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Daily news and top headlines for manufacturing professionals

Work Not Done, Obama Climate Adviser Moves On

November 13, 2013 8:24 am | by Matthew Daly, Associated Press | News | Comments

Heather Zichal admits her job is unfinished. The architect of President Barack Obama's climate-change plan, Zichal left the White House last week after five years as a top adviser on energy and climate change.        

New BlackBerry Leader's Pay Package Released

November 12, 2013 8:03 am | News | Comments

In addition to a $1 million base salary and $2 million performance bonus, the Waterloo, Ontario, company will give him 13 million BlackBerry restricted share units, worth $85 million based on the current stock price, that will vest over five years.  

Chrysler Names New Chrysler Brand Chief

November 11, 2013 1:51 pm | News | Comments

Chrysler Group has named a new head of its Chrysler brand. The company said Monday that Al Gardner has been appointed president and CEO of the Chrysler brand. Gardner is a 27-year veteran of Chrysler who most recently served as head of the company's Southeast Business Center.

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Head Of Troubled Va. Supplement Maker To Step Down

November 8, 2013 8:03 am | by Michael Felberbaum, AP Business Writer | News | Comments

A troubled dietary supplement maker in Virginia will start next year off with a new leader after its chief executive announced his resignation, a shakeup that comes as the company faced a securities probe, shareholder lawsuits and a scandal involving Virginia's governor.

UAW Nominates Williams As Its Next President

November 8, 2013 7:23 am | News | Comments

Dennis Williams has been the UAW's secretary-treasurer for the last three years. Williams, a Marine Corps veteran, joined the union in 1977 as a welder with J.I. Case in Rock Island, Ill. He joined the union's national organizing department in 1988 and has negotiated contracts with Mitsubishi, Caterpillar and other companies.

Ford's Design Chief J Mays Set To Retire

November 5, 2013 2:04 pm | News | Comments

Mays led development of designs that helped to turn Ford from a money-losing company with mostly boring products in 2006 to a company with coveted designs today. As group vice president and chief creative officer for design, he led development of the Ford Fusion, Focus, Fiesta, Taurus, Mustang and F-150, the statement said.

Lowe, Father Of IBM Personal Computer, Dies At 72

November 1, 2013 7:57 am | by Tammy Webber, Associated Press | News | Comments

William C. Lowe had a bold idea: IBM should develop a personal computer that could be mass marketed, expanding the company's reach beyond businesses and into people's homes. That was in 1980. One year later, the IBM 5150 personal computer was selling out at stores such as Sears and ComputerLand for $1,565, not including a monitor.

Nissan Cuts Profit Outlook, Revamps Management

November 1, 2013 7:54 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Ghosn attributed the weaker than expected performance to a variety of troubles, chief among them weakness in many emerging markets and painfully expensive recalls. He announced a management reshuffle that will make the company's chief operating officer, Toshiyuki Shiga, a vice chairman and appoint three other executives as COOs.

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Teva CEO Resigns Amid Board Feud

October 31, 2013 8:49 am | by Tia Goldenberg, Associated Press | News | Comments

The chief executive of Israeli company Teva Pharmaceuticals Ltd. has resigned following a public uproar over a contentious restructuring plan set to cut thousands of jobs worldwide.A statement Wednesday from Teva said says its board of directors and CEO Jeremy Levin had agreed for him to step down.

Tesla Hires Apple Engineer To Develop New Cars

October 25, 2013 12:04 pm | News | Comments

Electric car maker Tesla Motors has hired Apple Inc.'s chief Mac engineer to lead new vehicle development.Doug Field led the development of new products in his five years at Apple, including the MacBook Air, MacBook Pro and iMac.    

Mulally: No Change In Plan To Stay Ford CEO

October 24, 2013 1:30 pm | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | Boeing | News | Comments

Alan Mulally, the man who has led Ford Motor Co.'s turnaround from near financial ruin, would not say Thursday if he has talked to Microsoft about the CEO job at the software giant. "We don't comment on the speculation," Mulally said in response to a question from The Associated Press on the company's third-quarter earnings conference call.

Hurd Says He's Happy At Oracle

October 22, 2013 9:38 am | News | Comments

Oracle President Mark Hurd says he's not planning on becoming Microsoft's next CEO. Hurd tells CNBC that he's happy at the business software maker and doesn't expect to be going anywhere.             

Former CEO Concedes Mistakes In Nokia's Downturn

October 17, 2013 7:49 am | News | Comments

Ex-Nokia CEO Jorma Ollila says the former No. 1 mobile phone company made several mistakes at its peak, including failure to predict changing customers' needs.In his autobiography, which translates from the Finnish as 'An Impossible Success', Ollila concedes that after 2001 the Finnish company was unable to sustain its role as the main innovator in the wireless industry.

