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Daily news and top headlines for manufacturing professionals

Former Samsung Lawyer Details Alleged Slush Fund

November 26, 2007 5:45 am | by Hyung-Jin Kim, Associated Press Writer | News | Comments

Attorney says Samsung Group created a $215 million slush fund to bribe influential figures, adding to previous allegations of corruption at South Korea's biggest conglomerate.

China Urged To Stop Producing ‘Tidal Wave' Of Fakes

November 26, 2007 5:15 am | News | Comments

European Union trade commissioner says that eight out of 10 fake goods seized at Europe's borders last year were made in China.

Microsoft: Technology Is Key To Stopping Piracy

November 26, 2007 5:00 am | by Brian Bergstein, AP Technology Writer | News | Comments

Software maker’s experience indicates industry's best hope for reducing piracy rests with anti-copying technologies rather than in policing legalistic user agreements.

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Broadcom Seeks Injunction Against Qualcomm

November 26, 2007 4:41 am | News | Comments

Chip maker trying to stop the industry giant from making, using, selling or developing cellular chips based on contested patents.

GE Enters U.K. Market With 30 Locomotive Order

November 26, 2007 4:13 am | News | Comments

Freightliner Group order for 30 freight locomotives puts GE Transportation in the U.K. rail freight market for the first time.

Waterford Wedgwood To Slash Irish Work Force In Half

November 21, 2007 8:00 am | by Shawn Pogatchnik, Associated Press Writer | News | Comments

Luxury tableware manufacturer said it would lay off 490 of its approximately 1,000 workers at the crystal factory in Waterford, southeast Ireland — and focus on developing the plant's status as a tourism magnet.

Porsche ‘In No Hurry’ To Increase VW stake

November 21, 2007 6:00 am | News | Comments

Most observers expect it's only a matter of time before the luxury automaker moves to increase its 31 percent stake in Volkswagen AG.

Chinese Paper Antidumping Duties Canceled

November 21, 2007 4:50 am | News | Comments

International Trade Commission concluded that American industry was not threatened by imports of Chinese coated paper.

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BHP Billiton Trying To Acquire Rival Mining Company

November 21, 2007 4:48 am | News | Comments

Australian company's CEO says takeover of Rio Tinto would be good for steel industry — but steel groups criticize the move, saying it will create an iron ore monopoly.

Toyota Raises China Sales Goal

November 21, 2007 4:22 am | News | Comments

Japanese automaker — poised to take GM's place as world's largest car manufacturer — aims to boost sales to 700,000 with help from Vios, Camry and Yaris models.

Hyundai Nixes Mini-Car Production In South Korea

November 21, 2007 4:00 am | News | Comments

‘Sales of vehicles with one-liter engines and smaller in Korea do not make high profits,’ according to Hyundai Motor spokesman Jake Jang.

China Denies Spying On U.S. Manufacturers

November 20, 2007 10:36 am | by Christopher Bodeen, Associated Press Writer | News | Comments

Beijing says claims that it is stealing U.S. manufacturing expertise are a 'smear attack' aimed at misleading public opinion of China.

Lear Closing Plant, Shedding Jobs

November 20, 2007 10:31 am | News | Comments

Canadian Auto Workers chief blames unfair trade deals and the high Canadian dollar for auto parts plant closure.

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EU OKs $350 Million Emerson Electric Purchase

November 20, 2007 9:50 am | News | Comments

European antitrust regulators OK deal in which the U.S. electrical products maker will buy the embedded communications computing business of cell phone maker Motorola Inc.

Indian Automakers Among Final Ford Bidders

November 20, 2007 8:20 am | by Tom Krisher, AP Auto Writer | News | Comments

Mahindra & Mahindra, Tata Motors vying against private U.S. equity firm for Ford's Jaguar and Land Rover units; bidders are meeting with British government, labor unions and Ford.

Sony, Fujifilm, Maxell Fined For Videotape Cartel

November 20, 2007 8:17 am | by Paul Ames, Associated Press Writer | News | Comments

EU regulators imposed fines of nearly $110 million on Japanese companies for running a cartel that fixed prices on professional videotapes sold in Europe.

CVRD Mining, Dongkuk Steel Planning $2 Billion Plant

November 20, 2007 8:15 am | News | Comments

Brazil's CVRD mining company and South Korea's Dongkuk Steel Mill site would have initial production capacity of 2.5 million metric tons of steel per year and could double later.

Russian Ford Workers Stage Second Strike

November 20, 2007 8:10 am | News | Comments

Workers at plant outside St. Petersburg are seeking wage increases of about 30 percent and a 6½-hour night shift instead of 7½ hours.

Brazilian Company Buying U.S. Zinc

November 20, 2007 8:05 am | News | Comments

Ohio-based Aleris International selling the business to mining and metals company Votorantim Metais for $295 million.

Malaysian Automaker Stops Looking For Foreign Partner

November 20, 2007 5:32 am | by Sean Yoong, Associated Press Writer | News | Comments

Money-losing Proton had been in talks with Volkswagen and GM but discontinues negotiations after improvement in its domestic sales and exports.

Flowserve Corp. Selling Rail Business

November 20, 2007 5:10 am | News | Comments

Sale to Germany's Vossloh AG includes assets held by Australian unit Thompsons, Kelly & Lewis Pty Ltd. that generated $11 million in 2006.

Companies To Buy Japanese Frozen Food Maker

November 20, 2007 5:03 am | News | Comments

Japan Tobacco Inc. and and instant noodle maker Nissin Food Products Co. plan to jointly acquire struggling Katokichi Co.

EU: Italian Subsidy Violated State Aid Rules

November 20, 2007 4:18 am | News | Comments

Regulators order Italy to recover $117 million in aid granted to steel company ThyssenKrupp, cement maker Cementir and chemical company Terni Nuova Industrie Chimiche.

World's Electronic Waste Dumped In China

November 19, 2007 10:35 am | by Christopher Bodeen, Associated Press Writer | News | Comments

Experts estimate 70 percent of the 20 to 50 million tons of electronic waste produced globally each year ends up in China.

U.S. Official: Toys Need Outside Testing Firms

November 19, 2007 10:30 am | News | Comments

Health and Human Services Secretary Mike Leavitt says toymakers need a proactive approach by making sure toys are safe before entering the country.

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