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Daily news and top headlines for manufacturing professionals

UK Auto Industry Pushes For Bailout Package

February 20, 2009 5:59 am | by Jane Wardell, AP Business Writer | News | Comments

Several car manufacturers have already shed jobs and reduced workers' hours in response to slowing consumer demand and there are fears the industry might never recover.

Canada Lost 322,000 Manufacturing Jobs In 5 Years

February 20, 2009 4:36 am | News | Comments

Statistics Canada study says Canada lost nearly 322,000 manufacturing jobs from 2004 to 2008, or more than one in seven.

Obama Supports Free Trade During Canada Trip

February 20, 2009 4:14 am | by Jennifer Loven, AP White House Correspondent | News | Comments

President sought to reassure free-trading Canadians that his country is not cultivating a protectionist streak as its economy tanks and hemorrhages jobs.


Canadian Auto Workers Await Restructuring Plans

February 20, 2009 4:10 am | News | Comments

Chrysler Canada and General Motors of Canada present restructuring plans on Friday in hopes of securing $1 billion from the federal and provincial governments.

British Retail Sales Edge Upward In January

February 20, 2009 4:01 am | by Pan Pylas, AP Business Writer | News | Comments

Office for National Statistics said retail sales grew by 0.7 percent despite plunging car production and a sharp rise in home repossessions.

Euro Zone Economic Downturn Intensifies

February 20, 2009 3:49 am | News | Comments

Survey showed that the services and manufacturing sectors in the 16 nations that share the single currency saw business activity fall at a record rate during February.

Feds To Probe Compressor Industry

February 19, 2009 10:09 am | by Stephen Manning, AP Business Writer | News | Comments

Justice Dept. opened an antitrust investigation into price fixing and other anticompetitive practices at companies that supply the cooling parts for refrigerators and freezers.

Clinton Predicts Recession Will End Within 2 Years

February 19, 2009 6:45 am | by Andrew Demillo, Associated Press Writer | News | Comments

Former President told Arkansas legislators that he'd be shocked if it took more than two years for the nation's economy to rebound and expects a turnaround between 12 and 15 months.


Wholesale Inflation Sees Surprise Jump In January

February 19, 2009 5:15 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department said Thursday that wholesale prices increased by 0.8 percent last month, the biggest gain since last July and well above the 0.2 percent increase expected.

Unemployment Claims Reach All-Time High

February 19, 2009 5:10 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Labor Department reported Thursday that the number of people receiving regular unemployment benefits has jumped to 4.99 million while new jobless claims remain well above 600,000.

GM Daewoo In Talks With South Korean Bank

February 19, 2009 5:09 am | by Kelly Olsen, AP Business Writer | News | Comments

South Korean arm of General Motors said it held talks with a state-run bank over long-term financing, while a news report said it sought hundreds of millions of dollars in aid.

No Easy Solutions To Keep GM, Chrysler Afloat

February 19, 2009 4:45 am | by Ken Thomas and Tom Krisher, Associated Press Writers | News | Comments

Two once-mighty automakers have requested an additional $21.6 billion to stay alive, but for President Barack Obama's month-old administration, there are no easy answers.

Stimulus Includes Tax Break For Private Jets

February 19, 2009 4:40 am | by Donna Borak and David Koenig, AP Business Writers | News | Comments

Aviation industry hopes the tax break in the economic-stimulus bill will persuade more companies to buy planes and snap a slump in general aviation that began last year.


UAW Benefits, Bond Issues Challenge GM, Chrysler

February 19, 2009 4:35 am | by Kimberly S. Johnson, AP Auto Writer | News | Comments

Automakers are hammering out two issues left unfinished in requests for more government aid -- how to fund union-run health care trust and get bondholders to exchange debt for equity.

Georgia Strengthens Food Inspection Laws

February 19, 2009 4:35 am | by Shannon McCaffrey, Associated Press Writer | News | Comments

Legislation would require food makers to alert state inspectors within 24 hours if a plant's internal tests show its products are contaminated.

Germany Willing To Help GM's Opel

February 19, 2009 4:10 am | by Melissa Eddy, Associated Press Writer | News | Comments

German leaders are open to helping keep Opel factories open, but have insisted that GM Europe outline a long-term strategy with job security for the thousands of workers.

China Approves Light Industry Stimulus

February 19, 2009 4:03 am | News | Comments

Beijing promised to help light industry and petrochemical suppliers in its latest stimulus package aimed at reviving sectors that have been battered by the global economic crisis.

Fed Reserve Downgrades Economic Forecast

February 18, 2009 12:56 pm | by Jeannine Aversa, AP Economics Writer | News | Comments

Under the new projections, the unemployment rate will rise to between 8.5 and 8.8 percent this year, and the economy will contract between 0.5 and 1.3 percent.

AMD Gets Approval For Factory Spin-Off

February 18, 2009 8:29 am | News | Comments

Shareholders approved a stock transaction that clears the way for the computer chip maker to spin off factories and sell a stake of the company.

GM, Chrysler Reveal Plant Closings, Job Cuts

February 18, 2009 7:50 am | by Tom Krisher and Ken Thomas, Associated Press Writers | News | Comments

Automakers' restructuring plans included requests for $39 billion in loans, as well as plans for 50,000 jobs cuts and the slashing of models and brands.

Industrial Production Falls More Than Expected

February 18, 2009 6:43 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Federal Reserve reported Wednesday that production at the nation's factories fell 1.8 percent last month; many economists expected a 1.5 percent decline.

GAO Denies Northrop, Textron Protests

February 18, 2009 5:10 am | by Donna Borak, AP Business Writers | BAE Systems, Lockheed Martin, Boeing | News | Comments

Government denied protests from Northrop Grumman and Textron, keeping the defense contractors out of a competition to build lightweight tactical vehicles to replace the Humvee.

China Vows To Keep Exchange Rate Stable

February 18, 2009 4:43 am | by Joe McDonald, AP Business Writer | News | Comments

Chinese exporters that face plunging sales want the yuan devalued, making their goods cheaper abroad, but economists see no sign Beijing will take such a step.

'Buy American' Concerns Japan's Steel Industry Chief

February 18, 2009 4:40 am | News | Comments

Head of a Japanese steel industry group warned the ‘Buy American’ clause contained in the new U.S. stimulus package could spread protectionism around the world.

U.S. Gov't Wants Stricter Food Labels

February 18, 2009 4:32 am | by Mary Clare Jalonick, Associated Press Writer | News | Comments

Obama administration wants labels for fresh meat and other foods that would show more clearly where it came from, according to consumer groups briefed on the issue.

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