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Daily news and top headlines for manufacturing professionals

U.S. Trade Deficit Slips In 2007

March 17, 2008 5:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Broadest measure of foreign trade, after setting records for five straight years, declined slightly in 2007 as stronger growth in U.S. exports offset a soaring foreign oil bill.

IMF: Global Financial Crisis Getting Worse

March 17, 2008 5:49 am | by Emma Vandore, AP Business Writer | News | Comments

Collapse of a Wall Street institution shows the global financial crisis is broader than policy makers realized and it is growing worse, the head of the International Monetary Fund said.

Canadian Manufacturing Rebounds Slightly

March 17, 2008 5:29 am | News | Comments

Manufacturers started 2008 with a 1.3 percent sales increase in January, a modest but positive lift after closing out 2007 on a dismal note.

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Oil Tanker Owner Buying Two Chemical Vessels

March 14, 2008 11:10 am | News | Comments

Ship Finance International has agreed to acquire two newly built chemical tankers for a combined $60.2 million.

LG Electronics Sees Turnaround Soon

March 14, 2008 11:00 am | News | Comments

Company expects its display division to make a profit in the first half of this year on improved performance from its money-losing plasma display panel business.

Bush Acknowledges Shaky Economy

March 14, 2008 8:17 am | by Jennifer Loven, Associated Press Writer | News | Comments

Trying to calm jitters about the economy, Bush conceded that the country 'obviously is going through a tough time' but expressed confidence about a rebound.

European Auto Sales Get Boost From German Buyers

March 14, 2008 8:05 am | News | Comments

Big spending German car buyers helped European auto sales rise 8.7 percent in February from a year ago, the European carmakers association ACEA said.

Consumer Inflation Mildest In 6 Months

March 14, 2008 6:19 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department reported consumer prices were unchanged last month and better than the predicted 0.3 percent gain, but the relief was expected to be short-lived.

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Boeing Mulls Brazil Military Aircraft Bid

March 14, 2008 6:00 am | Boeing | News | Comments

U.S. aircraft manufacturer may bid on an estimated $2.2 billion contract to provide military planes to Brazil's air force, the company said Thursday.

EU: Economic Slowdown Won't Disrupt Climate Change

March 14, 2008 5:23 am | by Paul Ames, Associated Press Writer | News | Comments

European leaders are demanding that the costly fight against climate change cannot come at the expense of their economies as they continue two days of talks on Friday.

China's Sinosteel Makes Bid For Australian Miner

March 14, 2008 5:16 am | by Rohan Sullivan, Associated Press Writer | News | Comments

Sinosteel launched a $1.1 billion takeover bid for iron ore miner Midwest in the first hostile approach by a Chinese company for an Australian one.

Rapid Growth Causing Quality Headaches For Toyota

March 13, 2008 12:50 pm | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota's president acknowledged rapid global growth was partly behind a surge in problems that has plagued the Japanese automaker in recent years.

NAM Questions Climate Change Legislation

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

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

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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 Manufacturing.net 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 Manufacturing.net 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.

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