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Daily news and top headlines for manufacturing professionals

Airbus Expecting 50 Percent Drop In '08 Orders

February 20, 2008 11:00 am | by Gillian Wong, Associated Press Writer | Airbus, Boeing | News | Comments

John Leahy, Airbus' chief salesman, said the European aircraft maker expects to sell about 700 planes this year, down from more than 1,400 orders last year.

Fed Downgrades U.S. Economic Forecast

February 20, 2008 10:00 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Federal Reserve lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch.

Court Limits Medical Device Lawsuits

February 20, 2008 6:11 am | by Pete Yost, Associated Press Writer | News | Comments

At issue before the Supreme Court was whether a company could be sued under state law over a device previously cleared for sale by federal regulators.

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Report: U.S. Consumer Prices Jumped In January

February 20, 2008 5:35 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. consumer prices rose by a bigger-than-expected amount in January, reflecting big increases in the cost of food and health care, the government reports.

Pfizer Buying Encysive For $195 Million

February 20, 2008 5:19 am | News | Comments

Drug maker will buy biopharmaceutical company Encysive Pharmaceuticals Inc. to strengthen its portfolio in products treating high blood pressure.

Sony, Toshiba Form Joint Venture

February 20, 2008 4:13 am | News | Comments

Toshiba Corp. and Sony Corp. signed an agreement to form a joint venture to start making advanced chips in April.

Pilgrim's Pride Wage Lawsuit Moved To Arkansas

February 20, 2008 4:09 am | News | Comments

Lawsuits claim workers arrive at their job sites early for their shifts so they can put on protective and sanitary equipment and use unpaid time to take off the gear.

Boeing Tops Airbus At Singapore Airshow Opening

February 19, 2008 9:30 am | by Gillian Wong, Associated Press Writer | Airbus, Boeing | News | Comments

Boeing outpaced its European rival Airbus in competition for Asian customers this week, snagging orders for 60 planes from two Indonesian airlines.

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Chrysler Postpones Results Of Buyout Offers

February 19, 2008 7:45 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Automaker holds off announcing the number of hourly employees accepting buyout offers for several more weeks despite elapsed deadline for workers to make a decision.

Sony Investing In OLED R & D

February 19, 2008 7:00 am | News | Comments

Sony Corp. will spend $204 million to speed up the development of organic light-emitting diode panel technology.

Canada's Inflation Rate Continues Downward Slide

February 19, 2008 5:40 am | by Julian Beltrame, Canadian Press | News | Comments

Canada's inflation rate dropped 0.2 percentage point to 2.2 percent, giving the Bank of Canada more room to cut interest rates next month.

Russian Steel Maker Plans Expansion Into China

February 19, 2008 4:55 am | News | Comments

Evraz Group is seeking to buy Singapore-based steel products maker, Delong Holdings, in a move to expand into China, the world's fastest-growing market.

China's Inflation Jumps 7.1 Percent In January

February 19, 2008 4:48 am | by Joe McDonald, AP Business Writer | News | Comments

Inflation rose to its highest level in more than 11 years after devastating snowstorms worsened food shortages, and analysts warned there might be sharper increases to come.

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Lockheed Martin Sets Asia-Pacific Sales Goal For F-35

February 19, 2008 4:43 am | Lockheed Martin | News | Comments

Lockheed Martin aims to sell about 500 F-35 aircraft to governments in the Asia-Pacific region during the life of the stealth fighter's production program.

Toy Makers Struggle To Offset Rising Costs

February 19, 2008 4:36 am | by Anne D'Innocenzio, AP Business Writer | News | Comments

U.S. toy makers, faced with soaring energy and raw material prices and rising labor costs in China, are tweaking their new product lines and scaling back their offerings.

Analyst: Motorola And RIM Lawsuits Risky

February 19, 2008 4:35 am | News | Comments

Research in Motion’s and Motorola's dueling patent infringements lawsuits could take years to settle, and even then the outcome poses harm to both phone makers, analyst says.

Siemens Bringing Nearly 300 Jobs To Iowa

February 19, 2008 4:28 am | News | Comments

Siemens Power Generation plans to expand its production of wind turbine blades creating 287 'green-collar' jobs in southeastern Iowa.

Toshiba Quitting HD DVD Business

February 19, 2008 4:14 am | by Yuri Kageyama, AP Business Writer | News | Comments

Toshiba will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.

UAW: Up To 20,000 GM Workers To Take Buyouts

February 18, 2008 1:00 pm | by Tom Krisher, AP Auto Writer | News | Comments

About a quarter of GM's hourly work force represented by the United Auto Workers could leave the company under a new round of buyout and early retirement offers.

RIM, Motorola In Court Battle Over Patents

February 18, 2008 12:36 pm | News | Comments

Research In Motion Ltd. is suing Motorola Inc. over several patents used for wireless devices such as RIM's BlackBerry e-mail devices and Motorola's Razr smart phones.

BP's Fine For 2005 Plant Explosion Could Be $3.2 Billion

February 18, 2008 12:30 pm | by Juan A. Lozano, Associated Press Writer | News | Comments

Attorneys for victims of BP's deadly plant explosion in Texas contend the fine could be as much as $3.2 billion, dwarfing the $50 million being proposed in a plea agreement.

India To Buy Military Transports From Lockheed Martin

February 18, 2008 6:45 am | BAE Systems, Lockheed Martin, Boeing | News | Comments

Lockheed Martin has received an order from India for six Super Hercules C-130J military transport planes in a deal worth about US$1 billion, a company executive said.

Brazil's Vale In Deal To Raise Iron Ore Prices

February 18, 2008 6:35 am | by Alan Clendenning, AP Business Writer | News | Comments

Miner announced a deal that will raise iron ore prices 65 percent for three major Asian clients amid booming global demand for the raw ingredient used to make steel.

EU Nations Reject Latest WTO Global Trade Proposals

February 18, 2008 6:30 am | by Raf Casert, Associated Press Writer | News | Comments

European Union ministers' reactions highlighted the divide between the WTO's rich and poor nations, which have failed in recent months to resolve any of their biggest differences.

Car Sales In Europe Decline

February 15, 2008 10:25 am | News | Comments

Europe's spending slowdown hit new car sales in January, hurting automakers Peugeot Citroen, Ford and General Motors, sais the European carmakers' group ACEA.

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