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Pentair President And COO Schrock To Retire

October 14, 2013 10:42 am | News | Comments

Pentair President and Chief Operating Officer Michael Schrock plans to retire at year's end. Schrock, 60, started at the flow control company in 1998. He became president and COO of the company in 2006, when it was based in Minnesota.    

Ford Board Meeting Ends With No Word On Mulally

October 11, 2013 7:45 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford's board of directors has ended a two-day quarterly meeting without issuing a public statement on the future of CEO Alan Mulally. Microsoft Corp. is reportedly considering Mulally as a replacement for CEO Steve Ballmer, who is due to step down next year.

A123 Systems Reorganizes And Names New CEO

October 10, 2013 11:31 am | News | Comments

Battery maker A123 Systems said Wednesday that Jason Forcier, the head of its automotive systems business, will become CEO of the company as it reorganizes under new ownership. The company was acquired in a bankruptcy auction by Chinese auto parts conglomerate Wanxiang Group.

What If Car Boss Mulally Took Over At Microsoft?

October 9, 2013 8:07 am | by Dee-Ann Durbin and Ryan Nakashima, AP Business Writers | Boeing | News | Comments

Mulally says he's made no changes to his plan to stay at Ford through the end of 2014. But he hasn't denied rumors that Microsoft Corp. is courting him. Ford's board of directors will gather in Dearborn, Mich., starting Wednesday. One of the items on the agenda will be a discussion of Mulally's future at the company.

Obama Climate Adviser Stepping Down

October 8, 2013 8:00 am | News | Comments

President Barack Obama's top adviser on environmental and climate issues is leaving. Heather Zichal has been advising Obama for five years and is the architect of his climate change plan. She also advises Obama on energy issues. Zichal plans to leave the White House within a few weeks.

NY Frees Ex-Tyco Exec Swartz On Parole

October 4, 2013 2:11 pm | News | Comments

Swartz, once Tyco's chief financial officer, was convicted along with former CEO Dennis Kozlowski on 22 counts of grand larceny, conspiracy, falsifying records and violating business law after prosecutors claimed they gave themselves millions in illegal bonuses and forgiven loans.

Oracle Defends CEO's Pay Amid Shareholder Unrest

October 2, 2013 1:40 pm | News | Comments

Oracle is trying to ward off a shareholder rebellion against policies that have consistently made its billionaire co-founder, Larry Ellison, one of the best-paid CEOs in the world. Oracle Corp. awarded Ellison a pay package valued at $78.4 million in its last fiscal year, down from $96.2 million the previous year.

Oracle CEO Snubs Big Crowd To Watch America's Cup

September 25, 2013 7:53 am | by Michael Liedtke, AP Technology Writer | News | Comments

About 60,000 people have come from all over the world to attend Oracle's biggest customer conference of the year, but Oracle CEO Larry Ellison left no doubt Tuesday that his boating team's defense of the America's Cup is a higher priority.     

Nokia To Pay Outgoing CEO Elop $25M

September 20, 2013 7:23 am | News | Comments

Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million (19 million euros) when he leaves the company to move over to Microsoft. The announcement comes in the wake of Microsoft's plans to buy Nokia's phone business for $7.2 billion, including a portfolio of patents and services.

CH2M Hill Engineering Firm Gets New CEO

September 18, 2013 7:47 am | News | Comments

Jacqueline Hinman has been named chief executive officer of CH2M Hill, making her one of the few women to run a major U.S. engineering firm as the company's revenue continues to soar. Hinman will assume the post Jan. 1 when current CEO Lee McIntire steps down. McIntire will remain chairman of the board.

Eiji Toyoda, Key Figure In Toyota's Rise, Dies

September 17, 2013 7:58 am | by Yuri Kageyama, AP Business Writer | News | Comments

Eiji Toyoda, a member of Toyota's founding family who helped create the super-efficient "Toyota Way" production method, has died. He was 100.Toyoda, a cousin of the Japanese automaker's founder Kiichiro Toyoda, died Tuesday of heart failure at Toyota Memorial Hospital in Toyota city, central Japan.

Gates Stays Atop Forbes List Of America's Richest

September 16, 2013 10:04 am | News | Comments

Microsoft Corp. co-founder Bill Gates is still America's richest man, taking the top spot in the Forbes 400 list for the 20th-straight year with a net worth of $72 billion.Investor Warren Buffett, the head of Berkshire Hathaway Inc., remains in second place with $58.5 billion.

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