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Daily news and top headlines for manufacturing professionals

Consumer Confidence Reaches New Low

April 11, 2008 6:25 am | by Jeannine Aversa, AP Economics Writer | News | Comments

RBC Cash Index reports confidence dropped to a mark of 29.5 in April, down from 33.1 in March; new reading worst since the index began in 2002.

Drug And Device Makers Agree To Disclose Spending

April 11, 2008 6:11 am | by Kevin Freking, Associated Press Writer | News | Comments

Under the threat of regulation from Congress, the two industries promise to be more forthcoming about their spending.

Japanese Wholesale Prices Rise At Record Pace

April 11, 2008 5:54 am | News | Comments

Corporate goods prices rose at their fastest pace in 27 years on the back of expensive energy and raw material prices, the Bank of Japan said.

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Retailers, Manufacturers Fined For Digital TV Violations

April 11, 2008 5:50 am | by Dibya Sarkar, AP Business Writer | News | Comments

FCC handed down a combined $6.6 million in fines to Sears, Wal-Mart, Best Buy and other retailers, as well as manufacturers for failing to comply with new digital TV rules.

IEA Expects Drop In Oil Demand

April 11, 2008 5:44 am | News | Comments

Demand will slip in the coming months amid a global economic downturn, the International Energy Agency forecast Friday, but prices may remain high because of supply uncertainties.

Will Boeing Meet Its New 787 Delivery Date?

April 10, 2008 10:45 am | by Elizabeth M. Gillespie, AP Business Writer | Boeing | News | Comments

Analysts weren’t rushing to place any bets on Boeing’s delivery of its hot-selling 787 Dreamliner after the aircraft maker announced another six-month delay.

Eastman Kodak Completes Danish Acquisition

April 10, 2008 8:02 am | News | Comments

Company bought Intermate A/S, which makes products helping customers print out bills and invoices, to gain a foothold in the transaction printing market.

Adam Aircraft Restarts After Acquisition

April 10, 2008 7:07 am | News | Comments

Denver-area aircraft manufacturer is ready to get back into business after an equity firm acquired the company for $10 million.

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Trade Gap Widens In February

April 10, 2008 6:49 am | News | Comments

U.S. deficit in global goods and services trade expanded 5.7 percent from the previous month to $62.32 billion as a weaker dollar helped lift imports to a new high.

Chemtura To Increase Prices Up To 40 Percent

April 10, 2008 6:45 am | News | Comments

Specialty chemical maker raising prices of compounds used in glass coatings, catalysts and synthesis applications because the company’s costs are rising.

Report: Europe Headed For Industrial Slowdown

April 10, 2008 6:38 am | by Edited by Manufacturing.net Staff | News | Comments

Manufacturers Alliance/MAPI outlook says Central and Western Europe will see a slowdown in manufacturing production, but will avoid recession.

Japanese Machinery Orders Drop

April 10, 2008 6:05 am | News | Comments

Core machinery orders -- a key indicator of capital spending -- posted their biggest drop in more than four years in February, the government said.

BHP Billiton Unaware Of Any China Bids

April 10, 2008 6:02 am | News | Comments

Miner said it is not aware of any move by China to take a substantial stake in it, responding to a media report that helped boost the company's shares.

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Toyota Expanding Partnership With Fuji Heavy

April 10, 2008 5:54 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automaker paying $311 million to raise its stake in Fuji Heavy Industries, and the two companies will expand their ties and develop cars together.

UAW Delivers Economic Proposal To American Axle

April 10, 2008 5:50 am | News | Comments

Union gave American Axle a proposal dealing with economic issues as formal negotiations aimed at ending a six-week strike resumed.

Customers Disappointed In Latest Boeing 787 Delays

April 10, 2008 5:40 am | by Rohan Sullivan, Associated Press Writer | Airbus, Boeing | News | Comments

Boeing customers expressed disappointment but no surprise at the latest delay in delivery of the flagship 787 jetliner -- and they want compensation.

Watchdog: MAN Not Required To Bid For Scania

April 10, 2008 5:39 am | News | Comments

German truck maker is not required to bid for outstanding shares in Scania as a result of Volkswagen's ownership in both companies, a Swedish watchdog said.

Takeda Pharmaceutical Buys Millennium For $8.8 Billion

April 10, 2008 5:31 am | by Mari Yamaguchi, Associated Press Writer | News | Comments

Japanese drug maker has agreed to buy the U.S. biotechnology company to expand further into cancer research and treatment.

Germany Says Exports Grew Despite Strong Euro

April 9, 2008 9:50 am | by Geir Moulson, Associated Press Writer | News | Comments

Government data showed German exports are still growing healthily despite the euro's near-record strength, climbing 9 percent on the year in February.

Tree Top Paying Fine For Clean Air Violations

April 9, 2008 9:35 am | News | Comments

Company has agreed to pay more than $89,000 for violations under the Clean Air Act at a juice processing plant in Prosser, Wash.

First Siemens Manager To Stand Trial For Embezzlement

April 9, 2008 9:30 am | News | Comments

Trial of the first Siemens ex-manager accused of embezzling millions of dollars is to open next month in the high-profile corruption scandal that rocked the company last year, a Munich court said.

IMF Predicts U.S. Recession, Global Economy Affected

April 9, 2008 7:00 am | by Jeannine Aversa, AP Economics Writer | News | Comments

World economy will slow sharply this year, according to an International Monetary Fund forecast, with the U.S. sliding into a recession amid housing, credit and financial slumps.

Union Leader: Venezuela To Nationalize Steel Maker

April 9, 2008 6:57 am | by Fabiola Sanchez, Associated Press Writer | News | Comments

Carlos Becerra says the government has decided to nationalize the country's largest steel maker, Sidor, only days after announcing takeovers of major cement companies.

BHP Billiton: Coking Coal To More Than Triple In Price

April 9, 2008 6:53 am | News | Comments

Prices this year for metallurgical coking coal products were expected to cost more than three times what they did last year.

Noble Chairman Sells Stake To ArcelorMittal

April 9, 2008 6:30 am | News | Comments

Robert J. Skandalaris has resigned as chairman of Noble International following the sale of nearly his entire stake in the automotive parts supplier to ArcelorMittal.

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