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Daily news and top headlines for manufacturing professionals

Jobless Claims Reach 7-Year High

October 2, 2008 6:20 am | by Christopher S. Rugaber, AP Business Writer | News | Comments

New applications for unemployment benefits rose slightly last week to a seven-year high due to a weakening economy and the impact of Hurricanes Ike and Gustav.

House Readies For Bailout Part Two

October 2, 2008 5:55 am | by Charles Babington and Julie Hirschfeld Davis, Associated Press Writers | News | Comments

Members getting another chance to vote on a financial bailout that has infuriated millions of voters after the Senate added tax cuts and other sweeteners and passed it handily.

Procter & Gamble CEO: Congress Must Pass Bailout

October 1, 2008 9:50 am | News | Comments

Chief executive of consumer products maker says customers and suppliers are feeling pinched by the credit crunch and urged congressional leaders to pass financial bailout.

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WTO Criticizes U.S. Dumping Charges

October 1, 2008 9:27 am | by Bradley S. Klapper, Associated Press Writer | News | Comments

World Trade Organization ruled largely against the U.S. in a dispute over dumping charges on imports of European products, from stainless steel and ball bearings to pasta.

Report: UK Manufacturing 'Simply Awful'

October 1, 2008 6:07 am | News | Comments

Manufacturing output in Britain hit a 17-year low in September, with employment, production and new orders all falling sharply.

Utah May Have Shortage Of Malt Beverages

October 1, 2008 5:54 am | by Brock Vergakis, Associated Press Writer | News | Comments

State's supply of the fruity alcoholic beverages will likely be exhausted soon as manufacturers decide whether to comply with new labeling rules.

DOD To Decide On Humvee Replacement Soon

October 1, 2008 5:50 am | by Donna Borak, AP Business Writer | BAE Systems, Lockheed Martin | News | Comments

Pentagon is inching closer to replacing the Humvee, currently the vehicular backbone of U.S. military operations in Iraq, with the latest lightweight tactical vehicle under development.

Poland: EU To Reject Shipyard Plans

October 1, 2008 5:42 am | News | Comments

European Union suggested it will reject Warsaw's plans to save two troubled shipyards in northern Poland, the Polish treasury minister said.

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Saint-Gobain Containers Fined For Pollution

October 1, 2008 5:40 am | News | Comments

One of the country's largest glass container makers has agreed to pay a $140,000 fine for violating federal air regulations at its Madera, Calif., wine bottle plant.

Euro Jobless Rate Hits 7.5 Percent

October 1, 2008 5:38 am | News | Comments

Jobless rate in the Eurozone climbed again in August as worries over European economic growth deepened and confidence is at its lowest level in seven years.

More Companies Charged In Chinese Milk Probe

October 1, 2008 5:28 am | by Christopher Bodeen, Associated Press Writer | News | Comments

Fifteen more companies were identified as producing milk products contaminated with melamine, broadening a scandal affecting products from baby formula to chocolate.

EU Fines 'Paraffin Mafia' $1 Billion

October 1, 2008 5:22 am | by Raf Casert, Associated Press Writer | News | Comments

European Union imposed one of its highest ever cartel fines on nine paraffin wax producers accused of fixing prices and markets for products like chewing gum, tires and candles.

Thailand Testing Chinese Imports For Melamine

October 1, 2008 5:17 am | News | Comments

Nation testing nearly 100 imports from China for possible melamine contamination and has found traces of the chemical in milk powder, health officials said.

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Lawmakers Try To Salvage Bailout Bill

September 30, 2008 1:26 pm | by Charles Babington and Jim Kuhnhenn, Associated Press Writers | News | Comments

Congressional leaders scrambled Tuesday to find out what changes are needed to sell the failed $700 billion financial system bailout to rank-and-file members.

Hong Kong: Cadbury Melamine Levels Acceptable

September 30, 2008 10:30 am | by Dikky Sinn, Associated Press Writer | News | Comments

Amount of melamine found in two samples of chocolate made at British candy maker’s Beijing factory was legally acceptable for human consumption, said authorities.

What Could You Do With $700 Billion?

September 30, 2008 8:20 am | by Nancy Benac, Associated Press Writer | News | Comments

With Washington trying to finagle a $700 billion rescue for the nation's financial system, the federal money sought by other projects is starting to look like chump change.

Bailout Failure Could Cause 'Painful' Recession

September 30, 2008 6:14 am | by Jeannine Aversa, AP Economics Writer | News | Comments

President Bush warned on Tuesday that the economic damage will be 'painful and lasting' if Congress doesn't revive the $700 billion package.

Judge: Hexion Must Complete Huntsman Buyout

September 30, 2008 5:55 am | News | Comments

Delaware judge has refused to allow Hexion Specialty Chemicals to walk away from a $6.5 billion buyout of chemicals maker Huntsman Corporation.

Japanese Unemployment Surges, Spending Falls

September 30, 2008 5:39 am | by Tomoko A. Hosaka, Associated Press Writer | News | Comments

Japan got a triple dose of bad economic news as spending dropped sharply, jobless rate hit a two-year high and industrial production at the nation's vital manufacturers declined.

Mattel Asks Judge To Halt Bratz Production

September 30, 2008 5:35 am | News | Comments

Barbie-maker filed court papers Monday asking a federal judge to block its competitor MGA Entertainment Inc. from making or selling Bratz dolls.

Eurozone Inflation Falls To 3.6 Percent

September 30, 2008 5:32 am | News | Comments

Cooling prices offer little relief to a European economy suffering as consumers worry about rising unemployment and companies fear the banking meltdown.

Tainted Milk Scandal Spreads To Australia

September 30, 2008 5:27 am | News | Comments

Concerns over melamine in one of New Zealand's highest-priced dairy exports have spread to Australia as officials consider if the manufacturing process causes the contamination.

South Korea Finds More Chinese-Made Tainted Food

September 30, 2008 5:25 am | News | Comments

Investigators say they have found high levels of melamine in two more Chinese-made food products imported to South Korea.

House Defeats $700 Billion Bailout

September 29, 2008 1:55 pm | by Julie Hirschfeld Davis, Associated Press Writer | News | Comments

Not enough members were willing to support the measure, ignoring warnings from President Bush and congressional leaders that the economy could nosedive without it.

Stocks Plunge As Bailout Plan Fails In House

September 29, 2008 10:55 am | by Tim Paradis, AP Business Writer | News | Comments

Fear swept across the financial markets Monday, sending the Dow Jones industrials down more than 700 points, after the government's financial bailout package failed the House.

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