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Daily news and top headlines for manufacturing professionals

Malaysia Releasing Satellite Data On Missing Jet

May 27, 2014 10:58 am | by Eileen Ng and Chris Brummitt, Associated Press | News | Comments

The Malaysian government released 45 pages of raw satellite data it used to determine that the missing jetliner crashed into the southern Indian Ocean, responding to demands for greater transparency by relatives of some of the 239 people on board.

Singapore Fines 3 Firms For Price-Fixing

May 27, 2014 10:30 am | News | Comments

Singapore's antitrust authority on Tuesday fined three Japanese companies a total of $7.2 million for price-fixing of ball and roller bearing products in the Singapore market.                 

India's Oldest Auto Factory Shelves Elite Sedan

May 27, 2014 8:30 am | by Katy Daigle, Associated Press | News | Comments

India's oldest car factory has abruptly suspended production of the hulking Ambassador sedan that has a nearly seven-decade history as the car of the Indian elite.               


China To Take 6M Vehicles Off Roads

May 27, 2014 7:54 am | by Joe McDonald, AP Business Writer | News | Comments

China's government plans to take 6 million older, polluting vehicles off the road this year in an effort to revive stalled progress toward cleaning up smog-choked cities.                

Russian CEOs Glimpse Relief From Uncertainty

May 23, 2014 1:57 pm | by Laura Mills, Associated Press | News | Comments

With the Russian economy and stock market in the doldrums, CEOs gathered at a business forum here on Friday were eager for some sign of a let-up in their country's high-stakes standoff with the West over Ukraine.       

U.S. Claims Win In Car Dispute With China

May 23, 2014 12:57 pm | News | Comments

The United States claimed victory in a trade dispute Friday after a key panel ruled that China's anti-dumping duties on imports of American-made cars and sport-utility vehicles violate international trade rules.        

Doctors Design Dialysis Machine For Babies

May 23, 2014 10:03 am | by Maria Cheng, AP Medical Writer | News | Comments

Doctors in Italy have designed a miniature dialysis machine for babies, used for the first time last year to save a newborn girl, according to a new report.         Rewind: China's First Jet; A Drug Company Suicide

May 23, 2014 9:57 am | News | Comments

Check out some of this week's top headlines from across, from China getting ready to deliver its first homegrown airliner to a French engineering mistake that will cost $68 million to fix.        


Biden: Cyprus Will Turn Region Into Global Gas Hub

May 23, 2014 9:33 am | News | Comments

U.S. Vice President Joe Biden says Cyprus's newly found offshore natural gas reserves can transform the eastern Mediterranean into a "global hub" for the fossil fuel.                

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.         

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.                     

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.              

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.   

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