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Daily news and top headlines for manufacturing professionals

Bathroom Fixture Maker For Sale

April 2, 2008 5:50 am | News | Comments

Maax Corp. is for sale as it struggles under a heavy debt load while its business sags amid the slowdown in U.S. home building.

Toyota: No Government Money Went To Prius

April 2, 2008 5:45 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japanese automaker rejected a Business Week report that the government covered the development costs of the Prius battery and hybrid system.

Monsanto Plans Louisiana Expansion

April 2, 2008 5:40 am | News | Comments

Agricultural products producer will invest up to $196 million over the next 18 months at a manufacturing facility in Luling, La.

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American Axle Gives UAW Confidential Information

April 2, 2008 5:20 am | News | Comments

Auto supplier turned over confidential financial information to the union in a bid to speed negotiations aimed at ending a five-week strike over wages and benefits.

Paulson: U.S. Making Progress On Credit Crisis

April 2, 2008 5:17 am | by Joe McDonald, Associated Press Business Writer | News | Comments

U.S. Treasury Secretary told Chinese leaders Washington is making progress in resolving the U.S. credit crisis, but cautioned there will be 'more bumps' ahead.

Tainted Pet Food Maker Settles With Owners

April 2, 2008 5:14 am | by Geoff Mulvihill, Associated Press Writer | News | Comments

Menu Foods, whose contaminated food may have led to the deaths of thousands of dogs and cats in North America, will pay an undisclosed amount to the pet owners.

Manufacturers Condemn House Theatrics On Oil Prices

April 2, 2008 5:10 am | by Edited by Manufacturing.net Staff | News | Comments

National Association of Manufacturers criticized hearings on oil company profits as a theatrical exercise devoid of meaningful steps toward easing high prices and shortages.

Congress To Question Big Oil Profits

April 1, 2008 12:00 pm | by H. Josef Hebert, Associated Press Writer | News | Comments

Lawmakers scheduled to hear from top executives of the five largest U.S. oil companies, which together earned about $123 billion last year from soaring oil prices.

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March Auto Sales Fall Amid High Gas Prices

April 1, 2008 11:32 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Automakers reported double-digit U.S. sales declines as demand for trucks and sport utility vehicles plummeted due to high gas prices, the housing slump and tightening credit.

EADS Chief Stands Behind Staff

April 1, 2008 11:23 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

Airbus parent vowed to defend top managers against charges they breached insider trading and market disclosure rules.

March Jobless Rate Drops In Germany

April 1, 2008 7:15 am | by Geir Moulson, Associated Press Writer | News | Comments

Germany's unadjusted jobless rate declined to 8.4 percent in March as an economic upswing in Europe's biggest economy helped support the labor market.

U.S. Manufacturing Fails To Grow In March

April 1, 2008 7:12 am | by Amy Radishofski, Staff Reporter | News | Comments

Sector sees slight increase from February, but still affected by heavy cost pressures; economists say results confirm manufacturing recession.

China 2008 Growth Forecast Reduced

April 1, 2008 7:05 am | by Joe McDonald, AP Business Writer | News | Comments

World Bank trimmed its 2008 growth forecast for China to 9.4 percent from 9.6 percent but said it should be robust enough to help drive the global economy.

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Truckers Strike To Protest Fuel Costs

April 1, 2008 6:41 am | News | Comments

Owner-Operator Independent Drivers Association says many of its members believe diesel prices at more than $4 a gallon is making it difficult for them to stay in business.

Treasury Secretary To Meet China's New Trade Envoy

April 1, 2008 6:00 am | by Joe McDonald, AP Business Writer | News | Comments

Turning attention from efforts to calm the U.S. credit crisis, Secretary Paulson meets Wednesday with China's new point man on strained trade ties with Washington.

EADS Facing Watchdog Sanctions

April 1, 2008 5:45 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

France's market regulator is initiating sanctions procedures and deepening its probe into market abuses at the parent company of Airbus.

Airbus Redesigns A350 To Compete With Boeing 787

April 1, 2008 5:26 am | by George Frey, Associated Press Writer | Airbus, Boeing | News | Comments

Plane maker denies production delays for A350, as it unveiled a new interior for the midsize passenger jet to better compete with Boeing's fast-selling 787.

Judge OKs Delphi Extensions

April 1, 2008 5:20 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Federal judge approved Delphi's request to extend two deadlines with GM and the IRS as it tries to line up the financing it needs to exit from bankruptcy.

Layoffs, Cost Cuts To Save Dell Billions

April 1, 2008 5:17 am | News | Comments

World's No. 2 computer maker says it will save as much as $3 billion over the next three years as it cuts costs and lays off more workers.

Asian Chipmakers Raise Prices

March 31, 2008 11:51 am | News | Comments

Memory chipmakers' shares rose on news Asian chipmakers will seek higher prices from customers after a year of depressed profit margins.

American Axle Strike Closes GM Sedan Plant

March 31, 2008 7:10 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

General Motors is closing a sedan plant in the Detroit area as a result of the month long strike at parts supplier American Axle.

Report: Manufacturing To Rebound In 2009

March 31, 2008 7:09 am | by Edited by Manufacturing.net Staff | News | Comments

Housing collapse still creating rough times in U.S. manufacturing in 2008, but the sector should rebound in 2009, according to Manufacturers Alliance/MAPI.

Chicago Manufacturing Report Beats Expectations

March 31, 2008 6:22 am | by Tim Paradis, AP Business Writer | News | Comments

Region's Purchasing Managers Index, a precursor to the Institute for Supply Management manufacturing survey, rose 48.2 in March from 44.5 a month earlier.

Top Chocolate Maker Buys Stake In Malaysian Cocoa

March 31, 2008 6:14 am | News | Comments

World's largest chocolate producer, Barry Callebaut, will acquire a 60 percent stake in KL Kepong Cocoa Products as part of its expansion in Asia.

Pernod Ricard Buys Absolut Vodka Maker

March 31, 2008 6:04 am | by Karl Ritter, Associated Press Writer | News | Comments

French liquor group outbid three other companies to buy Sweden's state-owned Vin & Sprit for $8.89 billion.

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