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Daily news and top headlines for manufacturing professionals

Canada Confirms Rejection Of Radarsat Takeover Bid

May 9, 2008 5:40 am | by Merita Ilo, CP | News | Comments

Federal government confirmed its decision to block a controversial takeover of part of Canada's premier space technology firm, saying the proposed deal would not benefit the country.

Chrysler Unveils Dodge Challenger In 'Uncertain' Market

May 9, 2008 5:31 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

2008 Dodge Challenger began rolling off the assembly line into an uncertain market that could embrace the nostalgic muscle car or reject it for its gas-guzzling excess.

Labor Department Wants Financial Info From Unions

May 9, 2008 5:24 am | by Jesse J. Holland, AP Labor Writer | News | Comments

Unions should be required to make public more details of their internal finances, the Labor Department said as it proposed new changes to union disclosure forms.

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Treasury's Paulson: Credit Crisis May Be Fading

May 8, 2008 12:46 pm | by Jeannine Aversa and Martin Crutsinger, AP Economics Writers | News | Comments

Worst may have passed, Treasury Secretary Henry Paulson said, though he acknowledged rising gas prices will blunt the effect of 130 million economic stimulus checks.

American Axle Strike Could End With $200M From GM

May 8, 2008 12:20 pm | by Tom Krisher, AP Auto Writer | News | Comments

General Motors says it will pay up to $200 million to help bring an end to a crippling labor dispute at parts supplier American Axle and Manufacturing Holdings.

Survey: Companies May Turn To Mexico, China To Avoid U.S. Recession

May 8, 2008 12:15 pm | by Edited by Manufacturing.net Staff | News | Comments

According to an ATS survey, sixty-three percent of executives said they would outsource maintenance to bolster plant operations against a recession.

After 2 Months, Idled Workers Returning To GM Plant

May 8, 2008 12:05 pm | News | Comments

General Motors plant in Missouri shut down since March 6 due to a parts shortage caused by a strike at supplier American Axle will restart on Monday.

Enodis Approves Illinois Tool Works’ $2B Buyout Offer

May 8, 2008 7:20 am | News | Comments

British restaurant equipment manufacturer has accepted a rival $2 billion cash buyout offer from Illinois Tool Works, after agreeing last month to be acquired for less by Manitowoc Co.

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Biovail Refocusing, Shuttering Puerto Rico Operations

May 8, 2008 6:57 am | News | Comments

Drug developer undergoing a major shift and will concentrate on developing products to treat central nervous system disorders, a strategy the company hopes will restore its flagging growth.

Ford, Shareholders Talk Turnaround

May 8, 2008 6:50 am | by Ken Thomas, Associated Press Writer | News | Comments

Automaker is meeting with shareholders to talk about a turnaround following last week's revelation that billionaire Kirk Kerkorian has taken a 4.7 percent stake.

Bombardier: Demand For Business, Regional Jets Rising

May 8, 2008 6:30 am | by Ross Marowits, CP | News | Comments

Aerospace manufacturer foresees little turbulence on the horizon as it boosted its market forecasts for business and regional jets over the next 10 and 20 years.

U.S. Retail Sales Mixed In April

May 8, 2008 6:08 am | by Anne D'Innocenzio, AP Business Writer | News | Comments

Consumers gave some of the nation's retailers a little relief in April following months of dismal sales, but business was helped along by heavy discounting that could hurt first-quarter earnings.

Toyota Expecting First Profit Drop In 7 Years

May 8, 2008 5:59 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automaker projecting a 27 percent plunge in full-year profit after the strong yen and weak U.S. sales took a bite out of January-March earnings.

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BMW Chief: U.S. Part Of Long-Term Advantage

May 8, 2008 5:50 am | by Christof Ruehmair, Associated Press Writer | News | Comments

Chief executive told shareholders that maintaining the automaker's presence in the United States was not a knee-jerk reaction to the strong euro, but a long-term strategy.

German Trade Surplus Drops In March

May 8, 2008 5:43 am | News | Comments

Trade surplus in Europe's largest economy was $25.77 billion in March, down from $25.81 billion in February, and below analysts' expectations.

EU Probes China, Moldova And Turkey Steel Rod Imports

May 8, 2008 5:29 am | by Aoife White, AP Business Writer | News | Comments

European Union to investigate whether China, Moldova and Turkey are illegally selling steel wire rod at below-cost prices that damage European manufacturers.

BHP Billiton Buyout Of Rio Tinto To Go Before EU

May 8, 2008 5:26 am | News | Comments

Chief Executive Marius Kloppers told a briefing in London that the world's largest miner was in continual discussions with regulators and would lodge documents within weeks.

Icahn Takes Bigger Share Of Motorola

May 8, 2008 5:25 am | News | Comments

Billionaire investor Carl Icahn now owns about 172.2 million shares, or a 7.6 percent stake in the cell-phone maker, based on 2.26 billion shares outstanding as of March 14.

Missouri Lawmakers Approve Tax Breaks For Bombardier

May 7, 2008 11:30 am | by David A. Lieb, Associated Press Writer | News | Comments

$240 million plan to entice Canadian airplane maker to Kansas City flew through the Legislature as politicians praised it as Missouri's best chance to land a super-sized development deal.

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.

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.

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