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Daily news and top headlines for manufacturing professionals

Samsung Buys Israeli Company TransChip

October 31, 2007 6:44 am | by Kelly Olsen, AP Business Writer | News | Comments

South Korea-based Samsung's acquisition of an image sensor developer was the electronics company's first in more than a decade.

Bombardier Venture Wins $1.5 Billion Chinese Order

October 31, 2007 6:24 am | News | Comments

Chinese Ministry of Railways orders 40 high-speed trains from Bombardier Sifang Power Transportation Ltd.

Hyundai Unveils New Compact Car For Indian Market

October 31, 2007 6:09 am | News | Comments

South Korean automaker invested $200 million to develop the new i10 that will be sold both in India and overseas.

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Group Urges Malaysia To Regulate Toy Safety

October 31, 2007 6:05 am | News | Comments

Malaysian Association of Standards Users randomly tested 24 Chinese-made toys sold in Malaysia and found at least 16 contained excessive lead levels.

Japan's Vehicle Exports At 20-Year High

October 31, 2007 5:53 am | News | Comments

Vehicle exports in the April-September period grew 6.8 percent due to a surge in exports to Russia and the Middle East.

Alcatel-Lucent Cutting 4,000 Jobs

October 31, 2007 5:45 am | by Emma Vandore, AP Business Writer | News | Comments

Job cuts are in addition to the 12,500 announced in February and together amount to 20 percent of the 82,500 workers employed by Alcatel and Lucent at the time of their merger.

Consumer Product Safety Commission Head Won't Resign

October 31, 2007 5:40 am | News | Comments

Under fire for a host of recalls of Chinese-made toys, acting CPSC Chairwoman Nancy Nord says she won't heed Democratic lawmakers' calls for her resignation.

Boeing, Airbus Disagree On Approach To Indian Market

October 30, 2007 12:07 pm | by Gavin Rabinowitz, Associated Press Writer | Airbus, Boeing | News | Comments

Airbus in talks to sell its A380 superjumbo jets to state-run Air India; Boeing officials skeptical of the need for such big planes in the Indian market.

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Chrysler CEO: New Contract Is 'Revolutionary'

October 30, 2007 6:42 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Bob Nardelli praises the money-saving contract and says he hopes the company raises more cash by selling $1 billion worth of unneeded real estate and buildings.

GM Daewoo Finishes South Korean Test Center

October 30, 2007 6:34 am | by Kelly Olsen, AP Business Writer | News | Comments

The $110 million Cheong-Na Proving Ground in Incheon includes a vehicle testing ground, research and development facilities and labs.

Attendance Drops At China's Biggest Trade Show

October 30, 2007 6:26 am | by William Foreman, Associated Press Writer | News | Comments

The Canton Fair reported an 8.3 percent drop in attendance in wake of massive recalls; however, value of orders placed rose 3 percent.

Vallourec To Buy Three U.S. Businesses For $800M

October 30, 2007 6:11 am | News | Comments

French steel tube maker buying Atlas Bradford Premium Threading & Services, TCA and Tube-Alloy from Grant Prideco; companies have combined yearly revenue of $229 million.

Price Increases For Beer Brewing On The Horizon

October 30, 2007 5:59 am | by Shannon Dininny, Associated Press Writer | News | Comments

In the United States, where one-fourth of the world's hops are grown, acreage fell 30 percent between 1995 and 2006, leading some to predict a 10 percent rise in beer prices.

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Toyota Looks To Next-Generation Hybrids

October 30, 2007 5:52 am | by Yuri Kageyama, AP Business Writer | News | Comments

Up next for Toyota and its rivals are far more powerful batteries for next-generation hybrids, plug-in electric cars and eventually zero-emission fuel-cell vehicles.

Seagate To Close Northern Ireland Plant

October 30, 2007 5:40 am | News | Comments

Effort by the world's largest hard drive maker to streamline operations will affect 780 workers — 1.5 percent of the company's global work force.

German Jobless Rate Hits 12-Year Low

October 30, 2007 5:35 am | by Matt Moore, AP Business Writer | News | Comments

Germany emerging from a lengthy period of economic stagnation that pushed up unemployment and prompted Germans to tighten their purse strings.

China Adjusting Auto Policies To Avoid Trade Friction

October 30, 2007 5:25 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Chinese automakers are beginning to target overseas markets, but policy makers in Beijing are already bracing for a backlash.

Commerce Official: India Sweatshop Reports Hyped Up

October 30, 2007 5:17 am | by Rajesh Mahapatra, AP Business Writer | News | Comments

India's trade minister takes a defensive stand following report that Gap Inc. had sold clothes made by children in a New Delhi sweatshop.

India Activists Condemn Clothing Retailer Gap's Child Labor

October 29, 2007 12:51 pm | by Muneeza Naqvi, Associated Press Writer | News | Comments

Reported discovery of children as young as 10 sewing clothes for Gap Inc. in a New Delhi factory has renewed concerns about child labor in India.

EU Aviation Safety Agency Meets With Bombardier

October 29, 2007 11:03 am | by Karl Ritter, Associated Press Writer | News | Comments

European Union called for a 'crisis meeting' to evaluate the airworthiness of Bombardier Q-400 turboprops after three crash landings prompted SAS to drop the planes from its fleet.

Alberto-Culver Closing Toronto Plant

October 29, 2007 10:54 am | News | Comments

Personal care products manufacturer closing plant to help the company streamline operations and improve efficiencies; 115 jobs eliminated.

China, ASEAN Strengthen Food Safety Stance

October 29, 2007 6:51 am | News | Comments

Ministers for food safety and health from 10 countries agreed to unify the standards with international requirements on food products to facilitate regulation and enforcement.

European Steel Producers Ask For Chinese Sanctions

October 29, 2007 6:44 am | News | Comments

Steel industry group Eurofer says steel producers are asking the European Union to slap a 40 percent surcharge on soaring imports of below-cost Chinese steel.

India's Economic Development Hides Plight Of Poor

October 29, 2007 6:42 am | by Gavin Rabinowitz, Associated Press Writer | News | Comments

Critics contend India's Special Economic Zones, set up to attact foreign investment, force farmers from their land or cheat them on its value.

CAW Head Not Impressed With Chrysler, UAW Contact

October 29, 2007 5:54 am | by Roger Ward, CP | News | Comments

Canadian Auto Workers’ leader Buzz Hargrove voiced disappointment with a deal he said fails to resolve issues of foreign competition and health care.

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