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Daily news and top headlines for manufacturing professionals

Canada’s Unemployment Rate Jumps

April 9, 2009 8:20 am | by Rob Gillies, Associated Press Writer | News | Comments

Statistics Canada reported 61,300 workers lost their jobs in March, far worse than the 55,000 job losses economists had been expecting.

Jobless Claims Numbers Better Than Expected

April 9, 2009 8:05 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Labor Department said Thursday the tally of initial jobless claims fell to a seasonally adjusted 654,000, down from a revised 674,000 in the previous week.

Canada Reports Trade Surplus In February

April 9, 2009 5:55 am | News | Comments

Following three months of rapid declines, Canada reported a trade surplus of $126 million -- up from a deficit of $1.2 billion in January.

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Canada Mulls ‘Repayable Loans’ For U.S. Carmakers

April 9, 2009 5:50 am | News | Comments

Trade Minister said Canada is studying the possibility of supporting U.S. automakers operating in the country with ‘repayable loans.’

Japan's Machinery Orders See Unexpected Rise

April 9, 2009 5:35 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Machinery orders, an indicator of how much companies plan to spend, rose in February for the first time in five months, growing 1.4 percent to $7.3 billion.

Micron Drops Out Of Taiwan Chip Company

April 9, 2009 5:30 am | News | Comments

Boise, Idaho-based company decided against an alliance with the newly formed Taiwan Memory Co. because it feared it could erode its technological superiority.

Japan Unveils Ambitious Growth Plan

April 9, 2009 5:22 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Japanese Prime Minister aims to boost domestic demand by at least $400 billion within three years and add between 1.4 million and 2 million new jobs.

German Industrial Production Dips In February

April 9, 2009 5:06 am | News | Comments

Industrial production fell 2.9 percent in February, just short of economists' expectations of a 3 percent slide, preliminary government figures showed.

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U.S. Steel Producers File Trade Case Against China

April 8, 2009 1:10 pm | by Daniel Lovering, AP Business Writer | News | Comments

Five companies and the United Steelworkers union filed complaints alleging unfair competition from Chinese imports they say have flooded the domestic market.

Chrysler Unveils New SUV Despite Government Criticism

April 8, 2009 10:50 am | by Dan Strumpf, AP Auto Writer | News | Comments

White House scolded Chrysler for relying too much on gas guzzlers, yet the only new product the company unveiled at the New York auto show is a redesigned Jeep Grand Cherokee.

GE Chief: Obama's Stimulus Package Will Work

April 8, 2009 10:10 am | News | Comments

Chief executive of General Electric Co. thinks President Barack Obama's economic-stimulus efforts will pay off eventually in fighting the recession.

Chrysler Says 30 Days Enough Time For Fiat Deal

April 8, 2009 10:02 am | News | Comments

Automaker said Wednesday the government's May 1 deadline for it to complete a deal with Fiat is ‘ample time’ to reach a definitive agreement that is key to Chrysler’s survival.

Wholesale Inventories Fall 1.5 Percent

April 8, 2009 8:25 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Commerce Department says wholesale inventories dropped 1.5 percent in February, the steepest amount since January 1992 and more than double analysts' expectations.

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Treasury Backs GM, Chrysler Support For Suppliers

April 8, 2009 8:04 am | by Ken Thomas, Associated Press Writer | News | Comments

Department says General Motors Corp. and Chrysler LLC have launched financing support programs for auto suppliers backed by $5 billion in government funds.

Report: Japan Considers 'Cash For Clunkers' Program

April 8, 2009 5:35 am | by Yuri Kageyama, AP Business Writer | News | Comments

Japan is considering adopting an incentive to encourage car purchases similar to the ‘cash for clunkers’ program debated in U.S. Congress, a Japanese newspaper reports.

German Exports Drop 23 Percent

April 8, 2009 5:22 am | by Geir Moulson, Associated Press Writer | News | Comments

Federal Statistical Office said exports fell 23.1 percent to $86.3 billion in February, while imports fell 16.4 percent to $74.2 billion.

New Air Force Tanker Bids To Begin This Summer

April 8, 2009 5:20 am | by Stephen Manning, AP Business Writer | Airbus, Boeing | News | Comments

Defense Secretary plans to try again this summer to pick a defense contractor to build a badly needed replacement for the Air Force's 50-year-old fleet of aerial refueling planes.

Germany To Expand Car-Scrapping Bonus

April 8, 2009 5:00 am | by Geir Moulson, Associated Press Writer | News | Comments

German government to expand funding for a car-scrapping bonus that has given auto sales a powerful boost, more than tripling the amount of money originally set aside for the plan.

Canada Offers Aid To Auto Industry

April 7, 2009 1:33 pm | News | Comments

Canadian government providing an additional $565 million to help to the country's auto industry and to people who buy cars from GM or Chrysler while they restructure.

Kansas Signs Law To Attract Green Energy Firms

April 7, 2009 10:55 am | News | Comments

New law taking effect next week will permit the state to issue put to $5 million in bonds to firms manufacturing equipment for solar and wind energy production.

Tate & Lyle Loses Case To Ban Chinese Imports

April 7, 2009 5:55 am | News | Comments

British-based sugar and sweeteners company Tate & Lyle revealed that a U.S. court ruled against its bid to ban imports of certain Chinese sweeteners to the United States.

Officials Find Salmonella In California Pistachio Plant

April 7, 2009 5:35 am | by Garance Burke, Associated Press Writer | News | Comments

Food and Drug Administration said state and federal inspectors discovered the bacteria in 'critical areas' at Setton Pistachio of Terra Bella, Inc.

UK Manufacturing Declines In February

April 7, 2009 5:00 am | by Robert Barr, Associated Press Writer | News | Comments

Manufacturers' output fell 0.9 percent, the 12th consecutive monthly decline, although the pace of the drop was the slowest in half a year, the government said.

Defense Chief Urges Cuts In Weapons Programs

April 6, 2009 1:59 pm | by Anne Gearan, AP Military Writer | Lockheed Martin | News | Comments

Robert Gates on Monday outlined deep cuts to many of the military's biggest weapons programs, including the F-22 fighter jet.

Michigan Car Battery Plan Gets $220 Million

April 6, 2009 9:28 am | News | Comments

Gov. Granholm added $220 million to a tax incentive program for companies developing and making advanced batteries used in hybrid and electric vehicles.

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