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Daily news and top headlines for manufacturing professionals

New Jobless Claims Report Better Than Expected

April 30, 2009 6:07 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Labor Department said Thursday that new applications for unemployment aid fell to a seasonally adjusted 631,000 last week, down from the prior week's 645,000.

Could GM Become 'Government Motors'?

April 30, 2009 5:26 am | by Stephen Manning, AP Business Writer | News | Comments

If the government takes a majority stake in GM, some analysts say the administration may be tempted to push its own policies on issues like alternative fuel vehicles and unions.

Euro-Zone Jobless Rate Jumps In March

April 30, 2009 5:02 am | by Aoife White, AP Business Writer | News | Comments

Jobless rate in the 16 nations that use the euro surged to 8.9 percent in March, the highest level in nearly five years, the EU statistics office said Thursday.

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Federal Reserve Says Recession May Be Easing

April 29, 2009 1:05 pm | by Jeannine Aversa, AP Economics Writer | News | Comments

Fed said Wednesday it sees signs the recession is easing and that the economic outlook has ‘improved modestly’ since last month.

U.S. Jobless Rate Rises In All Metro Areas

April 29, 2009 10:20 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Unemployment rates rose in all of the nation's largest metropolitan areas for the third straight month in March, with Indiana's Elkhart-Goshen area topping the list at 18.8 percent.

U.S. Economy Contracts At Worse-Than-Expected Pace

April 29, 2009 9:16 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Commerce Department reports economy shrank at a 6.1 percent pace at the start of this year, far worse than the 5 percent decline expected.

Chrysler CEO ‘Encouraged’ With Progress

April 29, 2009 5:50 am | News | Comments

With one day left to go before its deadline, Chrysler chief Robert Nardelli said the automaker is making progress toward meeting the government's restructuring requirements.

Auto Task Force Rejects GM, Delphi Deal

April 29, 2009 5:40 am | News | Comments

Government’s auto task force has rejected a deal that would allow parts supplier Delphi to sell its steering business to General Motors, but an agreement still is possible.

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Fiat Gets OK For $61 Million Subsidy

April 29, 2009 5:14 am | News | Comments

Automaker won EU authorization Wednesday for an Italian government $61 million subsidy to help it build cars and maintain jobs in Sicily.

U.S. Warns Nations Not To Ban Pork Imports

April 29, 2009 5:10 am | News | Comments

Ensuring the American food supply is safe, U.S. government warned its trading partners against putting restrictions on U.S. pork imports amid the spreading swine flu epidemic.

German Economy Expected To Shrink 6 Percent

April 29, 2009 5:09 am | by Geir Moulson, Associated Press Writer | News | Comments

Government forecast Wednesday that Europe's biggest economy will shrink by a huge 6 percent this year but return to modest growth in 2010.

European Economic Confidence Rebounds

April 29, 2009 5:04 am | by Aoife White, AP Business Writer | News | Comments

European Commission said businesses and shoppers in both the 27-member EU and the 16 countries that use the euro were more optimistic in April for the first time since May 2007.

California Finds Lead-Tainted Kid Jewelry

April 28, 2009 11:10 am | by Robert Jablon, Associated Press Writer | News | Comments

Jewelry items found in Southern California stores and warehouses contained dangerously high lead levels and were imported from China with labels proclaiming them lead-free.

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Trial Continues Against 4 W.R. Grace Executives

April 28, 2009 10:55 am | by Susan Gallagher, Associated Press Writer | News | Comments

Federal judge has denied a motion to dismiss environmental crime charges against four former executives of W.R. Grace & Co.

Will There Be A Fiat-Chrysler Deal?

April 28, 2009 8:10 am | News | Comments

Fiat vice chairman said the viability of an alliance between Fiat and Chrysler won't be known until Thursday, the U.S. government's deadline for Chrysler to wrap up a deal.

Chrysler Debtholders, U.S. Treasury Reach Deal

April 28, 2009 7:55 am | by Stephen Manning, AP Business Writer | News | Comments

Person familiar with the talks says Treasury Department has reached a tentative agreement with four of Chrysler's major debtholders as the automaker races to stave off bankruptcy.

U.S. Slams Russia's Move To Ban American Meat

April 28, 2009 7:41 am | News | Comments

Amid fears of swine flu, Russia widened a ban on meat imports from Mexico and some U.S. states, prompting objections from the United States.

Germany's Inflation Rate Rises In April

April 28, 2009 6:20 am | News | Comments

Annual inflation rate in Germany, Europe's biggest economy, edged up to 0.7 percent in April after hitting a 10-year low the previous month.

Mayor Hopeful In Face Of GM Cuts

April 28, 2009 6:05 am | News | Comments

Marion, Ind., mayor has presented the city’s General Motors plant with a performance-based incentive plan that he hopes will protect it from new cutbacks.

Canada Sees Rise In Employment Insurance Claims

April 28, 2009 6:02 am | News | Comments

Statistics Canada says claims for Employment Insurance in February jumped 18.6 percent, more than any month since comparable data began to be compiled in 1997.

New Labor Department Rules Aimed At Worker Safety

April 28, 2009 5:20 am | by Sam Hananel, Associated Press Writer | News | Comments

Labor Department official says two industries are the focus of new safety rules being proposed by the government in an effort to step up worker-safety regulations.

Government Could Create Leaner GM

April 28, 2009 5:20 am | by Tom Krisher, AP Auto Writer | News | Comments

GM will become a leaner, government-owned company if the Obama administration goes along with the automaker's plan to slash jobs, close plants, and drop Pontiac.

GM To Cut 21,000 Jobs, Drop Pontiac

April 27, 2009 8:05 am | by Kimberly S. Johnson, AP Auto Writer | News | Comments

Automaker will cut 21,000 U.S. factory jobs by next year, phase out Pontiac brand and ask U.S. government to take company stock in exchange for half its government debt.

Obama Promises Record R & D Investment

April 27, 2009 6:05 am | News | Comments

President promising major investment in research and development, with the goal of spending 3 percent of the nation's gross domestic product on scientific innovation.

EU Approves Canadian Trade Talks

April 27, 2009 5:59 am | by Constant Brand, Associated Press Writer | News | Comments

Amid rising protectionism, European Union will officially launch negotiations with Canada on a free trade pact on May 6.

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