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Daily news and top headlines for manufacturing professionals

Buffett Lunch Auction Bids Near $400,000

June 3, 2014 2:52 pm | News | Comments

The winning bids have exceeded $2 million in four of the past six years, and in 2012 the auction winner paid $3,456,789.                      

Bloomberg Says Cities Key To Confronting Climate Change

May 28, 2014 10:14 am | by Edith M. Lederer, Associated Press | News | Comments

Former New York Mayor Michael Bloomberg, in his new U.N. job, said cities hold the key to confronting climate change because they account for 75 percent of the heat-trapping gases and their mayors have executive powers to reduce emissions.   

Median CEO Pay Crosses $10M In 2013

May 27, 2014 11:51 am | by Ken Sweet, AP Business Writer | News | Comments

The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from $9.6 million in 2012, according to an Associated Press/Equilar pay study.                  

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Hasbro Exec Who Helped Create G.I. Joe Dies

May 27, 2014 10:07 am | News | Comments

Donald Levine, the Hasbro executive credited as the father of G.I. Joe for developing the world's first action figure, has died. He was 86.                    

Yellen Hails Bernanke's Courage In Crisis

May 21, 2014 12:39 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen is paying tribute to the man she succeeded three months ago, saying Ben Bernanke demonstrated the courage and grit that were needed to stabilize the financial system and restore economic growth.     

GM Gets New Chief Spokesman

May 19, 2014 11:00 am | News | Comments

General Motors is hiring Volkswagen's top U.S. spokesman Tony Cervone as its new public relations chief.                         

Anheuser-Busch VP Loses Discrimination Suit

May 19, 2014 7:54 am | by Alan Scher Zagier, Associated Press | News | Comments

Anheuser-Busch did not discriminate against a former executive by paying her significantly less than a male predecessor, a jury in St. Louis decided Friday.                

Apple CEO Dares To Be Different From Jobs

May 12, 2014 2:00 pm | by Michael Liedtke, AP Technology Writer | News | Comments

"Think different" became Apple's creed during the late Steve Jobs' reign as CEO. Now, chief executive Tim Cook is embracing the idea while making decisions that would have seemed crazy to his fabled predecessor.               

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UK Space Scientist Pillinger Dies

May 8, 2014 1:00 pm | by Jill Lawless, Associated Press | News | Comments

Colin Pillinger, an ebullient space scientist who captured the popular imagination with his failed attempt to land a British probe on Mars, has died. He was 70.               

13 Young Entrepreneurs Will Meet Warren Buffett

May 7, 2014 12:54 pm | News | Comments

Thirteen young entrepreneurs from across the country have won the chance to present their business ideas to investor Warren Buffett later this month.                                         

Buffett Has No Worries About His Successor

May 6, 2014 3:59 pm | News | Comments

Billionaire Warren Buffett says he's confident that the man who eventually succeeds him as Berkshire Hathaway's chief executive will have the right skills for the job.                

Former CEO Testifies In Anheuser-Busch Bias Trial

May 6, 2014 2:45 pm | News | Comments

Another former Anheuser-Busch CEO is defending the beer maker's executive pay plan in a gender discrimination lawsuit filed by a one-time top-ranking female executive with the St. Louis brewer.           

Another GM Engineering Exec Retires

May 6, 2014 7:56 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | News | Comments

Federico was GM's highest-ranking executive with safety in his title in February, when the company began recalling 2.6 million older-model small cars to replace the defective ignition switches.            

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Buffett Praises GM's New CEO

May 5, 2014 7:55 am | News | Comments

Investor Warren Buffett says General Motors' new CEO would do a great job running any business, and she is the best person to handle the company's recall problems.                       

Anheuser-Busch Trial Highlights Gender Bias In Pay

May 2, 2014 8:05 am | by Alan Scher Zagier, Associated Press | News | Comments

Six years after the sale of AB to inBev, the trial fascinates a company town, threatening to give more unwanted publicity to a family dynasty that's had its fair share.                      

Fields To Replace Mulally As Ford CEO July 1

May 1, 2014 8:32 am | News | Comments

Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer.                                  

GM's Former CEO Received About $9M In 2013

April 28, 2014 10:06 am | by Tom Krisher, AP Auto Writer | News | Comments

Former General Motors CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the company said was due to the timing of stock awards.                    

Court Rejects Case Against Ex-Porsche CEO

April 25, 2014 9:32 am | News | Comments

A German court has thrown out market manipulation charges against the former CEO and chief financial officer of Porsche over the sports car maker's failed attempt to take over Volkswagen AG in 2009.           

CAT CEO's Compensation Cut To $12M

April 22, 2014 8:50 am | by David Koenig, AP Business Writer | News | Comments

Caterpillar cut the value of its CEO's pay package by 32 percent to $12 million in 2013, a year when the heavy machinery maker saw its profits fall by a third, according to an Associated Press analysis.         

GM Loses Communications, Human Resources Heads

April 14, 2014 11:55 am | by Tom Krisher, AP Auto Writer | News | Comments

General Motors is replacing the executives in charge of communications and human resources as it struggles with a string of embarrassing recalls that have led to congressional hearings and federal investigations.        

Biden Swears In Head Of Small Business Agency

April 8, 2014 12:18 pm | News | Comments

Contreras-Sweet says entrepreneurs are the difference-makers in the U.S. economy and that SBA plays a pivotal role in helping them overcome hurdles.                   

Mulally's Pay Up 11 Percent In 2013

March 31, 2014 10:17 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford CEO Alan Mulally's compensation rose 11 percent to $23.2 million in 2013, as the company reported record profits in North America and Asia.                    

Another $1 For Google Co-Founders

March 31, 2014 8:37 am | News | Comments

Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt's compensation more than doubled to $19.3 million.             

Head Of VW's Lone U.S. Plant Going Back To Germany

March 28, 2014 12:38 pm | News | Comments

Frank Fischer, who has headed Volkswagen's only U.S. plant in Chattanooga since its construction, is leaving to manage the automaker's factory in Emden, Germany.                

Kodak Founder's Grave Part Of Business Park Sale

March 27, 2014 8:34 am | News | Comments

The ashes of George Eastman, founder of Eastman Kodak, are buried under a memorial located on what is now the Eastman Business Park.                     

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