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China Reports Stronger April Trade Growth
May 8, 2013 2:25 pm | by Joe McDonald, AP Business Writer | News | CommentsChina reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.7 percent over a year earlier, up from March's 10 percent growth, customs data showed Wednesday. Imports gained 16.8 percent, up from the previous month's 14.1 percent.
Germany Plans Tighter Control Of Managers' Pay
May 8, 2013 2:23 pm | by The Associated Press | News | CommentsThe German government plans to give companies' shareholders a greater say in setting managers' pay. The proposal follows a similar decision by voters in neighboring Switzerland this year and comes as Germany prepares for national elections.
United To Resume 787 Flights May 20
May 8, 2013 2:22 pm | by The Associated Press | News | CommentsUnited Airlines expects to start flying its Boeing 787s again on May 20. The 787s had been grounded because of concerns about smoldering batteries, but they have been returning to the skies. Ethiopian Airlines was the first to fly a 787 again, on April 27.
How Audi Sees The Future Of Cars
May 8, 2013 1:18 pm | by CNN Money | Videos | CommentsWe've seen a number of concept cars from Audi, but when will we be able get behind the wheel of a fully plug-in electric car from Audi? Audi of America president Scott Keogh talks about Audi's technological breakthroughs in plug-in and self-driving vehicles.
Greenlee Expands Professional Tool Specialist Program With New Trucks
May 8, 2013 11:06 am | by Greenlee | News | CommentsGreenlee continues to expand its Professional Tool Specialist program with the launch of three additional trucks and trailers. The new vehicles will allow Greenlee specialists to further provide value-added services to end users, such as tool demonstrations, joint sales calls, technical support, and safety presentations.
Ferrari To Sell Fewer Cars To Boost Exclusivity
May 8, 2013 10:12 am | by The Associated Press | News | CommentsFerrari says it will limit sales of its high-performance street cars this year to below 7,000 units to protect the brand's aura of exclusivity. Chairman Luca Montezemolo says that means sales will decline overall by "more than 1 or 2 percent" from last year's sales of 7,318 cars. Sales in the first four months have risen 4 percent over last year.
Appeals Court Strikes Down Union Poster Rule
May 8, 2013 10:11 am | by Sam Hananel, Associated Press | News | CommentsIn another blow to the nation's dwindling labor unions, an appeals court struck down a federal rule that would have required millions of businesses to put up posters informing workers of their right to form a union. The U.S. Court of Appeals for the District of Columbia Circuit said the NLRB violated employers' free speech rights in in trying to force them to display the posters or face charges of committing an unfair labor practice.
GM To Open Cadillac Plant In China
May 8, 2013 10:08 am | by Dee-Ann Durbin, AP Auto Writer | News | CommentsGeneral Motors Co. confirms that it's building a new Cadillac factory in China. GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year. The auto maker recently received regulatory approval for the new plant.
Investigation Retraces Lines Of TX Plant Blast
May 8, 2013 10:07 am | by Nomaan Merchant, Associated Press | News | CommentsAlmost a month into their review of the deadly blast at a Texas fertilizer plant, investigators are hoping to draw a picture from the air of how the plant looked before the explosion and compare it to the 93-foot-wide crater that's there now.
Subaru Invests $400M In Indiana Plant
May 8, 2013 10:05 am | by Yuri Kageyama, AP Business Writer | News | CommentsSubaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016. The plant now employs about 3,600 people and builds the Legacy and Outback cars and the Tribeca SUV. It also builds the Camry midsize car under contract with Toyota Motor Corp., the top shareholder in Subaru with a 16.5 percent stake.
Siemens Launches Job Training Program For U.S. Vets
May 8, 2013 10:04 am | by The Associated Press | News | CommentsA job training initiative is being offered in the Detroit area to help military veterans with engineering and manufacturing backgrounds transition to the civilian workforce. Siemens Corp. says the program was launched by Siemens' product lifecycle management software business in 22 cities across the country.
Is The United States Ready To Take Manufacturing Back?
May 8, 2013 8:05 am | by Patrick Van den Bossche, Pramod Gupta, Hector Gutierrez, Chui Lee — A.T. Kearney | Articles | CommentsWord on the street is that substantial portions of previously offshored manufacturing operations are due to return to the United States. A number of macroeconomic factors seem to have tipped the balance in favor of domestic manufacturing.
ISM: Manufacturing Slowing, But Still Expanding
May 8, 2013 8:00 am | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Articles | CommentsEconomic activity in the manufacturing sector expanded in April for the fifth consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The PMI number indicated expansion in manufacturing for the fifth consecutive month, but at the lowest rate of the year. Although U.S. manufacturing continued to slow in April, underlying metrics show there is more good news than there is cause for concern.
U.S. Job Postings Fell In March; Hiring Slowed
May 7, 2013 2:33 pm | by Christopher S. Rugaber, AP Economics Writer | News | CommentsU.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth. The Labor Department said Tuesday that job openings fell 1.4 percent to a seasonally adjusted 3.8 million jobs. Total hiring declined 4.3 percent to 4.3 million.
Lawsuit: Intel Worker Subjected To 'Kick Me' Prank
May 7, 2013 2:31 pm | by Russell Contreras, Associated Press | News | CommentsIntel workers secretly taped a "Kick Me" sign to the back of a co-worker as a prank, then kicked the confused man a number of times as employees at the Rio Rancho Intel plant laughed hysterically at the episode, according to a federal lawsuit.
