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Daily news and top headlines for manufacturing professionals

Taiwan's Chip Industry Seeks Foreign Tie-Ups

March 5, 2009 4:46 am | by Annie Huang, Associated Press Writer | News | Comments

Government looking at America's Micron Technology or Japan's Elpida Memory to help the island's chip makers consolidate and end a string of massive losses.

Toyota To Appear Before Auto Task Force

March 5, 2009 4:35 am | by Yuri Kageyama, AP Business Writer | News | Comments

Top U.S. executive will meet with the Obama administration's auto industry task force next week, but won't be asking for any help, the Japanese automaker said.

GM Says It Hasn't Asked UK For Help

March 5, 2009 4:23 am | News | Comments

Automaker dismissed reports that it had decided on how much assistance it would seek from the British government or that it had already made its aid appeal.

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China Predicts 8 Percent Economic Growth In 2009

March 5, 2009 4:20 am | by Joe McDonald, AP Business Writer | News | Comments

Beijing promised to ‘dramatically increase’ spending to boost exports, create jobs and counter the impact of the global slowdown that has thrown at least 20 million out of work.

Supreme Court Upholds Lawsuits Against Drugmakers

March 4, 2009 11:32 am | by Mark Sherman, Associated Press Writer | News | Comments

Court rejected Wyeth Pharmaceuticals' claim that federal approval of its anti-nausea drug should have shielded the company from lawsuits filed by consumers.

Fed Says Economy Deteriorated In January, February

March 4, 2009 10:05 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Federal Reserve's new snapshot of business activity nationwide showed the economic picture darkening over the last two months and revealed little hope for a quick turnaround.

Canada Official: U.S. Steel Pensions, Loans Safe

March 4, 2009 7:35 am | News | Comments

Despite massive layoffs at U.S. Steel Canada, lawmaker says he's been reassured workers will get their pensions and that the company will pay back government loans.

Is The FDA Broken?

March 4, 2009 7:25 am | by Ricardo Alonso-Zaldivar and Mike Baker, Associated Press Writers | News | Comments

Different products were involved in multiple safety crises recently, but they all shared some of the same FDA shortcomings: inspections, legal authority and technology.

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Michigan Focusing On Green Jobs

March 4, 2009 4:20 am | by David Eggert, Associated Press Writer | News | Comments

Biggest barrier to growing the renewable energy industry to revive Michigan’s flagging economy is banks that refuse to lend money, said Gov. Jennifer Granholm.

UK Consumers Pessimistic About Economy

March 4, 2009 4:18 am | News | Comments

February survey showed 19 percent of respondents believed economic conditions would be better in six months, while 43 percent expected the situation to be worse.

China Punishes Officials For Water Contamination

March 4, 2009 4:03 am | News | Comments

Seven government officials in China have been punished after an industrial chemical leak contaminated an eastern city's tap water supply, the local government said.

U.S. Says EMC Paid Kickbacks On Contracts

March 3, 2009 10:05 am | News | Comments

Government has accused data storage maker of paying kickbacks to partners on government contracts, a charge the company said it intends to defend itself against ‘vigorously.’

GM Extends Talks To Spain, Britain, Others

March 3, 2009 9:40 am | by Colleen Barry, AP Business Writer | News | Comments

European unit of GM is negotiating with Spain, Britain and other European governments beyond Germany to get the $4.2 billion they say they need to keep operating.

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Toyota Looking For Japanese Gov't Loan

March 3, 2009 7:53 am | by Yuri Kageyama, AP Business Writer | News | Comments

Automaker's financing unit in talks with a Japanese government-backed bank about a $2 billion loan, underlining the serious woes facing the car industry.

Chinese Courts Accept Tainted Milk Suits

March 3, 2009 7:15 am | by Anita Chang, Associated Press Writer | News | Comments

Hundreds of families affected by a tainted milk scandal plan to file lawsuits against the dairy companies involved after a top justice official said courts will accept the cases.

Porsche 'Confident' EU Will Stop VW Law

March 3, 2009 7:06 am | News | Comments

Automaker says European Commission will likely overturn Germany’s plans to allow Volkswagen's second-biggest shareholder, the state of Lower Saxony, to block important decisions.

Car-Scrapping Program Boosts German Auto Sales

March 3, 2009 4:50 am | News | Comments

New government bonus for people who scrap aging cars and buy new ones helped give a powerful boost to car sales -- up 21 percent -- in Germany last month.

Survey: U.S. Investments In South China Decline

March 3, 2009 4:30 am | by William Foreman, Associated Press Writer | News | Comments

Major U.S. business group said Tuesday an annual survey of its members shows that companies plan to invest 40 percent less this year in southern China.

Indonesian Exports See Biggest Drop In 22 Years

March 3, 2009 4:20 am | News | Comments

Country’s exports fell 36 percent in January from a year ago, down to $7.15 billion from $11.19 billion, with the biggest drops in shipments of coal, manufactured goods and electronics.

China Looking To Invest In Europe

March 3, 2009 4:19 am | News | Comments

Chinese companies have been stepping up investments abroad despite global financial turmoil and have signed a flurry of foreign energy and resource deals.

OECD: Governments Must Avoid Protectionism

March 3, 2009 4:15 am | by Emma Vandore, AP Business Writer | News | Comments

Governments should resist the temptation to shield economies from competition during the global financial crisis because that will only make it worse, an OECD report said.

Indiana County Wants Chrysler To Return Millions

March 3, 2009 4:05 am | News | Comments

Tipton County is demanding Chrysler return $5.5 million in county-issued bonds and repay at least $4.5 million set aside for a plant that a Chrysler supplier stopped building last year.

China Shutting Chemical Plants In Polluted City

March 3, 2009 4:05 am | News | Comments

City in eastern China that had its tap water contaminated by an industrial chemical leak will shut down more than 30 chemical plants, state media reported.

UK's Brown Has Economic Message For U.S. Visit

March 2, 2009 9:37 am | by David Stringer, Associated Press Writer | News | Comments

When he visits Washington, British Prime Minister will urge lawmakers to abandon protectionism even though it could hurt American workers in the midst of a recession.

Germany Evaluates Opel Bailout

March 2, 2009 8:35 am | by David Rising, Associated Press Writer | News | Comments

Economy minister met with the bosses of Adam Opel to discuss General Motors' request for $4.2 billion in aid.

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