of the global financial turbulence was over, but that the ramifications from it are likely to be felt for some time.

Spirit AeroSystems To Hire Over 1,000 At New Facility

May 15, 2008 6:55 am | by Estes Thompson, Associated Press Writer | Airbus, Boeing | News | Comments

Aircraft parts supplier has agreed to hire 1,031 workers at a new facility to be built at North Carolina’s Global TransPark, a project that hopes to rebound the region's shriveling economy.

U.S. Industrial Output Drops In April

May 15, 2008 6:18 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Nation's industrial output plunged 0.7 percent in April, reflecting big cutbacks in autos and other manufacturing industries, and more than double the decline economists expected.

Report: GE To Auction Off Appliance Business

May 15, 2008 6:10 am | News | Comments

Wall Street Journal reported that General Electric plans to auction off its Louisville, Ky.-based appliances business, which could yield between $5 billion and $8 billion.

Canada's Manufacturing Sales Dip In March

May 15, 2008 6:03 am | News | Comments

Manufacturers gave back some of their recent gains in March as factory sales retreated 1.6 percent to $49 billion, their first decline of 2008.

Japanese Core Machinery Orders Decline In March

May 15, 2008 6:00 am | News | Comments

Core private-sector machinery orders in Japan shrank a seasonally adjusted 8.3 percent in March from the previous month to hit an almost three-year low.

Strong German Growth Drives Euro Economy

May 15, 2008 5:58 am | by Aoife White, AP Business Writer | News | Comments

Germany's strong quarterly growth in the first three months of the year drove the euro economy to grow 0.7 percent from the previous quarter, German and EU statistics showed Thursday.

Siemens Wins $2.1 Billion Train Order From Belgium

May 15, 2008 5:53 am | News | Comments

Industrial conglomerate said the order for 305 trains was 'the biggest order Siemens has ever received in the rolling stock sector.'

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