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Daily news and top headlines for manufacturing professionals

FDA Nominee Promises To Revamp Food Safety

May 7, 2009 1:46 pm | by Ricardo Alonso-Zaldivar, Associated Press Writer | News | Comments

Dr. Margaret Hamburg says she wants to restore public confidence in the Food and Drug Administration by putting science first and running an open and accountable operation.

Canada Forcing CAW To Reach Agreement With GM

May 7, 2009 12:22 pm | by Charmaine Noronha, Associated Press Writer | News | Comments

Canadian Auto Workers said federal and Ontario governments pressing union and GM to reach cost-cutting labor agreement or risk losing government assistance and liquidation.

Pentagon's Weapons Buying Practices To Get Overhaul

May 7, 2009 11:06 am | by Jim Abrams, Associated Press Writer | Lockheed Martin, Boeing | News | Comments

Senate acted Thursday to clamp down on Pentagon purchasing practices that have led to billions in cost overruns and delays in getting weapons to people at war.

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Canada Loans Rio Tinto Alcan $175M For New Plant

May 7, 2009 8:45 am | News | Comments

Aluminum company says Quebec’s government has agreed to lend up to $175 million to help fund construction of a pilot plant in the province.

New Jobless Claims Reach Unexpected Low

May 7, 2009 8:14 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Number of newly laid off workers applying for benefits dropped to 601,000 last week -- far better than the rise to 635,000 claims that economists expected.

German Industrial Orders Post Surprise Gain

May 7, 2009 5:58 am | News | Comments

Orders grew an unexpected 3.3 percent in March, which was stronger than expected and indicated the impact of the global recession may have hit bottom for Europe's biggest economy.

Productivity Improves, Labor Costs Ease

May 7, 2009 5:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department reported productivity grew at a 0.8 percent annual rate in the first quarter, slightly better than the 0.6 percent increase that economists had expected.

Volvo Loan Guarantees Delayed

May 7, 2009 5:32 am | by Malin Rising, Associated Press Writer | News | Comments

Talks between the Swedish government and Ford-owned Volvo Cars about guarantees for a $266 million loan were postponed pending a sale of the brand, state officials said.

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Canada Warns U.S. Steel About Shutdown

May 6, 2009 10:23 am | News | Comments

Industry Minister says temporary shutdown at two plants in Ontario may be a violation of commitments U.S. Steel made when it bought a Canadian steel producer in 2007.

Fiat Could Rescue Opel But Germany Cautious

May 6, 2009 10:20 am | by Melissa Eddy, Associated Press Writer | News | Comments

Germany’s hesitance to provide financing remains a key hurdle for Fiat’s bid to take over Opel, which along with an alliance with Chrysler would create a new European auto giant.

U.S., EU End Fight Over Beef Imports

May 6, 2009 10:10 am | by Aoife White, AP Business Writer | News | Comments

Under the deal, U.S. won't impose sanctions on EU food that were due to come into force this week, and the EU will import more high-quality U.S. beef over the next four years.

Weststar Takeover Could Save British Van Maker

May 6, 2009 6:09 am | by Robert Barr, Associated Press Writer | News | Comments

British government has offered financial support for a proposed takeover of struggling British van maker LDV by Weststar of Malaysia to save it from bankruptcy.

Tennessee Recognized For Best Site Deals

May 6, 2009 5:40 am | News | Comments

Site Selection magazine ranked Tennessee's Volkswagen assembly plant in Chattanooga and Hemlock Semiconductor’s new facility in Clarksville among the top deals in North America.

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Do Unions Really Need Help From Congress?

May 6, 2009 5:31 am | by Sam Hananel, Associated Press Writer | News | Comments

Labor unions won nearly two-thirds of private ballot organizing elections last year, prompting some to question the need for a bill that would make it even easier to form unions.

Missouri Wants $50M For Battery-Makers

May 6, 2009 5:15 am | by David A. Lieb, Associated Press Writer | News | Comments

State senators are seeking to use $50 million in federal stimulus funds to entice a pair of high-tech, Missouri battery-makers to expand in the state.

EU: Trade Talks With China May Speed Recovery

May 6, 2009 5:05 am | News | Comments

European Union's top trade official said talks with China this week could help both their economies recover from the current downturn by opening up trade and investment.

P & G Warned About Problems At Puerto Rico Plant

May 5, 2009 1:42 pm | by Mike Melia, Associated Press Writer | News | Comments

U.S. regulators sent a warning letter to Procter & Gamble over unsanitary conditions at a plant that makes Olay skin care products and Vicks cold medicine in Puerto Rico.

Obama Expands Consumer Product Safety Commission

May 5, 2009 11:59 am | by Philip Elliott, Associated Press Writer | News | Comments

President to propose two more seats on the panel and ask Congress for $107 million to fund the agency charged with ensuring that products from toys to toasters are safe.

German Truck Maker Under Investigation For Bribery

May 5, 2009 10:45 am | News | Comments

Munich-based MAN AG says prosecutors allege that between 2002 and 2005 the truck maker is suspected of paying bribes worth $1.33 million in Germany and millions more abroad.

Bernanke: Economy Could Grow Later This Year

May 5, 2009 9:28 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Federal Reserve chairman told Congress that the economy should pull out of a recession and start growing again later this year, but economic activity likely to be subpar.

Obama’s Tax Plan Threatens Tech Giants

May 5, 2009 8:05 am | by Michael Liedtke, AP Technology Writer | News | Comments

President's plan to impose U.S. taxes on corporate America's overseas profits threatens to open a big crater in the financial statements of technology companies.

Court Upholds German Ban On Monsanto Corn

May 5, 2009 5:58 am | News | Comments

German court rejected an attempt by the world's leading seed seller to suspend government ban on genetically engineered corn, saying it may pose a risk to the environment.

Latest Economic Data Indicates Recession Is Easing

May 5, 2009 5:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Results of ‘stress tests’ on the nation’s 19 largest banks raised hopes Monday that the recession is easing in the United States.

China Becomes Brazil's Leading Trade Partner

May 5, 2009 5:29 am | News | Comments

Brazil's Ministry of Development, Industry and Foreign Commerce says trade with China last month reached $3.2 billion, compared to $2.8 billion with the United States.

Russia Extends Ban On Pork Imports To Britain

May 5, 2009 5:25 am | News | Comments

Government’s veterinary watchdog is extending its ban of pork imports to include Britain over fears of a spread of the deadly swine flu virus.

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