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Daily industrial news and top headlines for plant and maintenance managers

Japan Trade Deficit at Record $75B

July 24, 2014 1:51 pm | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.                

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Ford 2Q Net Income Rises to $1.3B

July 24, 2014 1:49 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                     

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$148M Metal Research Center To Open in Detroit This Fall

July 24, 2014 9:59 am | by The Associated Press | News | Comments

The $148 million American Lightweight Materials Manufacturing Innovation Institute is expected to help move cutting-edge metals from research into vehicles, planes and ships used commercially and by the U.S. military.          

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Senate To Debate Bill Targeting Companies That Move Overseas

July 24, 2014 9:56 am | by The Associated Press | News | Comments

The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.                            

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NASA Doesn't Have the Money for Big Rockets

July 24, 2014 9:51 am | by The Associated Press | News | Comments

NASA doesn't have enough money to get its new $12 billion rocket system off the ground by the end of 2017 as planned, federal auditors say.                                

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GM 2Q Profit Falls 85 Pct.

July 24, 2014 9:46 am | by The Associated Press | News | Comments

General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.                                       

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China's Factory Index at 18-Month High

July 24, 2014 9:39 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                          

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Gov. Walker Got $68K From Companies That Outsourced Jobs

July 24, 2014 9:29 am | by The Associated Press | News | Comments

A recent campaign finance report shows Wisconsin Gov. Scott Walker has received money from at least 11 corporations that outsource jobs to other countries.                            

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Improvements in Corner Post Functionality

July 23, 2014 3:42 pm | by SPS Ideal Solutions | Product Releases | Comments

A new generation of folding corner posts has been introduced that will allow the corner to be positioned in 3 different planes, while staying attached to the rack.  

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Marines Show Off New Amphibious Vehicle

July 23, 2014 2:16 pm | by CBS News | Videos | Comments

The new vehicle is expected to be the next generation of ship-to-shore transport for the U.S. Navy, and can carry a payload of almost 200 tons.                               

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IMF Cuts Forecast for U.S. Economic Growth

July 23, 2014 2:13 pm | by The Associated Press | News | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                             

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China Detains Meat Seller's Employees

July 23, 2014 2:10 pm | by Joe McDonald, AP Business Writer | News | Comments

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

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Officials Investigate Fire at Oil Supply Company

July 23, 2014 2:05 pm | by Josh Wood, Associated Press | News | Comments

Federal and state investigators are at a Williston oil supply and logistics company where a massive fire erupted and disrupted road and air traffic.                              

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Boeing 2Q Profit Up 52 Pct.

July 23, 2014 2:02 pm | by The Associated Press | News | Comments

Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations.                                

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Investigators: Overloaded Bins Caused Collapse, Deaths

July 23, 2014 2:00 pm | by Josh Funk, Associated Press | News | Comments

Overloaded storage bins on the roof of an Omaha livestock feed manufacturer's plant caused the building collapse that killed two people in January, federal investigators said Monday.                    

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Chrysler Recalls Over 792K Jeeps for Ignition Switch Defect

July 23, 2014 1:57 pm | by The Associated Press | News | Comments

The ignition switch defects that engulfed General Motors are now a rapidly growing problem at Chrysler.                                          

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Gun Law Forces Beretta out of Maryland

July 23, 2014 10:11 am | by The Associated Press | News | Comments

Beretta U.S.A. announced Tuesday that company concerns over a strict gun-control law enacted in Maryland last year have made it necessary to move its weapons making out of the state to Tennessee.               

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Could The U.S. Dip Back Into Recession?

July 23, 2014 10:06 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.                      

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Michigan Approves 9 Projects To Add 3,900 Jobs

July 23, 2014 10:02 am | by The Associated Press | News | Comments

Michigan on Tuesday approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.      

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Ford: New, Lighter F-150 Can Compete With Rivals

July 23, 2014 9:31 am | by The Associated Press | News | Comments

The company revealed details of the new truck Tuesday. The 2015 F-150 4x4 goes on sale this fall and is 732 pounds lighter than the outgoing model.                              

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