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Daily news and top headlines for manufacturing professionals

Chinese Exports, Imports Plunge

February 11, 2009 4:51 am | by Joe McDonald, AP Business Writer | News | Comments

China's exports fell 17.5 percent in January amid collapsing global demand and imports plunged 43 percent, adding pressure on Beijing to boost the slumping economy.

House Hearing Focuses On Peanut Exec

February 11, 2009 4:29 am | by Ricardo Alonso-Zaldivar and Brett J. Blackledge, Associated Press Writers | News | Comments

President of Peanut Corp. of America subpoenaed for a hearing as the investigation starts to zero in on who is responsible for the nationwide salmonella outbreak.

German Consumer Prices Rise In January

February 11, 2009 4:25 am | by George Frey, AP Business Writer | News | Comments

Germany’s Federal Statistical Office said its consumer price index rose only 0.9 percent in January compared to last year, and that the index has steadily fallen since August 2008.

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Senate Approves Economic Recovery Plan

February 10, 2009 12:55 pm | News | Comments

President Barack Obama's economic recovery plan has passed the Senate and is on its way to difficult House-Senate negotiations.

GM: We Will Meet Fuel Standards

February 10, 2009 11:13 am | by Ken Thomas, Associated Press Writer | News | Comments

Even in its weakened shape, GM has 'prioritized all the resources we need to meet fuel economy' standards set to rise during the next decade, CEO Rick Wagoner said.

Possible Salmonella At Texas Peanut Plant

February 10, 2009 8:15 am | by Kate Brumback, Associated Press Writer | News | Comments

Health officials in Texas say lab tests show there may have been salmonella at a shuttered Texas plant operated by the peanut company linked to a national outbreak.

U.S. Gov't Relied On States For Food Inspections

February 10, 2009 6:45 am | by Seth Borenstein and Brett J. Blackledge, Associated Press Writers | News | Comments

Inspections performed by states can be plagued by stagnant budgets and overburdened officials that are trained less than federal counterparts and perform skimpier reviews.

Peanut Company Closes Second Plant

February 10, 2009 6:41 am | by Kate Brumback, Associated Press Writer | News | Comments

Peanut Corp. of America said it was voluntarily suspending operations at its Texas plant while health officials complete an investigation into procedures and food safety records there.

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Wholesale Inventories Plunge In December

February 10, 2009 6:40 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Commerce Department says wholesale inventories fell 1.4 percent, nearly double analysts' expectations of 0.8 percent and the largest amount in 16 years.

EU: France's Auto Bailout Could Be Harmful

February 10, 2009 5:40 am | by Raf Casert, Associated Press Writer | News | Comments

European Union is concerned that a French government bailout for local carmakers Renault SA and PSA Peugeot-Citroen undermines competition across the 27-nation block.

Obama Predicts Possible Recovery In 2010

February 10, 2009 5:00 am | News | Comments

President Obama says ‘if we get things right,’ he's hoping to start seeing ‘significant improvement’ in the economy starting in 2010.

ArcelorMittal Employees Protest Layoffs

February 10, 2009 4:59 am | News | Comments

About 1,000 steel workers from across Europe are demonstrating through the Belgian capital to demand more labor protection in times of economic recession.

FBI Raids Plant At Heart Of Salmonella Scare

February 10, 2009 4:30 am | by Jim Drinkard, Associated Press Writer | News | Comments

Federal agents executed search warrants at the Peanut Corp. of America plant in Blakely, Ga., and its headquarters in Lynchburg, Va., after a nationwide salmonella outbreak.

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Chinese Inflation Falls In January

February 10, 2009 4:25 am | by Joe McDonald, AP Business Writer | News | Comments

Inflation fell to 1 percent in January, giving Beijing more leeway to carry out a massive economic stimulus plan without igniting new price rises.

Foreign Manufacturing Investment Up In Malaysia

February 10, 2009 4:18 am | News | Comments

Approved foreign investment in Malaysia's manufacturing sector defied expectations to rise to a record $12.8 billion last year, up 38 percent from 2007.

Senate To Consider Food Safety Changes

February 9, 2009 9:26 am | by Greg Bluestein, Associated Press Writer | News | Comments

Key Senate committee is scheduled to vote on what's likely a first-in-the-nation proposal to require food manufacturers to share internal reports with investigators.

Oil Industry Facing Policy Changes

February 9, 2009 6:22 am | by John Porretto, AP Energy Writer | News | Comments

Industry must manage exploration and production amid the worst global recession in a generation, while President Obama looks to reduce America's dependence on fossil fuels.

German Exports Increase 2.8 Percent In 2008

February 9, 2009 4:45 am | by George Frey, AP Business Writer | News | Comments

Federal Statistical Office said Monday that German exports rose 2.8 percent in 2008 from the previous year, despite a sharp drop in December as the global economic crisis deepened.

Machinery Orders In Japan Better Than Expected

February 9, 2009 4:40 am | by Mari Yamaguchi, Associated Press Writer | News | Comments

Japanese machinery orders, a barometer of corporate spending, fell a less-than-expected 1.7 percent in December from November, figures showed Monday.

UK Warns Of Severe Recession

February 9, 2009 4:15 am | News | Comments

Britain's recession could be deeper and last longer than expected despite economic rescue plans, the country's financial regulator warned Monday.

India’s Growth Outlook Slows To 7.1 Percent

February 9, 2009 4:15 am | by Erika Kinetz, AP Business Writer | News | Comments

Government said Monday its economy will grow 7.1 percent this fiscal year, down from 9.0 percent last year, marking what could be the slowest India has grown since 2003.

Report: France Giving Over $7 Billion To Automakers

February 9, 2009 4:09 am | by Emma Vandore, AP Business Writer | News | Comments

Newspaper reports say loans will last five years and include conditions such as halting layoffs and suspending factory closures in France over the duration of the loans.

China: No Protectionism In Stimulus

February 9, 2009 4:04 am | by Joe McDonald, AP Business Writer | News | Comments

Beijing to avoid 'Buy China' measures in its stimulus plan, rejecting protectionist limits like those contemplated by Washington that prompted an outcry by U.S. trading partners.

Germany's Schaeffler Renews Plea For Gov't Aid

February 9, 2009 3:54 am | by George Frey, AP Business Writer | News | Comments

Ball bearing and car parts maker said it still needs financial help from the government to see it through 'massive difficulties' since its takeover Continental AG.

Obama: Jobless Data Demands Action

February 6, 2009 10:20 am | by Philip Elliott, Associated Press Writer | News | Comments

President decried as ‘inexcusable and irresponsible’ the delay of economic recovery legislation with an estimated 3.6 million Americans losing their jobs since the recession began.

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