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Daily news and top headlines for manufacturing professionals

CEO Says Malaysia Airlines Needs Radical Change

June 25, 2014 12:21 pm | by Eileen Ng, Associated Press | News | Comments

Malaysia Airlines' CEO said Wednesday that business has improved four months after one of its jets went missing, but the beleaguered flag carrier needs a radical overhaul to survive.                

Boeing 777-300ER Expected To Become New Japanese Gov't Planes

June 25, 2014 8:29 am | News | Comments

Japan is likely to adopt the Boeing 777-300ER as its new government aircraft to be used for overseas trips by the prime minister and imperial family members, government sources said Wednesday.          

HanesBrands To Buy DBApparel For About $550M

June 25, 2014 8:26 am | News | Comments

HanesBrands is buying DBApparel from Sun Capital Partners Inc. for about $550 million, giving the underwear and T-shirt company entry to the European market.                

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OPEC: Iraq Violence Not Causing Oil Output Drop

June 25, 2014 7:59 am | News | Comments

The head of OPEC, the group of major oil exporters, says recent crude price increases are to blame on market fears caused by the crisis in Iraq but not on a drop in output.                 

Ghosn Still Highest-Paid Exec In Japan

June 25, 2014 7:48 am | News | Comments

Nissan said that CEO Carlos Ghosn earned 995 million yen in the 2013 business year ended in March, up from 988 million yen the previous year, adding to the view he will remain the highest-paid executive among listed companies in Japan.     

Japan Aims To Restore Cutting Edge

June 24, 2014 10:18 am | by Elaine Kurtenbach, Associated Press | News | Comments

The plan includes dozens of proposed changes to labor regulations, government pension fund investments, corporate governance and tax policies that Abe says are needed to spur corporate investment and innovation.             

Panel: 'Serious Faults' In Novartis Clinical Study

June 24, 2014 9:42 am | News | Comments

Novartis Pharma K.K. violated Japan's personal information protection law and ethical guidelines in a clinical study, led by the University of Tokyo, of a leukemia drug, the university's investigation panel said Tuesday.            

Businesses Join White House In Backing Export-Import Bank

June 24, 2014 8:17 am | by David Espo, AP Special Correspondent | News | Comments

The government agency provides direct loans, loan guarantees and credit insurance to help foreign buyers purchase American-made products.                    

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Big Tobacco Snubs Indonesia Health Warning Law

June 24, 2014 8:03 am | by Margie Mason, AP Medical Writer | News | Comments

Despite having a year and a half to prepare the warning photos that are to cover 40 percent of all cigarette packs, most tobacco companies failed to meet Tuesday's deadline, according to the National Commission for Child Protection.    

Australia PM Introduces Bill To Repeal Carbon Tax

June 24, 2014 7:55 am | by Rod McGuirk, Associated Press | News | Comments

Prime Minister Tony Abbott reintroduced legislation to the Australian Parliament on Monday that would repeal a carbon tax that the nation's worst greenhouse gas polluters have to pay.            

The Global Picture: Where Are The Manufacturing Jobs?

June 23, 2014 4:36 pm | by Tia Nowack, Associate Editor, IMPO | Blogs | Comments

The global manufacturing scene has been getting a lot of press lately, as China’s production slows and the reshoring trend gives American workers hope. But with so many moving parts, what’s really happening?                  

Robot Valet To Park Cars At Airport In Germany

June 23, 2014 1:05 pm | News | Comments

An airport spokesman says the robot, nicknamed Ray, starts work Tuesday and can be booked using a smartphone app.                         

China Factory Gauge Shows Economy Stabilizing

June 23, 2014 12:03 pm | News | Comments

Factory activity in China expanded in June for the first time this year, according to an HSBC report Monday, adding to signs that the slowdown in the No. 2 economy is stabilizing as recent micro boosting measures take hold.      

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UN Assembly Links Environment, Economics

June 23, 2014 10:31 am | by Jason Straziuso, Associated Press | News | Comments

The first-ever United Nations Environmental Assembly is underway in Nairobi, Kenya, where more than 150 high-level delegations are addressing environmental sustainability challenges.                   

Shire Rejects $46.2B Offer From AbbVie

June 23, 2014 8:29 am | News | Comments

Dublin-based drugmaker Shire said it has rejected an unsolicited $46.2 billion offer from AbbVie Inc., arguing that it fundamentally undervalues the company and its prospects.             

China Expands Investment In U.S., Creates Jobs

June 23, 2014 8:17 am | by Paul Wiseman, AP Economics Writer | News | Comments

After decades of siphoning jobs from the United States, China is creating some. Chinese companies invested a record $14 billion in the United States last year, according to the Rhodium Group research firm. Collectively, they employ more than 70,000 Americans, up from virtually none a decade ago.

Alstom CEO: GE Deal Will Save Jobs

June 23, 2014 7:44 am | News | Comments

Alstom's chief executive says the French heavy engineering firm's agreement to sell off most of its power generation business to U.S. rival General Electric Co. will save jobs and protect France's national interests.         

Manufacturing.net Rewind: Workers Kill CEO; Chinese Spyware Phone

June 19, 2014 2:16 pm | News | Comments

Check out some of this week's top headlines from across Manufacturing.net, from Indian factory workers killing the CEO over a dispute about work hours to a Chinese-made phone that comes with spyware.          

GE Makes Revised Offer For Alstom

June 19, 2014 11:16 am | News | Comments

General Electric submitted a revised offer to buy the power generation business of France's Alstom that the American company hopes will be enough to win approval from the French government and see off a rival bid by Siemens.                  

Japan Logs 23rd Month Of Trade Deficit

June 19, 2014 8:08 am | News | Comments

Japan logged its 23rd successive month of trade deficits in May, as exports and imports both declined despite signs of recovering demand in the U.S. and Europe.                

Chinese Paper Maker Opening Plant In Virginia

June 18, 2014 12:15 pm | News | Comments

A Chinese paper maker is planning to invest $2 billion over five years to open a facility in Chesterfield County, creating 2,000 jobs, Gov. Terry McAuliffe announced Wednesday.             

Va. Resumes Chicken Exports To China

June 18, 2014 9:24 am | News | Comments

China blocked Virginia chicken exports in 2007 after a case of pathogenic avian influenza was reported on a single farm in Virginia.                     

Texas Has Beef With Chipotle Buying Australian Meat

June 18, 2014 8:16 am | News | Comments

The Texas agriculture commissioner aired a beef with Chipotle Mexican Grill and wants to talk with its founder after the company decided to import grass-fed beef from Australia.              

Russia: New Pipeline Will Go Ahead Despite Setback

June 17, 2014 3:53 pm | News | Comments

Russia's foreign minister insists the EU's order to halt construction work on the South Stream pipeline in Bulgaria is only a brief delay in the project planned to bypass Ukraine as a transit country and consolidate Russia's energy grip in Europe. 

China Blocks Alliance Of World's Biggest Shippers

June 17, 2014 3:24 pm | by Jan M. Olsen, Associated Press | News | Comments

A plan by the world's three biggest container shipping operators to create an alliance has been scrapped after Chinese authorities blocked it.                     

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