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Daily news and top headlines for manufacturing professionals

Essar To Get $20 Million If Esmark Deal Falls Through

May 7, 2008 11:25 am | News | Comments

Steelmaker and distributor Esmark has agreed to pay India's Essar Steel Holdings a $20.5 million fee if Essar's proposed $670 million buyout offer fails.

Hynix: Exports Of DRAM Chips To Japan To Increase

May 7, 2008 7:00 am | News | Comments

South Korean chipmaker said Wednesday it expects to sell more dynamic random access memory chips in Japan after a World Trade Organization ruling.

North Carolina Chip Maker Cutting 200 Jobs

May 7, 2008 6:45 am | News | Comments

RF Micro Devices is cutting jobs in Greensboro for the second time in a month after previously announcing it was eliminating 80 jobs as it consolidated testing operations in China.

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U.S. Worker Productivity Up In 1Q

May 7, 2008 6:14 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department reports worker productivity rose by a better-than-expected 2.2 percent in the first three months of the year while labor cost pressures eased.

Airbus Sale Of 2 French Sites Falls Through

May 7, 2008 6:10 am | Airbus | News | Comments

European plane maker has ended talks with Latecoere over the sale of two French plants due to time constraints and 'the current difficult financial environment.'

Ohio Autoworkers, Suppliers Struggle During Strike

May 7, 2008 6:00 am | News | Comments

United Auto Workers’ 2-month-old strike against American Axle has forced autoworkers to frequent food pantries and suppliers to cut their business.

Chinese Demand Boosts BMW's Sales

May 7, 2008 5:58 am | News | Comments

Automaker said Wednesday that its April global sales rose 12.5 percent, led by demand in Asia and western Europe, for its namesake sedans and SUVs.

Toyota Raising Prices On Some U.S. Models

May 7, 2008 5:54 am | by Yuri Kageyama, AP Business Writer | News | Comments

World's second-biggest automaker is raising prices on the Yaris sedan and Camry later this month amid increased worries about profit growth in the American market.

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China, Japan To Improve Bilateral Trade

May 7, 2008 5:45 am | News | Comments

Both nations agreed to undertake a joint research project this year in an attempt to improve the trade and investment environment between the two countries.

CEO: Color Products Will Help Xerox Weather Downturn

May 7, 2008 5:35 am | by Stephen Singer, AP Business Writer | News | Comments

Chief Executive Anne Mulcahy said Xerox is well-positioned to weather the economic slowdown, with more than half its revenue overseas and with diversified businesses.

UK Manufacturing Output Slips In March

May 7, 2008 5:17 am | News | Comments

Manufacturing output in the United Kingdom fell half a percent, dragging the quarterly gain down to 0.3 percent compared with the last three months of 2007.

Congress Mulls Making Pennies, Nickels From Steel

May 7, 2008 5:15 am | by Laurie Kellman, Associated Press Writer | News | Comments

Surging prices for copper, zinc and nickel have some in Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for the 5-cent nickels, as well.

Manufacturing Growth ‘Marginal’ For 2008

May 6, 2008 11:00 am | by Edited by Manufacturing.net Staff | News | Comments

Survey shows manufacturers are expecting revenues to edge up 1 percent, with cost cutting measures necessary to offset the lower revenue growth and high input prices.

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AK Steel Announces Electrical, Stainless Steel Surcharges

May 6, 2008 10:40 am | by Edited By Manufacturing.net Staff | News | Comments

Company’s 2008 surcharges are based on reported prices for raw materials and energy used to manufacture the products.

Chrysler Alone In Gas Subsidies Offer

May 6, 2008 10:23 am | by Tom Krisher, AP Auto Writer | News | Comments

Ford, General Motors and Toyota have no plans to match Chrysler's offer to subsidize the cost of gasoline for car and truck buyers, the companies said.

Medtronic Cutting 1,100 Jobs

May 6, 2008 10:20 am | News | Comments

Medical device maker is planning to trim its global work force by about 3 percent, cutting 1,100 jobs, during the current fiscal year.

EU Trade Chief Hopeful Of Doha Breakthrough

May 6, 2008 6:02 am | News | Comments

New negotiating text for agricultural and industrial goods expected to be presented next week could pave the way for a new round of high-level talks to find a final compromise.

ArvinMeritor’s Light-Vehicle Systems To Spin Off

May 6, 2008 5:45 am | News | Comments

New company, which will be named Arvin Innovation Inc., will be based in Detroit and will employ about 9,000 people at 42 facilities in 16 countries.

Navistar To Supply Army Vehicles And Parts

May 6, 2008 5:25 am | News | Comments

Heavy truck maker said Monday that its Navistar Defense LLC received a three-year U.S. Army contract worth nearly $1.3 billion.

Seniority Issues Behind Strike At GM's Fairfax Plant

May 6, 2008 5:15 am | by Margaret Stafford, Associated Press Writer | News | Comments

Local union president said GM wants to disregard seniority when placing employees in jobs at the plant and added that workers would not return without a seniority agreement.

After Ford Deal, CAW Moves On To GM

May 6, 2008 5:07 am | by Charmaine Noronha, Associated Press Writer | News | Comments

Canadian Auto Workers president said the union won't reach a labor agreement with GM unless the automaker commits to adding new products at its Ontario plants.

Merck To Cut 1,200 Sales Jobs

May 6, 2008 5:01 am | by Linda A. Johnson, AP Business Writer | News | Comments

Newest round of eliminations comes a week after federal regulators' surprise rejection of an experimental cholesterol drug heavily touted by the pharmaceutical company.

Japan Has Until September To Change Chip Import Rules

May 5, 2008 11:20 am | News | Comments

World Trade Organization has given Japan until Sept. 1 to amend its punitive charges on imports of South Korean computer chips.

Oil Surpasses $120 A Barrel

May 5, 2008 11:15 am | by John Wilen, AP Business Writer | News | Comments

Light, sweet crude for June delivery rose to a new trading record of $120.21 a barrel on Monday as supply threats emerged overseas and the dollar weakened against the euro.

Iraq Buying Planes From Boeing, Bombardier

May 5, 2008 6:24 am | by Qassim Abdul-Zahra, Associated Press Writer | Boeing | News | Comments

Finance Minister Bayan Jabr signed two deals worth $5 billion to buy 40 Boeing aircraft and 10 planes from Canada's Bombardier to upgrade Iraqi Airways' aging fleet.

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