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Daily news and top headlines for manufacturing professionals

GE To Delay Alstom Deal Vote

May 23, 2014 8:32 am | News | Comments

General Electric has agreed to give Alstom three additional weeks to consider GE's $17 billion offer for the French engineering company's energy-related operations.                  

House Passes Curbs For NSA Surveillance

May 23, 2014 8:17 am | by Ken Dilanian, AP Intelligence Writer | News | Comments

The House on Thursday passed legislation to end the National Security Agency's bulk collection of American phone records, the first legislative response to the disclosures by former NSA contractor Edward Snowden.                

U.S. Accuses Japanese Exec Of Price Fixing

May 23, 2014 8:12 am | News | Comments

According to an indictment, Hitoshi Hirano fixed prices of heater control panels sold to Toyota Motor Corp. between 2003 and 2010. The panels were used for vehicles made in the U.S. and elsewhere.         

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China To Step Up Scrutiny Of Internet Technology

May 22, 2014 10:24 am | by Joe McDonald, AP Business Writer | News | Comments

China's government announced Thursday it will examine information technology for possible security flaws, a move that comes amid tensions with Washington over accusations of cyber spying.           

China To Tread Carefully As It Pursues Influence

May 22, 2014 8:37 am | by Louise Watt, Associated Press | News | Comments

China is carrying on a high-stakes balancing act aimed at building influence and access to resources abroad without damaging ties with its most important economic partner — the United States.          

Vietnam Offers Help To Companies Hit By Riots

May 22, 2014 8:34 am | News | Comments

Vietnam pledged to help companies whose factories were targeted during anti-Chinese riots last week, offering tax breaks and other incentives to try and undo some of the damage to its reputation as a low-risk country for foreign manufacturers.  

CEO: Sony Needed To Act Sooner

May 22, 2014 8:28 am | by Yuri Kageyama, AP Business Writer | News | Comments

Sony Corp. Chief Executive Kazuo Hirai said Thursday the company accumulated huge losses because it didn't respond quickly enough to changing market conditions, but promised a return to profit next year.             

Unilever Selling Ragu Brand For $2.15B

May 22, 2014 8:23 am | News | Comments

Unilever PLC says it has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan's Mizkan Group for $2.15 billion.                     

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Chinese Manufacturing Rebounds To 5-Month High

May 22, 2014 8:18 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contraction eased in May, suggesting the slowdown in the world's second biggest economy is stabilizing.                     

UN Lowers Global Economic Growth Forecast

May 22, 2014 8:04 am | by Edith M. Lederer, Associated Press | News | Comments

The United Nations slightly lowered its forecasts for global economic growth in 2014 and 2015 citing a variety of reasons including the exceptionally cold winter in the U.S., the escalating political crisis in Ukraine, and financial turbulence earlier this year.

China Investigating Energy Officials Over Bribes

May 22, 2014 7:59 am | News | Comments

State media have reported that investigators found as much as $160 million in cash at the home of Wei Pengyuan, deputy chief of the coal bureau.                  

BMW Launching New 4 Series Coupe Model In Japan In June

May 21, 2014 3:30 pm | News | Comments

BMW Japan Corp. said Wednesday it will launch the new four-door 4 Series Gran Coupe on June 21 in Japan as part of its plan to introduce more than 10 new models to the country in 2014.            

FBI: Cyber Crime Poses 'Enormous Challenge'

May 21, 2014 2:19 pm | News | Comments

FBI Director James Comey told a Senate committee Wednesday that there are two kinds of companies: those that have been hacked by the Chinese and those that just don't know it yet.              

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French Engineering Flub Costs $68M To Fix

May 21, 2014 10:30 am | by Lori Hinnant, Associated Press | News | Comments

Engineers at the French railway network forgot to go and measure the actual distance between tracks and platforms — a mistake that will cost 50 million euros ($68 million) to fix.             

German CEOs Avoid Russia Business Forum

May 21, 2014 10:01 am | News | Comments

Chief executives of major German companies have turned down invitations to this week's St. Petersburg International Economic Forum amid tension between Russia and the West over Ukraine.            

PetSmart, Petco To Stop Selling Treats Made In China

May 21, 2014 8:23 am | by Joseph Pisani, AP Business Writer | News | Comments

FDA investigators haven't been able to prove that treats made in China are making pets sick, but since 2007, it has received more than 4,800 complaints of pet illnesses and more than 1,000 reports of dog deaths after eating Chinese-made treats.   

Google Eyes Up To $30B In Foreign Buyouts

May 21, 2014 8:15 am | by Michael Liedtke, AP Technology Writer | News | Comments

Pressed to provide more details about its plans for its overseas cash, Google revealed that $20 billion to $30 billion is earmarked for the acquisition of foreign companies and technology rights held outside the U.S.            

China Set To Deliver First Homegrown Jet

May 21, 2014 8:06 am | by Louise Watt, Associated Press | News | Comments

China launched the ARJ21 project in 2002 in an attempt to break into the Western-dominated aircraft market. The plane was promised for 2007 but delivery was pushed back due to technical problems.         

New Models And Concepts Needed For Asia-Pacific Supply Chains

May 20, 2014 3:54 pm | by Jonathan Wright | Articles | Comments

The very term “supply chain” implies a straight line and a singular operating mode, with tight linkages moving goods smoothly from mode to mode and location to location. In Asia-Pacific, however, this concept is unrealistic.     

United Tech Sees End To Canadian Helicopter Dispute

May 20, 2014 2:03 pm | News | Comments

Delivery of 28 helicopters was scheduled to begin in 2012, but Sikorsky has clashed with Canadian officials over production, support and other issues.                  

Germany Clamps Down On Spy Tech Exports

May 20, 2014 12:59 pm | News | Comments

Economy Minister Sigmar Gabriel says the move is designed to prevent spy software 'Made in Germany' from being used for internal repression by autocratic regimes.               

Company Says 4 Dead In Vietnam Riots

May 20, 2014 10:34 am | News | Comments

A Chinese company said Tuesday that four of its workers died last week in riots in Vietnam triggered by China's deployment of an oil rig in disputed seas.                            

Obama Hosting CEOs Whose Firms Are Investing In U.S.

May 20, 2014 8:28 am | by Jim Kuhnhenn, Associated Press | News | Comments

The gathering Tuesday is designed to illustrate growing interest in the United States by firms capable of creating high-paying jobs.                     

NASA Says Russia Alone Can't End Space Station Work

May 20, 2014 8:15 am | by Frank Jordans, Associated Press | News | Comments

Friction between the U.S. and Russia over Ukraine won't spell the end of the International Space Station, the head of NASA said, dismissing concerns that one of the world's most prestigious scientific endeavors could fall victim to political disagreement.

China Warns Cyber Charges Could Damage Ties

May 20, 2014 8:08 am | by Joe McDonald, Associated Press | News | Comments

China on Tuesday warned the United States was jeopardizing military ties by charging five Chinese officers with cyberspying and tried to turn the tables on Washington by calling it "the biggest attacker of China's cyberspace."    

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