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Daily news and top headlines for manufacturing professionals

NAM Questions Climate Change Legislation

March 13, 2008 11:30 am | by Edited by Staff | News | Comments

Industry association commissioned a study on the impacts of proposed climate control legislation, and found potentially severe economic and social implications.

Iraq Orders Six Bombardier Jets

March 13, 2008 8:12 am | Boeing | News | Comments

Bombardier confirmed Thursday that the Iraqi government has ordered six CRJ900 regional jets valued at $239 million, with an option for four more aircraft.

UAW, American Axle Restart Talks

March 13, 2008 7:59 am | by Tom Krisher, AP Auto Writer | News | Comments

Spokeswoman for American Axle and Manufacturing Holdings Inc. says negotiators for the company and striking United Auto Workers are back at the bargaining table.


Inventories Increased In January

March 13, 2008 7:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Commerce Department reported inventories held by businesses on shelves and backlots shot up in January by the largest amount in nearly two years.

VW Sets Target Of 8 Million Cars

March 13, 2008 6:01 am | by Claus-Peter Tiemann, Associated Press Writer | News | Comments

German automaker aims to sell 8 million cars a year by 2011 and introduce 20 more models in a bid to expand its market share in Asia, Europe and North America.

NAM Criticizes New Ozone Rule As Unwarranted

March 13, 2008 5:43 am | by Edited by Staff | News | Comments

New ozone standards will lead to higher costs and provide no real benefit to Americans, according to the National Association of Manufacturers.

Judge Approves Sale Of Fedders HVAC Business

March 13, 2008 5:30 am | by Peg Brickley, Dow Jones Newswires | News | Comments

Fedders won bankruptcy court approval to sell its U.S. residential heating, ventilating and air conditioning business to Elco Holdings Ltd. for $13.25 million.

Toshiba Measuring Impact Of HD DVD Pullout

March 13, 2008 5:27 am | News | Comments

Some estimates say a $995 million loss, but Toshiba is still evaluating how its decision to leave the HD DVD business will affect its earnings.


Tenneco Gets $200 Million In Auto Parts Contracts

March 13, 2008 5:15 am | News | Comments

Automotive parts manufacturer signed five contracts with Japanese automakers in 2007 worth about $200 million annually.

EU Leaders Try To Calm Economic Fears

March 12, 2008 11:30 am | by Aoife White, AP Business Writer | News | Comments

European leaders try to soothe worries over their slowing economies by promising to contain record-high inflation and enact reforms in the labor market and banking system.

Taiwan Chip Makers Suffer A 'Common Anxiety'

March 12, 2008 11:27 am | News | Comments

As shares of semiconductor makers slipped Wednesday, Asian chip makers share ''common anxiety'' over demand for the second half of the year.

LAI Wins Military Vehicle Armor Contract

March 12, 2008 11:15 am | by Edited by Staff | News | Comments

Precision components and sub-assemblies supplier signed a manufacturing contract to produce critically needed armor kits for mine resistant ambush protected military vehicles.

Report: Canada Predicts More Manufacturing Layoffs

March 12, 2008 6:00 am | by Maria Babbage, Canadian Press | News | Comments

Ontario won't slide into a recession, despite the expectation of additional manufacturing layoffs in the 'near future,' says the Conference Board of Canada.


Beijing Sees Jump In Foreign Investment

March 12, 2008 5:33 am | News | Comments

Commerce Ministry reported foreign investment in China rose 38.3 percent in February from a year ago to $6.9 billion.

Chinese Exports To Rise This Year

March 12, 2008 5:24 am | by Joe McDonald, AP Business Writer | News | Comments

Despite a sharp slowdown last month exports will grow this year, but a rising Chinese currency could hurt sales to the U.S.

Survey: Hiring Increase Expected Within 3 Months

March 11, 2008 12:00 pm | by Dinesh Ramde, AP Business Writer | News | Comments

Twenty-six percent of U.S. employers say they plan to hire within the next three months, according to a Manpower survey of 14,000 companies.

UAW Says American Axle Talks 'One-Way Street'

March 11, 2008 6:48 am | News | Comments

Union president Ron Gettelfinger says there's no movement toward settling a two-week strike at American Axle and Manufacturing Holdings Inc.

U.S. Trade Gap Widens In January

March 11, 2008 6:26 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Trade deficit grew to $58.2 billion in January as imports — including crude-oil prices — zoomed to all-time highs.

Belgian Bombardier Plant In Jeopardy

March 11, 2008 6:18 am | News | Comments

Bombardier warned local authorities it could be forced to close down the plant if it does not get a contract from the state-controlled railway to build 1,200 railcars.

Bayer Buys Sagmel's OTC Unit

March 11, 2008 6:11 am | News | Comments

German drug maker acquires U.S.-based Sagmel's over-the-counter portfolio for an undisclosed price.

Beijing: Inflation Near 12-Year High

March 11, 2008 5:56 am | by Joe McDonald, AP Business Writer | News | Comments

China's inflation surged 8.7 percent in February, squeezing exporters and adding to the threat of unrest ahead of the Beijing Olympics.

Airbus Parent Records Annual Loss

March 11, 2008 5:46 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

EADS reported annual losses of $684.16 million Tuesday, after a year marred by the botched roll out of both military and commercial aircraft.

Hershey Executives Denied Bonuses

March 11, 2008 5:45 am | by Marc Levy, Associated Press Writer | News | Comments

After a disappointing year, neither the new chief executive of the nation’s largest candy maker nor the man he replaced received a bonus in 2007.

Economic Forecast: U.S. Will Avoid Recession

March 11, 2008 5:39 am | by Alex Veiga, AP Business Writer | News | Comments

Economy will suffer as the slumping housing market eats away at job creation and consumer spending, but the nation should avoid a recession this year, says an economic report.

Oil Prices Pull Back From Last Week's Record

March 10, 2008 12:00 pm | by Pablo Gorondi, Associated Press Writer | News | Comments

Crude contracts had initially risen after a weak U.S. jobs report that fueled hopes the Federal Reserve would continue cutting interest rates.

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