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Daily news and top headlines for manufacturing professionals

Man Confesses To Violating U.S. Export Regulations

March 24, 2009 5:30 am | by Amy Forliti, Associated Press Writer | News | Comments

Jian Wei Ding of Singapore pleaded guilty to his role in a plot to illegally export materials used in space and weapons technology to China, Hong Kong and Singapore.

EPA Global Warming Threat Under Review

March 24, 2009 5:20 am | by H. Josef Hebert, Associated Press Writer | News | Comments

Proposed finding by the EPA that global warming is a threat to public health is under White House review, the first step to regulating greenhouse gases under the Clean Air Act.

Ex-W.R. Grace Employee Warned Of Asbestos

March 24, 2009 5:10 am | News | Comments

Former W.R. Grace & Co. worker warned supervisors of asbestos hazards in 1976, when studies showed consumer products were releasing high concentrations of the dangerous fibers.

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South Korea Aims To Create Jobs

March 24, 2009 5:06 am | by Kelly Olsen, AP Business Writer | News | Comments

Nation says it will spend $20.9 billion this year to create new jobs and shore up the economy as it endures its worst slump in a decade.

UK Consumer Prices Rise Unexpectedly

March 24, 2009 5:01 am | News | Comments

Annual consumer price index rose to 3.2 percent in February as higher prices for food and fuel and a weaker pound offset the deflationary effects of the economic crisis.

Environment Key Focus Of Obama Budget

March 23, 2009 10:50 am | by Philip Elliott, Associated Press Writer | News | Comments

Budget would invest billions in research designed to reduce climate change and guarantees loans for companies that develop clean energy technologies.

BAE Systems Competing In $17.5 Billion Army Program

March 23, 2009 10:33 am | BAE Systems | News | Comments

Company said it has been chosen to compete for equipment orders under an Army program that prepares soldiers for combat using simulators to mimic battle conditions.

WTO Expects World Trade To Drop 9 Percent

March 23, 2009 10:29 am | by Bradley S. Klapper, Associated Press Writer | News | Comments

Global trade will shrink by 9 percent this year in the most devastating collapse since World War II, the World Trade Organization said.

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Chrysler, CAW To Begin Talks

March 23, 2009 8:00 am | News | Comments

Automaker is seeking aid from the Canadian federal and Ontario provincial governments, but first must reach cost-cutting agreements with the Canadian Auto Workers union.

Government Plan To Help Banks Boosts Stocks

March 23, 2009 5:55 am | by Tim Paradis, AP Business Writer | News | Comments

Major stock indexes jumped in early Monday trading, a sign of investors' relief over the government's plan to help banks remove $1 trillion in bad assets from their books.

GM Bondholders Want Decision On Restructuring Plan

March 23, 2009 5:18 am | by The Associated Press | News | Comments

Bondholders warned the U.S. government that the struggling automaker will likely be forced to file for bankruptcy if their debt restructuring proposal is not accepted.

China Says It Welcomes Foreign Investment

March 23, 2009 5:13 am | News | Comments

Trying to reassure uneasy foreign companies, commerce minister said China still welcomes foreign investment despite its rejection of Coca-Cola's bid to buy a fruit juice producer.

Japanese Business Confidence Hits Record Low

March 23, 2009 5:10 am | News | Comments

Business confidence among large Japanese companies deteriorated further in the January-March period to minus 51.3, down 15.6 points from minus 35.7 in the October-December quarter.

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South Korea, EU Ready For Final Round Of Trade Talks

March 23, 2009 4:59 am | by Kelly Olsen, AP Business Writer | News | Comments

Both nations hope to send a strong anti-protectionist message as they started what is likely the last round of talks Monday toward a free trade agreement.

China Punishes 8 More Officials In Milk Scandal

March 20, 2009 1:41 pm | News | Comments

Beijing punished eight more senior government officials for their roles in last year's tainted infant formula scandal, which sickened thousands of babies and killed at least six.

Congress: Obama's Budget Would Create Huge Deficit

March 20, 2009 9:35 am | by Andrew Taylor, Associated Press Writer | News | Comments

President Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, significantly worse than predicted by the White House.

EU Concerned About Renault Production Move

March 20, 2009 8:18 am | by Raf Casert, Associated Press Writer | News | Comments

European Union asked France to explain the decision of car maker Renault SA to move excess production from its Slovenia plant to France.

Germany Expects More Job Losses

March 20, 2009 8:15 am | News | Comments

Finance Ministry said Friday that Germany's economy shows no signs of picking up anytime soon and unemployment will likely jump as growth slows.

EU To Double Bailout Fund For Members

March 20, 2009 6:20 am | News | Comments

European Union presidency says EU nations have agreed to double funds meant to bail out struggling member states to $68 billion.

AP: GM Bondholders Want More Flexibility

March 20, 2009 5:35 am | by Ken Thomas, Associated Press Writer | News | Comments

Bondholders of General Motors are appealing to both the government and the automaker for more flexibility as they try to reduce GM's massive amount of unsecured debt.

OECD Backs China Push For Bigger IMF Role

March 20, 2009 5:20 am | News | Comments

Head of the Organization for Economic Cooperation and Development endorsed China's appeal for more say in global finance bodies ahead of a summit of world leaders.

Lawmakers: Food Industry's Private Inspections Weak

March 20, 2009 5:20 am | by Ricardo Alonso-Zaldivar, Associated Press Writer | News | Comments

Food industry's private inspection system failed to catch filthy conditions at a peanut plant linked to a nationwide salmonella outbreak because the company itself hired the inspectors.

German Producer Prices Edge Upward In February

March 20, 2009 5:17 am | News | Comments

Cost of raw materials and energy for German manufacturers rose 0.9 percent from a year earlier, largely due to a natural gas price increase, the Federal Statistical Office said.

EU Steel Makers Say Jobs Suffer

March 20, 2009 5:13 am | News | Comments

European steel makers said Friday that one in six workers have lost their jobs or are working shorter hours as demand for steel has collapsed.

Europe's Industrial Output Continues To Shrink

March 20, 2009 5:09 am | News | Comments

Industrial activity in the Eurozone plunged 3.5 percent in January, as the economic crisis caused manufacturers to shut down plants, cut work hours, and delay investments.

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