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Daily news and top headlines for manufacturing professionals

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.

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.

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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.

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.

Newell Rubbermaid Buys Japanese Car Seat Maker

April 1, 2008 6:20 am | News | Comments

Consumer-product maker acquired Aprica Childcare Institute Aprica Kassai Inc., a Japanese maker of strollers, car seats and other children's products.

Genzyme To Expand Ireland Plant, Add 170 Jobs

April 1, 2008 6:15 am | by Shawn Pogatchnik, Associated Press Writer | News | Comments

U.S. drug maker announced plans to expand its manufacturing and research facilities in Ireland and hire another 170 people.

Hyundai Merchant Marine Expands To Russia, Dubai

April 1, 2008 6:00 am | News | Comments

South Korea’s second-largest shipping company set up wholly owned overseas units in Russia and Dubai in a move to expand into the oil-rich countries.

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Toyota Creating Research Institute Near Detroit

April 1, 2008 5:53 am | News | Comments

Japanese automaker is establishing a North American research institute and plans to spend $100 million over the next four years on advanced research activity.

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.

20,000 Workers Strike At Nike Contract Factory

April 1, 2008 5:40 am | by Vu Tien Hong, Associated Press Writer | News | Comments

More than 20,000 Vietnamese workers walked off the job at a plant that makes shoes for Nike, demanding higher pay to keep pace with skyrocketing prices.

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.

GM Commercial Vehicle Plant Opens In China

March 31, 2008 12:00 pm | News | Comments

Plant will make small work trucks for GM's joint venture with Chinese automakers Wuling and Shanghai Automotive Industry Corp.

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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.

Malaysia Airlines Buying Boeing, Airbus Jets

March 31, 2008 6:40 am | Airbus, Boeing | News | Comments

Airline will acquire up to 55 new Boeing 737-800 jets, and go ahead with previously-announced plans to buy six Airbus A380s as part of its fleet expansion.

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.

Eurozone Inflation At Annual High

March 31, 2008 5:56 am | by Aoife White, AP Business Writer | News | Comments

Yearly inflation in the 15 nations that use the euro hit a record high of 3.5 percent in March driven by rising fuel and food prices.

Proton Recalls 34,000 Cars

March 31, 2008 5:50 am | News | Comments

Malfunction risks in the rear wheel bearing force Malaysia’s national automaker to recall 34,000 Savvy supermini cars.

Israeli Drug Maker Buying Bentley Pharma

March 31, 2008 5:48 am | News | Comments

Generic drug maker Teva will pay $360 million for Bentley Pharmaceuticals in a move to expand operations in Spain.

Japan's Industrial Production Falls In February

March 31, 2008 5:31 am | News | Comments

Industrial production dropped 1.2 percent from the previous month as demand decreased for electronic parts.

Gerdau Considers Buying ArcelorMittal Plant

March 31, 2008 5:30 am | News | Comments

Brazilian steel maker has held talks with French government officials on the possible purchase of an ArcelorMittal plant that unions say is set for closure.

Ford Receives $17M To Reopen Ontario Plant

March 31, 2008 5:25 am | by Keith Leslie, AP Writer | News | Comments

Ontario government to give Ford Motor of Canada $17 million to reopen its Essex engine plant in Windsor and restore about 300 jobs.

Jaguar, Land Rover Deal Marks India’s Economic Rise

March 28, 2008 11:45 am | News | Comments

India's investment in international companies and its rising middle-class has reshaped the country, spurring a national economic boom.

U.S. Heavy Equipment Makers Find Success Overseas

March 28, 2008 11:00 am | by David Mercer, Associated Press Writer | News | Comments

Companies like Caterpillar and Deere have taken refuge in growing economies overseas to ride out the downturn in the American economy.

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