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IBM To Pay $1.5B to Shed its Costly Chip Division

October 20, 2014 | by Michelle Chapman, The Associated Press | Comments

 IBM Director of Research John E. Kelly III said in an interview Monday that handing over control of the semiconductor operations will allow it to grow faster, while IBM continues to invest in and expand its chip research.        

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Daily industrial news and top headlines for plant and maintenance managers

Toyota Adds 247K Vehicles to Air Bag Recall Tally

October 20, 2014 2:12 pm | by The Associated Press

Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen.                               

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iRobot Receives $7.6M Order From U.S. Navy

October 20, 2014 2:04 pm | by The Associated Press

iRobot Corp., the leader in delivering robotic technology-based solutions, has received a $7.6 million order from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division.            

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GE Sees Strong U.S. Economy as Profits Rise

October 20, 2014 10:13 am | by Jonathan Fahey, The Associated Press

General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis.                 

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General Motors' Legal Chief To Retire

October 20, 2014 10:07 am | by The Associated Press

General Motors' chief lawyer Michael Millikin, who withstood withering criticism from lawmakers for his department's handling of an ignition switch recall, is retiring early next year.                   

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Federal Reserve Chair Greatly Concerned by Widening Inequality

October 20, 2014 9:52 am | by Martin Crutsinger, The Associated Press

Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake.             

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Electrolux Buoyed by U.S. Growth

October 20, 2014 9:36 am | by The Associated Press

Growth in the U.S. and efficiency gains in Europe helped Swedish home-appliance maker Electrolux post a 42 percent jump in third-quarter profits.                              

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VibrAlign Expands Shaft Alignment Training

October 17, 2014 3:19 pm | by VibrAlign, Inc.

VibrAlign, Inc., American distributor of Fixturlaser Alignment tools, is proud to announce the expansion of their offerings as a shaft alignment training provider.                         

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U.S. Economy Strong Despite Global Slowdown Fear

October 17, 2014 1:54 pm | by Paul Wiseman, The Associated Press

Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear.                                          

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iPhone Glass Maker Cutting Jobs in Arizona

October 17, 2014 1:38 pm | by The Associated Press

A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant.                                       

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Biofuels Plant Harbinger of Renewable Fuel Future

October 17, 2014 10:28 am | by Roxana Hegeman, The Associated Press

A new biofuels plant in southwest Kansas represents the future of ethanol production in the United States, Energy Secretary Ernest Moniz said.                               

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Mass. Firm Recalls 115K Pounds of Chicken Products

October 17, 2014 10:08 am | by USDA

Shop Packaging LLC, a New Bedford, Mass. establishment, is recalling approximately 115,505 pounds of chicken wing products due to misbranding and an undeclared allergen.                       

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Factories in Philadelphia Experiencing Slow Growth

October 17, 2014 10:00 am | by Christopher Rugaber, The Associated Press

A measure of factory activity in the Philadelphia region slipped last month, but remained at a healthy level, evidence that U.S. manufacturing output is holding up despite signs of a global slowdown.               

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LEAP Jet Engine Fuels Strong Orders for GE

October 17, 2014 9:53 am | by GE Reports

GE Aviation has been flight testing jet engines for more than a decade. But never one like the LEAP, the world’s first jet engine with 3D-printed fuel nozzles and parts from advanced ceramic materials.              

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After a Solid Run of Advances, Manufacturing Takes a Slight Step Back

October 17, 2014 9:35 am | by MAPI Foundation

A nearly two-year upward trend experienced a hiccup according to the quarterly MAPI Foundation Business Outlook, a survey conducted by the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation.

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Falling Oil Prices Shake Up Global Economies

October 16, 2014 12:29 pm | by Jonathan Fahey, The Associated Press

A sudden plunge in the price of oil is sending economic and political shock waves around the world.                                           

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AbbVie Sours on Shire Deal After Tax Changes

October 16, 2014 11:59 am | by The Associated Press

AbbVie's board is telling shareholders to vote against its own $55 billion takeover bid for the Irish drugmaker Shire after the U.S. made reincorporating overseas a less lucrative tax maneuver.                 

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AAM: It's Time for Action on China's Exchange Rate

October 16, 2014 11:23 am | by The Alliance for American Manufacturing

The Alliance for American Manufacturing address their concerns with the Exchange Rate Policies released by the Treasury and currency manipulation this week.                                   

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Chrysler Recalling 907K Vehicles

October 16, 2014 11:08 am

Nearly 907,000 Chrysler, Dodge and Jeep SUVs and cars are being recalled for alternators that can fail and heated power mirror wiring that can short and cause minor fires.                       

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U.S. Factory Output Rises in September

October 16, 2014 11:03 am | by Josh Boak, The Associated Press

U.S. manufacturing output rose in September, led by gains for aerospace products, furniture, clothing and plastics.                                       

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Applications for U.S. Unemployment Benefits at 14 Year Low

October 16, 2014 9:49 am | by Christopher S. Rugaber, The Associated Press

The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting fewer workers and hiring could remain healthy.                 

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