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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Oil Plunge Creates Mixed Feelings in Global Economies

December 1, 2014 9:27 am | by The Associated Press

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump, giving individuals more spending money and lowering costs for many businesses.

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Obama's Immigration Move Disappoints Some Business Leaders

November 26, 2014 12:35 pm

President Barack Obama's executive actions on immigration left out some of the business community's top priorities, disappointing business leaders who might have stepped up to defend his policies in the face of Republican attacks.     

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3 Reasons Shoppers Will Spend Cautiously This Season

November 26, 2014 12:22 pm | by Anne D'innocenzio, Christopher Rugaber, AP Business Writers

The National Retail Federation forecasts holiday sales will grow 4.1 percent to $616.9 billion - the highest increase since 2011. But retailers already have had to resort to discounting to get shoppers into stores.           

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Germany To Require 30 Percent Women on Company Boards

November 26, 2014 11:49 am | by The Associated Press

Germany's leading companies will need to have at least 30 percent women on their supervisory boards from 2016, according to a new directive being adopted by the government, Chancellor Angela Merkel said Wednesday.           

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White House Veto Threat Puts Business Tax Credits on Ice

November 26, 2014 11:43 am | by Andrew Taylor, The Associated Press

The White House is working feverishly to quickly scuttle a congressional effort to permanently renew generous tax breaks for businesses and individuals, saying a plan brewing on Capitol Hill favored corporations over the working class.     

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Woman Cleared in Fatal Wreck After GM Confirms Car Would Have Been Recalled

November 26, 2014 11:24 am | by Michael Graczyk, Associated Press

A Texas judge cleared a woman Monday for a car accident that killed her fiance in 2004, after General Motors acknowledged that her car would have been among millions being recalled for a problem that may have contributed to the death.     

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Kentucky Whiskey Maker Fetches More Than $28K For 1st Bottle of Bourbon

November 26, 2014 9:54 am | by Bruce Schreiner, The Associated Press

One of Kentucky's newest whiskey makers is making a big splash, fetching more than $28,000 for its first bottle of bourbon.                                     

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MAPI Foundation Economic Forecast: Jobs, Replacement Demand Highlight Growth

November 26, 2014 9:47 am | by Manufacturers Alliance for Productivity and Innovation (MAPI)

The MAPI Foundation predicts strong growth in jobs plus replacement demand for equipment from businesses will provide a stable base for overall economic growth, according to a new report.                  

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U.S. Durable Goods Order on the Rise

November 26, 2014 9:41 am | by Martin Crutsinger, The Associated Press

Orders for durable goods increased 0.4 percent last month following a 0.9 percent drop in September and an even bigger 18.3 percent plunge in August, the Commerce Department reported Wednesday. The two months of declines reflected big swings in the volatile category of commercial aircraft.

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Applications for Unemployment Benefits Rise to 313K

November 26, 2014 9:37 am | by Christopher Rugaber, The Associated Press

The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months.                           

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AAM Asks Americans to Pledge to Buy American-Made Over Holidays

November 26, 2014 9:24 am | by Maura Falk, Associate Editor

Millions of shoppers will rush to stores in the hopes of a great deal on Friday, there is nothing that will change that, however the Alliance for American Manufacturing wants to change the effects of such consumerism. They want that money to go back to American workers and companies.

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Vermont Auditor Questions State's Role in Liquor Business

November 25, 2014 2:20 pm | by The Associated Press

Vermont state Auditor of Accounts Doug Hoffer is questioning the state's role in the liquor business, and says complete privatization likely would have a neutral revenue impact                     

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As OPEC Faces Tough Test, Lower Oil Prices Loom

November 25, 2014 2:12 pm | by Jonathan Fahey, The Associated Press

These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day.                           

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EPA: Texas Coal Plants Should Spend $2B to Cut Emissions

November 25, 2014 2:07 pm | by Emily Schmall, The Associated Press

Federal regulators are proposing that the largest coal-powered plants in Texas invest $2 billion in new technology to reduce sulfur dioxide emissions, a measure energy companies are likely to resist.               

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NAM Urges India to Improve Business Climate

November 25, 2014 1:40 pm | by Jamie Hennigan, National Association of Manufacturers

Along with 15 other associations, NAM signed a letter urging action on a wide range of barriers they feel inhibit India from being "open for business."                             

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FDA Expands Calorie Count Display Requirements

November 25, 2014 1:36 pm | by Mary Clare Jalonick,The Associated Press

The Food and Drug Administration is announcing long-delayed calorie labeling rules, requiring establishments that sell prepared foods and have 20 or more locations to post the calorie content of food "clearly and conspicuously" on their menus. Companies will have until November 2015 to comply.

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Honda Admits Failing to Report Deaths, Injuries

November 25, 2014 10:46 am | by Tom Krisher, The Associated Press

Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law.                           

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Utility Workers Rescued From Platform in WI

November 25, 2014 10:09 am | by The Associated Press

Four utility workers have been brought to safety after getting stuck on a platform about 150 feet above the ground at the We Energies plant in Milwaukee's Menomonee Valley.                       

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Global Watchdog Calls for More EU Spending

November 25, 2014 10:03 am | by The Associated Press

Europe must relax its fiscal rules and let governments spend more money or risk dragging down the global economy, a major international organization said.                           

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U.S. Economy Reports Strongest Quarter Growth in Years

November 25, 2014 9:57 am | by Martin Crutsinger, The Associated Press

The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest six months of growth in more than a decade.               

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