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Daily news and top headlines for manufacturing professionals

EU Clears Kraft's Danone Acquisition

November 9, 2007 6:04 am | News | Comments

The U.S. food and beverage maker's bid for Danone's cookie and cereal snack division was OK'd on condition some units in Spain and Hungary are sold off.

U.S. Trade Deficit At Lowest Since May 2005

November 9, 2007 5:39 am | News | Comments

Commerce Department report shows September's level dipped 0.6 percent while overall U.S. imports of goods and services rose 0.6 percent.

Tax Credit Expires For Toyota Hybrid Buyers

November 9, 2007 5:31 am | News | Comments

Hybrid vehicles purchased after Oct. 1 aren't eligible for tax break because the company hit a legal cap on the credit, according to the Internal Revenue Service.

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'Cheers' Actor Takes On Presidential Hopefuls

November 9, 2007 5:23 am | by Stephen Majors, Associated Press Writer | News | Comments

John Ratzenberger says candidates must address the problem of U.S. workers losing jobs because of outsourcing to foreign countries.

Tyson Foods Pares Down Managers In Efficiency Move

November 9, 2007 5:14 am | News | Comments

Meat processor will cut less than 200 managerial positions in North America to allow the company to be more flexible and make decisions faster.

CPSC Pulls Aqua Dots Toys From Shelves

November 9, 2007 5:14 am | by Peggy Harris, Associated Press Writer | News | Comments

Scientists say a chemical coating on the beads, when ingested, metabolizes into gamma hydroxy butyrate — the 'date rape drug' — and could lead to seizures, coma and death.

Michelin To Upgrade Nova Scotia Plant

November 9, 2007 5:06 am | News | Comments

Tire maker's $4.2 million investment will upgrade facility's equipment and help plant make new lines of tires but doesn't mean more jobs for the area.

Mega Brands Closes N.J. Plant

November 9, 2007 5:02 am | News | Comments

Montreal-based toymaker shutting down a Woodridge, N.J., plant and shifting more work to China after reporting an $11 million loss, falling sales and Magnetix recall earlier this year.

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Uruguay OKs Wood Pulp Plant Amid Protests

November 9, 2007 4:51 am | by Raul Garces, Associated Press Writer | News | Comments

Environmental activists in neighboring Argentina have been protesting the $1.2 billion plant for two years, arguing it will cause environment damage and undermine tourism.

Japan On Guard Against U.S. Economic Troubles

November 9, 2007 4:45 am | News | Comments

Global investors still are concerned that the full extent of the fallout from the U.S. credit market crisis — which has led to losses for major banks and investment firms — is not yet known.

Oil, Subprime Bring Down EU Economic Forecast

November 9, 2007 4:32 am | by Robert Wielaard, Associated Press Writer | News | Comments

European Commission forecasts growth in the 27-nation bloc will slow to 2.4 percent in both 2008 and 2009, down from 2.9 percent in 2007.

Paulson: China, U.S. Need To Cooperate On Imports

November 9, 2007 4:28 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Both countries need to work together to overcome global food and product safety problems that have affected their bilateral trade acutely, U.S. Treasury Secretary says.

Congressman Urges Ban Of Alabama-Made Poison

November 8, 2007 11:25 am | by Jay Reeves, Associated Press Writer | News | Comments

As much as 10,000 pounds of Compound 1080 is produced annually by Tull Chemical; poison is so deadly a single teaspoonful could kill dozens of people.

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Rio Tinto Turns Down $100 Billion BHP Billiton Offer

November 8, 2007 9:53 am | by Andrea Hotter, Dow Jones Newswires | News | Comments

BHP Billiton confirms it approached rival miner Rio Tinto on a potential deal believed to be worth more than $100 billion; the rejection could mean a hostile takeover battle.

Hong Kong Carrier Orders 17 Boeing Planes

November 8, 2007 9:50 am | Airbus, Boeing | News | Comments

Cathay Pacific Airways' $5.2 billion order includes 10 Boeing 747-8 freighters and seven 777-300ER passenger planes to be delivered between 2009-12.

Eaton Acquires Hose And Tubing Maker

November 8, 2007 9:45 am | News | Comments

Diversified industrial manufacturer purchases Ontario-based Arrow Hose & Tubing, which had sales of $12 million last year.

EU Critical Of System Similar To U.S. Green Cards

November 8, 2007 9:30 am | by Constant Brand, Associated Press Writer | News | Comments

Some skeptics say "blue card" plan to attract skilled laborers from other countries should be left up to individual nations, not the 27 country bloc.

House Passes U.S.-Peru Trade Pact

November 8, 2007 6:30 am | News | Comments

National Association of Manufacturers supports bill that aims to even trade between the two countries; Peruvian goods enter the U.S. duty-free while U.S. goods to Peru have a tariff.

Japan's Machinery Orders Fall In September

November 8, 2007 5:36 am | News | Comments

Government report of a 7.6 percent drop — the second straight monthly decline — suggests a slowdown in corporate investment that may indicate slower economic growth.

Japanese Brewer Buying Australian Dairy Producer

November 8, 2007 5:31 am | News | Comments

Kirin aiming to diversify revenue sources amid slower growth in Japan's food and beverage sector with $2.6 billion acquisition of National Foods.

Daimler Takes Majority Stake In Fuel Cell Company

November 8, 2007 5:24 am | News | Comments

50.1 percent stake in Canadian think tank Automotive Fuel Cell Cooperation will further help Daimler's large-scale production of fuel cell cars.

German Train Strike Targets Freight Services

November 8, 2007 5:22 am | News | Comments

The union representing German train drivers, GDL, launched a 42-hour strike against Deutsche Bahn national railway in an effort to secure a pay raise.

BMW's October Global Sales Rise

November 8, 2007 5:15 am | News | Comments

World's biggest manufacturer of luxury cars says sales reached 123,304 units, up 13.2 percent compared with last year.

Tele Atlas Endorses TomTom Bid Over Garmin's

November 8, 2007 4:57 am | News | Comments

Digital mapmaker says bid 'is more favorable to Tele Atlas, its shareholders and other stakeholders'; some investors believe TomTom rival Garvin will rebid.

Delays Hurt EADS 3Q Earnings

November 8, 2007 4:55 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

Airbus parent blames third-quarter losses on the slump in the U.S. dollar and delays with its A400M military transport aircraft.

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