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Daily news and top headlines for manufacturing professionals

Mulally: Ford Can Handle U.S. Sales Slowdown

March 19, 2008 5:30 am | by Tom Krisher, AP Auto Writer | News | Comments

Chief Executive says the automaker can handle it even if U.S. auto sales drop to the low 15 million range this year.

New Marketing Efforts Boosting Ford's Sales

March 19, 2008 5:22 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford marketing chief Jim Farley said automaker's share of the U.S. retail market was up in January and February for the first time since 2003.

Interest Rate Cut Again

March 18, 2008 12:35 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve slashed a key interest rate by three-fourths of a percentage point, to contain a credit crisis threatening to push the country into a severe recession.

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Bush Acts As Economic Cheerleader

March 18, 2008 12:25 pm | by Jennifer Loven, Associated Press Writer | News | Comments

Throughout the economy's recent turbulent times, Bush has projected an air of unwavering optimism, saying everything will be fine in the long run.

China Worries Over Inflation Pressure

March 18, 2008 7:00 am | by Joe McDonald, AP Business Writer | News | Comments

Premier Wen Jiabao warned that already high inflation may accelerate, but promised price increases can be held to the official 4.8 percent target this year.

Ford Workers Must Decide To Stay Or Go

March 18, 2008 6:51 am | by Tom Krisher, AP Auto Writer | News | Comments

Thousands of blue-collar workers must decide by the end of today whether to take one of 10 buyout or early retirement packages and leave the struggling automaker.

Dell Sees Growth In Asia Pacific Region

March 18, 2008 5:36 am | News | Comments

Computer company's business is experiencing fast growth in Asia and the outlook for laptop computers is bright, CEO Michael Dell said.

Energy Costs Push Up Wholesale Prices

March 18, 2008 5:24 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department reported that wholesale prices were up 0.3 percent last month, as high energy costs offset a decline in food prices.

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Fed Set To Cut Interest Rates Again

March 18, 2008 5:20 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve is expected to aggressively lower interest rates in its intensified battle against the credit crisis and spreading economic weakness.

Bush: U.S. Dealing With Financial Crisis

March 17, 2008 9:54 am | News | Comments

Trying to calm turmoil in financial markets, President Bush said Monday that his administration is 'on top of the situation' in dealing with the slumping economy.

NAM: Weak Industrial Production Reflects Auto, Housing

March 17, 2008 9:00 am | by Edited by Manufacturing.net Staff | News | Comments

Although auto and housing sectors are struggling, manufacturing is not in a recession, with some sectors even seeing production gains, according to the industry association.

New York Manufacturing Activity Falls Again

March 17, 2008 6:30 am | by Edited by Manufacturing.net Staff | News | Comments

March survey of manufacturing executives in New York state shows the region's economy shrank for a second straight month.

U.S. Industrial Production Drops In February

March 17, 2008 6:11 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Output at America's factories fell in February by the biggest amount in four months, providing yet another gloomy assessment of the U.S. economy's health.

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U.S. Trade Deficit Slips In 2007

March 17, 2008 5:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Broadest measure of foreign trade, after setting records for five straight years, declined slightly in 2007 as stronger growth in U.S. exports offset a soaring foreign oil bill.

IMF: Global Financial Crisis Getting Worse

March 17, 2008 5:49 am | by Emma Vandore, AP Business Writer | News | Comments

Collapse of a Wall Street institution shows the global financial crisis is broader than policy makers realized and it is growing worse, the head of the International Monetary Fund said.

Canadian Manufacturing Rebounds Slightly

March 17, 2008 5:29 am | News | Comments

Manufacturers started 2008 with a 1.3 percent sales increase in January, a modest but positive lift after closing out 2007 on a dismal note.

Oil Tanker Owner Buying Two Chemical Vessels

March 14, 2008 11:10 am | News | Comments

Ship Finance International has agreed to acquire two newly built chemical tankers for a combined $60.2 million.

LG Electronics Sees Turnaround Soon

March 14, 2008 11:00 am | News | Comments

Company expects its display division to make a profit in the first half of this year on improved performance from its money-losing plasma display panel business.

Bush Acknowledges Shaky Economy

March 14, 2008 8:17 am | by Jennifer Loven, Associated Press Writer | News | Comments

Trying to calm jitters about the economy, Bush conceded that the country 'obviously is going through a tough time' but expressed confidence about a rebound.

European Auto Sales Get Boost From German Buyers

March 14, 2008 8:05 am | News | Comments

Big spending German car buyers helped European auto sales rise 8.7 percent in February from a year ago, the European carmakers association ACEA said.

Consumer Inflation Mildest In 6 Months

March 14, 2008 6:19 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department reported consumer prices were unchanged last month and better than the predicted 0.3 percent gain, but the relief was expected to be short-lived.

Boeing Mulls Brazil Military Aircraft Bid

March 14, 2008 6:00 am | Boeing | News | Comments

U.S. aircraft manufacturer may bid on an estimated $2.2 billion contract to provide military planes to Brazil's air force, the company said Thursday.

EU: Economic Slowdown Won't Disrupt Climate Change

March 14, 2008 5:23 am | by Paul Ames, Associated Press Writer | News | Comments

European leaders are demanding that the costly fight against climate change cannot come at the expense of their economies as they continue two days of talks on Friday.

China's Sinosteel Makes Bid For Australian Miner

March 14, 2008 5:16 am | by Rohan Sullivan, Associated Press Writer | News | Comments

Sinosteel launched a $1.1 billion takeover bid for iron ore miner Midwest in the first hostile approach by a Chinese company for an Australian one.

Rapid Growth Causing Quality Headaches For Toyota

March 13, 2008 12:50 pm | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota's president acknowledged rapid global growth was partly behind a surge in problems that has plagued the Japanese automaker in recent years.

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